Tips to Boost your eBucks

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fruitbat said:
I'm a 22k-25k ebucks a month customer...

I opened and started pushing ebucks into my Flexi account from month 2. I've been playing with the percentage... which is currently sitting at 100% ebucks into the account.
Why? Cos i end up buying cr@p that i dont really need... so when this matures in Sept - i'll have around 20k to buy new cupboards for my one bedroom...

I do however think the best return is Makro vouchers...
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I will confirm the ebucks pushing to flexi accounts. It is paid out quarterly. 2 months vs 4 months payout. Are you sure about the ebucks into your flexi account ?

mmm, ok ... I think I see where I am missing the boat ... The flexi account must be of a 12 month type.

I have a 3 month one, and I need to extend it if it matures.
 
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zerocool2009 said:
I will confirm the ebucks pushing to flexi accounts. It is paid out quarterly. 2 months vs 4 months payout. Are you sure about the ebucks into your flexi account ?
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Yea its quarterly...
So what you see in your ebucks account is - the ebucks move out of that... and only appear in the flexi account every qtr...

So for this year so far ive had transfers on the 8th of Jan and 9th of April of ebucks -> Flexi account. Next one is due in July... My Ebucks account gets ebucks IN, and then ebucks OUT - whch means i cant change my mind. I can however alter the % split which will change the ebucks from that point onwards...
And I opened the account on the 8th of Sept 2014
 
fruitbat said:
Yea its quarterly...
So what you see in your ebucks account is - the ebucks move out of that... and only appear in the flexi account every qtr...

So for this year so far ive had transfers on the 8th of Jan and 9th of April of ebucks -> Flexi account. Next one is due in July... My Ebucks account gets ebucks IN, and then ebucks OUT - whch means i cant change my mind. I can however alter the % split which will change the ebucks from that point onwards...
And I opened the account on the 8th of Sept 2014
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Sorry for the confusion FruitBat, I am not on the same page as everyone.
 
droidx said:
If you are disciplined, you can also buy the makro voucher & use it to replace existing spend rather than buy luxury.
Then take the money you would have spent elsewhere and invest it yourself.
The catch to this is that ebucks earn will drop for the spend you replaced in the following month.
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You can buy food at Makro nowadays...so...not a bad option either.
 
Method said:
You can buy food at Makro nowadays...so...not a bad option either.
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It is definitely not. I did that last month, but then ended up with a lower checkers earn as a result.
I did not invest, but shifted the spend to something Makro vouchers could not buy.
 
droidx said:
It is definitely not. I did that last month, but then ended up with a lower checkers earn as a result.
I did not invest, but shifted the spend to something Makro vouchers could not buy.
Click to expand...

lol! The rules in this game...


Mike Hoxbig said:
No you don't need it for a year first, it matures after a year.

The benefit to taking out this investment account, is that it also counts towards your RL points for having an investment account. It's a no-brainer IMO. Spend some of your eB on Makro vouchers, and invest the rest...
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Thanks for the advice Mike!
 
I will now be forced to get a credit card to remain on RL5 on my gold account.
How much does the credit card + cheque card option cost a month?
Edit: It looks like R40 per month. R150 once off to open the account.

Now, once I have this card will I be able to limit the credit limit to something lower and less tempting perhaps? I hate temptation. :)
 
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droidx said:
It is definitely not. I did that last month, but then ended up with a lower checkers earn as a result.
I did not invest, but shifted the spend to something Makro vouchers could not buy.
Click to expand...

You get 40% off the Makro vouchers, vs 15% earn on Checkers spend. My reckoning is its still better to buy and use Makro vouchers, but you will only save 25% (ie 40-15%).

On a separate note, I see that the eB earn limit on Card Swipes on Gold has dropped by half - from eB5000 (R33000 at 1.5% on RL5) on the existing rules, to R15000 (eB2250 at 1.5%) on the new rules. Earn limit on online shopping and Checkers spend has also dropped.
 
SeRpEnT said:
I will now be forced to get a credit card to remain on RL5 on my gold account.
How much does the credit card + cheque card option cost a month?
Edit: It looks like R40 per month. R150 once off to open the account.

Now, once I have this card will I be able to limit the credit limit to something lower and less tempting perhaps? I hate temptation. :)
Click to expand...

Yeah, increase the budget amount, then you won't see it's there :p
 
soc55555 said:
You get 40% off the Makro vouchers, vs 15% earn on Checkers spend. My reckoning is its still better to buy and use Makro vouchers, but you will only save 25% (ie 40-15%).

On a separate note, I see that the eB earn limit on Card Swipes on Gold has dropped by half - from eB5000 (R33000 at 1.5% on RL5) on the existing rules, to R15000 (eB2250 at 1.5%) on the new rules. Earn limit on online shopping and Checkers spend has also dropped.
Click to expand...

True. Which is why I opted for it.
Checkers is the biggest contributor to my ebucks though so it just meant lower earn but spending rewards vs money is a no brainer.

Gold rewards have decreased quite a bit. I will lose out on 1000eb on prepaid electricity as well.
 
Mike Hoxbig said:
Depends on your needs. If you buy a Makro voucher, then you have to buy something from Makro. Let's say you buy a TV - it's actually a depreciating asset so you're losing in the long run. With an interest-bearing account, you're earning interest on money that you've gotten back for free - a much better option for the long term...
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You can also buy household stuff like washing powder etc in bulk with your discounted vouchers and then put the money you would have spent on that into your investment account yourself. Instant 40% growth.
 
Need to eft 9k to a company...is it better to transfer that money to my credit card and then pay via eft? I don't think it makes a different but just wanna check.
 
Jared176 said:
Need to eft 9k to a company...is it better to transfer that money to my credit card and then pay via eft? I don't think it makes a different but just wanna check.
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I did that previously once ... and never again. That is seen as if you withdraw money from you credit card (huge fees apply).
 
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