FNB announces enhancements to its eBucks Rewards loyalty programme

Why I jump through the "hoops" as some like to call it. It's going to take a knock though with Smartspend being cut in half, but it will still be R40k a year. Takes me about 10 minutes a month to do the "hoops". Add 10 minutes if I need to do a PnP Clothing payment (which is not always needed).

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TiredPlatypus said:
I would not say 95% of people own their own property
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I mean when people buy a home, it's mosty likely bonded and thus, it's an expensive most people have. Many people have a bond (It doesn't need to be a certain value)

Have an FNB Home Loan, FNB Smart Bond or FNB Islamic Home Loan and have a debit order* or salary stop order in place

TiredPlatypus said:
Of the people who do a percent have their bond paid off. A percent are able to get a lower interest rate at another bank.
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Most don't close their bonds unless they reall, really need to. Its cheap access to money and even with a debit order of R100.00pm, you meet the bond requirements as listed above.
TiredPlatypus said:
With insurance FNB is not going to be the cheapest for everyone. It is common for people to get lower quotes or more fit for purpose products from other providers.
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True - but when I looked, the difference between providers wasn't excessive. But insurance with FNB is 1 of 15+ ways to get the points to move up. You could get a salary, pay your Easypay bills via the site, save for a child, link your partner to the app, have a cheque and credit card, maintain a decent credit score ... and you're on level 3.

That's 10% back on ASAP , 5% at Clicks, 5% on Netflx, something like R30.00 a tank of fuel,
TiredPlatypus said:
If FNB gives you the best price on the products you wanted anyway great it makes sense for you. If not you need to subtract the extra cost from your ebucks.
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True - but I think it works for far more people than it works against. Remember you also get eBucks on those products - so using that level 3 examples, 5% back on insurance, 5% back on Life etc so I need to also keep that in mind when looking at other companys.

I get around R2,000pm and the extra 'hoops' is clicking a Track My Rewards button etc
 
Dolby said:
Problem is R50,000 is peanuts for someone like @Smiggles

So time is money ... and 10 minutes is not really worth the effort for only R50,000
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To be fair that's 10 minutes x 12 months = 2 hours a year!!!

Who works for R25,000/hour, it's peanuts? lol
 
Dolby said:
I mean when people buy a home, it's mosty likely bonded and thus, it's an expensive most people have. Many people have a bond (It doesn't need to be a certain value)

Have an FNB Home Loan, FNB Smart Bond or FNB Islamic Home Loan and have a debit order* or salary stop order in place


Most don't close their bonds unless they reall, really need to. Its cheap access to money and even with a debit order of R100.00pm, you meet the bond requirements as listed above.

True - but when I looked, the difference between providers wasn't excessive. But insurance with FNB is 1 of 15+ ways to get the points to move up. You could get a salary, pay your Easypay bills via the site, save for a child, link your partner to the app, have a cheque and credit card, maintain a decent credit score ... and you're on level 3.

That's 10% back on ASAP , 5% at Clicks, 5% on Netflx, something like R30.00 a tank of fuel,

True - but I think it works for far more people than it works against. Remember you also get eBucks on those products - so using that level 3 examples, 5% back on insurance, 5% back on Life etc so I need to also keep that in mind when looking at other companys.

I get around R2,000pm and the extra 'hoops' is clicking a Track My Rewards button etc
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Sure not saying you are personally jumping through onerous hoops but some individuals would need to.

They offered me a materially worse interest rate on my bond and required insurance so putting my bond with them would have cost more.

Their savings and investment products also don't make sense for me and would cost me more then the ones I use.

All in all it is hard for me to get to level 4/5 without doing things I don't want to do. Which I assign a monitory cost to.

I don't believe my situation is rare but also know it works for many people and I would recommend it to material percent of people I am just questioning the comment which if I understood correctly was implying pretty much anyone can get to level 4 easily and it how many people it works for.
 
TiredPlatypus said:
I am just questioning the comment which if I understood correctly was implying pretty much anyone can get to level 4 easily and it how many people it works for
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I said 3 or 4.

FNB gave me 8.5% on my bond in March, which was the 2nd lowest bank. Standard Bank was lower - but it was subject to opening an account with them which took me to more than the FNB offer.

For me, eBucks makes sense and I don’t find it too difficult to accumulate points by doing the bare minimum.
 
Stopped caring about eBucks when they switched from checkers to pnp. If I have to drag my lazy ass to a supermarket it's going to be the closest one and that's Checkers.
 
bwana said:
Stopped caring about eBucks when they switched from checkers to pnp. If I have to drag my lazy ass to a supermarket it's going to be the closest one and that's Checkers.
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No delivery in your area either? Seems a lot of people seem to suffer from lack of delivery.
As you get 30% from ASAP delivery so why would you drag your ass anywhere?
 
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