For only R240 per month, you get a Premium Banking Current Account, no monthly credit card fee plus FREE Absa Rewards!
 

Recommended income: R25 000 per month

Premium Banking Package account
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Borrow

Access an Overdraft or Absa Personal Loan.

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Laptop

Premium Service

Exclusive priority banking in selected branches.

Travel Card

Lifestyle and travel

Lounge access, chauffeured drives, travel benefits and more.

Premium Package features and benefits

  • Cheque account benefits

    • Unlimited electronic payments including internal and external debit and stop orders
    • 50% discount on the monthly account fee when you maintain a balance of R50 000 or more
    • 50% discount on your spouse’s monthly account fee for a Premium Banking Value Bundle
    • No fees on Absa ATM withdrawal transactions up to a total value of R4 000 per month
    • No fees on Absa ATM deposit transactions up to a total value of R4 000 per month
    • Free MegaU Account for children under the age of 20.

  • Credit card benefits

    • R3 million automatic basic cover for a range of travel emergencies
    • Visa Purchase Protection and Extended Warranty
    • Up to 57 days interest-free credit on purchases
    • Low monthly repayment of 3% of the outstanding balance, when you choose to repay using a debit order
    • Access to a secondary credit card at a nominal once-off fee, if you would like to share the credit facility with another individual (such as a spouse)
    • Ability to access both cheque and credit card accounts using one card
    • Contactless: Our card uses contactless (tap-and-pay) technology. 
       
    Additional services/value added benefits
    • Absa Rewards: Get cash back when you pay with your card, worldwide.
    • Credit Life protection: Credit Protection Plan looks after your family by paying your outstanding debt in the event of death, dread disease or permanent disability.

  • Peace mind

    As a Premium Banking customer, we want to support you on your journey to wealth creation.
    Get access to a Financial Adviser to receive the following services:

    • Free financial needs analysis (FNA)
    • Financial planning
    • Free will

  • Digital banking

    • Absa Banking App: Use the App to stop and replace your card, report fraud, manage your daily account limits, lock and unlock certain functions, retrieve your PIN and activate your card for international travel
    • Absa Online Banking: Bank wherever you are, 24/7
    • Walletdoc: Pay your bills the smart, secure and convenient way, without any administration
    • Samsung Pay: Make payments using your Samsung device.

    Visit our  Ways to bank section to find out more about how you can bank digitally with Absa.

  • Lifestyle and travel benefits

    Your Premium Banking Credit Card offers Bidvest Lounge access at both domestic and international airports across South Africa, as well as Basic Travel Insurance. You also have the option to purchase top-up insurance depending on your individual needs.

    Travel with Visa

    No matter where you are, enjoy exclusive offers, rewards and benefits simply by using your Visa card. Create an account or sign in to instantly access the world of Visa services.

    Enjoy restaurant deals, airport dining, special offers and insurance benefits. Benefits vary depending on which card you hold.

    View your Visa details or register your card.

    International Banking

    We have a range of International Banking solutions for you to consider when travelling, such as our Cash Passport, Currency Investment Account and foreign banknotes.

    Learn more

  • Premium service

    • Dedicated, 24/7 Premium Line available exclusively to you to:
      • Submit product and service applications or gain quick and easy access to product information; and
      • Receive guidance on and assistance with your banking needs.
    • Priority Banker (at selected branches) to discuss your everyday banking needs.
    • A qualified Financial Adviser to help formulate a long-term financial plan for your unique lifestyle needs.  

  • Qualifying criteria

    • Earn a gross monthly individual income of R25 000
    • You must be 18 years or older
    • Not be insolvent or under debt counselling
    • Consent to do a credit bureau check
    • South African citizen or ID-carrying resident

  • Documents needed

    • Valid South African ID or smart card
    • Proof of residence
    • Latest proof of income for three consecutive months.

Terms and conditions apply. Please refer to the Product Information document
and Absa Pricing Guide for our Premium Package. Get your Premium Package at an Absa branch.

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Need more help?

Let one of our consultants help you to get the best account for your needs.

Call our 24/7 Premium Line on:

0860 109 085

International callers:

+2711 501 5006

Email us at:

premiumbanking@absa.co.za

or 

Visit a branch near me