Get your first credit card from FNB
19th January 2017
This article is here to help you decide which is going to be your first credit card with FNB. FNB bank has tailored their credit card facility to suit and cater for the unique needs of the banking public. The cards can cater for both personal and business banking needs. As such the options available to customers are wide and simple to access.
Deciding on your first credit card with FNB
Under Personal Banking, FNB provides a variety of 5 credit cards which cater to consumers based on their economic status. The first tier or entry level card is in the PetroCard family. Designed to provide for individuals who earn a minimum of R80 000 annually. The card has advanced contactless card payment, with a chip and pin for security. A few benefits of this card include the following:
- AA roadside assistance
- Free take me home services
- Personalised interest rates and limits.
Medium net worth
The second tier card is the Gold card which caters for those earning between R80 000 and R350 000. In addition to the primary benefits of the Petro Card, the Gold Card unlocks, even more, benefits. Get access to trade partners linked promotions and rewards such as eBucks. The Premier Card is the link to the private banking spectrum. Catering for the professionals who earn between R350 000 and R750 000 per annum. The Premier Card also provides access to Private Premier Bankers. The card offers more Trade linked rewards which even include discounts and price reduction on services from that business partner.
High net worth
To cater for high net worth clients, FNB provides the Private Clients and Private Wealth which apply for individuals earning between R750 000 and R1 500 000 and those earning above R1 500 000 respectively. These two accounts are also tailored around the lifestyles of the consumer, giving them automatic access to lifestyle related trade linked rewards. Features of the account include a private banker, free delivery of the credit card and more mobile and remote banking facilities.
Similarly, FNB Business accounts are also split between the general accounts with generic features and the more detailed features accounts. The three general accounts include the Gold, Platinum and Enterprise Business Accounts which organisations can choose based on the revenue they generate per annum. The niche accounts also include Agriculture Business, Public Sector Business, General Trust and Attorneys Trust Accounts. The latter are designed to cater for and meet the specific requirements of the specialised industry business owners in those industries serve.
This plan is ideal for young people who need their first credit card. FNB also provides platforms for the younger generation to embark on their financial management journey through its various savings accounts products. These include Youth Account for those under 13 years, Teens and Student Accounts, My First Savings Account, Starting Out Account and the unique Islamic Youth Account which does not charge interest for both the debit and the credit account. Other accounts also include the Transactional Accounts that allow one to carry out basic banking transactions or to save towards a set target, the Global Account, the FNB Easy Account and the Cheque Account.
All info was correct at time of publishing