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Will the new changes to eBucks decrease your current level?
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Will the new changes to eBucks decrease your current level?
- Thread starter Bradley Prior
- Start date
LCBXX
Honorary Master
I know this should bother me but it just doesn't really.
Prawnapple
Expert Member
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Like to go down by 1 level, from 3.5 average to around 2.X
Athos
Expert Member
This kills eBucks for me completely. It is pointless now.
Speedster
Honorary Master
Agreed. eBucks died yesterday. I'm most likely moving banks within the next two months
dualmeister
Honorary Master
Gave up on eBucks when they got into bed with PnP.
Red Plumstead
Expert Member
Can't go lower as I am on the lowest level of Zero. Do not have money to spend. At least I pay zero banking fees with my age.
Seriously fed up of being so loyal to Ebucks.
They’ve taken all the good stuff away and now are taking more.
Here’s Discovery Bank increasing their rewards and they have only been around for 2 years.
I really hope FNB reads this.
They’ve taken all the good stuff away and now are taking more.
Here’s Discovery Bank increasing their rewards and they have only been around for 2 years.
I really hope FNB reads this.
blaaislaai
Executive Member
We need an updated article of all the banks and their rewards, compared.
Jet-Fighter7700
Honorary Master
I still dont get why people are mad, if you are smart and spend only what you need, you still get something out,
Im on aspire, and still get my wimpy voucher, starbucks drinks and Kuai smoothie every fortnight/month/week, without much effort,
dont need to spend a fortune, anyway fill at engen, and go past PNP every so often,
bank rewards are just that, rewards, not the entire meal, if you play it cool, you still get stuff, and especially if you go in with modest expectations.
Saffers are so entitled snobs sometimes, go overseas once in a while, you lucky if you get a toaster with your bank account.
Im on aspire, and still get my wimpy voucher, starbucks drinks and Kuai smoothie every fortnight/month/week, without much effort,
dont need to spend a fortune, anyway fill at engen, and go past PNP every so often,
bank rewards are just that, rewards, not the entire meal, if you play it cool, you still get stuff, and especially if you go in with modest expectations.
Saffers are so entitled snobs sometimes, go overseas once in a while, you lucky if you get a toaster with your bank account.
Speedster
Honorary Master
You must be a joy around the braai
Athos
Expert Member
Same here. Will likely give Discovery bank a go.
It was part of the value proposition when I chose to go to FNB and when I chose to upgrade. They eroded the value significantly after I made a decision on it and today my decision would definitely be different. Nothing in this world is "free". I pay FNB monthly fee and they earn commission on my forex and can use the fraction reserve system to make significant interest income on my deposits. So no - this isn't "why do you complain about freebies". There isn't a freebie. A capitec account cost R7. 50 a month. My Private Clients account cost R495 per month. I don't do R487. 50 worth of transactions. So my question is what is the R487. 50 paying for? The "private banker" is useless - they have never been able to solve a single real problem for me, and as far as single point of contact they are useless as well - for an address change you still get bounced between departments.
So I justified the R487. 50 for the "perks" - E. G. Lounge access, eBucks etc. But now those perks are disappearing. I am not going to pay R487. 50 per month so I can tell people I am on Private Clients (and ha - with tap-and-go on your phone nobody even sees the card
). So now R487. 50 goes into a black hole each month.
Jet-Fighter7700
Honorary Master
fair point, but then why spend almost 500ZAR a month, then you can downgrade further to R110 on aspire and get your free coffee and Kuai and wimpy vouchers, every so often get R100 off a flight ticket and still keep an FNB account,It was part of the value proposition when I chose to go to FNB and when I chose to upgrade. They eroded the value significantly after I made a decision on it and today my decision would definitely be different. Nothing in this world is "free". I pay FNB monthly fee and they earn commission on my forex and can use the fraction reserve system to make significant interest income on my deposits. So no - this isn't "why do you complain about freebies". There isn't a freebie. A capitec account cost R7. 50 a month. My Private Clients account cost R495 per month. I don't do R487. 50 worth of transactions. So my question is what is the R487. 50 paying for? The "private banker" is useless - they have never been able to solve a single real problem for me, and as far as single point of contact they are useless as well - for an address change you still get bounced between departments.
So I justified the R487. 50 for the "perks" - E. G. Lounge access, eBucks etc. But now those perks are disappearing. I am not going to pay R487. 50 per month so I can tell people I am on Private Clients (and ha - with tap-and-go on your phone nobody even sees the card
So now R487. 50 goes into a black hole each month.
I mean I get it, they taking away freebies, but its still possible to get something reasonable from FNB, just need to lower your expectations
Jet-Fighter7700
Honorary Master
no bacon please
seriously Saffers are so entitled sometimes, no wonder the Chinese have you buying crappy cars from them,
its all about image
I have been loyal to FNB for some time, and recently upgraded to private banking. With the new rules however, I will be dropping to level 3/4. This makes it pointless to have such an expensive account as I will be getting very little back in eBucks.
I hear you about the value proposition. Before making a choice on banks, I weighed up all the offerings and FNB came out on top. Now, as they erode my ability to earn points and take away key partners (like Checkers) I do not see any value anymore.
On the other hand, Discovery Bank has taken on Checkers (31% discount for me), with a host of other partners (Baby city - 31%, Clicks - 31%, Woolworths - 10%, Dischem - 10%). So now I am stuck with a difficult decision, do i ride out level 3/4 on eBucks and downgrade my account, or close my account and switch completely to Discovery?
Years ago ABSA lured me into an account with a range of benefits like lounge access, Take me Home services etc. Only to find out that it was all removed by the time I wanted to use those benefits. I see FNB pulling the same stunts now. Not happy!
I hear you about the value proposition. Before making a choice on banks, I weighed up all the offerings and FNB came out on top. Now, as they erode my ability to earn points and take away key partners (like Checkers) I do not see any value anymore.
On the other hand, Discovery Bank has taken on Checkers (31% discount for me), with a host of other partners (Baby city - 31%, Clicks - 31%, Woolworths - 10%, Dischem - 10%). So now I am stuck with a difficult decision, do i ride out level 3/4 on eBucks and downgrade my account, or close my account and switch completely to Discovery?
Years ago ABSA lured me into an account with a range of benefits like lounge access, Take me Home services etc. Only to find out that it was all removed by the time I wanted to use those benefits. I see FNB pulling the same stunts now. Not happy!
Smiggles
Executive Member
Don't use eBucks. Capitec bank ftw! Pay low fees and get 1% back. No hoops to jump through.