ABSA Bank Kenya Classic Rewards Credit Card Product Details

Rates available from as of 1st April 2021
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ABSA Bank Kenya PLC
Classic Rewards Credit Card
Credit Limit
Up To ksh100k
Annual Fee
Ksh3k
Interest Rate
3.99% per month
Interest Free Days
50 days
Min net income of Ksh40k to apply
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Payment Network

Visa

Card features

  • Minimum net Income: Ksh20k for Absa Customers
  • Minimum net income: ksh40K for Non-Absa Customers
  • Card Limit: Up to Ksh24k for self employed.
  • Card Limit: Up to Ksh100k for salaried

Benefits

  • Enjoy 0.5% cashback rewards on all your purchases, discounts from 100+ local merchants - from dining to travel to electronics
  • 10% off on all reservations with Bella Safaris (until Feb 2022)
  • 10% off on purchase of any furniture from Istikbal Furniture Nakuru ( until Feb 2022)
  • 30% off on all treatments and products at Exuviance Professional, Lavington (until March 2022)
  • Choose from three discounted insurance premiums from as low as ksh194 and enjoy travel and accident covers, card skimming, loss at ATM protection
  • Choose from three discounted insurance premiums from as low as ksh194 and enjoy travel and accident covers, card skimming, loss at ATM protection

Repayment Details

  • Monthly Interest: 3.9%
  • Interest free period: 50 days
  • Minimum Repayment amount: 5%

Card Fees

  • Joining Fees: Free
  • Annual Fees: ksh3000

Additional Fees

  • Cash advance Fees: 6.5%
  • Late Payment Fees: 10%
  • Over the limit Fees: 6%
  • Supplementary Card Fees: ksh2000
  • Card Replacement Fees: Free

Documents Required

  • Absa Customer
    • Copy of national ID
    • Latest pay slip
  • Non-Absa Customer:
    • Copy of national ID
    • Latest pay slip
    • Bank statement- 3 months
    • One passport photo
  • T&C Link

Money254 Review

Pros

  • No Joining fees required
  • Free card replacement( after loss of old card)
  • 50 interest free days

Cons

  • Relatively high monthly interest of 3.9%
  • Late payment fees of 10%

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