The Gold Business Credit card gives businesses the opportunity to climb the FNB’s credit card lending ladder. As a first-tier credit card, the FNB Gold Business Credit card introduces small businesses to the credit card lending sphere offering an opportunity for the business to upgrade as it grows.
Only registered companies can apply for the FNB Gold Business Credit card. The main requirement to attain the Gold Business credit card is to have a business bank account with FNB. Businesses that don’t have an account with FNB are disqualified from acquiring the FNB Gold Business Credit card.
The FNB Gold Business Credit card offers a credit facility account for businesses as well as a transactional account. The transactional account is then linked to a single credit card offering convenience when transacting. You can then use the credit card to purchase 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.
FNB Gold Business Credit card is a first-tier business credit card for companies with a cheque account with FNB. The credit card is for businesses with an annual turnover of R0.00 or more. The credit card charges a monthly fee of R52.00 and has a maximum Initiation fee of R175.00 depending on the business’s qualifying credit.
Businesses that need additional cards are charged R17.50 per card with free delivery of the card by courier or collection at a selected FNB branch . Credit card purchases and withdrawals at tills are free as well. However, withdrawals at an FNB ATM come at a cost as every R100.00 withdrawn FNB charges R2.00.
Transfers to a linked FNB account don’t cost anything whereas transfers from third-party cost R9.00. Telephone banking and transfers at an FNB branch both cost R80.00 per transaction, therefore, call-assisted transfers and branch transfers should be avoided.
| # | Fee description | Amount |
|---|---|---|
| 1 | Credit facility services fee | R52.00 |
| 2 | Initiation fee | Up to R175.00 |
| 3 | Credit card monthly account fee | R35.00 |
| 4 | Additional card fee | R17.50 |
| 5 | FNB credit card purchase fee | Free |
| 6 | FNB credit card budget purchase fee | Free |
| 7 | Cash Withdrawal at an FNB ATM | R2.00 per R100.00 |
| 8 | Cash Withdrawal at other banks’ ATMs | R10.00 + FNB ATM fee |
| 9 | FNB mini ATM withdrawal fee | R2.00 per R100.00 |
| 10 | FNB branch withdrawal fee | R80.00 + R2.50 per R100.00 |
| 11 | Cash on budge fee | R80.00 + R2.85 per R100.00 |
| 12 | International ATM and branch withdrawal fee | R80 + R2.50 per R100.00 |
| 13 | Cash at till withdrawal fee | Free |
| 14 | Deposit at an FNB ATM | R1.10 per R100.00 |
| 15 | Deposit at an FNB branch | R80.00 + R2.50 per R100.00 |
| 16 | IVR Smart linked transfers to FNB | Free |
| 17 | Linked account transfers | Free |
| 18 | Third-party payments | R9.00 |
| 19 | Consultant assisted payments | R80.00 |
| 20 | Transfers and payments at FNB branch | R80.00 |
| 21 | Voucher request local | R105.00 |
| 22 | Voucher request international | R295.00 |
| 23 | International card delivery fee | R700.00 |
| 24 | Card replacement fee | One free replacement per year, thereafter R120.00 per card |
| 25 | Courier and branch card delivery fee | Free |
The FNB Gold Business Credit card offers a savvy way to get a credit card for your business. The credit card doesn’t have many transactional charges and yet it offers freebies to encourage customers to bank with FNB. However, branch fees cost more and even come with a R2.00 extra fee for every R100.00 withdrawn, as such, branch transactions should be avoided.
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