What are the real FNB Account differences?

[airborne]

Agreed, but doesn't using your credit card for fuel (even at Engen) start the interest process on your credit card negating the "55 days interest-free"? I've been seeing interest of a few hundred rands the past couple of months on my account even though I settle the credit card at the beginning of each month.

You should check when is your due date for the month and settle a day before that.

^ That's it, only settle the previous months statement amount which is owing, on the last day of the 55 days interest free, which is normally around the 24th of the month.

 

[backstreetboy]

I've never had issues with Fnb marketing, I hate spam and unsubscribed from their marketing long time ago.

You have to be subscribed to their marketing for Ebucks unless they changed it recently.

 

[Snyper564]

You have to be subscribed to their marketing for Ebucks unless they changed it recently.

Changed it recently

 

[airborne]

You have to be subscribed to their marketing for Ebucks unless they changed it recently.

Changed it recently

I'm on Gold and that ebucks requirement was removed long time ago.

 

[Snyper564]

I'm on Gold and that ebucks requirement was removed long time ago.

Recently I have only been on 2 annual cycles, it was available on the first isnt available after last update. Doesnt really matter as its no longer there...

 

[airborne]

Recently I have only been on 2 annual cycles, it was available on the first isnt available after last update. Doesnt really matter as its no longer there...

As far as I know the marketing requirement for ebucks remained on some account types above gold for a while after it was removed from gold.

 

[newby_investor]

You got points for it IIRC but it wasn't a requirement. Just easier to get to lvl 5 with it.

I don't know what mine is at the moment, I don't even notice FNB spam calls in and among all the other spam calls I get lately...

 

[KleinBoontjie]

Are you Reward Level 5?

And what level were you before?

Because if you did it right you shouldn’t be earning less in eBucks, and if you were really getting 8,000 eB on a lower account you much have been spending enough or had a high enough level.

You should get an easy R1,000 in eBucks on Premier.

Easy?? Are the ebucks just falling from the sky on premier? For a thousand rand ebucks return, there will have to be quite a lot of spending.
I'm now constantly on level 5 (Gold account), for the last year. Still I only get R60 to R100's worth of ebucks. Don't think the rich people realize how much they actually spend.

On the highest earner, I think that's fuel at R4/l, a R1000 will equat to 250 liters. That's almost R4000 worth of petrol. To earn a R1000 at Shoprite at 15%, you'll have to buy roughly R7000.
In reality it looks like only the top 5% of this country's people can benefit from ebucks (all 5% seems to be on this forum). The rest of us simpletons is merely subsidizing the riches ebucks, like sweatshop workers.

 

[SauRoNZA]

Easy?? Are the ebucks just falling from the sky on premier? For a thousand rand ebucks return, there will have to be quite a lot of spending.
I'm now constantly on level 5 (Gold account), for the last year. Still I only get R60 to R100's worth of ebucks. Don't think the rich people realize how much they actually spend.

On the highest earner, I think that's fuel at R4/l, a R1000 will equat to 250 liters. That's almost R4000 worth of petrol. To earn a R1000 at Shoprite at 15%, you'll have to buy roughly R7000.
In reality it looks like only the top 5% of this country's people can benefit from ebucks (all 5% seems to be on this forum). The rest of us simpletons is merely subsidizing the riches ebucks, like sweatshop workers.

The comment was based on the simple understanding thar he selected Premier as an account type which means he should be having a certain minimum income to make use of it.

Your calculations and numbers for the rest of your post are way off though, mostly because all those things are capped at much lower values illustrating that you don’t understand the system and probably why you earn so little.

I spend R2500 on petrol and R2000 at Checkers and that funds most of my ebucks to the tune of about R750.

That’s money I have to spend, it’s not extra spending or “rich” spending for eBucks.

I suspect you are doing something wrong, but then I also can’t comment on the Gold accounts.

Premier accounts are well outside the 5% you speak of, but yes by everyone can reap the rewards and benefits just like not everyone will be rich.

But it’s a simple case of using the money you have to spend as wisely as possible for the most reward.

Since you brought it up thought what is your total spending in a month?

****

And if you are legitimately unable to even make back your bank fees then you might be on the wrong product and should maybe forego ebucks.

The reality is for most people who earn reasonably it’s a no brainier and money they would just spend otherwise regardless.

 

[airborne]

If anything at a minimum ebucks will typically cover your monthly bank charges so in this case the lunch is actually free.

I've done the maths before and the low cost or near "free" banking accounts from all banks charge for things that are free on "expensive" accounts, to various degrees - like debit orders, swipes, cash withdrawals, deposits etc, which means despite costing less than say a Gold Cheque Account with credit card its not by much and then you lose the overdraft, credit card and ebucks.

An overdraft really is an amazing thing, compared to a typical loan its ultra low cost and easy to access. No one should live on an overdraft but every so often it can be a life saver.

 

[shooter_za]

There is an eBucks calculator on the eBucks site. I try it out every few months. I will be losing money if I sign up for it on premier or gold with my spending.

 

[newby_investor]

And if you are legitimately unable to even make back your bank fees then you might be on the wrong product and should maybe forego ebucks.

The reality is for most people who earn reasonably it’s a no brainier and money they would just spend otherwise regardless.

This. My average is about R600 per month (so R400 less the bank fees) and that's no spending just for spending's sake - paying my bills, feeding my family, putting petrol in my car...

 

[KleinBoontjie]

The comment was based on the simple understanding thar he selected Premier as an account type which means he should be having a certain minimum income to make use of it.

Your calculations and numbers for the rest of your post are way off though, mostly because all those things are capped at much lower values illustrating that you don’t understand the system and probably why you earn so little.

I spend R2500 on petrol and R2000 at Checkers and that funds most of my ebucks to the tune of about R750.

That’s money I have to spend, it’s not extra spending or “rich” spending for eBucks.

I suspect you are doing something wrong, but then I also can’t comment on the Gold accounts.

Premier accounts are well outside the 5% you speak of, but yes by everyone can reap the rewards and benefits just like not everyone will be rich.

But it’s a simple case of using the money you have to spend as wisely as possible for the most reward.

Since you brought it up thought what is your total spending in a month?

****

And if you are legitimately unable to even make back your bank fees then you might be on the wrong product and should maybe forego ebucks.

The reality is for most people who earn reasonably it’s a no brainier and money they would just spend otherwise regardless.

Strange how when people ask for what car to buy on this forum, the first thing people ask is : "what's your budget". When someone ask about ebucks, then they're immediately told that they can "easily" make R1000 of ebucks per month.
I'm not arguing the fact that you can't make that much ebucks, I'm just questioning everyone's assumption that anyone asking for more info, have the same spending habits (or funds) to earn the same.

 

[zerocool2009]

Strange how when people ask for what car to buy on this forum, the first thing people ask is : "what's your budget". When someone ask about ebucks, then they're immediately told that they can "easily" make R1000 of ebucks per month.
I'm not arguing the fact that you can't make that much ebucks, I'm just questioning everyone's assumption that anyone asking for more info, have the same spending habits (or funds) to earn the same.

It is bloody easy (seriously). But as I said for years (ebucks is change how you can use FNB really smartly towards your advantage)

 

[KleinBoontjie]

It is bloody easy (seriously). But as I said for years (ebucks is change how you can use FNB really smartly towards your advantage)

90% of South Africa earn less than R7300 per month. How easy is it to earn a R1000 worth of ebucks on less than R7300 per month. (source : LINK)

 

[backstreetboy]

If anything at a minimum ebucks will typically cover your monthly bank charges so in this case the lunch is actually free.

I've done the maths before and the low cost or near "free" banking accounts from all banks charge for things that are free on "expensive" accounts, to various degrees - like debit orders, swipes, cash withdrawals, deposits etc, which means despite costing less than say a Gold Cheque Account with credit card its not by much and then you lose the overdraft, credit card and ebucks.

An overdraft really is an amazing thing, compared to a typical loan its ultra low cost and easy to access. No one should live on an overdraft but every so often it can be a life saver.

Been proven long ago that bundle accounts are more expensive compared to PAYT accounts. I fail to see the point of an overdraft when you have a free or cheap credit card.

As you can see the bundle accounts are all more expensive...

 

[SauRoNZA]

Strange how when people ask for what car to buy on this forum, the first thing people ask is : "what's your budget". When someone ask about ebucks, then they're immediately told that they can "easily" make R1000 of ebucks per month.
I'm not arguing the fact that you can't make that much ebucks, I'm just questioning everyone's assumption that anyone asking for more info, have the same spending habits (or funds) to earn the same.

Like I said if they are on Premier they fall into a given income bracket.

The “easily” lies in the fact that if it’s money they were going to spend anyway it doesn’t require any special effort on their part.

All my ebucks come from things I have to pay for whether I like it or not. The only difference is that I pay some things with my card where I would have EFT’s it otherwise.

You also didn’t answer the question about your particular funds situation as it would need quickly make it clear whether you are doing it wrong or just not in the required spending bracket.

Even on the lower plans it should be pretty easy to at least make back double your bank fees.

 

[SauRoNZA]

Been proven long ago that bundle accounts are more expensive compared to PAYT accounts. I fail to see the point of an overdraft when you have a free or cheap credit card.

As you can see the bundle accounts are all more expensive...

Depends entirely who the user is said bank account is and how they operate.

But someone who doesn’t use the amount of transactions shouldn’t be on a bundled account that part I can agree with.

It’s why both exist after all.

 

[KleinBoontjie]

Like I said if they are on Premier they fall into a given income bracket.

The “easily” lies in the fact that if it’s money they were going to spend anyway it doesn’t require any special effort on their part.

All my ebucks come from things I have to pay for whether I like it or not. The only difference is that I pay some things with my card where I would have EFT’s it otherwise.

You also didn’t answer the question about your particular funds situation as it would need quickly make it clear whether you are doing it wrong or just not in the required spending bracket.

Even on the lower plans it should be pretty easy to at least make back double your bank fees.

OP is on easy account, he didn't say what he can qualify for.
I'm about 80k/year away from qualifying for premier (Although, that's not stopping FNB from trying to sell me premier).

 

[SauRoNZA]

OP is on easy account, he didn't say what he can qualify for.
I'm about 80k/year away from qualifying for premier (Although, that's not stopping FNB from trying to sell me premier).

Then you should note that I didn’t respond to OP when I made the comment...