Today’s article will discuss the Absa garage card in South Africa.
We will begin by providing a brief explanation of what a garage card is.
WHAT IS A PARKING CARD?
Numerous banks provide clients, especially businesses, with the option of fuel or garage cards.
The card is linked to your business or corporate account so that when you purchase fuel, the funds are automatically deducted.
We will now demonstrate how the card operates.
HOW DOES ABSA GARAGE CARD WORK
The garage card is available to customers with an Absa silver, gold premium, private bank, or wealth account.
Charges for card transactions are made directly to the cardholder’s credit card account.
Only the individual whose name appears on the card can use the Absa business garage card.
Your daily transactions are charged to your credit card account.
In South Africa, this is how the Absa garage card operates.
Now that you understand how the card operates, we will explain the fees associated with having and using the card.
HOW MUCH DOES THE ABSA GARAGE CARD COST IN SOUTH AFRICA?
To apply for the card, a minimum monthly income of R4,000 is required.
Card transactions accrue interest beginning on the date of the transaction.
Each transaction will incur a charge of R6.50.
A monthly fee of R28.50 is associated with silver business accounts.
Private banking and wealth accounts with Absa incur no additional monthly charges.
Other accounts are charged R305 annually for garage card usage.
This is the Absa garage card price in South Africa.
With this information, we will proceed to demonstrate the measures you must take to protect your credit card.
WHAT ARE THE CARD USAGE SAFETY PRECAUTIONS?
Multiple types of card fraud are reported, with the majority involving a compromised PIN or banking information during point-of-sale transactions or at an ATM.
To ensure the security of your card, Absa bank has provided you with a list of precautionary measures.
Below are some tips for using a garage card in South Africa safely:
• Carry the card only when necessary, and never leave it unattended.
• Eliminate expired cards
• Sign brand-new cards with a pen as soon as you receive them.
• Immediately report a lost or stolen card
• Do not use obvious information as a PIN, such as your birth year or date.
• Use caution when giving out your credit card to third parties
• Ensure you retrieve your card after a swipe by a merchant.
These are the most important safety precautions to take in South Africa when using an Absa garage card.