Tips to Boost your eBucks

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Inevitability said:
Sorry for asking to be spoon-fed, i just wanna get this 100% correct
Thanks in advance
Click to expand...

Unacceptable! I will not answer! My spoon has broken many pages ago!:p

(The fact that I do not know and also will be checking for the answer should be ignored at this point. :whistle:)
 
Inevitability said:
Ok, so just to be 100% clear...
There's a "Balance" and an "Available Balance" when I check online.
Right now my Balance show transactions that are from a few days ago, but my "Available Balance" shows my credit limit minus any unpaid swipes (including a swipe from yesterday which hasn't yet shown up on my Balance).
So, lets say my limit is R10,000 and I've swiped for R3000 for the month til yesterday, and another R500 yesterday so my Balance is showing R3000 but my Available Balance is R6500
So, which one to I pay? ...
Credit limit - Available Balance (R3500)?
or just the Balance (R3000)?
(My guess is the Balance)
My aim is to neither pay any interest, nor collect any interest for positive balances.

Sorry for asking to be spoon-fed, i just wanna get this 100% correct
Thanks in advance
Click to expand...

Answer is neither of these. The available and balance shown there is for this months spend. Just go to last months credit card statement and see what's the balance and pay that amount in full you won't pay interest. Cheers
 
eehellfire said:
I'm actually glad that I had to sign into Wesbank this month.
They have some new, cool functionality - like the payback curve on my vehicles to show when I'll break even on the loan vs car value.
I was okay from day one due to deposit and really good deals on vehicles, but it's nice to see it on a graph and I think it could be a really useful feature for those that are thinking of selling their cars that are still under finance.
Click to expand...

Where do you find this feature?
 
A few posts in here suggest that those with an FNB device purchased before the new rules took effect will still receive 1000 points.
has anyone received it?

Banker says that is not the case.
 
citizensa said:
Answer is neither of these. The available and balance shown there is for this months spend. Just go to last months credit card statement and see what's the balance and pay that amount in full you won't pay interest. Cheers
Click to expand...
Hmmmm.... that's an interesting twist.
Ok, so my transfers (payments) into the credit card have far exceeded the total outstanding balance on my last statement (...cos i swipe and then transfer money into the CC all the time).
I'll report back when i get my next statement.
 
Inevitability said:
Ok, so just to be 100% clear...
There's a "Balance" and an "Available Balance" when I check online.
Right now my Balance show transactions that are from a few days ago, but my "Available Balance" shows my credit limit minus any unpaid swipes (including a swipe from yesterday which hasn't yet shown up on my Balance).
So, lets say my limit is R10,000 and I've swiped for R3000 for the month til yesterday, and another R500 yesterday so my Balance is showing R3000 but my Available Balance is R6500
So, which one to I pay? ...
Credit limit - Available Balance (R3500)?
or just the Balance (R3000)?
(My guess is the Balance)
My aim is to neither pay any interest, nor collect any interest for positive balances.

Sorry for asking to be spoon-fed, i just wanna get this 100% correct
Thanks in advance
Click to expand...

I think you should pay the R 3500 because the R500 you spend yesterday will reflect soon on you account the your balance and available balance will be R 6500.
 
Inevitability said:
Hmmmm.... that's an interesting twist.
Ok, so my transfers (payments) into the credit card have far exceeded the total outstanding balance on my last statement (...cos i swipe and then transfer money into the CC all the time).
I'll report back when i get my next statement.
Click to expand...
Essentially you're paying before your payment is due.

I've posted many times saying one only has to pay the amount due on the due date as per last statement which will avoid interest.

Protip*: utilise the autopayment option to settle your full payment owing on due date and get RL points for doing so.

*credit to space chief
 
Inevitability said:
Hmmmm.... that's an interesting twist.
Ok, so my transfers (payments) into the credit card have far exceeded the total outstanding balance on my last statement (...cos i swipe and then transfer money into the CC all the time).
I'll report back when i get my next statement.
Click to expand...

That's fine so you don't have to pay anything to avoid interest being charged. I also do the same even though I have a standing instruction to pay the amt in full but it never happens as I always transfer more before due date
 
StrontiumDog said:
Essentially you're paying before your payment is due.
I've posted many times saying one only has to pay the amount due on the due date as per last statement which will avoid interest.
Protip*: utilise the autopayment option to settle your full payment owing on due date and get RL points for doing so.
*credit to space chief
Click to expand...
citizensa said:
That's fine so you don't have to pay anything to avoid interest being charged. I also do the same even though I have a standing instruction to pay the amt in full but it never happens as I always transfer more before due date
Click to expand...
Thanks guys ... I do also have the AutoPayment setup, just for the RL points.
 
PsYTraNc3 said:
A few posts in here suggest that those with an FNB device purchased before the new rules took effect will still receive 1000 points.
has anyone received it?

Banker says that is not the case.
Click to expand...

I got mine. Got my smart device in June. I'm on gold.
 
PsYTraNc3 said:
A few posts in here suggest that those with an FNB device purchased before the new rules took effect will still receive 1000 points.
has anyone received it?

Banker says that is not the case.
Click to expand...

I got mine. Private Wealth
 
Inevitability said:
Thanks guys ... I do also have the AutoPayment setup, just for the RL points.
Click to expand...
I would advise you and SauronZA or anyone insisting on paying way before payment due date, what you guys can do is, have your due date be the 26th**. Then statement billing cycle will be close to 1st to the end of the month.

Then if you paranoid, just settle / zeroise the current balance on the 1st of each month. By doing this then at any point in time you know what you've spend in the current month. Will make it easier to work out how capped you are on fuel and checkers, etc...

edit: ** You'll be losing out on about 25 days interest free, but on the plus side you not getting close to getting into too much monthly debt.

edit2: Not sure if changing payment due date cancels current credit card and issues a new one.
 
Last edited:
PsYTraNc3 said:
A few posts in here suggest that those with an FNB device purchased before the new rules took effect will still receive 1000 points.
has anyone received it?

Banker says that is not the case.
Click to expand...

Negatory on PC.
 
Inevitability said:
Ok, so just to be 100% clear...
There's a "Balance" and an "Available Balance" when I check online.
Right now my Balance show transactions that are from a few days ago, but my "Available Balance" shows my credit limit minus any unpaid swipes (including a swipe from yesterday which hasn't yet shown up on my Balance).
So, lets say my limit is R10,000 and I've swiped for R3000 for the month til yesterday, and another R500 yesterday so my Balance is showing R3000 but my Available Balance is R6500
So, which one to I pay? ...
Credit limit - Available Balance (R3500)?
or just the Balance (R3000)?
(My guess is the Balance)
My aim is to neither pay any interest, nor collect any interest for positive balances.

Sorry for asking to be spoon-fed, i just wanna get this 100% correct
Thanks in advance
Click to expand...

What I am paying when the due date comes : The transactions showing in the transaction list (meaning, everything that was processed from the last due date, to the next due date)
 
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