The Absa Gold Package presents armed with a set of options aiming at satisfying customer’s diverse needs in banking. This package is quite attractive for many as for only R135 per month, the customer gets a gold account, no monthly credit card fee, and membership to Absa Rewards. 

In this article, what we are going to discuss is going to include features, advantages of Absa Gold Package, the credit cards which have been provided by this company and methods of credit limit determination as well as the way you can find this perfect banking product. 

Key information about the credit card 

How does the annual fee work? 

On the same note, one cannot help but be entranced by the fact that this package does not attract an annual fee for the credit card. This particular feature is important as it offers the customer the opportunity to use the credit card without an extra yearly charge. especially to people who care about their wallet and would not wish to be charged other fees, which in some instances can pile up.  

How is the credit limit determined? 

The procedure of defining the credit limit of the Absa Gold Package credit card is based on the estimated value of the financial standing of the customer. Thus, you can find that for the regular credit cards, the bank reviews all the aspects of income, credit check, and overall financial position.

Advantages of the credit card 

• No annual fee: Since there is no annual fee charged for the usage of this card it makes it an economical card. 

• Rewards program: Rewards include cashback and other incentives that you can be rewarded just for shopping. 

• Digital banking: They got the options that enable customers to use the online and mobile banking services with additional functions. 

• Convenience: Fully control your account and its activities in the internet or the app provided by the bank. 

Standout advantage 

Hence, the most valuable offer of the Absa Gold Package credit card is its generous and rather large rewards program. It is also accompanied by cashback and other incentives on every purchase that can be exchanged for related advantages. It also adds value to all the expenditures in the day–to–day spending tendency towards the card and can be regarded as an incentive towards its usage.

Disadvantages 

• Monthly fee: The first one is the Gold Package which goes for a monthly charge of R135. 

• Eligibility requirements: This could be due to the fact that the selection criteria had already been set this would mean that only a certain category of students would apply for the course. 

• Limited premium services: Depending on the choice, some of the services can be missing in this package it is considered premium. 

A standout disadvantage 

The major weakness of the Absa Gold Package is the monthly charges of R135. Nevertheless, this fee provides a lot of services, possibly this fee will become an obstacle in the eyes of potential buyers, who seek for free banking services. For those who do not subscribe to all of the services it takes into the package, they stand to be charged more for the pricing structure unlike the other no-fees banking services in the market. 

Who can apply for this card? 

Before applying for the Absa Gold Package credit card, there are some requirements that must be met by the applicants. Applicants must be at least 18 years, which is relevant to avoiding credit agreement violations by young people who are not yet legally capable of making such decisions.

Further, applicants must be employed, and the bank assesses income flow with a view of evaluating adequacy of applicant’s income levels. Having a good credit history is also a requirement since it shows the applicant’s creditworthiness – how they handle credit. 

How to apply for the Absa Gold Package Credit Card 

For the website 

To open the application for the Absa Gold Package credit card online, first and foremost, visit the official Absa website. Navigate to credit cards and select the gold package. From there, you will be redirected to the online application form. This involves entering basic details, communication information, and some financial details.

After that, you need to complete the form, and once filled out, you must submit it. You will be applying for the product, after which Absa’s credit team will independently assess your application based on the information you provided and will also conduct a credit check. If additional information or statements from the customer are required, this will be communicated via email or phone.

Through the App

In the Absa Banking app, there is a feature on how to apply for the Absa Gold Package credit card, and most people opt for mobile banking. To start, download the Absa Banking app from your device’s app store. Once installed, run it and log in with your credentials.

Using the credit card option, with your credit card logged in, go to the credit card section and select the Gold package. You may also be required to upload your identification details, proof of income, and any other documents you might need to provide directly through the app.

The Absa Banking app has adopted a user-friendly interface through which using the app and subsequent application is easy. Users can view the status of their application in real-time and specify if they need to take any action regarding it.

At the branch

If you wish to visit the bank and open an account, you can open the Absa Gold Package credit card account. With this method, the applicant can talk to a bank consultant and be assisted in completing the form, as well as answering any questions they might have.

To apply in person, you must bring your supporting documents, such as ID, proof of residence, and proof of income. The bank consultant will guide you on how to fill out the application form and also help ensure the form is filled out correctly as needed. After completing this form, the application will then be submitted for review by Absa’s credit team. Then, depending on the status of your application, you will be informed about the next actions to be taken.