Tips to Boost your eBucks

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signates said:
The car would be owned by the bank and used as surety in case of default. With a smarty device, the bank is simply borrowing you money to buy the device.
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Ok a better analogy would be getting a phone from Vodacom on a 24 month contract. Can you sell it?
 
biometrics said:
Ok a better analogy would be getting a phone from Vodacom on a 24 month contract. Can you sell it?
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Better but still not the same. The Vodacom contract you specifically buy airtime and data and whatever else bundles. The phone is not the primary selling point. With the FNB deal, the device is the primary selling point, with the free data as a small extra on the side.
 
Ancalagon said:
I think about eBucks in terms of Rand value of eBucks earned per R100 spent. It is easier to picture that way. For instance, on Wednesday I spent R300 at Checkers. Because I am currenly on reward level 4, I get R7.5 per R100 spent, so I got around R22 for that.

In terms of earning 28k eBucks, that is R2800. The maximum one can earn if R15 per R100 spent. Therefore, to find out how many R100s you would need to spend, divide 2800 by 15. The answer is 186. Multiply back by R100, and you get R18k.

So, the absolute minimum that you need to spend on your credit card every month to get R2800 worth of eBucks back is R18k. In most cases though, the real figure would be higher, because part of your spend would be things like online purchases and normal credit card shopping, which earn at a lower rate.
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Fuel has a 20% limit on purchases, and Checkers has a 30% limit on purchases and caps of eB7500 and eB22500.
So for every R1000 spend, R200 on fuel (eB300) and R300 on Checkers (eB450), and the balance of R500 @3% (eB150) = eB900 i.e average of 9% earn.
Therefore for eB28000, you would realistically have to spend ~ R31k

NB. This figures are based on private client rules which the eB28000 was earned on.
 
Spot on with your your calculation.

Checkers and fuel makes up the bulk. Then online card transactions such as paying Telkom and municipal accounts online. This includes electricity as I'm not on prepaid.

I would however only earn a third and be on level 3 if my wife and I did not decide to only use one credit card for all our transactions.

There was however an adjustment of eB4 000 for October when they calculated my ebucks incorrectly with the rule changes. This was only credited to my account this month.
 
AirWolf said:
Just read up on the eBucks website - seems like the 20% rule applies per card.
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Where do you see that because this makes it sound like the collective spend for all cards (both Dr and Cr) is what the 20% is based on:

https://www.ebucks.com/web/eBucks/earn/fnb-platinum-2014.jsp
Fuel spend limits and rules
Your maximum qualifying fuel spend is capped at 20% of your qualifying FNB Platinum Card/s spend for the month, with the maximum amount you can earn on fuel capped at eB6 500 per month.
You can fill up at any fuel service station, but you must pay for your fuel through the service station pay point - you won't earn eBucks if you pay for fuel at the convenience store at the service station.
An FNB Platinum Petro Card linked to an FNB Platinum Credit Card will qualify to earn eBucks when filling up at any fuel station.
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AirWolf said:
Ah, thanks. I think I misinterpreted when I read it the first time.
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I asked the FNB consultant the same question and he said its per card either credit or debit card so I only use my credit card for everything to be on a safe side
 
citizensa said:
I asked the FNB consultant the same question and he said its per card either credit or debit card so I only use my credit card for everything to be on a safe side
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Which FNB consultant? Often even the Premier/Private Client consultants are clueless. So unless they made 100% sure with someone very knowledgeable or they themselves are knowledgeable I would have my reservations about believing them.

If it really is per card, that is really sneaky and laborious to track. Those of us with multiple credit cards (one primary and one or many secondary cards) then really need to be quite pedantic of what we spend and in what ratio we spend on each respective credit card.
 
No I am talking about credit cards and cheque cards so even if you have multiple credit cards but it's linked to one account so it's considered as one
 
abudabi said:
Right.. so I'm averaging about 2 grand a month on fuel.

On RL4 I'll get 7.5% (R150) whereas on RL5 I'll get 15% (R300)
So just on fuel I'd be more than covering the R99 pm for the tablet... so even if I only sell it for R1500, I still win on both fronts (covering my monthly expenses as well as getting a R1.5k cashflow injection)?

Are my maths correct?
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No, you're wrong.
R2000 in fuel will give you on 7.5%........150ebucks (that's R15)
on 15%..........300ebucks (that's R30)
 
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beans100 said:
No, you're wrong.
R2000 in fuel will give you on 7.5%........150ebucks (that's R15)
on 15%..........300ebucks (that's R30)

This is where a lot of people gets themselves confused on and disappointment will reign. The percentage you get back from your spend in rands, isn't in Rands, but in ebucks.
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Nope. You are absolutely wrong - IT IS rand value, so eB1500 and eB3000 respectively.

Capture.PNG
 
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beans100 said:
Well, then they owe me a shait load of money

EDIT: On your pic, you see there in the blue, it says "7.5% back in ebucks"... is that on shopping only? So fuel is back in rands (orange)?
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Look. It is not complicated.

You spend R1000 on fuel. On reward level 5, you get 15% of the rand value, back in ebucks.
That is: R1000 * 0.15 (or 15%) = R150 which is 1500eBucks.

Or using the pic: R391.65 qualifying spend, which 7.5% is R29.40 (rounded) which translates into 294 ebucks.

To be able to qualify for R1000 fuel spend, you need to have at least spent another R4000 on other stuff, to not be capped by the 20% fuel earn cap rule. Not very hard to do, considering with groceries + bills paid online ect, you can easily miss that silly cap.

Try to have
20% or less of your monthly spend on fuel,
30% of less of your monthly spend at checkers,
50% or more of your monthly spend on bills paid via CC online or swipes and other stuff you need that is not fuel or available from checkers.
 
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