Tips to Boost your eBucks

[the eskimo]

What does the bold part mean?

When you pay extra into your bond account it counts as a prepaid amount. You are able to withdraw this from your loan account by requesting it from the bank. This would be a manual prepaid withdrawal.

 

[hellfire]

When you pay extra into your bond account it counts as a prepaid amount. You are able to withdraw this from your loan account by requesting it from the bank. This would be a manual prepaid withdrawal.

Wait... so they're penalising me for using my access facility?

 

[zerocool2009]

yes I always do.

Fnb does tell you that you will interest from day 1 ,but this is not the case. I never pay any interest on my CC.

Trust me ... if you pay your CC not full when the due date is there, interest are added.

 

[abudabi]

Your FNB Home Loan, One Account or Single Facility meets requirement (1) above and you have up-to-date Home Owners Comprehensive Insurance Cover on your active* FNB Home Loan (vacant land excluded)

Doesn't say the insurance HAS to be with FNB... right?

Ps. What does up-to-date mean?

 

[the eskimo]

Wait... so they're penalising me for using my access facility?

Flexi Facility and Prepaid are different HL options as far as I know.

https://www.fnb.co.za/home-loans/flexi-facility.html

https://www.fnb.co.za/home-loans/prepaid.html

 

[the eskimo]

Doesn't say the insurance HAS to be with FNB... right?

Ps. What does up-to-date mean?

Saw this too. I assume it doesn't have to be with FNB.

Up to date probably means your policy mustn't be in arrears or have lapsed or have been cancelled. My insurance policy with Hollard has a clause that FNB will be notified on any changes to my Home Owners policy.

 

[hellfire]

Flexi Facility and Prepaid are different HL options as far as I know.

https://www.fnb.co.za/home-loans/flexi-facility.html

https://www.fnb.co.za/home-loans/prepaid.html

Saw this too. I assume it doesn't have to be with FNB.

Up to date probably means your policy mustn't be in arrears or have lapsed or have been cancelled. My insurance policy with Hollard has a clause that FNB will be notified on any changes to my Home Owners policy.

If both of these are correct, then I should be easily in RL5 on PC (around 20,000 points)

 

[zerocool2009]

Wait... so they're penalising me for using my access facility?

Well, I have a few flexi bonds. I asked my premier banker the same question. I use some of the bonds, some not again in other reards. Will revert back to this blog.

 

[zerocool2009]

Doesn't say the insurance HAS to be with FNB... right?

Ps. What does up-to-date mean?

think the small print will say FNB insurance brokers. Previously they were called firstlink.

I have my house (building insurance with them), but not house hold insurance. Will revert back if I get an answer from my premier banker aswell

 

[Sinbad]

think the small print will say FNB insurance brokers. Previously they were called firstlink.

I have my house (building insurance with them), but not house hold insurance. Will revert back if I get an answer from my premier banker aswell

Note there are two different entities - FNB Insurance Brokers, and FNB Insurance Direct. FNB ID pays ebucks on premiums...

https://www.fnb.co.za/insurance/household-structural-insurance.html

 

[Sinbad]

Incidentally - SLOW lounge changes:

Our SLOW lounges have turned out to be so immensely popular, that we have to introduce a capacity management system to ensure that lounge volumes are not in excess of occupancy. Our aim is to provide more customers the opportunity to experience the luxury lounge. In order to achieve this, from 1 July access to all SLOW Lounges will now be limited to 90 minutes before boarding time. Should the lounge capacity be reached, FNB Private Wealth and RMB Private Bank customers will be granted preferential access, while FNB Private Clients and Platinum customers may be asked to return to the lounge once the capacity levels have reduced.

Also, visits per month cut in half, pretty much.

 

[zerocool2009]

Note there are two different entities - FNB Insurance Brokers, and FNB Insurance Direct. FNB ID pays ebucks on premiums...

https://www.fnb.co.za/insurance/household-structural-insurance.html

I read now a bit more up about the FNB ID ... sjoe, they reward you for fuel aswell.

5% of monthly premiums back if you don't claim
+5% of annual premiums back if you don't claim and have no late payments
+5% of annual premiums back if you currently earn eBucks on your Fuel or Airtime purchases or you have an existing vehicle financed through FNB Vehicle Finance.

 

[Sinbad]

I read now a bit more up about the FNB ID ... sjoe, they reward you for fuel aswell.

5% of monthly premiums back if you don't claim
+5% of annual premiums back if you don't claim and have no late payments
+5% of annual premiums back if you currently earn eBucks on your Fuel or Airtime purchases or you have an existing vehicle financed through FNB Vehicle Finance.

no, they don't reward you for fuel. They reward you for earning ebucks for fuel

 

[StrontiumDog]

Flexi Facility and Prepaid are different HL options as far as I know.

https://www.fnb.co.za/home-loans/flexi-facility.html

https://www.fnb.co.za/home-loans/prepaid.html

I don't get it, the net result between those two offerings seem to be the same>

 

[StrontiumDog]

Incidentally - SLOW lounge changes:

Our SLOW lounges have turned out to be so immensely popular, that we have to introduce a capacity management system to ensure that lounge volumes are not in excess of occupancy. Our aim is to provide more customers the opportunity to experience the luxury lounge. In order to achieve this, from 1 July access to all SLOW Lounges will now be limited to 90 minutes before boarding time. Should the lounge capacity be reached, FNB Private Wealth and RMB Private Bank customers will be granted preferential access, while FNB Private Clients and Platinum customers may be asked to return to the lounge once the capacity levels have reduced.

Also, visits per month cut in half, pretty much.

Did they email this to you?

 

[Sinbad]

I don't get it, the net result between those two offerings seem to be the same>

Flexi I think lets you just transfer in and out.
Prepaid it looks like you have to apply to transfer the money out?

Flexi:
24/7 electronic access to funds via FNB ATMs, Cellphone-, Telephone or Online Banking
Transfer any prepaid funds made to your home loan directly to your FNB account


Prepaid:
Withdraw the additional funds if required

 

[Sinbad]

Did they email this to you?

I have access to some internal documentation. They will be emailing out the changes on 12 June with your rewards statement.

 

[Se@n]

Did they email this to you?

It's on the rewards infographics under summary of changes on the eB website.

 

[hellfire]

Incidentally - SLOW lounge changes:

Our SLOW lounges have turned out to be so immensely popular, that we have to introduce a capacity management system to ensure that lounge volumes are not in excess of occupancy. Our aim is to provide more customers the opportunity to experience the luxury lounge. In order to achieve this, from 1 July access to all SLOW Lounges will now be limited to 90 minutes before boarding time. Should the lounge capacity be reached, FNB Private Wealth and RMB Private Bank customers will be granted preferential access, while FNB Private Clients and Platinum customers may be asked to return to the lounge once the capacity levels have reduced.

Also, visits per month cut in half, pretty much.

Ouch!

 

[zerocool2009]

I don't get it, the net result between those two offerings seem to be the same>

I quickly emailed my FNB homeloans connection regarding this .... good question actually.

But you are right, the flexi bond and prepaid bond looks exactly the same (functionality)