The FNB Gold Business Credit Card provides bespoke credit to credit card holders for R52.00 per month.
How To Get The FNB Gold Business Credit Card
The credit fees associated with the FNB Business Credit Card are structured as follows:
For the Transact credit option with full settlement, there is a fee of 0.25% based on the credit limit, with a minimum fee of R69. Additionally, a monthly credit limit fee of R36 is applicable. On the other hand, for Revolver credit with installment repayment, a flat fee of R36 per month is charged.
Furthermore, for non-National Credit Act (NCA) transactions, there are initiation fees to consider. The new initiation fee amounts to 15% of the total credit limit, capped at a maximum of R290. Similarly, in the case of a limit increase, the initiation fee is 15% of the increased limit, with a maximum fee of R200. These fees are integral to the FNB Business Credit Card framework, ensuring transparency and facilitating efficient financial management for businesses.
Other fees that are associated with the FNB Gold Business Credit Card are tabled below:
Payments and Purchases | Fees |
---|---|
Card Purchases | |
Debit Card Purchase | R3.68 |
Petrol Card Purchase/Debit Card Fuel Purchase | R6.25 |
International Currency Commission and Conversion | 2% of the value |
Prepaid Purchases | |
Prepaid Airtime | R0.01-R25: R1.50 |
Greater than R25: R2.50 | |
Prepaid Electricity | R0.01-R150: R1.50 |
Greater than R150: R2.50 | |
Voucher (Entertainment, gaming, music, transport, etc.) | R2.70 |
Traffic Fine | R2.70 |
FNB Branch and FNB Business Desk (Consultant Assisted) | R15 |
Other Bank’s ATMs | R15 |
Account Payments | |
Electronic Third-Party Payment (Unassisted) | 1 – 1,000 transactions: R5.75 |
Plus: 1,001 – 10,000 transactions: R5.15 | |
Plus: 10,001+ transactions: R3.53 | |
Internal Debit Order | No charge |
External Debit Order | R12 |
Consultant Assisted Payment | R84 |
RTC Pay & Clear Now* | Less than/Equal to R3,000: R8 |
Greater than R3,000: R15 | |
PayShap* | Up to and including R100: No charge |
Greater than R100: R6 | |
FNB Instant Payment* | R8 |
International Payment Denominated in ZAR (Debit and Credit Card) | No charge |
Scheduled Payments | |
New/Changing Scheduled Payment (FNB Online Banking for Business or the FNB App) | No charge |
Payment Related Fees | |
FNB Payment Channels | |
EFT Payment | R2.50 + 0.35% |
Cash Payment | R2.50 + Cash deposit fees |
R6.50 + R0.60 per R100 or part thereof | |
Debit Card Payment | R2.50 + Merchant Services pricing |
R6.50 + 0.95% of the value | |
Credit Card Payment | R2.50 + Merchant Services pricing |
R6.50 + 2.5% of the value | |
Other Fees | |
Notifications sent to payer | R0.15 |
Implementation Fee (Push Biller) | No charge |
Implementation Fee (Pull Biller) | R750 |
The FNB Gold Business Credit Card offers a range of benefits and services at no additional cost, providing convenience and value for business owners. Some of the key benefits include:
Competitive Advantages:
Competitive Disadvantages:
The FNB Gold Business Credit Card presents a compelling option for businesses seeking a comprehensive financial solution. With its array of benefits including cash@tillTM, eBucks rewards, and lost card protection, the card offers convenience, security, and value-added services. The ability to earn rewards on business spending, coupled with features like inter-account transfers and local purchase acceptance, contributes to efficient financial management and smoother operations.
However, it’s important for businesses to be mindful of potential fees and charges associated with the card, as well as to manage their credit limits responsibly to avoid financial strain. Despite these considerations, the FNB Gold Business Credit Card remains a competitive choice for businesses looking to streamline their financial processes and maximize benefits without compromising on security or convenience.
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