-
Join the MyBroadband community
South Africa’s biggest forum. Discuss, discover, and connect with thousands of members.
-
Question of the Day: Do you get motion sick?
Woolworths Credit Card
- Thread starter MB00
- Start date
Hopefully from next month, which will be the next quarter.
This is what was explained to me. I'm also stuck on 3.89%. The goals are easy so I'm not going to complain; it's slightly more than I'd normally earn.
Spend R2000 on clothing.
Spend R4000 on cosmetics.
Get pet insurance.
Take out a loan.
Such BS.
You'll be stuck on your 3.5-4% this way forever. If you want more, they'll add more as per my post above OR they'll add those to do the basic 3.5% and above. You'll soon need pet insurance for 3.8% and then they'll add, debit order for pet insurance, or such BS.
This is WW and they are as slippery as heck.
What. We're jumping through hoops for WW rewards now?
Is this for real? I can’t believe it.
No it's not for real., yet But I presume that to get beyond the 4% to 10%, given the other guy has to BUY balance protection insurance, it's not a far stretch for an assumption.
The basics are:
Opt in for annual credit limit increases
Spend R5000
Buy 5 times
Pay by debit order
and now buy balance protection insurance.
That gets you to 4%.
But they claim that up to 10% cashback is possible.
I have to opt in for BPI, R100 Dash, as well as shop 5x and maintain ALCI which i previously had.
At least max possible earn % increased to 5.5%
New max possible: 4.81% - not going to be possible
Need to:
-ACLI (ticked already)
-Spend R5000 outside of WW
-Shop food 5 times in WW or on the App (no amount specified)
-Opt in the Balance Protection (I have already run quick calcs and I would have to settle in full before each statement but then lose out on interest earned in my savings account and if I time it wrong, they will bill me the BP charge - not going to opt in) {Balance protection is R5.50 per R1000 owed}
Need to:
-ACLI (ticked already)
-Spend R5000 outside of WW
-Shop food 5 times in WW or on the App (no amount specified)
-Opt in the Balance Protection (I have already run quick calcs and I would have to settle in full before each statement but then lose out on interest earned in my savings account and if I time it wrong, they will bill me the BP charge - not going to opt in) {Balance protection is R5.50 per R1000 owed}
My maximum possible is 4.98%: Keep ACLI, Shop 5 times at Woolies food, R5000 outside woolies and BPI.
ACLI and shop 5 times will be fine. Lets see what happens with outside spend. BPI no way, already not thrilled with ACLI as feel like it could increase my risk if fraud happens on my card
So I've reached my ceiling with this I think. Been considering using another card for outside spend anyway since 0.5% doesn't feel like much of a reward.
ACLI and shop 5 times will be fine. Lets see what happens with outside spend. BPI no way, already not thrilled with ACLI as feel like it could increase my risk if fraud happens on my card
So I've reached my ceiling with this I think. Been considering using another card for outside spend anyway since 0.5% doesn't feel like much of a reward.
What's the issue with BPI? It will only charge you if you don't settle your statement balance by the due date? That is standard (unless you want to pay interest) and you should have a debit order setup to settle the statement balance anyway. I opted in for it.
As far as I understand it, they charge you R5.50 for every R1000 of credit used, whether it is due for settlement per the statement or not.
Mine says opt in for at least 3 items and BPI is one of them which I will never do, so in theory I can do that
