Upib Banking App Upib Online Banking WhatsApp Banking USSD Banking (1202272#) Self-service (Dial 0861788888 option 1) ATM
Upib Rewards
Grocery
Earn up to 30% real cash back, depending on your Rewards Tier at Food Lover’s Market, Pick n Pay and Woolworths.
Fuel
Earn up to 30% real cash back, depending on your Rewards Tier when you fill up or shop at Sasol.
Health and Beauty
Earn up to 30% real cash back, depending on your Rewards Tier on health and beauty purchases at Dis-Chem.
Partners
Earn up to 30% real cash back, depending on your Rewards Tier at Rewards partners.
Cash back
Earn real cash back on all other Upib card purchases from Upib Rewards.
Digital Lifestyle
Earn up to 30% real cash back, depending on your Rewards Tier with our Digital Partners.
Qualifying Engagements required to earn monthly Cash Back as a Rewards member
Rewards members are required to meet a minimum of five (5) engagements per accrual period each month to earn cash back.
If you perform fewer than five (5) engagements in a given accrual period, you will not earn Cash Rewards for that period.
The following events constitute an Engagement:
Banking App logins (minimum of 3 per month)
Digital Lifestyle voucher purchases
Completion of a Upib Advantage challenge (minimum of 2 per month)
Deposits into a qualifying Transactional Account
At least one of the following transaction types:
Cash withdrawals
Cheque withdrawals
Transfers out
Debit orders out
Point of Sale transactions (including digital wallets and device payments)
Prepaid airtime purchases
Authenticated early debit orders
Non-authenticated early debit orders
Internet real-time debits
CashSend transactions
Bill payments
Own defined payments
Prepaid electricity purchases
Purchase and Cash withdrawal at POS
Cash Passport purchases
Exclusions:
Inter-account transfers are excluded from qualifying engagements.
Customers under the age of 55 cannot move beyond Tier 1 unless they have downloaded and registered on the Upib Banking App.
Banking Products
There are 14 product categories that you can take up. These contribute towards your Rewards Tier.
Category Product Category Monthly Score
Transactional product categories Transactional savings account and/or cheque account without an overdraft 100
Transactional cheque account with an overdraft limit of R2,000 and more150
Credit card with a debit order towards monthly repayments and at least 50% of the monthly spend comprised of card spend (excluding EFT and inter-account transfers)50
Credit card with a debit order towards monthly repayments and at least 50% of the monthly spend comprised of card spend (excluding EFT and inter-account transfers) and a cheque account65
Non-transactional product categories Home Loan or Universal Loan product with a minimum outstanding balance of R50,000 and a debit order towards monthly repayments 85
Upib Vehicle and Asset Finance with a minimum outstanding balance of R5,000 and a debit order towards monthly repayments55
Personal loan with a minimum outstanding balance of R5,000 and a debit order towards monthly repayments55
Maintain a combined monthly average balance of R5,000 – R999,999 in a qualifying Savings and Investment Account55
Maintain a combined monthly average balance of R1 million or more in a qualifying Savings and Investment Account110
Wills (in safe custody with Upib and Upib as the appointed executor)10
Maintain a monthly average balance of R15,000 – R99,999.99 in a qualifying Foreign Currency Investment Account45
Maintain a monthly average balance of R100,000 or more in a qualifying Foreign Currency Investment Account85
Insurance product categories Active short-term insurance product 15
Active long-term insurance product15
The Bank Earn Model has been changed from a percentage-based model to a fixed-value model.
The fixed-value model table illustrates the maximum qualifying spend value assigned to each tier level.
There will no longer be a distinction between the Earn Rates for Debit and Credit Card spend.
To see our new Bank Earn tables and how much you can earn based on your Rewards Tier, click here.
MCCP & Partner Earn
The percentage of Cash Rewards you can earn is determined by your Rewards Tier, which is calculated monthly based on the products you have and the way you bank. You will also enjoy higher earn rates when you use your credit card.
Customers under the age of 55 cannot move beyond Tier 1 unless they have downloaded and registered on the Upib Banking App.
Rewards Tiers
Tier Score Range
Tier 1 0 – 499
Tier 2 500 – 599
Tier 3 600 – 699
Tier 4 700 – 799
Tier 5 800+
Cash Rewards – Multi-Currency Cash Passport (MCCP)
Tier Earn Rate
Tier 1 0.25%
Tier 2 0.50%
Tier 3 0.80%
Tier 4 1.00%
Tier 5 1.25%
Cash Rewards from Upib (SME Earn)
Debit Card Spend
Tier 1: 0.15%
Tier 2: 0.25%
Tier 3: 0.30%
Tier 4: 0.35%
Tier 5: 0.40%
Credit Card Spend
Tier 1: 0.20%
Tier 2: 0.40%
Tier 3: 0.75%
Tier 4: 0.95%
Tier 5: 1.15%
Cash Rewards at Grocery Partners (Grocery Earn)
Debit Card Spend
Tier 1: 0.15%
Tier 2: 0.45%
Tier 3: 0.50%
Tier 4: 1.50%
Tier 5: 4.50%
Credit Card Spend
Tier 1: 0.20%
Tier 2: 0.65%
Tier 3: 1.25%
Tier 4: 6.25%
Tier 5: 30.00%
Cash Rewards at Sasol (Fuel Earn)
Debit Card Spend
Tier 1: 0.15%
Tier 2: 0.45%
Tier 3: 0.50%
Tier 4: 1.50%
Tier 5: 4.50%
Credit Card Spend
Tier 1: 0.20%
Tier 2: 0.65%
Tier 3: 1.25%
Tier 4: 6.25%
Tier 5: 30.00%
Cash Rewards at Dis-Chem (Health & Beauty Earn)
Debit Card Spend
Tier 1: 0.50%
Tier 2: 0.65%
Tier 3: 0.75%
Tier 4: 2.00%
Tier 5: 4.50%
Credit Card Spend
Tier 1: 1.00%
Tier 2: 1.50%
Tier 3: 2.50%
Tier 4: 6.50%
Tier 5: 30.00%
Spend Limits for Cash Rewards
Cash Rewards from Upib
Wealth Customers → R75,000
Private Bank Customers → R50,000
Premium Customers → R25,000
Gold Customers → R15,000
Cash Rewards at Grocery Partners
Earn up to R4,000 in qualifying grocery purchases per accrual period.
Non-card transactions → cashback on full R4,000.
Card-present transactions → cashback capped at R3,000.
Purchases above the spend limit will count towards Bank Earn (30% of total spend or R3,000, whichever comes first).
Cash Rewards at Sasol
Same rules apply as groceries (limits apply, excess counts as Bank Earn).
Non-Sasol fuel & convenience store spend
0.15% flat rate → now contributes to Bank Earn (not Fuel Partner Earn).
Cash Rewards at Dis-Chem
Purchases above the spend limit will count towards Bank Earn (30% of total spend or R3,000, whichever comes first).
Cash Rewards at Rewards Partners
Earn up to 30% real cash back when you use your Upib card at selected Rewards Partners (in-store & online).
Each partner offers a different earn rate based on their offering.
Find the updated list of all partners and offers [here].
Additional Benefits
Automatic Credit Limit Increase (ACLI) → Rewards members who sign up for an annual ACLI on their credit card (with marketing consent) will earn a 30% Cashback Bonus on all qualifying spend for the month ACLI is applied. (Once per year. Excludes boosted/bonus earn).
Idle Balance Recovery → R10 will be deducted monthly from Rewards Accounts inactive for 3 consecutive months, until the balance is depleted.
The accrual cycle (also known as the accrual period) is the period of your spend during which you accumulate Cash Rewards.
The cycle begins on the 16th of every month and ends on the 15th of the following month (both dates inclusive).
Scores are calculated on the last day of every month.
Any products taken up during the current accrual period to move up a tier will be allocated in the next accrual period.
Accrual Period Timeline
Event Date Month
Start of accrual period 16th Month 1
Tier calculation for current accrual period Last day of the month Month 1
End of accrual period 15th Month 2
Pay-out of Cash Rewards 1st of the following month Month 2
-
01How to redeem
-
02What to redeem into
You can redeem your Cash Rewards for: Cash into your Transactional account Vouchers Donation to one or more of these charities: Red Cross Children’s Hospital, Child Welfare Society Reach For a Dream, Nelson Mandela Children’s Hospital, BirdLife Rays of Hope Qhubeka Foundation Do More Foundation Joint Aid Management Sesego Cares Blind Loyalty
-
01The Kid Zone and My Telnet Exit
The Kid Zone and My Telnet will no longer be Rewards Partners from 15th of May 2024.
-
02Zero membership fees, no counting points, just real cash back
We have made some incredible changes to our Absa Rewards programme to give you real everyday value that ensures that with every spend at one of our partner stores you will get real cash back in your pocket. For more information click here
-
03Bolt exit
From 15 March 2024, Bolt Ride will no longer be our Rewards Partner. You can, however, as an Upib Rewards member earn up to 30% Cashback if you buy Uber vouchers through your Upib Banking App. Partner terms and conditions apply.
Please note: To provide our products and services, we collaborate with other companies, some of which may use our branding. Our Privacy Policy does not apply to these companies’ websites. For their privacy policies, please refer to the respective service provider’s site.