faniebraai
RIP
Seems it will launch on the 1st of next month.
oh, article said June
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Seems it will launch on the 1st of next month.
Can't you just transfer money from your credit card to your debit account (or eft them straight from the credit account) and get 55 days interest free?
oh, article said June![]()
I'm told the go live date is 5 June 2017 ( from the service suite)
Sounds good, I will call my banker tomorrow. She will probably not know anything about it, as per usual lol
My private banker said the accounts are live today.
She will contact me when the application is done, then I need to decide if I am happy with interest rate and limit.
Seems only card purchases are interest free for 30 days, normal eft payments and cash withdrawals against the facility with operate the same way as an overdraft and attract interest charges from day1.
Seems only card purchases are interest free for 30 days, normal eft payments and cash withdrawals against the facility with operate the same way as an overdraft and attract interest charges from day1.
So what's the point? If you withdraw money from this card, you pay interest on it because it comes from the "credit" part.
Theoretically you shouldn't really be doing EFT's and such from the credit portion then...
I think this facility only really works if you are strict with your money.
That isn't what I'm referring to. I presume you still have a cheque account where you would do your EFTs from.
But how would you withdraw money from an ATM without paying interest on it?
I was able to convert my account online this morning - simple enough process.
Wonder if it would be worth moving my remaining credit card balance over to the fusion account, the interest rate did seem lower.