As at 31 March 2014, over 200 000 FNB Credit Card customers had an eBucks balance of more than eB6 000 which equates to a tank of petrol for a medium sized car. This offers a targetable benefit which should come as good news for FNB customers planning their annual Easter weekend festivities following recent increases in the petrol price.
“We generally see an 8.5% increase in the number of petrol and diesel transactions on credit cards over the Easter weekend, however we are yet to see how the current cost of petrol will influence this historical trend,” says Johan Maree, CEO of FNB Credit Card.
For the last 3 years, there has been an annual petrol price increase around Easter.
According to industry views, more consumers are purchasing items such as groceries and utilities with borrowed money. With the Easter weekend following shortly after the March school holidays, many consumers may have to borrow even further to cover additional expenses. Making the most of your rewards programs to earn on everyday spend using your credit card and then being able to use the rewards earned to purchase a free tank of petrol can go a long way in these tougher economic times.
“If your rewards balance is still growing and does not yet allow you to cover a big purchase such as a tank of petrol or travelling costs, you can use it to purchase your groceries or to buy electricity – saving a little in one section of your budget can go a long way and could mean the difference between a weekend breakaway and staying at home,” concludes Maree.
its all over the world the same, greetings from Kenya,