How to apply for the Absa Bank Student Credit Card? (2024)

FAQs

How long does it take for Absa to approve a credit card? ›

Hi Ricardo, thanks for reaching out to us. Credit card applications take up to 7 days to finalise.

Due to the Credit Card Act of 2009, it can be hard for people younger than 21 to get a student credit card without a parent co-signer unless they have sufficient independent income, and many issuers of student credit cards don't allow co-signers.

Student credit cards are designed specifically for college students and don't usually require a credit score to qualify. This likely makes them the most appropriate credit card for students with no credit history.

Student credit cards can be easier to get than other cards, but approval isn't guaranteed. Card issuers review the information on your application and check your credit history and income. You can be denied for a wide range of reasons, including poor credit or a lack of income.

While a higher income will generally give you a better chance of being approved for a credit card, there's no set amount of income that will guarantee approval. As stated above, what matters to the issuer is that you can afford minimum payments on your credit card.

Most student credit cards will have a limit of less than $1,000, with some issuers providing an initial limit of just $500.

With a Student Account, you pay no monthly fee while you study, along with unlimited card swipes, the ability to manage your money 24/7 and a range of value-added services. Zero monthly fees on your student account. Earn cash rewards, more perks and prepare for the next stage of your life.

Does Absa have a WhatsApp number? ›

How to apply. WhatsApp “Hi” to Absa ChatWallet (086 000 2428) to get started.

*Nedbank charges R10 for instant payments up to R3,000 and R49 for payments over R3,000. **Standard Bank charges R10 for instant payments under R2,000 and R50 for payments of R2,000 and above. ***Absa charges R10 for instant payments up to R1,000 and R49 for payments over R1,000.

Student cards offer easy approvals to those with no credit

Some student credit cards — including the Discover it® Student Cash Back — don't require a credit score to apply, and most have more lenient income qualification requirements.

Student credit cards are designed for college students with little to no credit history, and are tailored to suit students' unique financial situations—even students with no income. Since they typically provide lower credit limits, student credit cards may allow more flexibility in their applicant qualifications.

Student credit cards are designed specifically for students, who typically lack the kind of established credit history that other traditional credit cards require. Because of this, the underwriting on student cards tends to be more lax, meaning in some cases you may be able to qualify with no credit.

Getting approved for a credit card can be a fairly quick process — sometimes taking just seconds. Other times, it can be much slower, with issuers making you wait up to 30 days. Once approved, you'll typically receive your card within a week, though some issuers will get it to you earlier or later than that.

Whether you're a new customer waiting for your physical card to arrive, or you don't have your card with you, use the details found on your Absa Banking App to pay online. You can also load your card details onto digital payment service apps like Apple Pay, Bolt and Samsung Pay.

You can check your credit card application status by calling the customer service number for the issuer. Most credit card issuers also let you check your application status online. (In some cases, this is an option only if you applied for the card online.)

Major credit card issuers will often instantly approve you for a card, though this isn't guaranteed. Many credit cards that boast instant approval are targeted toward people with bad credit or no credit, and may come with high fees and APRs.