The FNB Gold Business Credit Card allows enterprises to progress up the credit card lending ladder. The FNB Gold Business Credit Card, as a first-tier credit card, introduces small businesses to credit card lending while also allowing them to upgrade as their business grows. The FNB Gold Business Credit card is only available to registered businesses. To qualify for the Gold Business credit card, you must first open a business bank account with FNB. Businesses who do not have a FNB account are not eligible to apply for the FNB Gold Business Credit card.
The FNB Gold Business Credit Card includes a credit facility account as well as a transactional account for enterprises. The transactional account is then linked to a single credit card, which makes transactions easier. The credit card can subsequently be used to make purchases online or in-store.
The FNB Gold Business credit card is very affordable and comes with a number of free services. Free services include:
The above-listed free services come at no additional cost and hence they render the Gold Business Credit card somewhat affordable to its tier competitors.
For businesses with a FNB check account, the FNB Gold Business Credit Card is a first-tier business credit card. The credit card is aimed particularly at businesses with minimal yearly turnover. The credit card has a monthly fee of R52.00 and a maximum Initiation fee of R175.00, which is determined by the qualifying credit of the firm. Businesses who require additional cards will be charged R17.50 per card, with free courier delivery or pick-up at a specified FNB branch. At the tills, credit card purchases and withdrawals are also free. Withdrawals from a FNB ATM, on the other hand, cost R2.00 for every R100.00 withdrawn.
Transfers to a linked FNB account are free, however transfers to a third-party account cost R9.00. Because both telephone banking and transfers at a FNB branch cost R80.00 each transaction, call-assisted and branch transfers should be avoided.
| Fee description | Fee |
|---|---|
| Credit facility services fee | R52.00 |
| Initiation fee | Up to R175.00 |
| Credit card monthly account fee | R35.00 |
| Additional card fee | R17.50 |
| FNB credit card purchase fee | Free |
| FNB credit card budget purchase fee | Free |
| Cash Withdrawal at an FNB ATM | R2.00 per R100.00 |
| Cash Withdrawal at other banks’ ATMs | R10.00 + FNB ATM fee |
| FNB mini ATM withdrawal fee | R2.00 per R100.00 |
| FNB branch withdrawal fee | R80.00 + R2.50 per R100.00 |
| Cash on budge fee | R80.00 + R2.85 per R100.00 |
| International ATM and branch withdrawal fee | R80 + R2.50 per R100.00 |
| Cash at till withdrawal fee | Free |
| Deposit at an FNB ATM | R1.10 per R100.00 |
| Deposit at an FNB branch | R80.00 + R2.50 per R100.00 |
| IVR Smart linked transfers to FNB | Free |
| Linked account transfers | Free |
| Third-party payments | R9.00 |
| Consultant assisted payments | R80.00 |
| Transfers and payments at FNB branch | R80.00 |
| Voucher request local | R105.00 |
| Voucher request international | R295.00 |
| International card delivery fee | R700.00 |
| Card replacement fee | One free replacement per year, thereafter R120.00 per card |
| Courier and branch card delivery fee | Free |
The FNB Gold Business Credit Card is a smart method to get a business credit card. The credit card has little transaction fees, but it does offer freebies to entice people to bank with FNB. Branch fees, on the other hand, are higher and include an R2.00 surcharge for every R100.00 withdrawn, thus branch transactions should be avoided.
