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The FIX account Review 2022

The FIX store account allows account holders to purchase things on credit at any of the FIX locations across the country. With the FIX account, you can shop in all of the FIX’s departments. Ladies’ fashion, which includes clothing and shoes, and men’s fashion, which also includes clothing and shoes, are two of the store’s departments. Accessories, such as bags, belts, cosmetics, sunglasses, and jewelry, are also available for purchase at the FIX store.

FIX account holders receive exclusive discounts for being account holders, and promotion notifications are always sent to them. When account holders make purchases using the FIX account, they have a chance to win vouchers, which are personalized.

The FIX account is not just valid at FIX locations, but also at other locations. The Foschini Group’s outlets are among those that accept the FIX account. In South Africa, the Foschini Group operates a network of over 900 stores, including 22 brand stores, including the FIX.

FIX account holders can use their accounts to purchase non-fashion things such as appliances and furnishings at TFG partner stores, which are items not available at FIX stores.

You must first familiarize yourself with what a FIX account is and how it works before applying for one. Below, we go over these subjects in depth.

The FIX account Summary 

The FIX account is a revolving retail credit open to everyone over the age of 18. One can shop at any FIX store in South Africa with a FIX account. Since there is no minimum income requirement, anyone who earns money can apply for the account. This includes students who are on stipends or who work as salespeople.

Fashion vouchers worth R1500.00 are included in the FIX account. These fashion vouchers can be redeemed in small increments over a period of six months after the account is opened. Please keep in mind that vouchers are only available to new account users. To earn vouchers after opening an account, you must be a part of the My TFG program.

Every FIX account holder is eligible to participate in the My TFG rewards program. The MyTFG rewards program provides account holders with discounts and personalized vouchers. When account holders swipe their FIX card in stores, they have a chance to win prizes.

Any account holder who wants to protect his or her credit can purchase optional customer protection insurance. Should the account holder suffer an insured incident, the protection plan protects the credit used by the account holder and, in some situations, pays the account payments due. Death, temporary disability, loss of income, and permanent disability are examples of events that can be covered.

The account comes with 2 budget plans to choose from when making purchases. Budget plans include a 6-month interest-free budget and a 12-month interest-bearing budget. The budget that is chosen determines the installments that will have to be paid on a monthly basis. 

How the FIX account works

The FIX account can be applied for online, on the Fix website, or at any of the FIX locations across the country. To be eligible for the account, you must be over the age of 18 and have a source of income. Following acceptance, credit is deposited into the FIX account, which is based on the risk profile of the applicant.

The credit on the FIX account can be used at any of the FIX stores or FIX partner retailers across the country. The account can also be used to make online purchases at any TFG partner store or on the FIX website.

When using the FIX account to shop, you must choose a budget option. The chosen budget option will determine how much the account holder must pay on a monthly basis. The account enables the use of additional cards, allowing the account to be shared.

As money is repaid to the FIX account, it becomes available to the account holder to use in the future or right away. The credit can be combined with the vouchers that have been given in order to redeem them on appropriate purchases.

Advantages of the FIX account 

  • Over 900 shops in South Africa accept the account.
  • Because of the product mix given by the TFG store network, the account can be used to purchase products other than fashion.
  • With the account, you will receive vouchers.
  • To protect their credit, account holders can purchase customer protection insurance.
  • The FIX account can be paid in a variety of ways.
  • The account permits you to make purchases on the FIX website or at any TFG partner store.

Disadvantages of the FIX account 

  • Too many stores to shop from which may encourage impulsive spending. 
  • The interest payable on the account may be high if payments are missed. 

The FIX account requirements

  • Must be over the age of 18 years at the time of application. 
  • Have proof of income such as a 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 

The FIX is known for selling low-cost clothing aimed at the lower and middle classes in South Africa, however, the FIX account use case could be stretched. Account-holders have access to 22 store brands at over 900 locations around South Africa. Keep an eye on your spending because this account has a lot more shopping options than other store accounts.

Staff Writer

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