The FNB Premier Debit Card is a financial product that offers a wide range of benefits, specifically tailored to individuals seeking a premium banking experience. It caters to a demographic earning between R300,000 and R749,999 annually, providing them with a host of rewards and exclusive perks. 

From easy access to banking services to travel discounts, the FNB Premier Debit Card is designed to enhance day-to-day financial management while offering valuable incentives. In this article, we’ll explore the key features of the FNB Premier Debit Card, including its advantages, disadvantages, who is eligible, and the steps to apply for the card.

Key information about the FNB Premier Debit Card

How does the annual fee work?

One of the key aspects of the FNB Premier Debit Card is that there’s no annual fee if you meet the balance requirement of R15,000 in your account. This feature is particularly attractive for those who want to avoid unnecessary banking charges while still enjoying premium services.

By maintaining this minimum balance, you can take full advantage of all the benefits without the worry of monthly deductions. This fee structure is ideal for clients who prefer flexibility and cost-effectiveness in their banking.

How is the credit limit determined?

Since the FNB Premier Debit Card operates within a current account framework, there isn’t a traditional credit limit like those associated with credit cards. Instead, the balance in your Premier Select Current Account determines your spending power.

This gives you full control over your finances as you can only spend the funds you already have available in your account. Additionally, the debit card can be linked to your savings, allowing for seamless transfers and an extended spending limit if needed.

Advantages of the FNB Premier Debit Card

• Rewards on travel and transport: The cardholders can earn up to 40% off on selected domestic and international flights, car rentals, and bus tickets through eBucks Travel, making it perfect for frequent travelers.
• Comprehensive travel insurance: This debit card provides free comprehensive travel insurance that covers medical expenses, cancellations, and damaged baggage for those under the age of 70, adding peace of mind for travelers.
• Fuel rewards: You can earn up to R8 per liter back in eBucks when paying for fuel at Engen stations using your virtual card. This reward is a fantastic benefit for those who frequently drive.
• Shopping rewards: With the eBucks rewards system, you earn up to 0.25% back on all in-store shopping purchases, and you can redeem these rewards for discounts of up to 40% at the eBucks Shop, giving you access to smart devices, appliances, and other products.

Standout advantage

One standout advantage of the FNB Premier Debit Card is its reward system, particularly the fuel rewards program. By simply paying for fuel at Engen stations with your virtual card, you can earn up to R8 per liter in eBucks.

This reward not only helps you save on one of life’s most regular expenses but also allows you to maximize your reward-earning potential, adding significant value to your day-to-day banking experience.

Disadvantages

• Balance requirement: To avoid monthly fees, you need to maintain a minimum balance of R15,000, which may be restrictive for some users.
• Limited rewards on everyday purchases: While the eBucks rewards system is beneficial, the cashback on regular in-store shopping is relatively low compared to credit cards with higher reward rates.
• Age restriction: The Premier Select Current Account is only available for individuals aged 55 and older, limiting the card’s accessibility.

A standout disadvantage

The primary disadvantage of the FNB Premier Debit Card is the requirement to maintain a balance of R15,000 or more in your Premier Select Current Account to qualify for fee rebates. For individuals who prefer more flexible banking solutions or may not have a steady income flow to maintain this balance, the need to meet this requirement can feel restrictive.

This balance condition can deter some potential users from fully enjoying the card’s benefits without incurring additional costs.

Who can apply for this card?

To apply for the FNB Premier Debit Card, applicants must meet specific criteria. First, the Premier Select Current Account, to which the card is linked, is exclusively available to individuals aged 55 and older. Additionally, applicants must have an annual income of between R300,000 and R749,999, ensuring that the card is tailored to those in the mid-to-high income bracket.

Other prerequisites include providing a South African ID book or card, recent payslip, proof of residence, and spousal consent if the applicant is married in community of property. The application process is generally smooth, and approval is often quick, provided these conditions are met.

How to apply for the FNB Premier Debit Card

For the website

Applying through the FNB website is one of the easiest ways to get your FNB Premier Debit Card. Simply visit the FNB homepage, navigate to the Premier Select Current Account section, and click “Apply Now.” From there, you’ll need to fill out an online form with your personal details, income information, and proof of residence.

You may also need to upload documents like your South African ID and recent payslip. Once your application is submitted, an FNB representative will contact you to finalize the process, ensuring everything is in order before your card is approved.

Through the app

Another seamless method to apply for the FNB Premier Debit Card is via the FNB mobile app. After downloading the app and logging into your account, you can easily navigate to the card application section. This platform allows you to upload your documents directly from your phone, such as your proof of income and residence, streamlining the process.

One of the app’s greatest advantages is its user-friendly interface, which guides you through each step. You can track the progress of your application within the app and receive updates in real-time. This method is perfect for those who prefer managing their banking needs from their smartphone or tablet.

At the branch

If you prefer face-to-face interaction, you can also apply for the FNB Premier Debit Card in person at any FNB branch. Upon visiting, you will be assisted by a team of bankers who will help guide you through the application process.

You’ll need to bring your identification, proof of residence, and recent payslip to complete the application. The branch staff will verify your documents and guide you through the account setup process. Applying in person provides the advantage of immediate assistance from FNB staff, ensuring that all questions and concerns are addressed during the application process.