Increased benefits equals more value for Absa Rewards members

Absa Rewards is a rewards programme that rewards you for simply banking with Absa. It does so by putting cash back into your pocket. The value in the programme is that in addition to the actual cash benefits, customers can enjoy special offers and exclusive deals from selected Absa Rewards partners.

In February 2020, the programme made exciting changes which included 30% real cash back on grocery and fuel spend at selected partners. Absa Rewards also adjusted their score ranges on its tiers to promote stronger engagement with customers, revised the Cash Rewards spend limits and its partner landscape.

Other new additions to the programme is the partnership with Dis-Chem which came into effect on 1 May 2020 where customers can now earn up to 30% in real cash back of their spend on health and beauty products, a crucial benefit in these times of heightened health and hygiene awareness. 

Absa Rewards members can enjoy up get up to 30% real cash back from their grocery partners which comes in handy during these tough times. The grocery partner landscape includes: Food Lover’s Market, Pick n Pay, Woolworths and SPAR. Customers will, however, still earn Cash Rewards from Absa (bank earn) on grocery spend at other grocery retailers.

Another great added bonus for Absa Rewards members on the move is the programme’s 30% cash back benefit when you fill up or shop at Sasol.

Everything you need to know about joining Absa Rewards

• Real cash: You will earn real cash for point-of-sale and online purchases made with your Absa card to spend any way you choose. We use the word cash rewards interchangeably with cash back; 
• No catch: You can earn on all qualifying point-of-sale purchases if all your Absa accounts;
•  are in good standing and your membership fee is paid. There are no further behavioural hurdles that you need to overcome before you can start earning;
• No membership card required to earn: Absa Rewards is easy to use. You simply need to pay with any of your Absa cards; 
• Redeem your Cash Rewards for cash: You can redeem your Cash Rewards for cash anytime, anywhere, using our self-service channels; and
• Multiple channels, 24/7: Your rewards account is easy to access through one of our self-service channels, including the Absa Banking App, Absa Online, cellphone banking (USSD), Absa Rewards contact centre and ChatBanking on WhatsApp. 

Earning Cash Rewards 

You can earn Cash Rewards for qualifying transactions when you pay with your Absa card. Point-of-sale and online qualifying purchases made with an Absa debit card, Absa credit card and Absa cheque card can qualify for Cash Rewards. 

Simple activities to help you move up the tiers 

• Give Absa marketing consent for e-mail, SMS and telephone;
• Provide two valid contact details;
• Choose to receive eStatements over post for all your qualifying products;
• Make five or more beneficiary payments via App, Absa Online, USSD or ATM;
• Make monthly repetitive payments of R250 or into your qualifying Savings and Investment accounts;
• Score awarded if you have met this criterion for two consecutive months (as depicted in the primary rule); and
• Make Absa your go-to bank. Deposit your salary into your Absa transactional account and complete 10 or more transactions or make payments to the value of R32 000 and complete 10 or more transactions. Score awarded if you have met this criteria during the current and previous month.

Some tips and tricks

• If you don’t have a credit card, pay for your online items safely and securely with your debit card and still earn your cash back;
• Don’t miss out on real cash back. Load your debit or credit card on payment platforms such as Snapscan, Zapper, Masterpay, SamsungPay, ApplePay, etc and pay safely and securely;
• You get your real cash back on online and in-store purchases. Always pay with the card that pays to pay;
• You may not be fueling up as often as possible, shop your quick essentials at Sasol and still get up to 30% cash back to buy your daily essentials; and 
• Extend your disposable income at your fingertips. Redeem your Cash Rewards on your banking app into cash, airtime or into the Solidarity Fund – safely from the comfort of your home.

Want to join Absa Rewards? 

• Joining Absa Rewards is simple! You can become a member of the Absa Rewards programme at any time, if you have an active Absa transactional account;
• You must be a South African citizen or resident; and
• You will continue to enjoy the Absa Rewards programme benefits as long as you have at least one transactional account, your account is in good standing and your membership fee is paid every month.