Absa Gold Credit Card
Absa Gold Credit Card South Africa: credit limit up to R80,000, 57-day interest-free period, Visa rewards, purchase protection insurance included. Review on CreditDeals.
How to Repay Your Absa Gold Credit Card
Repay your Absa Gold Credit Card monthly — pay at least the minimum to avoid default, or the full balance to avoid interest.
Repayment Methods
Debit order (automatic)
Set up a monthly debit order for the minimum payment or full balance via Absa online banking or the app.
Absa app payment
Make a payment to your credit card account directly from the Absa app using any linked Absa account.
Absa online banking
Transfer from your Absa transactional account to your credit card account via internet banking.
ATM payment
Use any Absa ATM to make a payment to your credit card account.
Branch payment
Pay at any Absa branch teller.
Early Repayment
You can pay more than the minimum at any time — even the full outstanding balance. There is no early repayment fee. Paying the full balance by the statement due date avoids all interest charges (55-day interest-free benefit).
Loan Extension
Credit cards are revolving credit — there is no fixed term. You can continue using available credit as you repay. Absa may review your credit limit periodically based on your repayment behaviour and credit bureau information.
Penalties
Missed minimum payments attract default interest and a dishonour fee if your debit order fails. Late payments are reported to TransUnion SA and Experian SA, negatively affecting your credit score. Persistent non-payment may result in the account being handed to debt collection.
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Absa Gold Credit Card — Visit bank
Absa Gold Credit Card South Africa: credit limit up to R80,000, 57-day interest-free period, Visa rewards, purchase protection insurance included. Review on CreditDeals.