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Sneaker Factory account review 2022

Sneaker Factory account can be used to make purchases at any Sneaker Factory location in South Africa. The account is managed by the Foschini Group and is issued through the Foschini network. As a result, cardholders can use their cards at any Foschini Group location.

TFG, or The Foschini Group, has over 900 locations in South Africa, all of which accept the TFG partner store account. Account-holders of the Sneaker Factory can shop at these locations by visiting any TFG partner store or using the TFG website. Sneaker Factory is one of 22 participating stores in the TFG network.

Sneaker Factory sells men’s, women’s, and children’s sneakers. Adidas, HI – Tec, ASICS, New Balance, Puma, Reebok, and other brands are available at the store. The Sneaker Factory Account can be used to make purchases from all of the Sneaker Factory’s brands.

There is a lot you can do with the Sneaker Factory Account, and if you use it correctly, you can save a lot of money. The account comes with numerous benefits that any type of account holder can take advantage of.

.The Sneaker Factory Account is discussed in greater detail further down.

Sneaker Factory Account Summary 

The Sneaker Factory Account is a store credit account that allows account members to shop at any Sneaker Factory location in South Africa. Those who are over the age of 18 and have a source of income are eligible for the account. TFG partner stores accept Sneaker Factory accounts as well.

The Sneaker Factory account automatically enrolls you in the My TFG rewards program. Account-holders can obtain discounts on some items through the myTFG rewards program. Additionally, whenever account holders swipe the My TFG rewards card when making purchases, they have a chance to win and earn vouchers.

Account-holders can get customer protection insurance in addition to being automatically enrolled in the MyTFG rewards program. All account holders have the option to purchase the customer protection plan. If the account holder dies, the customer protection insurance covers the credit used by the account holder.

Temporary disability, permanent disability, death, and loss of income are among the events covered by the insurance policy. Premiums are paid on a monthly basis, and the amount is determined by the coverage selected.

The account holder has the option of choosing between two budget plans when utilizing the Sneaker Factory Account. A 6-month interest-free budget and a 12-month interest-bearing budget are available.

How the Sneaker Factory account works

Anyone can apply for credit on the Sneaker Factory Account, which is a revolving store account. The amount of credit available on the Sneaker Factory Account is decided by the risk profile of the applicant.

After credit has been assigned to the account, it can be used to make purchases at Sneaker Factory locations or TFG partner locations. Account-holders can choose between a 6-month interest-free budget and a 12-month interest-bearing budget when making purchases with the Sneaker Factory Account.

If the account holder wants to make purchases that exceed the credit limit, he or she might apply for temporary credit. In addition, the account holder can submit an application for a credit limit increase. TFG can also change the credit amount after reviewing the account holder’s credit profile from time to time.

Repayments will be required after the credit has been used. Repayments are made on a monthly basis and include a service fee. The amount due each month will be influenced by the budget plan chosen. When account repayments are made, recuring credit is allocated to the account for future use.

Advantages of the Sneaker Factory Account 

  • The account can be used at over 900 locations across the country. All TFG-branded stores are included in this category.
  • Acountholders receive vouchers as benefits with the account, such as the R1,500 in vouchers that come with the account.
  • There are two sorts of budgets available, one of which is interest-free.
  • The account can be used to purchase not only footwear, but also clothing, jewelry, gadgets, and other products.
  • The account includes automatic enrollment in the MyTFG rewards program.
  • On the TFG website, the account can be used to make purchases.

Disadvantages of the Sneaker Factory Account 

  • If the account user fails to make monthly payments, the account will accrue a lot of interest.
  • Since there are so many stores and things to choose from, the account may influence impulsive buying.

Sneaker Factory Account requirements

  • Must be over the age of 18 years at the time of application. 
  • Have proof of income such as payslip or 3 months bank statement. 
  • 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 

Account-holders who have a Sneaker Factory Account can purchase Sneakers on credit. The account can also be used at over 900 stores, eliminating the need for additional store accounts. Having too many stores and brands to choose from might be a disadvantage, as it encourages account holders to purchase more, leading to overspending.

Staff Writer

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