Tips to Boost your eBucks

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Well I created my own spreadsheet and it looks like with some adjustments to my banking behaviour I will easily maintain Platinum level 5 with 3000 points to spare :D
 
I'm also very interested in the conditions concerning the usage of straight and budget facilities, and the International purchases.

Let's hope Monday brings revelations
 
Debeer165 said:
I'm also very interested in the conditions concerning the usage of straight and budget facilities, and the International purchases.
Let's hope Monday brings revelations
Click to expand...

+1 - I also want to understand for what period of time it needs to have been attained for.
If I hit the 10% level on a Monday morning at 8am, when does the clock start(8am?) and stop for calculation of the 10% attainment?
 
air said:
+1 - I also want to understand for what period of time it needs to have been attained for.
If I hit the 10% level on a Monday morning at 8am, when does the clock start(8am?) and stop for calculation of the 10% attainment?
Click to expand...

It simply means that if your limit is R10 000, then you should have swiped the card for between R1000 and R9000 by the end of the month.
 
ABU said:
It simply means that if your limit is R10 000, then you should have swiped the card for between R1000 and R9000 by the end of the month.
Click to expand...

i thought it meant the following, I have to use at least 10% of my total cc limit , so say i have 60k limit , and a start the month with -3k i would only have to swipe for another 3k to trigger those points.
 
Have an Investment account
(excluding an Equity Trading Account):
• Where your balance is more than R2 500 1500
• Where your balance is more than R20 000 2000
Click to expand...

Are there any Shariah-compliant investment accounts that would enable me to collect these points?
 
ABU said:
It simply means that if your limit is R10 000, then you should have swiped the card for between R1000 and R9000 by the end of the month.
Click to expand...

Yes, but it says 10-90% of straight and budget.

Does this mean :
10% of straight, and 10% of budget
Or
10% of the total value of straight and budget.

important distinction, because I'd much prefer to avoid using the budget facility if at all possible
 
Debeer165 said:
Yes, but it says 10-90% of straight and budget.

Does this mean :
10% of straight, and 10% of budget
Or
10% of the total value of straight and budget.

important distinction, because I'd much prefer to avoid using the budget facility if at all possible
Click to expand...
+1 on this, very important .

That said, I had a really stupid idea, but want more information before going ahead with it.

Revolving loan is like 2000 easy points, I hope. What makes this great is, if you don't use it, it has 0 banking charges and 0 interest, as long as it is enabled you should get the 2000 points?

The stupid idea involve finding what the interest rate on revolving loan is, then take it, pay the 15% required to get it, put the money in an investment that also gives points. This is one of the easy things I see people can do that for example doesn't have a CC card. Still a really stupid idea in the end all in the name for easy points =/
 
Tinuva said:
+1 on this, very important .

That said, I had a really stupid idea, but want more information before going ahead with it.

Revolving loan is like 2000 easy points, I hope. What makes this great is, if you don't use it, it has 0 banking charges and 0 interest, as long as it is enabled you should get the 2000 points?

The stupid idea involve finding what the interest rate on revolving loan is, then take it, pay the 15% required to get it, put the money in an investment that also gives points. This is one of the easy things I see people can do that for example doesn't have a CC card. Still a really stupid idea in the end all in the name for easy points =/
Click to expand...

no you need to use the revolving loan , i don't currently get points for the revolving loan , because it just sits there.

R40 a free a month for using it

MY interest rate on it is 19% lol
 
Debeer165 said:
Yes, but it says 10-90% of straight and budget.

Does this mean :
10% of straight, and 10% of budget
Or
10% of the total value of straight and budget.

important distinction, because I'd much prefer to avoid using the budget facility if at all possible
Click to expand...
Make your budget limit zero.
 
hereticangel said:
i thought it meant the following, I have to use at least 10% of my total cc limit , so say i have 60k limit , and a start the month with -3k i would only have to swipe for another 3k to trigger those points.
Click to expand...
That is how I've seen it working.
 
@iDOL and/or ?sjm? - can you provide explicit detail on:

Use between 10% and 90% of your budget and your straight facility (ebucks pdf reference)

Use between 10% and 90% of your credit limit during a calendar month.
(These percentages are based both on budget and straight facilities on your FNB Platinum Credit Card) (ebucks reference)

cheers in advance!
 
imranpanji said:
What happens if you have a low spending month?
Click to expand...
The scenario I laid out is me spending between 10k and R19,999 on my credit card. On the off chance my spending dips below 10k (highly unlikely) well then i would lose 500 points but as I said, I will have a 3000 point buffer.

As it applies to me personally, I just have to ensure I keep a minimum 15k balance in my cheque account (I average this anyways), double check that my 7 day investment account gets me 2500 points, ensure I don't withdraw cash from an ATM, swipe once a month online (pay rates or something online).

I think because I do everything via FNB (homeloan etc...) it makes it easy to maintain level 5 status. Ultimately that's what the eBucks Rewards scheme is designed to do; retain you as a customer and have you be 100% reliant on them.
 
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