The FNB Private Clients Credit Card presents all-inclusive special privileges as well as banking solutions that are unique for clients as well as their kin members. This credit card is particularly marketed for the affluent segment as it comes with numerous features and privileges that will give off a lavish banking fee.
Whether you are interested in having a full package of travel benefits or come up with the creative payment option, the FNB Private Clients Credit Card has it for you. FNB Private Clients Credit Card offers a number of distinct features in form of the annual fees, credit limits, as well as the pros and cons of using the specified Credit Card.
Key information about the credit card
How does the annual fee work?
In addition to the annual fee of R200, the FNB Private Clients Credit Card attracts a monthly account fee of R176 taking the annual price tag to R2,112. This fee is an important factor to look at since it constitutes the essence of this card, which is a premium card with numerous benefits accompanying it.
How is the credit limit determined?
Specifically, the FNB Private Clients Credit Card credit limit is set depending on the applicant’s income and his or her credit history. Thus, for a conventional credit card, FNB evaluates the ability of the applicant, scope of credit history, income and current outstanding balances to determine the limit.
Advantages of the credit card
- eBucks rewards: Use it to pay for your everyday purchases on retailers such as Takealot, Checkers, Engen, iStore, and Clicks to earn eBucks.
- Debt protection: An immediate cover-up to a limit of R12,000 for death or any permanent disability.
- Purchase protection: The insurance defends the goods bought through the virtual credit card to the amount of R12,500.
- Medical expenses: Clear medical expenses at the interest rate which is at prime or prime + 2 %.
- Device repayment: Utilize the payments made through the budget facility to repay devices and get up to 60% cash back in the form of eBucks on the premiums paid every month.
Standout advantage
However, one feature that customers will be happy to embrace in the FNB Private Clients Credit Card is the multiple eBucks promotions. A cardholder’s FNB Life Insurance premiums, and other purchases from popular partners, provide them with high reward rates.
Disadvantages
- Monthly fee: High monthly account fee of R176, but not as high as the previous institution.
- Qualification requirements: That is why it is very important to have high income to be a member of that organization.
- Limited fee waivers: Limited to no ways to avoid the monthly account fee.
A standout disadvantage
By far the biggest of the disadvantages of FNB Private Clients Credit Card is the high monthly account fee it carries. It costs R176 monthly and may translate to added costs for cardholders in the long run. For some, these benefits might offset the annual costs of implementation; however, the values of get and bonus points must be established to determine if the company is indeed getting its money’s worth.
Who can apply for this card?
The FNB Private Clients Credit Card is designed for individuals in high earners’ category, excluding those with the monthly income above or equal to R21,000, or annual income above or equal to R248,000, but not more than R179,999.
Applicants should not be below the age of eighteen; they should not have a bad credit history. The card is not issued to persons with black list credit history, the target applicants will be required to produce evidence of income and identification details among other requirements.
How to apply for the FNB Private Clients Credit Card
For the website
To apply for the FNB Private Clients Credit Card through the website, one needs to get the FNB home page and click on credit cards. Here, you will get from it information on what the card offers, its costs, and how you can apply for the card. After that, click on the ‘Apply Now’, then fill in the online application form that appears on the screen.
Depending on the type of loan, you will be required to fill your personal information, income proof, and ID’s. Some of the features of this online application are that all the necessary information can be submitted online; the application is created to be rather simple. Once you apply and submit your application, you will be informed through your mail and once you receive the mail, FNB will then start processing your application.
Through the app
Another way through which a customer can apply for the FNB Private Clients Credit Card is through the FNB App. First of all, go to apply store and download the FNB App, launch it, and then insert the login credentials for FNB. Go to the credit card tab that you will be able to locate at the application where you will be able to read more about the Private Clients Credit Card.
Choose the link marked Apply here and you will be leaded through the application procedure. For instance, there is a possibility to scan necessary documents, including proof of income or identification, via the application from a mobile device. Further, the app updates the applicants on the status of their application hence one is informed at all times.
At the branch
As a result, using an application that requires face to face interaction is ideal especially if one wants to sign up for the FNB Private Clients Credit Card at one of the branches. You need to go to a nearby FNB branch and approach a customer service personnel from the private banking. The representative will proceed to give you the necessary information regarding the card utility as well as help you apply for it.
Original documents/copy of your proof of income, identification and any other relevant documents will be required as well. The in-branch is beneficial in the sense that it provides additional help with children wanting to apply for a credit card or trying to sort out details about the credit card account signed up for, all these with the assurance of receiving clarifications for all questions raised and information on how to fill the application correctly.
