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The FNB Premier credit card application is the first step towards a set of exclusive benefits, designed for professionals and high-income individuals in South Africa.
In addition to explaining how to apply for the FNB Premier credit card, we will help you understand all the benefits offered by this card, so you can determine if it is truly the ideal card for your needs.
You’ll see that this article will guide you through the FNB Premier credit card application process, detailing the necessary documents, eligibility criteria, and the main attractions that come with the card, as well as other relevant information. Keep reading.
Advantages of the FNB Premier Credit Card
1. Points Program (FNB Premier credit card application)
The FNB Premier stands out for its eBucks rewards program.
It encourages centralizing your banking operations with FNB. Benefits include:
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- Up to 15% back in eBucks on purchases at partners like Shoprite, Checkers, and Clicks.
- Up to R8 per liter on fuel at Engen.
To get the highest rewards, use the FNB virtual card.
Purchases with the virtual card yield more eBucks. While the physical card offers a fixed rate of 0.25%.
Furthermore, the eBucks program rewards good financial behavior and the use of FNB’s digital tools.
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You can also earn extra points by interacting with features like My net worth or Credit status in the app.
In addition, increasing your balances in FNB savings or investment accounts by at least R1,250 monthly generates more points.
2. Travel Benefits (FNB Premier credit card application)
For frequent travelers, the FNB Premier offers notable benefits, especially:
- Lounge Access: Up to 8 free annual visits to domestic SLOW lounges, with the possibility of earning 12 bonus visits when booking flights through the FNB app.
- Travel Discounts: Up to 40% discount on selected flights and Avis car rentals, when booked via the FNB app.
- Free Travel Insurance: Free global travel insurance activated when paying for international tickets with the card.
Costs of the FNB Premier Credit Card
The FNB Premier card has fees that require your attention.
The monthly account fee is R240. However, there is a reduced option of R209 for those with an FNB Fusion account (which integrates a current account and credit card).
In addition, there is an initiation fee of up to R199.
Information about fees may vary due to different pricing options:
- Bundled Pricing;
- Unlimited Pricing;
- Pay-As-You-Use.
The “Bundled” option, which combines a current account and card, is the most popular and offers the most competitive rate.
Guide to FNB Premier Credit Card Application
The FNB Premier card application process is simple.
The main requirement is to have an annual income between R300,000 and R749,999. You can request FNB to contact you or visit a branch.
Furthermore, you must gather the required documents, especially:
- Valid South African identity document.
- Proof of residence.
- Recent payslip.
- Bank statements from the last three months (for non-FNB clients).
Remember that you should access the bank’s official website FNB to apply, or you can also apply through the bank’s app.
This straightforward process allows the bank to verify your income and eligibility for approval.
Frequently Asked Questions
1. How does the eBucks rewards program work and how can it be maximized? (FNB Premier credit card application)
The FNB Premier eBucks program rewards financial behaviors. To maximize earnings, integrate into the FNB ecosystem by:
- Shopping at partners: Receive up to 15% back in eBucks at places like Shoprite Checkers, Clicks, and Engen.
- Using the virtual card: Essential for obtaining the maximum eBucks rate, while the physical card yields only 0.25%.
- Using digital tools: Earn extra points by using functions like My net worth or Credit status in the FNB app.
- Increasing balances: Accumulate more points by maintaining and increasing balances in FNB savings and investment accounts.
- What is the difference between the FNB Premier virtual and physical card?
- Physical card: Traditional plastic card for in-store transactions and withdrawals.
- Virtual card: Digital version in the FNB app. Offers greater security. And maximizes eBucks earnings. As purchases with it yield a much higher return rate. Can be used for tap-to-pay and in digital wallets.
2. What is the typical interest rate for the card and how is it determined?
The FNB Premier card interest rate is not fixed; it is personalized according to your credit profile, evaluated during the application.
Furthermore, FNB offers up to 55 interest-free days on purchases, provided the balance is paid in full by the due date.
3. How does the FNB Premier card’s travel insurance work?
The card offers free global travel insurance to the cardholder.
To activate, pay for your international round-trip ticket with the FNB Premier card.
There are eligibility criteria, such as being under 75 years old. To activate coverage, activate the policy online before travel and keep the policy number and benefits schedule with you.
4. What is the purpose of the credit facility and how does it differ from a standard current account? (FNB Premier credit card application)
The FNB Premier credit facility is a revolving credit line with access to funds up to an approved limit.
Unlike a standard current account, which does not accumulate debt, the credit facility offers benefits such as the period of up to 55 interest-free days on purchases and the option of a Budget Facility for larger purchases (payment in 6 to 60 months).
Conclusion
The FNB Premier credit card is an excellent option for the client willing to integrate their financial life into the FNB ecosystem.
Therefore, if you are already an FNB client or are willing to transfer most of your services to them, the card can undoubtedly give you substantial rewards, travel discounts, and integrated protections that outweigh the monthly costs.
Attention! Success with this card requires active engagement. If you don’t use the app, the virtual card, and other digital tools, you simply won’t get the full value it can offer.
Ultimately, FNB is focused on building long-term relationships with high-value clients, not on competing for the broader public.
Although this card is good, it’s worth checking out other options. If you want to be sure you’re making the best choice, check out the best credit cards in South Africa.