Nedbank Greenbacks

f2wohf said:
At least, I don’t get stranded in other countries with Nedbank.

I’ll gladly pass on ebucks for this luxury.
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Huh what? I had no issues I Hong Kong, the congo, drc and Kenya... What are you talking about?

Generally a call before going overseas saying the card will be used outside the country results in no issues..
 
I refuse to use the Amex card unless I'm abroad or shopping at one of the foreign stores like Game. Why must I push the price of groceries up to earn greenbacks?
 
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Snyper564 said:
Huh what? I had no issues I Hong Kong, the congo, drc and Kenya... What are you talking about?

Generally a call before going overseas saying the card will be used outside the country results in no issues..
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They froze my account for FICA verification (while I already provided FICA documents twice during the same year and they froze the account twice but they never processed it) while in Ivory Coast.

They wouldn’t hear a thing.

Result: unable to book my return flight and unable to pay my hotel. Hopefully, friends of friends sorted me out.

Needless to say that I closed my account immediately upon return and will never look back.

Apparently, they tend to suck with foreigners.
 
f2wohf said:
They froze my account for FICA verification (while I already provided FICA documents twice during the same year and they froze the account twice but they never processed it) while in Ivory Coast.

They wouldn’t hear a thing.

Result: unable to book my return flight and unable to pay my hotel. Hopefully, friends of friends sorted me out.

Needless to say that I closed my account immediately upon return and will never look back.

Apparently, they tend to suck with foreigners.
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Ah I see, really sorry to hear that though. Could have happened with another bank as well? But I guess it's a case of you messed me over badly not going back and that makes sense.
 
Snyper564 said:
Ah I see, really sorry to hear that though. Could have happened with another bank as well? But I guess it's a case of you messed me over badly not going back and that makes sense.
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Nedbank has always warned me a few weeks before I need to do FICA. FNB just went the bully way and always froze my account before asking anything.

I always have at least two banks since to avoid it from happening again.
 
If you spend with your Amex, you get 1Gb/R2.5.

If you then spend on unit trusts, you get 28Gb/R1.

This makes R70 of spending for R1 back, a conversion rate of 1.42%.
 
f2wohf said:
They froze my account for FICA verification (while I already provided FICA documents twice during the same year and they froze the account twice but they never processed it) while in Ivory Coast.

They wouldn’t hear a thing.

Result: unable to book my return flight and unable to pay my hotel. Hopefully, friends of friends sorted me out.

Needless to say that I closed my account immediately upon return and will never look back.

Apparently, they tend to suck with foreigners.
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FNB lost my fica docs 4 times. Not kidding. I quit them after 3 months.
 
JetsetWilly said:
I'm still waiting for a R for R comparison.
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+1 I had a look at ebucks and the partners where you earn a lot of ebucks (Checkers for example) are the shops where I never go.

Same than Ucount (that I also have), it’s a complete black box.

Having a flat rate for everything is much easier.
 
f2wohf said:
+1 I had a look at ebucks and the partners where you earn a lot of ebucks (Checkers for example) are the shops where I never go.

Same than Ucount (that I also have), it’s a complete black box.

Having a flat rate for everything is much easier.
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And receiving it in cash works for me.
 
f2wohf said:
+1 I had a look at ebucks and the partners where you earn a lot of ebucks (Checkers for example) are the shops where I never go.

Same than Ucount (that I also have), it’s a complete black box.

Having a flat rate for everything is much easier.
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There is a flat percentage earned of about 2 to 3 percent earned on all normal spend. Its the fuel etc that really makes it worth it. Not a month has gone since I joined where I dont earn atleast R1000 even on the new rules coming in. With a little effort it's not to difficult at all. But do your own research or pop over to the other group. All I am saying is with absa rewards I made r5k in 5 years made that in 2 months on ebucks... New rules will about halve that but still...
 
Snyper564 said:
There is a flat percentage earned of about 2 to 3 percent earned on all normal spend. Its the fuel etc that really makes it worth it. Not a month has gone since I joined where I dont earn atleast R1000 even on the new rules coming in. With a little effort it's not to difficult at all. But do your own research or pop over to the other group. All I am saying is with absa rewards I made r5k in 5 years made that in 2 months on ebucks... New rules will about halve that but still...
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Just checked the level requirements.

By pushing it and do things for this purpose, I'd get to level 3 at best so 1% reward.

No Checkers or Shoprite really convenient for me, I shop at Pnp. I'd get 5% back on less than 2000 of petrol.

For the same amount spent, I'd get about 300 from ebucks and 312 in Greenbacks.

If I was more than level 3, ebucks would be more interesting but I don't save money in SA. It all depends on your use I guess.
 
f2wohf said:
Just checked the level requirements.

By pushing it and do things for this purpose, I'd get to level 3 at best so 1% reward.

No Checkers or Shoprite really convenient for me, I shop at Pnp. I'd get 5% back on less than 2000 of petrol.

For the same amount spent, I'd get about 300 from ebucks and 312 in Greenbacks.

If I was more than level 3, ebucks would be more interesting but I don't save money in SA. It all depends on your use I guess.
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True. I have my home loan there so many additional, points towards the tiers etc. If I wasnt t5 it wouldnt be worth the effort.
 
I've been investing/converting my GB to the unit trust investment option since Feb 2014. To date I've "earned" R12600 worth GB and the UT value now stands at over R15600. Use the Amex card wherever it is accepted. The reward amounts I earn more than cover my monthly fees and the growth on the UT has been good.
I don't have any experience with EBucks so cannot comment on it but have heard some people complaining, especially with the way they used to chop-and-change their rules. I've been with Nedbank for 19 years, most serious complaint I have with them would be that their ATMs are not as common as some other banks', other than that the service has been good
 
eBucks are good but not very transparent and easy to understand. Furthermore, it's really hard to go up levels with them to earn decent amounts. FNB didn't offer me a credit card or a home loan. Nedbank offered me both, with an offer to pay me a rebate of R200 every month for the duration of the loan, if I moved over my banking to them, which I did. The rebate almost covers my entire monthly fee. With banking(current and credit - level 2) the loan(level 3) and an investment account(level 4), I'm at the highest possible GB level I could be(level 4) while totally understanding how it works and not worrying about dropping levels. All in all, I see +/-R200 a month earned after paying the fees. All for just going about my things as I normally would. With eBucks the amount would not even offset bank fees, although that could have been coz I couldn't go up the levels. I just have a better overall experience now with Nedbank.
 
Jestallion said:
eBucks are good but not very transparent and easy to understand. Furthermore, it's really hard to go up levels with them to earn decent amounts. FNB didn't offer me a credit card or a home loan. Nedbank offered me both, with an offer to pay me a rebate of R200 every month for the duration of the loan, if I moved over my banking to them, which I did. The rebate almost covers my entire monthly fee. With banking(current and credit - level 2) the loan(level 3) and an investment account(level 4), I'm at the highest possible GB level I could be(level 4) while totally understanding how it works and not worrying about dropping levels. All in all, I see +/-R200 a month earned after paying the fees. All for just going about my things as I normally would. With eBucks the amount would not even offset bank fees, although that could have been coz I couldn't go up the levels. I just have a better overall experience now with Nedbank.
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I'm no high roller like some eBucks peeps, but I make way more than R200 a month back and I just buy groceries and go to Clicks...sometimes I put petrol in my car. I'm on level 5 without even thinking about it...no loops and kak. It's easy.
 
Just used R3000 worth of Greenbacks to help pay for a freezer and 2 months back got an air fryer. They add up over time if you keep swiping that amex card.
 
Cius said:
Just used R3000 worth of Greenbacks to help pay for a freezer and 2 months back got an air fryer. They add up over time if you keep swiping that amex card.
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AH YES the only way to really make bank with GB is the Amex card just carry both cards if amex isnt accepted amex is readily accepted more places now
 
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