I saw this discussed some time back, but lost track of it. What was the verdict with regards to moving money in and out of your access bond and losing out on some of the home loan points? Not a re-advance, just playing with the access funds.
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Tips to Boost your eBucks
- Thread starter sdd
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I am trying to purchase airtime for the first time through the eBucks Shop.
Telkom Mobile - 40% off. It's not adding my R100 voucher to the cart or anything? Asks me for the number and then that's it.
What am I doing wrong?
Telkom Mobile - 40% off. It's not adding my R100 voucher to the cart or anything? Asks me for the number and then that's it.
What am I doing wrong?
RogueTr00per
Honorary Master
I moved funds in and out of my access bond last month and no loss of points (on platinum) .
The discussion revolved around what constitutes a manual withdrawal. It would seem (based on my experience) i didn't violate the rule.
RogueTr00per
Honorary Master
So assuming someone else's experience to be consistent with mine, I was right and the eBucks team was wrong! Bunch of morons... My post from the beginning of June below:
They might have said that but it makes no sense and I suspect they are wrong. As we've seen before, eBucks rules are notoriously ambiguous and FNB's own staff are often clueless about the finer points of their own rules.
Based on what Sinbad and the eskimo said, I think that eBucks won't be penalising us for withdrawing funds from a Flexi Option access bond as there is no "manual" intervention required to make such a withdrawal. Anyway, that's my view
SauRoNZA
Honorary Master
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"
PM your statement info if you like, I'll see if I can spot what may be causing it
Nah on Platinum.
But I've put 50k into a Flexi 32-day now to get the points. Largely because I owe someone a 100k but they don't want to charge me interest for it and don't want me to pay it bit by bit so I said fine you don't want the interest I'll gain the interest to help pay it back.
As for the interest I recall someone here stating that certain things accrue interest immediately? What were those? Then I should be able to figure it out quickly enough.
Thing is at the moment I leave money in my cheque account and then I look at the Credit Card balance vs the Cheque balance to make sure I can pay it back end of the month. If I could simply load up the credit card with what I WANT to spend from a budget point of view at the beginning of the month it would help greatly to alleviate overspend. If anything is left then I can dump it into the 32-day knowing I won't need it since it will be "locked" in there.
Same here yes. Got my Home Loan points even though I did take money out. But I will only trust in a month or so after they get over all the rule-change chaos
SauRoNZA
Honorary Master
Yes it was a running balance, but that would require me going into credit every month and paying it back.
Like I explained in previous post I would prefer to just load up the card, which now seems possible since this rule is gone.
Which is weird because now they don't encourage anyone to really use the credit card and fall in the debt trap any more.
SauRoNZA
Honorary Master
They are very confused...I'm starting to wonder if someone does all this manually.
I got the points for the 12-months Home Loan thing...although my loan only just started and I haven't even paid the first installment yet.
"Have an active FNB Home Loan, One Account or Single Facility that's in good standing for at least 12 months"
RogueTr00per
Honorary Master
I'd say in keeping with the spirit of the rule, they are rewarding you for having the bond, but not penalising you for only just having opened it.
What the rules state in the rules documents that are released to us and how the rules in the backend are coded is obviously different.
Got a response from FNB on my Wesbank finance.
What the actual F? What an arbitrary distinction! Its not like they aren't making any money from me. FFS, I contacted Wesbank directly when applying for finance - they told me they could not help me because the dealer had already contacted them on my behalf.
Its the same flipping company - I don't care who they pay commission out to.
What the actual F? What an arbitrary distinction! Its not like they aren't making any money from me. FFS, I contacted Wesbank directly when applying for finance - they told me they could not help me because the dealer had already contacted them on my behalf.
Its the same flipping company - I don't care who they pay commission out to.
RogueTr00per
Honorary Master
I'd wager it was usage rule, not a running balance rule. Moot point now if its been removed.
What about setting your payment due date to be the 1st of every month, then you set yourself a budget, and don't ever exceed a negative balance greater than your budget?
Regarding items attracting interest immediately they are: cash withdrawals, EFT from credit account, prepaid transactions ( electricity, lotto, airtime), petrocard transactions, etc... Is all i can recall right now.
Fuel on credit card should not be attracting interest.
Hamish McPanji
Honorary Master
basically your ebucks is your comms when you go direct
They wouldn't allow me to.
zerocool2009
Honorary Master
Related to everyones question about the flexi bond. I think FNB did the wording wrong there.
The rule is (that is according to an Homeloan expert), if you apply for additional funds and FNB pays that out. It has nothing to do with moving funds around. That is where the confusion is coming in.
The rule is (that is according to an Homeloan expert), if you apply for additional funds and FNB pays that out. It has nothing to do with moving funds around. That is where the confusion is coming in.
SauRoNZA
Honorary Master
If anything they are probably making MORE money from you as a division instead of completely directly.
SauRoNZA
Honorary Master
On the topic is there any way to change your debit order through Internet Banking? Or do I need to call someone?
I guess I could pop Premier an email to have it done.
AirWolf
Honorary Master
Had interest on my statement last month, and this is the only transaction I can attribute it to...
Tinuva
The Magician
I only get interest on my CC when I didn't pay it off for 55 days. I do all my fuel purchases on my CC and usually don't have any interest on my statement.
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