Went to FNB branch today to upgrade to Fusion, Wanted face to face interaction as opposed to telephonic...
I have the Premier account with no credit card so wanted to get fusion and then addon credit card for that extra saving. Started the application and system say I qualify for Fusion but only on Private Wealth... Offered me a good interest rate of 13.25%, My standard bank credit card is currently on 15%, so some savings. Consultant tried a few things to get me the Premier fusion but no win, system only offered Premier Wealth. I think FNB just wants to make more money from Fees as I'm not even close to minimum earnings for the Wealth option.
After some time, Consultant recommends I upgrade to the Wealth and next month downgrade to Premier Fusion. Will take a week for the downgrade but I will be on a Fusion plan, so did the upgrade. I previously had a credit card with FNB and for some reason the system didn't allow for a new application as that card was still reflecting on my profile but as settled. Hoping that will be removed in the next few days
Question is, When I downgrade from Wealth to Premier, Will my personalized interest rate remain the same?
Also has anyone encountered issues when downgrading? let me know your experience