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The FIX account Review 2024

The FIX account

The FIX account is a store credit account that enables users to shop at any The Fix store in South Africa. To get The Fix store account, you need to at least earn R2,500.00 per month or earn an allowance in 2024.

The Fix store has a wide range of offerings catering for both men and women. The store’s departments includes: ladies’ fashion, which is made up of clothing and shoes, and men’s fashion, which consists of clothing and shoes. Bags, belts, cosmetics, sunglasses, and jewellery are also available to purchase on credit at any The FIX store.

The FIX store account account holders seldom receive exclusive discounts, and promotion notifications. Moreover, they have the opportunity to win personalised vouchers when they use their the FIX account to make purchases.

The FIX account is valid not only at FIX locations, but the account can be used at any stores that  accept The Foschini Group credit cards. Moreover, the account be used online to make purchases on the Bash website which gives credit account holders to a wide range of fashion and household items. The Foschini Group operates a network of over 900 stores in South Africa, including 22 brand stores, which includes the FIX.

FIX account holders can use their accounts to buy non-fashion items like appliances and furniture at TFG partner stores that are not available at FIX stores.

Before applying for a FIX account, you should understand what how it works. We go over these the account in detail below.

The FIX account Summary 

The FIX account is a revolving retail account that is available to individuals over the age of 18. The Fix store account offers credit starting from R500.00 with the allocation of credit dependent on affordability.

Store account holders can shop at any of the 22 The FIX stores in South Africa with the account. The Fix Account doesn’t have a minimum income requirement, therefore, anyone who earns an income or an allowance can apply for the account.

When opening the Fix account, Fashion vouchers worth R1500.00 are included. These fashion vouchers can be redeemed in small increments over a period of six months after the account is opened. Keep in mind that vouchers are only available to new account users. To earn vouchers after opening an account, you must be part of the My TFG program.

Every FIX account holder is eligible to participate in the My TFG rewards program. The MyTFG rewards program provides account holders with discounts and personalised vouchers. When account holders swipe their FIX card in stores, they have a chance to win prizes through the TFG rewards program.

Any account holder who wants to protect his or her credit can purchase optional customer protection insurance. Should the account holder suffer an insured incident, the protection plan protects the credit used by the account holder and, in some situations, pays the account payments due. Death, temporary disability, loss of income, and permanent disability are examples of events that can be covered.

The account comes with 2 budget plans to choose from when making purchases. Budget plans include a 6-month interest-free budget and a 12-month interest-bearing budget. The budget that is chosen determines the monthly instalments that will have to be paid. 

How the FIX account works

The FIX account can be applied for online, on the Fix website, or at any of the FIX locations across the country. To be eligible for the account, one must be over the age of 18 and have a source of income. Following acceptance, credit is deposited into the FIX account, which is based on the risk profile of the applicant.

The credit on the FIX account can be used at any of the FIX stores or the FIX partner retailers across the country. The account can also be used to make online purchases at any TFG partner store or on the FIX website.

When using the FIX account to shop, you must choose a budget option. The chosen budget option will determine how much the account holder must pay on a monthly basis. The account enables the use of additional cards, allowing the account to be shared.

As money is repaid to the FIX account, it becomes available to the account holder to use in the future or right away. The credit can be combined with the vouchers that have been given in order to redeem them on valid purchases.

Advantages of the FIX account 

  • Over 900 shops in South Africa accept the account.
  • Because of the product mix given by the TFG store network, the account can be used to purchase products other than fashion.
  • With the account, you will receive vouchers.
  • To protect their credit, account holders can purchase customer protection insurance.
  • The FIX account can be paid in a variety of ways.
  • The account permits you to make purchases on the FIX website or at any TFG partner store.

Disadvantages of the FIX account 

  • Too many stores to shop from which may encourage impulsive spending. 
  • The interest payable on the account may be high if payments are missed. 

The FIX account requirements

  • Must be over the age of 18 years at the time of application. 
  • Have proof of income such as a payslip or 3 months bank statement. 
  • Must be employed or earning an allowance.
  • Proof of residence that is not older than 3 months at the time of application. 
  • A valid South African ID book or Smart card or a valid driver’s license. 

Conclusion 

The FIX is known for selling low-cost clothing aimed at the lower and middle classes in South Africa, however, the FIX account use case could be stretched. Account-holders have access to 22 store brands at over 900 locations around South Africa. Keep an eye on your spending because this account has a lot more shopping options than other store accounts.

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