It's a debit card with a built-in overdraft. You get the "convenience" of being able to over-spend without your card getting declined, they get the convenience of having that overdraft paid immediately when your salary comes in, and if you don't keep an eye on it, it can be a nasty debt trap...
It's not that hard, I agree, but in my opinion they have consistently been removing the easy targets over the last few years. Some of the changes made sense - earning more eBucks when using a virtual card is a great way to drive adoption for something many people may have ignored - but this also...
Not sure I follow - percentage-wise an increase takes more of a poor person's budget, but spending-wise, middle-class and wealthy shoppers would be paying the vast majority of the costs here.
If my total spend is R100 and that becomes R105, yes, that's a 5% increase, but I am still only...
FNB definitely makes you jump through hoops for eBucks - it's a bit of admin, but not the end of the world. That said, every annual review adds more hoops and takes away more of the easy options, and the return keeps dropping. Personally I hope this choice bites FNB - they need a wake-up call. I...
When eBucks started it was possibly the best rewards program available to consumers, and it was really worth your while. Every annual update to the eBucks program over the last few years has made it harder for people to reach level 5 and has yielded a reduction in value. FNB doesn't seem to...