WHAT SIX MAJOR LOYALTY PROGRAMMES OFFER AND HOW MUCH YOU HAVE TO SPEND TO GET SOMETHING BACK
ABSA REWARDS Rand value: One Absa Reward = R1
How to earn rewards: You earn cash back in the form of Absa Rewards when you use your Absa credit card at selected retail partners. Each partner has a different earn rate. The partners include kulula.com, Protea, Mugg & Bean, Coricraft, Run/Walk for Life, Camelot Spa, Galaxy, Video Town, Intec, Damelin and Touchline Media.
What you can use it for: You receive discounts or special deals on selected items from partners, including Checkers, Ramsay Media, Global Wrapps, British Airways and Mangwanani Spa. You can use your Rewards for travel, shopping vouchers, airtime or charity donations, or you can receive a cash payout in your cheque or savings account.
Annual cost: R234, excluding credit card
fees. Spend required to earn points worth R100: R1 750 AMERICAN EXPRESS (AMEX) MEMBERSHIP REWARDS
Rand value: One Membership Reward =
How to earn rewards: You earn Membership Rewards when you make purchases rate of one using Membership your Amex Reward credit for card every at a R5 you spend. You can use your
What you can use it for: Membership Rewards for travel, shopping vouchers, charity donations, to pay your bank fees and to buy foreign exchange.
Annual cost: R169, excluding card fees. Spend required to earn points worth
R100: R14 705
DINERS CLUB Rand value: One mile = 11 cents
How to earn rewards: You earn either British Airways miles or Voyager miles when you use your Diners Club credit card.
What you can use it for: You can accumulate miles to qualify for free flights or upgrades.
Annual cost: R160, excluding card fees. Spend required to earn points worth
R100: R6 818
eBUCKS Rand value: One eBuck = 10 cents
How to earn rewards: You earn eBucks at a rate of up to eB1.25 for every R10 you spend when you use your First National Bank (FNB) cheque card or credit card. You also earn eBucks when you pay for purchases at retail partners, such as Makro or Incredible Connection. For example, if you make a purchase at Makro and swipe your eBucks card, you will earn eBucks for the transaction even if you don’t pay with an FNB card. If you use your FNB cheque or credit card to pay for a purchase of, say, R500 at Incredible Connection, you will earn eB50 for using your FNB card and another eB50 because Incredible Connection is a spend partner on the eBucks programme.
What you can use it for: You can use your eBucks at selected retail partners, to shop online or in the eBucks shop at www.ebucks.com. If you shop in the eBucks shop, you will be charged an R55 for the delivery of goods under 10 kg or R95 for goods over 10 kg. Virtual vouchers have a delivery fee of R2.50, while Lotto tickets and airtime have no delivery fees. The different internet partners, such as Netflorist and Kalahari, have their own delivery fees.
Annual cost: There is no membership fee, but you have to pay an annual linkage fee of R160 if you want to earn rewards when you use your credit card. This fee is charged by FNB credit card and is technically not an eBucks fee. Spend required to earn points worth
R100: R590 INVESTEC DIVIDENDS Rand value: One Dividend = 3.3 cents
How to earn rewards: You earn one Dividend for every R5 you spend using your Investec credit card, and you earn one Dividend for every R5 you spend at retail partners, including Cape Union Mart and Incredible Connection. So if you use your Investec credit card to pay for a R500 transaction at Cape Union Mart, you will earn 100 Dividends for using your Investec credit card and 100 Dividends because Cape Union Mart is a retail partner on the programme. You can earn 300 Dividends a month if you have a monthly subscription of R240 with Matrix vehicle tracking.
What you can use it for: You get discounts of up to 15 percent at Shimansky Jewellers. You can use the Dividends on travel, shopping vouchers, charity donations, foreign exchange or to invest in unit trusts. You can also convert your Dividends to Voyager or British Airways miles.
Annual cost: No membership fee, but the annual fee for an Investec credit card is R2 100. Spend required to earn points worth
R100: R10 851.52
NEDBANK GREENBACKS Rand value: One Greenback = 3.3 cents
How to earn rewards: You earn one Greenback for every R5 you spend using a Nedbank cheque or credit card and two Greenbacks for every R5 you spend using a Nedbank Amex card (this card is available to you only if you have a Nedbank Visa or Mastercard credit card).
What you can use it for: You can transfer your Greenbacks to another Nedbank customer for a fee of R150. When you redeem your Greenbacks, you can make a partial cash payment for certain transactions. For example, if you use your Greenbacks to redeem a travel reward and if you have insufficient Greenbacks to complete the transaction, you can top up with a rand amount. You can use your Greenbacks for travel, shopping vouchers, charity donations, to pay your bank fees or to invest in unit trusts. Greenbacks expire if you do not use your cheque or credit card for five months, are in arrears with your credit card repayments or commit fraud.
Annual cost: R160, excluding bank fees. Spend required to earn points worth
R100: R16 500