Absa Bank Plc Visa Classic Credit Card Product Details

Rates available from as of 1st April 2021
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ABSA Bank Kenya Plc
Visa Classic Credit Card
Credit Limit
Up To Ksh100K
Annual Fee
Free
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 existing Absa customers,
  • Minimum net income: Ksh40k for non Absa customers
  • Card Limit: Self-employed Ksh24k
  • Card Limit: Salaried Ksh100k

Benefits

  • No annual fee for life
  • 10% off on all reservations with Bella Safaris (until Feb 2022)
  • 10% off on purchase of any furniture from Istikbal 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

Repayment Details

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

Card Fees

  • Joining Fees: Free
  • Annual Fees: Free

Additional Fees

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

Documents Required

  • Copy of National ID
  • Latest pay slip
  • Bank statement- 3 months
  • One passport photo
  • T&C Link

Money254 Review

Pros

  • No Joining fees required
  • No Annual fees
  • 50 interest free days

Cons:

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

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