FNB eBucks is proud to announce our partnership with Spar, one of the nation's leading food retailers. Starting in February, FNB Private Client, Private Wealth, and RMB Private Bank customers can use eligible FNB or RMB Private Bank virtual cards to shop in-store at Spar, SuperSpar, KwikSpar, and Tops at Spar. Then you can get up to 15% back in eBucks.
“The eBucks program is at the heart of the integrated value we deliver to our customers across FNB and RMB Private Bank,” said Sizwe Nxedlana, CEO of FNB Private Segment.
“Through collaboration with like-minded partners like Spar, we are significantly extending our unique ability to harness the power of our integrated platform to help our clients take control of both their finances and their lifestyles. Our expanded lifestyle partner ecosystem makes it easy and convenient for our clients to stretch their wallets, especially during these economically challenging times.”
Blake Raubenheimer, Spar Group omnichannel executive, added: “As a leading retailer, Spar is a business built on strong relationships and an entrepreneurial spirit. With over 2,500 Spar stores nationwide, we remain committed to providing our customers with value for money. As part of our business practices, we continue to adapt to the evolving economic landscape to meet this need.
“Additionally, our Spar Rewards card gives customers access to monthly sales and promotions across a variety of must-have products to help them save money while staying within their budget. As a result, through our collaboration with eBucks, we offer customers access to rewards. We're excited to give you more ways to do that.”
Zamabomvu Ngubane, Head of FNB eBucks Rewards, said: “South Africans are feeling the financial strain and we continue to see the real impact of eBucks in our high-net-worth customer base in terms of meeting their needs and enabling them to develop their capabilities. “I'll run further.”
“Due to challenging economic conditions and the rising cost of living, the decision was made to expand eBucks' catalog of grocery store partners and benefits.
“Our rewards program is designed to be an essential part of our clients' monthly budgets to supplement their household finances,” she added.
Customers are encouraged to opt-in to earn eBucks with Spar on the FNB or RMB Private Bank app and use the virtual card as a convenient and secure way to transact to earn maximum rewards.
One of the key security features of the FNB Virtual Card is the innovative Dynamic CVV. Dynamic CVV (Card Verification Value) numbers are one of the most unique features of virtual cards, as they change frequently to provide better protection to clients.
Earning rules for the eBucks Rewards Program and Spar Grocery Partners include:
segment | Card type | Acquisition rate | ||||
Individual customers | physical card | 0.5% | ||||
virtual card | reward level 1 | reward level 2 | reward level 3 | reward level 4 | reward level 5 | |
1% | 2.5% | Five% | 7.5% | 15% | ||
Private Wealth/RMB Private Bank Customer | physical card | 1% | ||||
virtual card | reward level 1 | reward level 2 | reward level 3 | reward level 4 | reward level 5 | |
1% | 2.5% | Five% | 7.5% | 15% | ||
* If your client pays with a physical card, you can earn up to 1% in eBucks depending on your FNB account.
*eBucks earned vary based on reward level. |
“We are excited to partner with Spar and encourage our clients to continue using FNB or RMB Private Bank’s digital channels and virtual cards to maximize their benefits and have a safe and convenient shopping experience. ” said Ngubane.
She said other eBucks retail lifestyle partners include Clicks, iStore, Superbalist, Old Khaki, Poetry, Takealot, Le Creuset, Yuppiechef, ARC, HP Store, Netflorist and “many more”.
Provided by First National Bank (FNB).
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