Tips to Boost your eBucks - 1 July 2024 to 30 June 2025

zerocool2009 said:
Nope. Homeloan earn rules cut by 50% potential points compared to the current rules
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I only got the 500 points for viewing Nav > Home. There were no points in the previous year for just having a home loan, you had to have a home loan and an offered amount. So net positive for me if it has changed!
 
BBSA said:
Agee , paying the additional interest would make it not so great.
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Hmm. But then it means all it costs a PW person is the interest which is a lot less then the 20k for the phone or tablet or both? Or you pay it off in 12 mths and get 50% back in ebucks and less interest. Would need to put it into a calc.

Someone pls test this :)
 
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On PW, if you get eb10000 back(Level5) every month, and that is the max you can earn per month, then your ultimate cost in interest on a R24k device will be R3587.44 accepting prime stays 11.75%. So cost of the device is R3587.44. Not bad, someone can check my calculations please.
 
Arthur AnymoreDonuts said:
View attachment 1719277

On PW, if you get eb10000 back(Level5) every month, and that is the max you can earn per month, then your ultimate cost in interest on a R24k device will be R3587.44 accepting prime stays 11.75%. So cost of the device is R3587.44. Not bad, someone can check my calculations please.
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+-Agree.
Benefit only starts 1 July
 
Answer probably somewhere on last year's thread but when is the best time in the month to upgrade accounts?
 
stevenv said:
Answer probably somewhere on last year's thread but when is the best time in the month to upgrade accounts?
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With the free upgrade to level 3 on upgrades, maybe anytime now.
 
Arthur AnymoreDonuts said:
View attachment 1719277

On PW, if you get eb10000 back(Level5) every month, and that is the max you can earn per month, then your ultimate cost in interest on a R24k device will be R3587.44 accepting prime stays 11.75%. So cost of the device is R3587.44. Not bad, someone can check my calculations please.
Click to expand...
Looks spot on. I got the same in my calculations.
 
New Reward - R50k Travel voucher for PW.

Sounds like you need to spend R100k a month on your card.

What is confusing is this line in the T&C's. I wonder if it means you get 2 months of grace? Or maybe the R100k pm is the average for the year?

Any thoughts on this?

"If you do not meet the criteria above for 3 or more months within the 12-month period, then you will not qualify for the benefit for the cycle."
 
Arthur AnymoreDonuts said:
View attachment 1719277

On PW, if you get eb10000 back(Level5) every month, and that is the max you can earn per month, then your ultimate cost in interest on a R24k device will be R3587.44 accepting prime stays 11.75%. So cost of the device is R3587.44. Not bad, someone can check my calculations please.
Click to expand...

Seems correct, the only thing I would query is the capital prepaid as according to fnb:

  • You bought a R28 800 device with your FNB Private Wealth Credit Card and your monthly device repayment is R1 200
OR

  • You bought a R28 800 device with your FNB Fusion Private Wealth Card and we divide R28 800 by 24 months, which will be R1 200
so the capital repaid might be the same every month, till month 22 and then its just the small amount left over to be repaid?
 
buy the device on fusion using cash balance and not credit -- no interest.

thank me later...
 
So if I read the T&C'S Correctly you need to go into a ebucks partner shop, but they don't state what shops those are:
  • Take up a qualifying device on the FNB App between 1 July 2024 and 30 June 2025;
  • Pay for the device and move it to your FNB Private Wealth Credit Card budget facility at an interest rate of Prime +2% over a budget period of 24 months, or purchase a device on your FNB Private Wealth Fusion Card;
  • Qualify for the eBucks Rewards Programme and be on reward level 3 or above
  • Have a minimum monthly spend of R15 000 on your Virtual Card linked to your FNB Private Wealth Bank Credit Card or FNB Private Wealth Fusion Card
  • eBucks will be rewarded subject to the following annual device spend limits and maximum eBucks monthly earn:

    So you can buy it on a fusion card without having to use the credit facility at all?

    but then it states:


  • The device is purchased on your Credit Card straight facility
  • The transaction will be moved to your budget facility at an interest rate of Prime +2% over a budget period of 24 months
  • You will only earn eBucks on the Credit Card purchase as a percentage of your budget facility repayment
  • You will not earn back on eBucks spend. Only Rand spend moved to your FNB Private Wealth Credit Card budget facility qualifies

    this suggests they will move the purchase over the budget facility at the interest rate on 24 months anyway, and you wont earn any ebucks on cash purchases from the fusion card. So the fusion card will only act as a gateway to the budget facility on the credit card?
 
SvenArndt said:
So if I read the T&C'S Correctly you need to go into a ebucks partner shop, but they don't state what shops those are:
  • Take up a qualifying device on the FNB App between 1 July 2024 and 30 June 2025;
  • Pay for the device and move it to your FNB Private Wealth Credit Card budget facility at an interest rate of Prime +2% over a budget period of 24 months, or purchase a device on your FNB Private Wealth Fusion Card;
  • Qualify for the eBucks Rewards Programme and be on reward level 3 or above
  • Have a minimum monthly spend of R15 000 on your Virtual Card linked to your FNB Private Wealth Bank Credit Card or FNB Private Wealth Fusion Card
  • eBucks will be rewarded subject to the following annual device spend limits and maximum eBucks monthly earn:

    So you can buy it on a fusion card without having to use the credit facility at all?

    but then it states:


  • The device is purchased on your Credit Card straight facility
  • The transaction will be moved to your budget facility at an interest rate of Prime +2% over a budget period of 24 months
  • You will only earn eBucks on the Credit Card purchase as a percentage of your budget facility repayment
  • You will not earn back on eBucks spend. Only Rand spend moved to your FNB Private Wealth Credit Card budget facility qualifies

    this suggests they will move the purchase over the budget facility at the interest rate on 24 months anyway, and you wont earn any ebucks on cash purchases from the fusion card. So the fusion card will only act as a gateway to the budget facility on the credit card?
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My understanding is they are trying to get you to buy it on budget facility so they make some money back on the interest portion. Not sure about this fusion thing mentioned above because it doesn't correlate with their info on how it works.

The partner shop is available in the eBucks section of the app where it takes you to the iStore where devices are listed. Only seem to be selling Apple devices at this time.
 
Bob21 said:
New Reward - R50k Travel voucher for PW.

Sounds like you need to spend R100k a month on your card.

What is confusing is this line in the T&C's. I wonder if it means you get 2 months of grace? Or maybe the R100k pm is the average for the year?

Any thoughts on this?

"If you do not meet the criteria above for 3 or more months within the 12-month period, then you will not qualify for the benefit for the cycle."
Click to expand...
Spend more than 100k per month July 2024 until June 2025 - and also have R10mil investment or R5mil homeloan etc every month - voucher is only allocated after 30 June 2025...

***
To qualify for the R50 000 voucher, keep your accounts in good standing and spend a minimum of R100 000 monthly on your FNB Fusion Private Wealth Card, Credit Card and/or FNB Global Account Card.



Plus, meet 1 of the following criteria every month for 12 months between 1 July 2024 and 30 June the following year:

  • Have an FNB Savings Investment and/or Channel Islands Investments balance of R5 000 000 or more
  • Have an FNB Home Loan(s) with an outstanding balance of R5 000 000 or more
  • Have an FNB Securities Based Loan(s) with an outstanding balance of R10 000 000 or more


Track your progress on the FNB App every month to make sure you’re on track to qualifying for your reward.

Your voucher will be allocated to you after 30 June 2025.

Once you have qualified for the reward, you have 3 months from the date of allocation to claim the voucher and you will have 12 months to redeem.

  • Qualifying Savings and Investment accounts include: All Cash Investment Accounts, Segregated Portfolios, Investment Account, Tax-Free Shares, Endowment, Pension and Provident Preservation Fund, and Retirement Annuity
  • Qualifying Home Loan Accounts include: Home Loans, Single Facility, Structured Loans, Pension Backed Loans, Securities Based Loan, Secured Revolving Facility
  • Qualifying Channel Islands Investment accounts include: Notice Deposit (USD, EUR, GBP), Fixed Deposit (USD, EUR, GBP) and Call Account (USD, EUR, GBP).


Boost My Rewards cycle is calculated from 01 July 2024 until 30 June 2025 (“the cycle”). If you qualify as per the criteria below, at the end of the cycle you will receive an eBucks Travel voucher worth R50 000.
 
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