When it comes to exclusive and prestigious services packed in one credit card, FNB’s Private Wealth Credit Card is the ultimate solution for those, who want to have it all. 

From substantial eBucks rewards to complimentary lounge visits and extensive insurance coverage, this card is crafted to meet the sophisticated needs of its holders. Let’s dive into the key features and benefits that set this card apart.

Key information about the credit card

How does the annual fee work?

FNB Private Wealth credit card is charged at R325 every year or R27. World credit card aspires to be more than a financial product, but also an experience for its clients. Yet, this may at first glance may appear significant, it is also necessary to look at the number of perks included in this fee. The reward is justified once the cardholders get back up to thrice their monthly account fee.

How is the credit limit determined?

The credit limit of the card depends on the credit capacity as well as the earnings of the holder, and for the FNB Private Wealth Credit Card. While the usage of this card up to a predetermined limit may be restricted through the deposited amount as is common with most prepaid cards, this card’s limit is effectively determined during the evaluation of the applicant’s financial capabilities.

Advantages of the credit card

• Exclusive travel benefits: Members can access the SLOW Lounge four times more through eBucks travel and fly for 40% eBucks discount and get free travel insurance.
• eBucks rewards: Get up to 100% cash back of your monthly account fee as eBucks that you can use to shop at Takealot, Checkers, Engen, iStore, and Clicks.
• Innovative payment solutions: There is also an option of a virtual card that can be utilized to shop locally or online using the card from the FNB App.
• Comprehensive insurance cover: 14 days – R12 000 Death Benefit plan and the pot to increase the debt protection cover, as well as up to 40% off on selected FNB Life Insurance premiums.

Standout advantage

One of the distinguishable benefits they list under FNB Private Wealth Credit Card is the numerous travelling privileges. Cardholders get up to 36 free access to the classy SLOW Lounges, 40% off on chosen flights, and VIP Global Travel Insurance at no cost.

Disadvantages

• High income requirement: The card is however limited to availability to users with an annual income of R1. Remunerative, with a circulation of 8 million or more, making it not so public friendly.
• Monthly fee: However, some of the users may still consider the R325 monthly fee as irrelevantly high despite the benefits of affiliation.
• Potential for overspending: The credit limit is high and connotes that there will be a propensity towards the spending of much more if not tended too properly.

A standout disadvantage

The major negative aspect of the FNB Private Wealth Credit Card is clearly the fact that it is an income exclusive card. The required annual income is a minimum benchmark of R1. In the case of media with a circulation of 8 million or more, it is not affordable to a large section of the population.

Who can apply for this card?

The FNB Private Wealth Credit Card is available only for the individuals with the annual income starting from R1. 8 million or more. Below are some of the requirements that the applicant must meet: First of all, they should be of age, specifically at least 18 years, and hold a South African identity document. Also, important is a clean credit record, which an unemployed or even a fired person could not meet thus inhibit him/her from accessing the loans.

How to apply for the FNB Private Wealth Credit Card

For the website

To apply for FNB Private Wealth Credit Card using the website is by first accessing the FNB website. They visit the company’s “Private Wealth Credit Card” segment where Company provides detailed information on the card and what it offers.

Here, you should find an Apply Online link, if it’s authorized by the company. By clicking on this you will be directed to an Application Form and you will need to fill in various fields, that pertain to personal information and information about fiscal capacity.

Make sure that all the information input is correct and recent because it will be used for evaluation of the application. Once you complete the form, FNB will look into your application and should you be given the green light, your card will be delivered to you with details on how and when to begin using your card.

Through the app

The application for the Private Wealth Credit Card in FNB App is easy and secure to provide. The process starts with installation of the app from the Google Play Store or the Apple Store then log in to the app using sign in details.

Further, if the user does not have account to access the website, then he or she has to get registered on the site. After logging into the online banking facility, under the credit card options, choose the Private Wealth Credit Card.

As for the application process, the application will lead you step by step through the submission of such information as personal information, proofs of income, and other documents required. The simplicity of the design of the app implies that every process is well explained, and therefore understandable. After the completion of the above application, the status of application can be followed through the app and the card will be received after the approval.

At the branch

Another method which makes it possible to apply for FNB credit card is in person at the branch which is suitable for people who like to communicate using spit mouth. Go and consult a consultant at the nearest FNB branch regarding your interest in the Private Wealth Credit Card. The consultant will fill you with an application form and explain to you how to fill it.

It is advised to provide all documents which can confirm income, identification, and any other documents if available. The consultant will forward your application to representation and the results will be communicated back to you. This method is appropriate if one needs to seek help from a practitioner since it is done in a one-on-one setting and invites an immediate response to the questions being posed.