Tips to Boost your eBucks

[AirWolf]

Because you earn interest on a debit balance? As opposed to paying interest on a credit one..

You speaking for the bank?

 

[Mike Hoxbig]

You speaking for the bank?

No, he asked why anyone would do that. You don't earn any interest on a cheque account, so why bother using it as a transactional account? You do earn interest on a credit card debit balance, so this would be a good idea with or without ebucks. The only reason most people avoided a debit balance was due to the 10-90% rule...

 

[RogueTr00per]

No, he asked why anyone would do that. You don't earn any interest on a cheque account, so why bother using it as a transactional account? You do earn interest on a credit card debit balance, so this would be a good idea with or without ebucks. The only reason most people avoided a debit balance was due to the 10-90% rule...

Well, on platinum, having a credit balance and using your own money to swipe with earns you a whopping 0.75% p.a. for amounts under 50k.

This makes no sense. Put the money in your bond rather.

Use the banks money, interest free, provided you settle the full amount owing by the due date for each billing cycle.

 

[SauRoNZA]

Well, on platinum, having a credit balance and using your own money to swipe with earns you a whopping 0.75% p.a. for amounts under 50k.

This makes no sense. Put the money in your bond rather.

Use the banks money, interest free, provided you settle the full amount owing by the due date for each billing cycle.

I'm not really talking about leaving money there perpetually but rather just loading up the card from th budgeting point of view for a given month.

I find I spend more since going for the "pay back the money" routine.

I also seem to be getting nailed with interest for something on my credit card every month.

 

[Mike Hoxbig]

Well, on platinum, having a credit balance and using your own money to swipe with earns you a whopping 0.75% p.a. for amounts under 50k.

This makes no sense. Put the money in your bond rather.

Use the banks money, interest free, provided you settle the full amount owing by the due date for each billing cycle.

It's not about using it as a means of investment. It's about never going into credit. Circumstances change, and not everyone will settle at the end of the month. Why risk owing the bank money when they can pay you and you can still earn eb?

 

[Hamish McPanji]

I'm not really talking about leaving money there perpetually but rather just loading up the card from th budgeting point of view for a given month.

I find I spend more since going for the "pay back the money" routine.

I also seem to be getting nailed with interest for something on my credit card every month.

Airtime or ATM withdrawals? I got caught with both a few months ago

 

[Hamish McPanji]

It's not about using it as a means of investment. It's about never going into credit. Circumstances change, and not everyone will settle at the end of the month. Why risk owing the bank money when they can pay you and you can still earn eb?

For me, I travel a lot.....and so try and keep my credit card account in the positive so my SO can spent the debit amount + credit limit when I am not around.

 

[AirWolf]

No, he asked why anyone would do that. You don't earn any interest on a cheque account, so why bother using it as a transactional account? You do earn interest on a credit card debit balance, so this would be a good idea with or without ebucks. The only reason most people avoided a debit balance was due to the 10-90% rule...

You've got the debit and credit mixed up from a customer perspective.

 

[Grasmuis]

I see they've dropped the 10-90% Credit Card limit rule. Does that mean essentially I could load it up with money and use it like a debit card?

They still have "Do you use between 10% and 90% of your FNB Gold Credit Card limit every month? " on their Ebucks calculator.

 

[Menz]

They still have "Do you use between 10% and 90% of your FNB Gold Credit Card limit every month? " on their Ebucks calculator.

Only FNB Gold Credit Card still has it. Nothing on Plat, PC and PW

 

[zerocool2009]

Because you earn interest on a debit balance? As opposed to paying interest on a credit one..

Mmmm, I found out what my interest rate is if I upload money to my CC. It is so little and not worth it.

I agree, why would you do this ? Use the banks money while you can, interest free

 

[RogueTr00per]

Ok, you gotta so what works for you.

I see they've dropped the 10-90% Credit Card limit rule. Does that mean essentially I could load it up with money and use it like a debit card?

isnt this 10-90% rule in reference to usage per calendar month and not a running balance reference. If so, you can use it like a debit card as you indicated.

 

[PsYTraNc3]

Also so damn pissed with this whole Wesbank thing. This is the response I got back from the eBucks team.
I'm certain though that my car is financed via Wesbank directly as even the lady that does all our company vehicle finance has a @Wesbank email address. Will light some fire under some @sses tomorrow :mad



Good day Mr.,

We do apologise for a delayed response.

Our records show that you do not hold a qualifying Wesbank finance.

Below are the current qualifying Wesbank finance accounts:
1. Wesbank (WBM)
2. Wesbank Private Finance
3. Wesbank non franchised dealers
4. FNB Vehicle Finance

Kindly be advised that should these qualifying WesBank accounts change, the eBucks website will be updated accordingly.

Should you require any further information on your Wesbank account you can contact Wesbank on 0861 288 272 or email them on [email protected]

Same... This is what I got

Good day xxx...,

Please accept our apology for a delayed response.

Kindly be advised that the way you receive points and earn eBucks on your FNB Platinum Accounts changed from 1 July 2015.

From the 1st July 2015, Platinum clients will no longer collect 1500 behaviour points for holding Smart Device, Tablet or Laptop contract. This includes members who hold active contracts taken out prior to 1 July 2015.

Our records show that the vehicle finance that you hold does not qualify for reward level points through WesBank .

In order to qualify for the WesBank points, your WesBank Vehicle Finance must be through Wesbank and not a division of WesBank.

Below are the current qualifying WesBank account

WesBank (WBM),
WesBank Private Finance
WesBank non franchised dealers
FNB Vehicle Finance

Kindly be advised that should these qualifying WesBank accounts change, the eBucks website will be updated accordingly.

Should you require any further information on your WesBank account you can contact WesBank on 08612882727 or email [email protected].

My vehicle is financed though Liquid Capital on behalf of Wesbank which is probably why I don't qualify

But the smart device points?? I read many posts on here saying that it should continue

 

[Necuno]

Same... This is what I got

"Good day xxx...,

Please accept our apology for a delayed response.

Kindly be advised that the way you receive points and earn eBucks on your FNB Platinum Accounts changed from 1 July 2015.

From the 1st July 2015, Platinum clients will no longer collect 1500 behaviour points for holding Smart Device, Tablet or Laptop contract. This includes members who hold active contracts taken out prior to 1 July 2015.

Our records show that the vehicle finance that you hold does not qualify for reward level points through WesBank .

In order to qualify for the WesBank points, your WesBank Vehicle Finance must be through Wesbank and not a division of WesBank.

Below are the current qualifying WesBank account

WesBank (WBM),
WesBank Private Finance
WesBank non franchised dealers
FNB Vehicle Finance

Kindly be advised that should these qualifying WesBank accounts change, the eBucks website will be updated accordingly.

Should you require any further information on your WesBank account you can contact WesBank on 08612882727 or email [email protected]."

What mine says in my profile... but still... you know fnb and eb

 

[Hamish McPanji]

What mine says in my profile... but still... you know fnb and eb

Am still pissed off about the in contact thing.

My personal banker called me asking me why I have given notice to withdraw 95% of my investments from FNB, and she quickly realised that that small rule changes have lost them a substantial sum of cash.

I informed her that from now on i will do the minimum required to keep my points level up and all my other banking will go elswhere. Investec offering me a better savings rate anyway.

 

[RogueTr00per]

^^ Double edged sword this eBucks story. Are you PW? They really should take better care of the PW (and maybe PC) guys...

edit: Just thinking about the cheque card story, it really is pointless having one as it will just count against you. If one wanted the convenience of using an ATM then perhaps get a Capitec account and cheque card?

 

[RogueTr00per]

I'm not really talking about leaving money there perpetually but rather just loading up the card from th budgeting point of view for a given month.

I find I spend more since going for the "pay back the money" routine.

Are you on a Gold credit card?

Get 2000 RL points for this:
"Have an Investment Account and maintain a minimum monthly balance of at least R10 000"

I also seem to be getting nailed with interest for something on my credit card every month.

PM your statement info if you like, I'll see if I can spot what may be causing it

 

[abudabi]

Are you able to request a banker change ? I'm on PC and mine is pretty slow (takes days to come back with feedback) & incapable of reading nicely structured emails.

 

[zerocool2009]

Are you able to request a banker change ? I'm on PC and mine is pretty slow (takes days to come back with feedback) & incapable of reading nicely structured emails.

Think it is possible. A private banker isn't just your banker. She/he handles quite a lot of clients. Ask for the departments snr and take it from there.

 

[Menz]

Are you able to request a banker change ? I'm on PC and mine is pretty slow (takes days to come back with feedback) & incapable of reading nicely structured emails.

Should you succeed, please give us feedback. Trust me, mine is the worst of them all.