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.

Key Takeaways

Student credit cards are designed for college students and are generally easier to get than other kinds of credit cards. The issuer may ask for proof of enrollment and of your income. Depending on your age and income, you may need a co-signer to qualify.

What you need to open your account. Proof of residence not more than three months old (e.g. proof of registration at a tertiary institution on their letterhead indicating your name and surname, an address and signature of a mandated official or a utility bill or cell phone statement).

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. For example, there's no credit score required to apply for Discover student credit cards.

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.)

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.

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

If you are under the age of 21, you may be required to find an adult, typically a parent or guardian, who's willing to co-sign your application. Creditors use the co-signer's credit history to approve the student account. The co-signer then acts as additional insurance for the card.

Youth and student accounts are free. Absa Transact, Gold Value Bundle, Premium, and Private Banking will have no monthly increases. All while still offering a range of the best financial services.

Does Absa have a WhatsApp number? ›

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.

Yes, you can get a credit card even if you're a student with no regular income.

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 an ISIC card is just as easy as getting any student ID card from the university. You can get your card through their online system or through their local card issuers. Just apply with your documents, pay for the card through PayPal or your credit card, and you'll get your card within a week or two.

Credit card issuers are required by law to respond within 30 days, but online applications may be approved in a few minutes.

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.

Many people who apply for credit cards get approved or declined as soon as they complete the application, but not all credit card applications are immediately approved.

However, some merchants – or, more accurately, the payment processors operating on their behalf – may not capture the payment for several hours, or even days. (Though not too many days – most card authorizations expire after five to 10 days, so capture will always happen before then.)