Investec rewards program review 2021

Posted on Jan 5, 2021 by Staff Writer

Rateweb | South Africa

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Investec rewards program is a special rewards program tailor-made for Investec private bank account holders. Members can earn points through Investec’s lifestyle, shopping, travel, and financial partners.

Members of the Investec rewards program are individual and businesses account holders. As a member, you can earn points by swiping your card whenever you shop at Investec partner stores.

How do Investec Rewards Work?

To earn points, you need to use your Investec card when you transact at Investec partner stores. What is great about the program is that you can use rewards points in a number of malls in South Africa instead of specific shops.

Spending rewards at selected malls instead of specific shops gives members an opportunity to buy in different shops. Members can use their reward points to buy gifts, treats, and more.

Who should take part in the Investec Rewards program?

Investec has put some strict measures to ensure that their rewards go to the most deserving bankers. Qualification to the rewards program is merely by virtue of having an Investec account. However, earning points require special attention to your banking habits.

To be eligible for the rewards program the following must be achieved,

  • Each account must be registered separately and unless otherwise advised, and
  • The account holder must be in possession of a valid card.

From the two stipulations from Investec bank, it is clear that an account should be open and be in good standing to participate in the rewards program.

Earning Investec Rewards Points

Now that you know who qualifies for membership for the Investec Rewards program, you then need to familiarise yourself with how you are going to earn points. You don’t need to shoot in the dark and expect to earn points.

Before we go any further, points can be earned and accumulated with immediate effect from the date you become an Investec account holder. This statement is important as it enables you to know when to start earning reward points.

To earn points you need to use your Investec card at Investec partner stores. For every R5 you spend with your Investec visa and R10 for the business card you earn 1 reward point

There are additional points that you can earn too. You can earn additional points on selected partners if you:

  • Spend at Travel by Investec. You will earn an additional 0.5 bonus points.
  • Spend at selected retail partners. You have an opportunity to earn a further 1 bonus point.
  • Every time you purchase a vehicle through Bidvest McCarthy Call-a-car and finance through Investec. You will earn an additional 1 point.

How to earn Investec rewards points

Earning points is a great experience that an account holder can have. Earning points means that you are most likely making sound financial decisions. Plus you are rewarded for spending.

Investec rewards programs offer rewards at a variety of lifestyles, shopping, travel, and financial partners.

Question is, why not get rewarded for performing your routine financial obligations?

If you want to get rewards for banking with Investec Bank then you must pay attention to the following when you shop.

Travel rewards

Investec bank has its own exclusive travel agency called Travel by Investec. By using Travel by Investec you get competitive quotes on local and international flights, accommodation, car hire, cruises, and rail tours.

Should you decide to make a booking via Travel By Investec using your Investec card, you will receive a further 0.5 bonus points. This means that for every R5 you spend on your personal card you will 1.5 points.

Financial rewards

Investec bank rewards account holders for better financial decision making. The bank rewards you with ways to save, invest, and grow your money. In short, the bank is concerned over the financial well-being of their clients.

Financial rewards will make a difference in your banking life. You will be able to invest in your future and that of your spouse and children. Also, you will have to opportunity to save for retirement or even get insurance for life, property, and health.

You can use your financial rewards in many ways. Investec rewards program allows members to invest reward proceeds to unit trust. Using this approach you will be able to earn future income from nothing. You can also use financial rewards to pay monthly account services fees.

Shopping rewards

Investec reward program allows members to redeem their points and use them for shopping. Shopping points can be redeemed at any time. However, shopping points can be redeemed in batches of 7500 points, which equates to R250.

To spend shopping rewards, you need to use any of Investec partner malls. Investec partners are with some of the well-known malls in South Africa. You can shop from 12 malls in Gauteng alone.

Lifestyle rewards

You can enjoy your rewards for lifestyle experiences. Rewards can be used for spa visits. You will also earn points when you visit a spa in South Africa.

Conclusion

Investec reward program offers interesting rewards for those who keep their accounts healthy. Making correct financial decisions can earn you points in the process of living a financially healthy life.

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