Tips to Boost your eBucks

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zerocool2009 said:
I still don't get it why people go and make debt to earn rewards. I am sure you can get to level 5 without making short term personal loans (over drafts)
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Well, I had debt, still have, home loan long before I started playing the ebucks game, so lucky.
But I can see its a squeeze to make it without. However I agree, its possible.

Perhaps those that do, just dont have the cash for the investments that can give points ect, so short term they believe its easier to make the debt. Just shows you how programmed society is nowadays, to think that debt it "o k".
 
Tinuva said:
Well, I had debt, still have, home loan long before I started playing the ebucks game, so lucky.
But I can see its a squeeze to make it without. However I agree, its possible.

Perhaps those that do, just dont have the cash for the investments that can give points ect, so short term they believe its easier to make the debt. Just shows you how programmed society is nowadays, to think that debt it "o k".
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Debt is ok. But be wise when you make debt (that's my view).
Rewards must be a perk if you know what I mean.
It doesn't help you try and make debt to earn 500eB more (or to move a level up).

How I see this, if you are on level 5 without investing millions or making big debt, awesome. Then it is only the way how you shop and use your FNB accounts.

Anyway, this has been raised and raised ...

Looking forward to June 2016 new rules !
 
Method said:
So you use the overdraft?
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No. Credit affordability is based on your limits.

It is however interesting to note that Overdrafts are not currently being registered at credit bureaus - so if you went to a different bank they wouldn't have a clue.

I hope the new rules don't screw me over.
 
Garson007 said:
No. Credit affordability is based on your limits.

It is however interesting to note that Overdrafts are not currently being registered at credit bureaus - so if you went to a different bank they wouldn't have a clue.

I hope the new rules don't screw me over.
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That's interesting...Might explain why FNB wasn't interested in my Home loan application even though I earn enough to afford it.

Their loss to be honest.

I don't even use my Overdraft for anything other than moving money for 24 hours and then moving ti back for the eBucks.
 
Aqua_lung said:
Adding an overdraft seemed to have messed up my affordability, I need a smartphone to reach top tier but unable to pass affordability, even the cheapest phone is unaffordable. :erm:
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I think it's a system error but by any chance are you non South African without ID?
 
Method said:
That's interesting...Might explain why FNB wasn't interested in my Home loan application even though I earn enough to afford it.

Their loss to be honest.

I don't even use my Overdraft for anything other than moving money for 24 hours and then moving ti back for the eBucks.
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It may not be true banks consider many factors before financing a property first thing they want to make sure is they are not gonna be in lose and hence LTV i.e Loan To Value of property if they find less value than what you are asking then they will say No and it's entirely dependent on the bank evaluator
 
citizensa said:
It may not be true banks consider many factors before financing a property first thing they want to make sure is they are not gonna be in lose and hence LTV i.e Loan To Value of property if they find less value than what you are asking then they will say No and it's entirely dependent on the bank evaluator
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I see. I found it weird that my own bank (FNB) rejected me and I got it through other banks, but accepted Nedbank's offer.
 
Method said:
I see. I found it weird that my own bank (FNB) rejected me and I got it through other banks, but accepted Nedbank's offer.
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It happens all the time. Std Bank wouldn't budge on interest rate offered for vehicle finance through my business (bus. account with them for 20 years). Wesbank (no business relationship) offered much better rate. They got the business.
 
I am on Gold Level 5 and I don't have any debt. I also don't have any investments or a Home Loan with FNB. So it is definitely possible to not "pay" for e-Bucks.

When I applied for a Home loan FNB's interest rate was crazy! So I settled with Nedbank with gave me an interest rate less than Prime.
 
Cpt.SpAce.Cowboy said:
I am on Gold Level 5 and I don't have any debt. I also don't have any investments or a Home Loan with FNB. So it is definitely possible to not "pay" for e-Bucks.

When I applied for a Home loan FNB's interest rate was crazy! So I settled with Nedbank with gave me an interest rate less than Prime.
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Yes, Gold is the easiest to get RL5. When I was on Gold I didn't even try and got RL5 all the time. The goal posts get moved slightly when the package differs.
 
Even on Platinum and Private - if you've banked with FNB for 3+ years - it is relatively simple to get to RL5.
 
Inevitability said:
Stevi said:
I do feel for those just starting out and trying to figure out what to do
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no pain, no gain
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And anyway.. the people on this thread have been very helpful to anyone who made some attempt to understand the basics and then asked a question... it was only when someone dropped a post like "This thread is too long, how to I get to RL5 tomorrow" that they got shot down :)
 
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