Think I need to do my will through FNB to net the required 1000 points I need for L5, at least until next year when they change / restrict the rules more, and in hopes I don't kick the bucket till then and owe them 3% of estate!
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ouch!Previous : RL4, earned eB1657
Current : RL1, earned eB386
I went from RL3 on private averaging about eB2500 a month.
I decided to move back to platinum and on the new rules i made it to RL5 on platinum and earned over eB7000 for the month.
Previous: RL5, earned between eB8000 and eB15000 depending on the month, my spending can swing from splurging to just buying what I need.
Current: RL5, earned eB6948 from the bank, eB341 from partners, thus eB7289 in total. Spent very little last month, also changing to credit card, I am sure I am earning less. When I moved spending to cheque card on previous scheme, my earn jumped so will have to see how this works out.
My reward points don't make sense though. It says I' m not getting points for the following:
- Have an Overdraft Facility of R2 000 or more, a Temporary loan, a Revolving loan or a Personal loan 2000
- Have additional products i.e additional Card, Linked Petro Cards, Smart Device, Savings Pocket with Bank Your Change and a minimum of R500 2000
- Register for inContact , allow us to communicate with you and keep your contact information up to date 500
But I know that I have many of these products/services. They're also the difference between level 4 and level 5, so I'm not very impressed.
Dont confuse eBucks 'Reward points' with the actual eBucks.I don't understand this new system I got 21000 ebucks on my statement and its says in on level 3 when I should be on level 5
Earning points to get to a high reward level has never been purely about spend amount. It's about changing your banking behaviour in a manner that favours the bank.New rules means everyone has moved down a few levels. I moved from Level 5 to level 3, on private banking. Every year the eBucks rules become more restrictive.
Pretty soon eBucks will be just like all the other rewards programs out there. Even spending R70k on my credit card in a month only adds 2000 points.
I think it's time to say bye bye to eBucks & FNB and look at options such as Investec as the benefits have declined significantly.
It's worth it.Earning points to get to a high reward level has never been purely about spend amount. It's about changing your banking behaviour in a manner that favours the bank.
Being on Private Banking though means that the the hoops that need to be jumped through are much harder than if one were on Platinum or Gold. You need deep pockets for Private Banking and obviously the desire to jump through their eBucks Reward hoops.
link your petrol card to your credit card and have the add on's that they have (one account, savings acc etc). I buy all local flights using ebucks and it works out that i get almost 2 tanks of fuel a month for the extra effort.