In a strategic move to enhance its customer benefits, FNB has unveiled an exciting collaboration with SPAR, enabling FNB Private Clients to accrue eBucks on their purchases at SPAR outlets. This groundbreaking partnership, effective immediately, solidifies FNB’s commitment to providing added value to its clientele and comes as a boon during challenging economic times.
The announcement, made on Thursday (1 February), revealed that FNB Private Clients, Private Wealth, and RMB Private Bank clients would now have the opportunity to earn up to 15% back in eBucks when making in-store purchases at SPAR, Superspar, Kwikspar, and Tops. This move expands FNB’s roster of esteemed partners, which already includes prominent names such as Shoprite, Checkers, Takealot, Engen, and Clicks.
Sizwe Nxedlana, FNB Private Segment CEO, emphasized the significance of strategic partnerships like the one with SPAR in providing clients with additional avenues to maximize their spending power. “Through collaborations with partners such as Spar, expanding FNB’s partner ecosystem makes it easier and convenient for our clients to stretch their wallets, especially during these challenging economic times,” said Nxedlana.
Blake Raubenheimer, Spar Group’s Omnichannel Executive, expressed the retailer’s commitment to delivering value-for-money items to customers across the nation. “With over 2500 SPAR stores nationwide, we remain committed to offering our customers value-for-money items, and as part of our business practice, we continue to adapt to the evolving economic landscape to cater to this need,” said Raubenheimer.
FNB’s eBucks will seamlessly complement the existing Spar Rewards card, providing customers access to monthly deals and promotions on essential products, further assisting them in managing their budgets effectively.
“Our challenging economy, coupled with the increased cost of living, informed our decision to expand the catalogue of eBucks rewards’ grocery partners and benefits,” stated Zamabomvu Ngubane, FNB eBucks Rewards Head. This decision reflects FNB’s commitment to addressing the evolving needs of South African consumers by broadening the spectrum of rewards and benefits available through eBucks.
To optimize the earning potential, FNB Private Clients are encouraged to use their FNB app or a linked digital wallet such as Apple Pay, Samsung Pay, or Garmin Pay on a smartphone or smartwatch when making purchases with a virtual card. Physical card transactions will earn clients up to 1% back in eBucks, while virtual card earning rates range from 1% to 15%, depending on the customer’s reward level.
It’s essential to note that eBucks cannot be earned at Spar Express, Pharmacy @ Spar, or Savemor stores, ensuring clarity for customers seeking to maximize their rewards.
The following table provides a comprehensive summary of the eBucks earning potential for FNB Private Customers based on their account type, reward level, and payment method:
| Account Type | Reward Level | Payment Method | eBucks Earned |
|---|---|---|---|
| FNB Private Clients | Gold | Physical Card | Up to 1% |
| FNB Private Clients | Gold | Virtual Card (App/Wallet) | 1% – 15% |
| FNB Private Wealth | Platinum | Physical Card | Up to 1% |
| FNB Private Wealth | Platinum | Virtual Card (App/Wallet) | 1% – 15% |
| RMB Private Bank | Diamond | Physical Card | Up to 1% |
| RMB Private Bank | Diamond | Virtual Card (App/Wallet) | 1% – 15% |
In conclusion, FNB’s strategic alliance with SPAR not only broadens the scope of eBucks rewards but also strengthens the bank’s commitment to supporting South African consumers during economic challenges. As the partnership unfolds, customers can look forward to enhanced savings and rewards through their everyday purchases at SPAR outlets nationwide.
