Better offer

I have been a loyal customer with ABSA for many years and received good service from them. My financial situation has improved quite a bit and I am now looking at my finances from a different angle and see where I can save.

I called Absa credit card division today to asked for a better interest rate on my credit card. I was refused stating that 19% (my current rate) is the best they can do. According to the Absa website, personlised rates are offered. 19% is not personalised? I said that I was now forced to go shop around. I was told to do so by the consultant on the phone.

I app**** online at FNB and Standard Bank. Nedbank's online application was just too painful.

FNB's offer was 14,5% interest rate (ref: ********** ********** ) at R48 per month including rewards Standard Bank was 20.5% interest rate (ref:tb-38mlf) at R50.44 per month

I will definitely be exploring FNB's offer and move my banking (loan, credit cards, cheque accounts)

Absa, are you willing to match?

Regards Richard