FNB Fusion

I'm on the fence about going fusion...

I have separate cheque and credit accounts.

My worries about changing into the fusion one card/account dilemma is based around, losing the longer interest free period with the CC, even though I pay it off monthly...

Also how are you managing your monies now? Are you pushing all into savings pocket, letting all debit orders run into negative etc with monthly spend and then settling before month end.

Is there hidden costs involved in doing so.

The main advantage for me is simply to have 1 less card to carry really. In terms of ebucks, I'm not a lavish spender to whatever I get, I'll take, but I'm not chasing.
 
Van87 said:
I'm on the fence about going fusion...

I have separate cheque and credit accounts.

My worries about changing into the fusion one card/account dilemma is based around, losing the longer interest free period with the CC, even though I pay it off monthly...

Also how are you managing your monies now? Are you pushing all into savings pocket, letting all debit orders run into negative etc with monthly spend and then settling before month end.

Is there hidden costs involved in doing so.

The main advantage for me is simply to have 1 less card to carry really. In terms of ebucks, I'm not a lavish spender to whatever I get, I'll take, but I'm not chasing.
Click to expand...

Get Fusion and KEEP your credit card (there is no extra fee). Spend on your credit card and throw your Fusion card away.
 
ace119 said:
Aaaah!! Apology.

No you can only have an additional card on your Fusion account (same full name of account holder) Not a secondary…. With a different name, Silly I know.

Only time I could get a secondary card, with different name change is on credit card..

I also only used to have a Fusion account on Private Wealth, and I could get a Fusion Petrol card…. Now they no longer offer a Fusion linked Petrol card… so had to get a Credit Card to get a linked Petrol Card arrrgghhh.
Click to expand...
What is the use case for a petrol card? I'm puzzled as to why it is still a thing
 
A
3WA said:
Get Fusion and KEEP your credit card (there is no extra fee). Spend on your credit card and throw your Fusion card away.
Click to expand...

Ah thank you!

I did know that was possible, since I was assuming they just dissolve the CC into the Fusion.

Will definitely go for as suggested
 
Speedster said:
What is the use case for a petrol card? I'm puzzled as to why it is still a thing
Click to expand...

So for me, it’s just nice to have a permanent card in the visor of the cars, so if we drive through Tolls. We just open visor and swipe or if the wife or myself need to fill up fuel we just opens the visor and use the Petrol Card… no matter which vehicle we are in.

Same goes for shopping centres. A lot of places are allowing you to tap your car to pay for your parking at the exit….
 
ace119 said:
So for me, it’s just nice to have a permanent card in the visor of the cars, so if we drive through Tolls. We just open visor and swipe or if the wife or myself need to fill up fuel we just opens the visor and use the Petrol Card… no matter which vehicle we are in.

Same goes for shopping centres. A lot of places are allowing you to tap your car to pay for your parking at the exit….
Click to expand...
Or tap your phone?
 
Speedster said:
Or tap your phone?
Click to expand...

Not always convenient, can work most times but for example, Apple car play… the phone has to stay plugged into the car USB etc. So can’t pay at tolls.

I use Waze for navigation
 
ace119 said:
Not always convenient, can work most times but for example, Apple car play… the phone has to stay plugged into the car USB etc. So can’t pay at tolls.

I use Waze for navigation
Click to expand...
Then why don't you just get a petrol card? :giggle:

Your use case does indeed make sense, although if I were to go that route I'd stick a stock standard credit card in the visor - that way I never have to worry about accidentaly leaving my wallet at home.
 
Fusion only makes sense for FNB, who copied the concept from Investec who offered a single credit card and current account for decades. However, for it to work Investec gives you prime less 1% on your facility and a prime saver account that earns almost the same level of interest in return.

FNB benefits from not offering 55 days interest free, and it generally reduces their unutilised facility, free credit days, while ensuring they earn some interest.
 
Last week someone from FNB phoned and rambled on about this card ... double eBucks ... cheaper monthly etc. A few minutes ago I received my card - but admittedly, I don't know much about it .

Nothing seems have changed on my Internet banking ? It looks the same - but I thought it was supposed to change ?

Previously I had a credit card / cheque bundle and because of eBucks, 'threw away' that cheque card to exclusively use my credit card . Does this new card replace any of the other cards ? If I swipe, where does it come off ?
 
Dolby said:
Last week someone from FNB phoned and rambled on about this card ... double eBucks ... cheaper monthly etc. A few minutes ago I received my card - but admittedly, I don't know much about it .

Nothing seems have changed on my Internet banking ? It looks the same - but I thought it was supposed to change ?

Previously I had a credit card / cheque bundle and because of eBucks, 'threw away' that cheque card to exclusively use my credit card . Does this new card replace any of the other cards ? If I swipe, where does it come off ?
Click to expand...
Fusion basically replaced your cheque card. Did you keep the credit card?
 
Dolby said:
Previously I had a credit card / cheque bundle and because of eBucks, 'threw away' that cheque card to exclusively use my credit card . Does this new card replace any of the other cards ? If I swipe, where does it come off ?
Click to expand...
For fusion account holders you can use either CC/Cheque card for ebucks and not just the CC.
 
Dolby said:
Yea - I have it with me .

I have a cheque / CC / new Fusion
Click to expand...
I'd carry on using the CC with full auto settlement debit on the 25th of the following month, may as well use the banks money for free if they are offering, nice guys
 
airborne said:
I'd carry on using the CC with full auto settlement debit on the 25th of the following month, may as well use the banks money for free if they are offering, nice guys
Click to expand...
What's the point of using the CC still - see a few people mentioning it?
 
saor said:
What's the point of using the CC still - see a few people mentioning it?
Click to expand...
I thought having a CC was kind of dumb with a Fusion card, but you can get a few thousand extra points for ebucks by using the CC - that's what I do.

Also it's nice having that credit / cheque account separation.
 
saor said:
What's the point of using the CC still - see a few people mentioning it?
Click to expand...
55 days interest free.

It's not just the interest free part, using the banks money whilst yours sits elsewhere earning a little interest. It's a handy form of bridging finance, even if it's just till the paycheck arrives (which depending on your work circumstances may not conveniently be month end) or to avoid penalty fees when you need to withdraw from say a time constrained investment account.

The 55 days gives you more wiggle room and flexibility and you can also choose whether a payment comes off your credit card or cash.
 
mr_norris said:
Also it's nice having that credit / cheque account separation.
Click to expand...
I have that - that's why I'm curious what comes off when I swipe each card .

Or maybe it changes when I activate the card
 
Dolby said:
I have that - that's why I'm curious what comes off when I swipe each card .

Or maybe it changes when I activate the card
Click to expand...
Problem with fusion is that if you're using the credit facility (as you would with credit card) and then make an EFT you're charged interest on the EFT amounts. Better to keep fusion in a positive balance and use the credit facility of the credit card
 
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