You get to pay for your purchases over a period of 6 to 12 months. ABSA Classic Credit Card. As of December last year, Standard Bank was the biggest card lender of the big four banks, with credit card lending of R22,2bn. An Absa credit card is a great credit solution that you should use responsibly. The budget transaction amount is divided by the number of months selected, and every month your credit card payment due will be the sum of the budget amount/transaction repayment premium (plus the associated interest) plus the minimum repayment amount on the straight facility. Benefits of an Absa Credit Card. The Absa Classic Credit Card is a specialised credit card offer that provides affordable credit to individuals above the age of 18 years old, who earn an income of R2000 or more per month. British Airways Credit Card Issued by Absa Bank Limited Reg No 1986/004794/06 Authorised Financial Services Provider Registered Credit Provider Reg No NCRCP7 BA 5762 EX (11/04/2018) 9110936 Credit Card Facility Quotation and Agreement Confidential ... • transactions under our credit card budget facility… But if you use it unwisely - especially the budget facility - you will find yourself in trouble quickly. The budget facility helps the user pay over an extended period of time but charges him interest on the credit used. Get ... Easy instalment plan facility (1.5% monthly interest rate from 6 months to 36 months) Interest-free period of up to 52 days if 100% of the balance due is paid; Worldwide acceptance. The requested site will open in a new window. Using your Credit Card: Credit cards tend to have very high-interest rates – using the budget facility may, therefore, have high borrowing costs attached. You get up to 57 days’ interest-free credit. The minimum repayment percentage applicable to straight payments will not apply. Interest on the budget transaction is charged from day one. Absa credit cards come with rewards. You get to pay for your items over 6 to 48 months. A credit card is designed to be used as a transaction tool to use when you shop. However, you will be charged for doing things that are outside of the credit card’s primary purpose. When you swipe your card, or transact via Contactless, you are not charged a transaction fee to encourage you to use it in this fashion. Up to 57 days interest free period on purchases. Let one of our call centre agents help you get the best account for your needs. During these trying times of COVID-19 it is prudent to use your credit card wisely to keep your head above water. You have access to a budget facility, which you can use to make larger purchases. You can ask your bank or credit card issuer to adjust your credit card budget facility limit to suit your unique … Standard Bank Gold Credit. You get rewarded when you spend. 1. Credit card payment: Up to 48 months repayment terms on your credit card budget facility, with the first 12 months at a prime interest rate. 13 Ending your Credit Facility Your Credit Facility will continue until we or you bring it to an end. It’s important to make sure that you choose the right credit card for your unique individual needs. Absa credit cards come with rewards. You get to pay for your purchases over a period of 6 to 12 months. Consider the cost of interest over the period and whether it makes sense to use the budget facility based on the cost of the item. The budget facility is like taking out a loan when buying every new item and then repaying it … You can spread the payment over a number of months. You can also swipe your credit card when you need to make larger purchases. 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