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Yeah, but the interest that I pay on fusion amounts to a few rand anyway. Not really worth the hassle of switching.
The issue is not the interest paid on fusion, it is in the interest foregone on funds you could have borrowed interest free.Yeah, but the interest that I pay on fusion amounts to a few rand anyway. Not really worth the hassle of switching.
I generally don't spend money that I don't have, up to now just been moving a couple of grand to my savings account for a couple of business days in order to get ebucks points so the interest is minimal.
Interest free is only on card purchases, so the moment you make any payment (EFT etc) you pay interest on those payments.From FnB Website:
FNB Fusion Account benefits
- Up to 30 days interest free on credit card purchases
So more like you lose 55-30 days (quick math anyone).
Won't risk if dont have another buffer for points.I talked to a consultant now regarding the FNBy account. She told me that the increase of R300(Premier) can be done in the transactional or savings account. This kind of makes senses seeing that the rule states interest received excluded in the increase amount of R300.
Hope she is right. Will try and test it in October.
Yes i'm only using it for swipes as i did an upgrade to PW and it's the only card i have on PW. The credit card division seems very delayed in issuing my new cards.I lost my fusion card about two months ago. It's not a problem though, I don't see any need for ever swiping it.
I heard that FNB blocked a few accounts that were trading in Bitcoins? Maybe find out if they have blocked you
I need to make a big payment at checkers today too. Pretty confident it won't go through today.Hmm. New glasses are ready.
Need to go pick them up and pay for them.
If I use my CC today, what are the chances it will appear on next month's smart spend? This month I'm maxed out