Thursday, April 05, 2012

FNB Platinum - best in Credit Card in SA for now

After my frustrations with Easypay I paid once for my telephone and electricity at Checkers (my local supermarket) and then realised that I could just add them both to my FNB platinum card via their internet banking list of recipients. Duh! What a pleasure, I must also thank FNB for the time they took to confirm how simple it is to get a platinum card and the benefits of the SLOW lounge at the airports. I also send kudos for a flawless Android App which makes banking (using my credit card account) a cinch.

It really saves to fly Mango (or Kulula) and hang out in better luxury than the SAA lounges. There are a number of other benefits like free card delivery and secondary cards, petrol cards with benefits, and some less useful ones like the platinum support but overall this is IMHO the best credit card in SA today by far.

Paypal integration also good as you may expect as they own Paypal in SA. And their CEO is a young practical approachable guy who spoke at the Silicon Cape event last year.
Much more than that I must also admit that I've owned an FNB credit card since my Bar Mitzvah so it's realy my oldest bank account (even when I was out the country for four years I managed to maintain it thanks to my late fathers help).
This leaves much to be desired for my other bank ABSA. As opposed to eBucks which I consider the premium loyalty banking service in the country (linked to dozens of online and offline services including most notably Engen and Kalahari as well as Woolworths, Makro, Kulula, Dischem, etc.) ABSAs Leisurelink closed down over 2 years ago. At the time we thought it was just ABSA insourcing. 18 months later I was sorry to say that had become the biggest thorn in ABSAs side. The promise was: "If you are an Absa Rewards member, earn Cash Rewards and qualify for great specials and discounts every time you use your Absa debit, cheque or credit card to pay at any of our participating Rewards Partners". Going to site one got: "The site's security certificate has expired!: and "The Absa Rewards programme has terminated with effect from 1st April 2009 however after paying a nominal fee (of a few hundred rand a year) one got absolutely nothing. Apparently the rules changed at the beginning of this year and the ±1% in 'ABSA rewards' was re-instated for all credit card purchases (for the 18 months prior it was only purchses from 'selected' partners that one earned rewards. I have yet to see what benefits can come about from these rewards and I'm aware ABSA is operating the Woolworths credit card which I considered getting for our domestic recently until I saw something better... see my next post....
Had to slot in an info graphic made by Scott Mooney a connection of a connection old family friend:

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