Premium Banking is more than just another card or account, it’s a new perspective on your money and your life. For R190.00 per month, you get a range of exclusive services and lifestyle benefits that will help you reach your financial goals.

Recommended income: R25 000 pm

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premium
Premium branch service
Retrenchment & Disability Benefit

 Retrenchment and Disability Cover included

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Wealth enhancement
Overdraft facility

Cover for rainy days. Get instant access to money in your cheque account to cover unexpected expenses

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Lifestyle and travel benefits
Lifestyle and travel benefits

Open up your life and money to the world with foreign currency investments, international money transfers, lounge access, chauffeured drives and a host of travel benefits

Get unlimited electronic transactions
Premium service

We bank when you bank. Enjoy exclusive priority banking in selected branches, call 0860 109 085 or chat online to a banker 24/7

Family benefits
Family benefits

R25 000 death benefit

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Get unlimited electronic transactions
One card solution

Less is three times more. Access your debit, credit or savings account with one card

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Get unlimited electronic transactions
Absa Rewards

Make money with every swipe and get cash back in your pocket with Absa Rewards

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Chat to a member of our team right here.

  • Smarter banking

    • R190.00 per month
    • Easily apply for an overdraft online
    • Includes:
      • Access to online banking
      • Mobile app banking
      • NotifyMe SMS notifications
      • Unlimited card swipes
      • Seven Absa ATM cash withdrawals
      • Five Absa ATM cash deposits
    • Debit card with contactless tap and pay
    • One card credit card solution: access your debit, credit or savings account with one card
    • Keep all card and payment details in your MasterPass digital wallet
    • Transacting using a chip debit card is smarter, faster and more convenient. Learn more about debit card benefits.

  • Premium service

    • 24/7 dedicated Premium Line available on 0860 109 085 / +2711 501 5006
    • Premium chat service for banking, financial, investment and home loan advice
    • Priority bankers in selected branches

  • Wealth enhancement

    • Access to a financial adviser
    • Free financial needs analysis
    • Find the right investment for you with the Virtual Investor tool
    • Save or invest with:
      • Investor Plus: Grow your investment and have easy access to your money when you need it.
      • Dynamic Fixed Deposit: You get to choose the deposit amount, your investment term and how much money you want immediate access to.
    • Stockbroking Account: Invest and trade in all local JSE™-listed equities (shares), warrants, share instalments and all exchange-traded funds (ETFs) as well as offshore in over 25 exchanges worldwide.

  • Family benefits

    • Retrenchment and Disability benefit
    • 50% off monthly fees on a Premium Banking cheque account for your spouse
    • Free MegaU account and app for children under 19
    • R25 000 death benefit
    • Education protector
    • Free will

  • Lifestyle and travel benefits

    Exclusive benefits
    • Add Absa Rewards and get great benefits such as:
      • Real cash back when you use your Absa card*
      • 50% discount on movie tickets at Nu Metro cinemas nationwide*
      • As much as 20% cash back every time you shop or fill up at Sasol* 

    *Terms and conditions apply

    Travel benefits
    • Get foreign bank notes for 22 of the world’s major currencies and we can order currency for you, should we not have it at our counters
    • Use four different currencies from one card with the Multi-currency Cash Passport
      • Re-load your card and earn as much as R3000 in Absa Cash Rewards. Simply re-load by phoning our call centre on 0860 151 151
    • Travel insurance on your credit card included
    • International airport lounge access with DragonPass
    • Preferential rates at Bidvest lounges on your Premium Banking Credit Card
    • Get up to 30% discount on flights with Rewards Lite
    Savings
    • International Savings made easy: open a Currency Investment Account in one of 17 currencies to protect yourself against fluctuations of the Rand.
    Payments
    • SWIFT (bank-to-bank): Send money from your bank account to an account abroad with SWIFT transfers.
    • Western Union: A fast, reliable, person-to-person transfer service, and convenient way to send and receive money around the world.

  • Making the switch is easy

    We switch your debit orders for you. Download a switching form here, complete and send to switching@absa.co.za.

    Benefits of switching include:

    • Absa Vehicle Finance: In the market for an upgrade? Keep your next finance agreement with us and you’ll get up to 5% cash back on your settlement amount.
    • Personal Loan and/or Overdraft: If you take out an Absa Personal Loan or Overdraft and you’re offered a lower interest rate elsewhere, we’ll beat it with Absa Price Guarantee.
    • Great Escape Home Loan: Switch your home loan to Absa to access equity and save on registration costs as well as initiation fees.* 
    • Absa Homeowner App and Estimator: Shop for a home on the app 24/7 and find out how much you qualify for with the Home Loans Estimator.

    *Terms and conditions apply

  • What you need to apply

    Divide your existing credit card balance by your credit limit. Multiply that number by 100. The result is your credit ultilisation ratio, a measure of how much of your total available credit you use. It is commonly recommended to keep your total credit utilization rate below 30%.

    Credit Providers consider your credit utilization rate when calculating a credit score for you. This can impact up to 30% of your credit score, depending on the scoring model being used.

    A low credit utilization rate shows you're using less of your available credit. Credit scoring models generally interpret this as an indication you're doing a good job managing credit by not overspending, and keeping your spending in check can help you reach higher credit scores.  Having a higher credit score makes it easier to secure additional credit for example, to take out vehicle finance or a home loan.

    • Recommended income of R25 000 per month
    • Valid bar-coded South African ID
    • Proof of residence
    • Your latest salary advice
    • South African citizenship

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contact us

Need more help?

Get in touch on the 24/7 Premium Line:

0860 109 085

International callers:

+2711 501 5006

Email us at:

premiumbanking@absa.co.za
or 

Visit your nearest branch