FNB Cheque vs Credit Card

[elL0L]

Why would one want a cheque account, if you look at the monthly fee of R100 vs the R40 of the credit card account?

And why would one want a petro card?

 

[Gtx Gaming]

Why would one want a cheque account, if you look at the monthly fee of R100 vs the R40 of the credit card account?

And why would one want a petro card?

You need both to maximize your ebucks

Petro cards are mostly used for business for there drivers etc

You are not going to give your driver a linked credit card to use for petrol

 

[elL0L]

Thanks! And how does it maximize your ebucks?

 

[cyberbob1979]

Debit orders and Salary paid into it and some other things for a start

 

[elL0L]

The only benefit I see is 1000 points for 3 debit orders.

 

[Hamster]

I have the petro card for one reason: AA assistance and "drive me home". I probably have it through my insurance as well but FNB's card that is always on me is just easier.

 

[KleinBoontjie]

Just don't go over on the credit card for long, FNB will kill you with interrest. I think they have the highest interrest on CC than all of the banks.

 

[supersunbird]

Just don't go over on the credit card for long, FNB will kill you with interrest. I think they have the highest interrest on CC than all of the banks.

My FNB CC has the same interest rate as my Nedbank CC (20% after the rate hike, I think). My VirginMoney CC is 15% currently, I think.

 

[KleinBoontjie]

My absa is 14%. My fnb is 23%

 

[Mike Hoxbig]

Just don't go over on the credit card for long, FNB will kill you with interrest. I think they have the highest interrest on CC than all of the banks.

My FNB CC is at 13.5%. Your rate is personalised, as it is with most credit facilities. It's incorrect to say that one bank charges the highest interest on credit cards than other banks, as your mileage may vary...

 

[F1 Fan]

The only benefit I see is 1000 points for 3 debit orders.

Read through the eBucks rules to see how you can maximise your points.

 

[SauRoNZA]

The only benefit I see is 1000 points for 3 debit orders.

You are already misunderstanding how eBucks work.

Those points are only to up your Reward Level. Based on that Reward Level you get a percentage of stuff back in eBucks.

Using your Credit Card gives you double that percentage on every Reward Level.

ONLY Using your Credit Card for swipes also gives you 4000 points towards a higher reward level.

I make R1200+ back from eBucks every month which easily negates the R199 bundled price of the Cheque + Credit Card.

 

[DrJohnZoidberg]

Where do I find the interest rate on the FNB account?

My Absa card is 20% and I have a Virgin Money card which is at 15.25% - don't use these much though.

 

[PsYTraNc3]

While we're on interest rates, is it possible to negotiate the rate?
Mine is currently at 16% on FNB Premier account.

 

[elL0L]

You are already misunderstanding how eBucks work.

Those points are only to up your Reward Level. Based on that Reward Level you get a percentage of stuff back in eBucks.

Using your Credit Card gives you double that percentage on every Reward Level.

ONLY Using your Credit Card for swipes also gives you 4000 points towards a higher reward level.

I make R1200+ back from eBucks every month which easily negates the R199 bundled price of the Cheque + Credit Card.

No, I understand it fully. The only useful points I can acquire to up my reward level is by having three debit orders on the cheque account.

All other points can be acquired by the credit card only. I can therefore instead have a Capitec account for the same purpose.