Tips to Boost your eBucks

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zerocool2009 said:
Well, my 5c on this topic ... I apply every 4 months for a better rate, and they just say no and give a reason or 2.

But if you want to move to get ebucks, if the rules change in the banks favour and you get less, you will not be happy. Example, year on year customers earn less and less on rewards.

I would say, if a bank offer you a great rate, with an awesome package, go for it.

I know friends who bank at investec or RMB ... (That banks offer more than the lower end banks), if that makes sense
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How do you apply for a lower home loan rate at FNB?
 
droidx said:
I'm currently with investec.
I was contemplating the move but only if FNB will sweeten the deal with a better interest rate on my bond (I'll move my other bond to them as well if they can match the interest). So it will cost me less and ebucks earn will be higher (we'll move spend off the gold account).
Then also pay less on bond, I need to see a consultant for this though.

Don't worry, I won't make the move if it won't benefit me. I've just been putting it off. Not used to going to the bank.
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Investec starts at prime minus 2 or less don't they? I'd be interested if they can beat that. Seems like banks are reluctant in the current market. But - I may be wrong.

EDIT - i mis read what you said... problem with viewing this on my phone. sorry. but investec i think is only P-2 or better...
 
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zerocool2009 said:
Well, my 5c on this topic ... I apply every 4 months for a better rate, and they just say no and give a reason or 2.

But if you want to move to get ebucks, if the rules change in the banks favour and you get less, you will not be happy. Example, year on year customers earn less and less on rewards.

I would say, if a bank offer you a great rate, with an awesome package, go for it.

I know friends who bank at investec or RMB ... (That banks offer more than the lower end banks), if that makes sense
Click to expand...

Due to circumstance, Investec would not approve the bond. The next best option was FNB at prime +0.5 which I am not too happy with. The primary reason for moving would be a significant reduction in that rate (my bargaining tool being moving all my banking to them, including other bond).
eBucks will be a far secondary, because we currently earn eBucks on my SO's gold account. The incremental increase in eBucks is not sufficient to be of any value in such a decision.
I do plan to make an application to reduce the rate anyway, I am just weighing up my options. I don't really want to leave Investec though - would prefer just moving the bond there. So if that becomes possible, it would be first prize.
I would not base a decision on rewards, as you say, it can be taken away or made to be unattractive fairly quickly.
 
fruitbat said:
Investec starts at prime minus 2 or less don't they? I'd be interested if they can beat that. Seems like banks are reluctant in the current market. But - I may be wrong.
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Well, to bank with RMB or investec, you need to earn big bucks. Last I saw it was R3 000 000.

The days where FNB offer -2% is gone I think. I know FNB employees get that as a perk.

But give it a shot .... Would love to hear if they could have better the current rate of -2% that you have.
 
fruitbat said:
Investec starts at prime minus 2 or less don't they? I'd be interested if they can beat that. Seems like banks are reluctant in the current market. But - I may be wrong.
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I wish, it was probably the case before I bought property.
When I started looking their base was prime less 1.
When I bought (the following year) it was prime less 0.75.
Got feedback from friends who bought this year & got prime less 0.5.

That seems to be the standard, though I am sure if your financial profile is much better than the average you'll get much lower rates.
 
zerocool2009 said:
Well, to bank with RMB or investec, you need to earn big bucks. Last I saw it was R3 000 000.

The days where FNB offer -2% is gone I think. I know FNB employees get that as a perk.

But give it a shot .... Would love to hear if they could have better the current rate of -2% that you have.
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No they don't.
 
zerocool2009 said:
Mmmm, I have a few FNB friends. They do. So if you are working for FNB, follow up. Get a bond asap
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Prime minus 1.75 on all debt. If they are on prime -2 then it was done at least 3 years ago, and is no longer available.
 
zerocool2009 said:
Well, to bank with RMB or investec, you need to earn big bucks. Last I saw it was R3 000 000.

The days where FNB offer -2% is gone I think. I know FNB employees get that as a perk.

But give it a shot .... Would love to hear if they could have better the current rate of -2% that you have.
Click to expand...

Firstly, there is more than one way to get into Investec. I think the threshold is lower than R3m but I don't even meet that.
They do business with various professions, even if you do not meet earning criteria.
This must be why I have never seen prime minus 2 anywhere.

My bond is already with FNB. I could not get it with Investec unless I made some changes I wasn't willing to do.
I want a lower rate with FNB. The time for those changes may have arrived though and I will move my FNB bond to Investec (or then get FNB to match whatever quote which will probably be prime minus 0.5 or 0.25).
 
Sinbad said:
Prime minus 1.75 on all debt. If they are on prime -2 then it was done at least 3 years ago, and is no longer available.
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Well ... that is what they said. I can also say this ... times has changed a lot. I am with FNB for 30 years, and I am now 36. And I have a few bonds, where some beat the -3% mark. (That was the good old days) !
 
I really do hope most guys on here doesn't move any levels down on the earning rules related to ebucks.
 
I'm getting more points actually. 22k or so, according to the calculator.
 
Using the calculator reveals that I need to login to Wesbank online at least once per month, or, use the FNB banking app for at least one financial transaction, to stay at level 5.
 
Ancalagon said:
Using the calculator reveals that I need to login to Wesbank online at least once per month, or, use the FNB banking app for at least one financial transaction, to stay at level 5.
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Using the app is easiest. I use it for buying prepaid elec and prepaid airtime.
 
Yeah I'll be doing that from next month when my Cell C contract ends. Plus once per month I make a payment for my electricity and levies - will do that from the FNB app in future.

Just trying to get my Wesbank Online details, then I can login there. Also need to make sure I receive Wesbank Online's marketing emails.
 
What is this ?

FNB Connect contract and prepaid airtime

Is this their own mobile thing where they piggy back off Cell C?
So the SIM card they gave a few months ago with my Smart Device?
 
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