Are eBucks worth it?

Foxhound5366

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Oct 23, 2014
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So like most FNB customers, I see eBucks as a neat little bonus ... every so often I have enough of them (as a result of just living life normally) to buy a present for myself or my wife, and that's fun. I don't see any harm in it, because it really is 'money for nothing' ... so long as I don't do anything proactive to earn eBucks, I can enjoy them with a completely clean conscience.

However, as some threads here on myBB show, there are some people who are *very* serious about eBucks, and have seriously complex mathematical systems to boost eBucks rewards.

For these people, I just have a simple question: is it worth it?

I mean, at the end of the day, what sort of percentage saving are you earning by proactively pursuing eBucks, compared to a life without any eBucks?

My basic presumption is that eBucks, '50% off sales' and all the rest of promotions are just loaded means of getting consumers to spend money that they wouldn't have otherwise. eBucks appears particularly like that, where you end up having to spend increasing amounts of real money in order to win fake money back.

Side-note: I'm wondering whether the percentages of savings here are as high as on that American show, 'Extreme Couponing', where people end up doing whole shopping sprees on vouchers and sometimes getting money *back* at the till (the ultimate shopper's dream). I somehow doubt it.
 

Sinbad

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Jun 5, 2006
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I get 3-4k worth of Makro vouchers with ebucks most months.
You tell me if that's worth it?
 

buyeye

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Nov 28, 2010
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If you look at some of the hoops they actually help you save. Like those reward points for having investment accounts.
 

Foxhound5366

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Oct 23, 2014
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I get 3-4k worth of Makro vouchers with ebucks most months.
You tell me if that's worth it?
I dunno, you tell me. Are you having to spend R5 000 on stuff you wouldn't otherwise have, if it wasn't to get eBucks?
 

Sinbad

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Jun 5, 2006
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I dunno, you tell me. Are you having to spend R5 000 on stuff you wouldn't otherwise have, if it wasn't to get eBucks?

Hell no. Not at all.
I don't think I spend any extra money at all over what I'd normally spend, to earn the ebucks.
 

Hamster

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Aug 22, 2006
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42,928
Some of those hoops require you taking credit with the bank (loans etc.) unless it changed last October.
 

Hamster

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Aug 22, 2006
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Well I can't buy a house cash ... ;)


Lol, no but if you take out a loan because you need it and you get eBucks for it, yay! If you spend money on your budget facility to gain points..not so yay.
The house always wins. Always.
 

AchmatK

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Dec 8, 2009
Messages
10,049
I don't jump through any hoops and earn R4.5k in Makro Vouchers every month and free 4mb uncapped adsl.

Only major change I did was to move my spending from my cheque card to my credit card but not spending any money I would not normally have spent. Credit card gets settled every month so no interest there.
 

Arthur

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Aug 7, 2003
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26,880
So how do FNB fund this? It must come from your pocket in some way...
 

air

Expert Member
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May 19, 2005
Messages
3,187
FNB, by changing our banking behaviour, allows them to run a very tight ship and save money. By pushing spend to CC, they score high interchange fees. Plus, those that don't settle fully every month pay high interest rates. The above(earn) examples are exceptions/outliers.
 

supersunbird

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Oct 1, 2005
Messages
60,142
Worth it if its for free, not worth it is you have to pay R200 per annum for it (like with my FNB Gold Credit card), so I cancelled it.
 

AchmatK

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Dec 8, 2009
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10,049
Worth it if its for free, not worth it is you have to pay R200 per annum for it (like with my FNB Gold Credit card), so I cancelled it.



Please explain how paying R200 per year to potentially get back R3k - R5k per month is not worth it?



My total bank fees across all my FNB products is about R400 per month. The free uncapped adsl account already pays for this. If I moved all my banking to another bank my fees would not drop that much and I would need to start paying for my adsl and not get R4 500 in Makro vouchers every month.
 

Hamster

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Aug 22, 2006
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42,928
Worth it if its for free, not worth it is you have to pay R200 per annum for it (like with my FNB Gold Credit card), so I cancelled it.


Yeah...no. I do nothing special and I get about 3000eB/R300 per month
 

supersunbird

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Oct 1, 2005
Messages
60,142
Please explain how paying R200 per year to potentially get back R3k - R5k per month is not worth it?



My total bank fees across all my FNB products is about R400 per month. The free uncapped adsl account already pays for this. If I moved all my banking to another bank my fees would not drop that much and I would need to start paying for my adsl and not get R4 500 in Makro vouchers every month.

I would not be using the card enough, and even what I swipe monthly if I did my banking over the card is not that much, like R5000pm on swiping. Debit orders and internet transfers which is much more don't earn me anything.

Anyway, I was just saying it doesn't work for me, it might work for some. If it was free I'd swipe with my Gold CC in a heartbeat. Till then my Capitec card gets swiped.
 

SYNERGY

Executive Member
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Jul 13, 2007
Messages
6,010
Definitely well worth it.

How can you beat 15% back from Checkers?

Or purchasing vouchers (Checkers,Makro etc) with ebucks upto 40% off? R1000 voucher costs R600
 
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