Ooba Credit Card is administered and issued by Absa Bank Limited which is a member of the Barclays Group. The card, a MasterCard, works like a regular credit card and can be used anywhere MasterCard is accepted all over the world. Ooba Credit Card can be used to make cash withdrawals or purchases and it also offers cash back or savings every time it is used at specified ooba card partners. The card’s credit limit will be advised to the cardholder upon successful application.
The Ooba Credit Card is exclusive only to ooba customers or anyone who has previously secured home loan finance through ooba or those who apply for and finalises their home loan through ooba.
The credit card is offered to the primary home loan applicant or joint applicants and when required, additional oobacards may be issued in the name of the applicant’s your spouse and dependents who are over 18 years of age. All additional or secondary cards will be linked to the primary account holder.
Ooba Credit Card Information
| Suitable Income | R4,000 p/m |
| Other Qualifying Criteria | Received a home loan through ooba |
| Debit interest rate | 19.0% |
| Credit interest rate | 0.20% |
| Card Fee | R15.00 p/m |
| Secondary card fee | Free |
| Garage Card | R7.40 p/m |
Ooba Credit Card Fees
| TRANSACTION | FEE |
| Absa ATM Cash Deposit | R1.05 |
| Absa ATM Cash Withdrawal | R3.50 for the first R100 + R1.00 for every additional R100 or part thereof |
| Absa Supported ATM Cash Withdrawal | R6.50 |
| Saswitch ATM Cash Withdrawal | R9.50 |
| Branch Counter Cash Withdrawal (any local bank) | R17.50 for the first R100 then R1.00 per R100 (maximum fee R500.00) |
| Overseas ATM / Counter Cash Withdrawal | R30.00 |
| Branch Counter Cash Deposit Fee | R3.50 per R100 or part thereof |
| Absa ATM Account Payment | R3.50 (maximum R14.00) |
| Branch Counter Fund Transfer | R17.50 |
| Absa ATM Fund Transfer | R3.00 |
| Absa ATM Balance Enquiry | R1.00 |
| Absa ATM Mini Statement | R1.50 |
| Absa Supported ATM Balance Enquiry | R2.95 |
| Saswitch ATM Balance Enquiry | R3.35 |
| Lost Card Replacement | R86.40 |
| Garage Card Transaction Fee | R3.00 |
| Credit Card ‘Swipe’ Transaction Fee | Free |
| SUBSCRIPTION FEES | |
| Internet banking | Free |
| Telephone banking | Free |
| MANAGEMENT FEES | |
| Card replacement fee | R86.40 |
| Card delivery fee | Free |
| PENALTY FEES | |
| Decline Auth Fee | R0.00 |
| Return Payment Fee | R0.00 |
Be sure to compare credit cards offered by other South African banks with the Ooba Credit Card to find out what other options are available to you.
Disclaimer
Please note that the rates quoted above are current from printing and to be used as a guideline only. These rates are subject to change. Please note that Terms and Conditions apply. Contact Ooba Credit Card directly for additional information and to verify fees and charges.