I am upgrading from Premier to PC to "boost my eBucks". Now I have to choose between the normal cheque + credit card bundle or the fusion account.
I quite like the fusion account's one account, one card concept. But I not sure I understand exactly how it works.
Consider the following 2 scenarios of cashflows:
Scenario A:
Balance: R 10 000
Card purchase: R 20 000
EFT / cash withdrawal: R 5 000
Scenario B:
Balance: R 10 000
EFT / cash withdrawal: R 5 000
Card purchase: R 20 000
The website states that you get "up to 30 days' interest free on card purchases". Would I pay interest for the EFT / cash withdrawal in scenario A but not in scenario B? In other words, if your fusion account has a negative balance do you pay interest on any EFT / cash withdrawal (while you have a negative balance) since only card purchases are interest free?
I pay my credit card in full every month so the fusion's 30 days interest free vs the credit card's 50 days doesn't bother me.