FNB cuts prices for smart device range

https://www.fnb.co.za/downloads/onl...NB_Credit_Card_and_CBS_Ts_and_Cs_Combined.pdf

FNB Credit Card
Smart Device Discount Terms and Conditions
01 October 2012

1. You will qualify to get R50 (Discount) off your Smart Device offer if you meet the following
qualifying criteria;
1.1 You open a cheque account with FNB and qualify for a Smart Device; and
1.2 You apply and qualify for an FNB Credit Card; and
1.3 The credit card approved must be either a Gold, Platinum, Private Clients Credit Card
only and you must have activated your approved credit card; and
1.4 You must spend a minimum amount per month (dependant on product held as
illustrated below) on your credit card at a point of sale device. (This means that cash
withdrawals and cash transactions including EFT’s do not qualify):
1.4.1 Gold Credit Card: R1 500 per calendar month
1.4.2 Platinum Credit Card: R5 000 per calendar month
1.4.3 Private Clients Credit Card: R10 000 per calendar month; and
1.5 You must have an AutoPayment Solution loaded to pay your FNB Credit Card.

2. You will qualify for R100 (Discount) off your Smart Device if you meet the additional qualifying
criteria:
2.1 If you meet all the qualifying criteria of clause one above; and
2.2 You switch a non FirstRand Bank credit facility with a minimum balance of R10 000
onto your new FNB Credit Card budget facility for a minimum of 24 months or for
existing customers you need to take up a Balance Transfer on your FNB Credit Card
for a minimum balance of R10 000;
2.3 You agree to be bound by all the switching terms and conditions (new customers) or
Balance Transfer (existing customers), which means you must settle and close the
agreed accounts nominated in the switching process;
2.4 You must provide proof of the closure of the facilities settled.

3. How the Discount will be paid to you:
3.1 The Discount will be paid into your FNB Cheque Account.
3.2 Your FNB Cheque Account will be credited on the 25th of each month.
3.3 The Discount will be paid for remainder of your Smart Device deal term or for a
maximum period of 24 months.

4. You will only get one Discount per person.
First National Bank – a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider (NCRCP20). Reg. No. 1929/001225/06.

5. We will stop paying the discount to you;
5.1 When you settle your Smart Device deal; or
5.2 Upon expiry of the 24 months period.

6. Important please note you can lose this discount.
6.1 You will lose the Discount for each month that your;
6.1.1 FNB Credit Card Account is 1 month in arrears; or
6.1.2 FNB Credit Card is over limit;
When you have rectified the above your discount will be reinstated. You will not be
reimbursed for the months you were disqualified from receiving the Discount.
6.2 You will lose the Discount permanently;
6.2.1 If you go under Debt Counselling; or
6.2.2 When you are 2 or more months in arrears.
6.2.3 Your FNB Credit Card goes legal and your account is handed over to attorneys for
Collections; or
6.2.4 You do not settle and close your accounts nominated in the switching process or you
do not provide proof of account closure of the nominated accounts.

7. FNB Credit Card is only giving an additional discount on your Smart Device deal and are not
selling any Smart Device phones directly to you. FNB Credit Card cannot assist with any
technical issues or complaints with your Smart Device.

8. You agree to be bound by these terms and conditions as well as the Smart Device terms and
conditions for your FNB Cheque Account.

9. FNB Credit Card can amend these terms and conditions at their discretion from time to time.
We will notify you of any changes.
Click to expand...
 
scuzzy said:
So this only applies to new clients?
Click to expand...

Check the first post:
QuintonB said:
New and existing FNB cheque and credit card customers can now qualify for an additional discount on the bank’s smartphone, tablet and laptop range.
Click to expand...

I see they finally added iPhones as well, I was waiting for that at a stage but it never happened so I bought one. Now I want the Note 2 and they still only have the Note 1... hopefully they change that soon and then I will give my S3 to the wife and get myself a Note 2 :D
 
dont see this applying to existing clients who already have taken a deal.

yet another example why you dont get into a 24 month contract. even this one, coz in 6 months time they will be giving them away in party packs and all the people buying THIS special will be crying as well

same principle as mobile data and vodacom ripping everyone off with their "specials" :rolleyes:
 
"1.4.2 Platinum Credit Card: R5 000 per calendar month"

Guess I screwed myself over in certain aspects going for platinum then. Spending R5,000 on your credit card every month is no small task simply to apply for R50-R100 discount.
 
Hmmmmm the samsung pocket is R45 per month so majority of people will qualify for the R50 discount, so basically FNB will pay us R5 to take out that contract????
 
Scoperzor said:
"1.4.2 Platinum Credit Card: R5 000 per calendar month"

Guess I screwed myself over in certain aspects going for platinum then. Spending R5,000 on your credit card every month is no small task simply to apply for R50-R100 discount.
Click to expand...

Exactly what I was thinkin! The interest on that amount alone is more than the discount you seek, so whats the point?
 
Novel said:
Exactly what I was thinkin! The interest on that amount alone is more than the discount you seek, so whats the point?
Click to expand...

55 day interest free period no longer applies?
 
Scoperzor said:
"1.4.2 Platinum Credit Card: R5 000 per calendar month"

Guess I screwed myself over in certain aspects going for platinum then. Spending R5,000 on your credit card every month is no small task simply to apply for R50-R100 discount.
Click to expand...

I've been a platinum customer for a few years and I don't have (or have ever had) a credit card from FNB. I do have a cheque card with the Visa facility however so that obviously counts as spend, but it is still a debit card.

Edited for Clarity.
 
techead said:
dont see this applying to existing clients who already have taken a deal.

yet another example why you dont get into a 24 month contract. even this one, coz in 6 months time they will be giving them away in party packs and all the people buying THIS special will be crying as well

same principle as mobile data and vodacom ripping everyone off with their "specials" :rolleyes:
Click to expand...

lol the 3rd word of the article confirms that existing customers qualify ;)
 
Richardxtc said:
Hmmmmm the samsung pocket is R45 per month so majority of people will qualify for the R50 discount, so basically FNB will pay us R5 to take out that contract????
Click to expand...

buy 1 million :-)

ask for discount too nice monthly profit.

Sell the 1 million for R20 each and make a nice bit of money.


"You will only get one Discount per person." - well played FNB
 
Last edited:
there's always a catch....you have to spend r1500 on that cc to qualify.....corporate shenna****ns...
 
So does this still mean I am not able to get another device whilst im still paying off the one I currently have? Also how do you go about settling the device?
 
Endzeut said:
So does this still mean I am not able to get another device whilst im still paying off the one I currently have? Also how do you go about settling the device?
Click to expand...

I am in the same boat.
Don't know why they won't let us take more than one device.

If you want to pay up early, you have to pay the difference between the retail price (not the FNB discount) and what you have paid already.
 
I was in the process of getting a smart phone from them but ended up canceling. Not prepared to wait 3 weeks for my phone when I can walk into any cellphone shop and walk out with the phone and only pay R50-R100 more per month...
 
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