Amalgamated Banks Of South Africa ( ABSA ) Rewards

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Amalgamated Banks Of South Africa ( ABSA ) Rewards

From cash back to bonus benefits, Absa Rewards makes getting more even better. Not only will you get rewarded for the products you have, but also for the way you bank. What are you waiting for? Start enjoying the world of Rewards today.
Cash Rewards

Choose the way you want to spend your Rewards, from cash to airtime and more.

Get cash back

Get cash back from swiping your Absa card.

Bonus benefits

Get access to value adds, just for being an Absa Rewards member.

No membership card

Simply swipe your Absa debit or credit card to earn Cash Rewards.

  • How to earn
     
To join Absa Rewards, all you need is an Absa transactional account or credit card. You’ll earn when you swipe at stores – in store or online – and even get cash back from selected partners.
Swipe

As much as 1.5% in cash back for in-store purchases

Fuel

As much as 15% cash back at Sasol forecourt and convenience store

  •  How to earn more Rewards
Boost your Cash Rewards and move up a tier by adding products or improving the way you bank. You’ll be a top tier earner in no time!
These seven banking products can help you move up a tier:
Banking Products
Category Product type Monthly Score
Transactional Savings and/or cheque account without an overdraft 100
OR Cheque account with an overdraft 170
Credit card 50
Non-transactional Home loan 150
Absa vehicle and asset finance 60
Personal loans 70
Savings and investments including Unit Trusts 15
These five banking activities can help you move up a tier:
Banking Activities
Category Activity type Monthly Score
Bank digitally
 Receive monthly eStatements (email) instead of paper ones for the products that contribute towards your tier. 25
Make five or more online beneficiary payments via Absa Online, Absa banking app, ATM and USSD during the month. 40
Keep in contact Ensure you have valid contact details for at least two of the following: Cell number, email address, Home/work number. 25
Marketing consent Give marketing consent for at least two of these channels: SMS, email, telephone. 25
Use your account Deposit your salary into your Absa account and complete 10 or more transactions.
(Score awarded if you have met this criteria during the current and previous month)		 270
  • Cash Rewards from Absa
The percentage of Cash Rewards you can earn is determined by your Rewards tier, which is calculated monthly based on the products you have and the way you bank. You will also enjoy higher earn rates when you use your credit card. View our terms and conditions for more information regarding the accrual period, qualifying purchases and exclusions.
Rewards tier
Score range
Earn rate: Debit card
Earn rate: Credit card
Tier 1 0 – 479 0.25% 0.25%
Tier 2 480 – 579 0.30% 0.50%
Tier 3 580 – 679 0.45% 1.00%
Tier 4 680 – 779 0.70% 1.25%
Tier 5 780+ 1.00% 1.50%
  • Cash Rewards at Sasol

 

Earn cash rewards every time you fill up or make purchases at Sasol. You will also increase your earning rate just by using your credit card.
Please note that this excludes bill payments, pre-paid airtime, electricity and lotto purchases. You will only earn cash rewards on the first R3 000 (three thousand rand) that you spend at Sasol during the accrual period.
Rewards tier
Score range
Earn rate: Debit card
Earn rate: Credit card
Tier 1 0 – 479 1.00% 1.00%
Tier 2 480 – 579 4.00% 5.00%
Tier 3 580 – 679 5.00% 5.50%
Tier 4 680 – 779 6.00% 6.50%
Tier 5 780+ 7.50% 15.00%
  • Cash Rewards from partners

 
Use your Absa debit or credit card at any one of our partners and you’ll earn a percentage of your purchase amount back in Cash Rewards.
See all partners

  • Exceller Private Banking and Marhaba clients

 
You will automatically start on tier 3 but you also have the opportunity to move up.
Example: If you haven’t accumulated the minimum score (namely 580) to qualify for tier 3, you will still be in tier 3. If you have accumulated a score of 700 you will earn on tier 4.

Partners

As much as 20% cash back from over 40 partner Get rewarded for your everyday shopping and banking

To find out more about Absa Rewards, click here to view our terms and conditions.
  • Redeem rewards
Get cash in your account

Have the value in your Absa Rewards account paid into your Absa cheque or savings account.

Get airtime vouchers

Exchange your cash rewards for prepaid airtime vouchers from Telkom Mobile, Telkom, Cell C, Neotel, MTN, Virgin Mobile or Vodacom.

Transfer to a Unit Trust or TruSave account

Redeem your Cash Rewards, transfer them to an Absa Unit Trust or TruSave account and watch your Rewards grow.
It will take up to four working days for the redemption to reflect in your unit trust account. A minimum redemption value of R200 (per redemption) applies to Cash Rewards redeemed and transferred to an Absa Unit Trust Account.
Standard Absa Rewards and Unit Trust terms and conditions apply.

Donate to a charity

Make a difference by having cash rewards paid out to one or more of these charities:

  • Johannesburg Child Welfare
  • World Vision
  • Sesego Cares
  • Nelson Mandela Children’s Hospital
Exchange for a shopping voucher

Exchange your well-deserved Cash Rewards for shopping vouchers at a participating shopping mall. We’ll send a unique SMS voucher* to your cellphone, allowing you to obtain your gift card at the mall of your choice:

  • Sandton City
  • Eastgate
  • Liberty Promenade
  • Liberty Midlands Mall

*SMS vouchers are to be exchanged for the gift card within 3 months. The minimum redemption value is R50 and the maximum is R5 000.

Partner redemptions

Exchange your cash rewards to increase your value at our partners.