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Private Wealth FNB Credit Card

Geovana Ramos
December 7, 2023

The FNB Private Wealth card offers a number of unique benefits for holders seeking a differentiated financial experience. With the comprehensive eBucks rewards program, you can earn and redeem points on various purchases, enhancing your financial benefits.

Associated with the Private Wealth account, this card provides exclusive access to VIP airport lounges like SLOW and Bidvest Premier, making travel more comfortable. Booking flights through eBucks Travel grants additional lounge visits, adding to the premium experience.

The card also includes automated payment options, ensuring you never miss a payment. Continue reading to discover more about how this card can transform your financial management and lifestyle.

About the FNB:

FNB, or First National Bank, is one of South Africa’s oldest and most respected banks, with a history dating back to 1838. It is a division of FirstRand Bank Limited, one of the largest financial groups on the continent. FNB is known for its strong market presence and offers a wide range of financial services for both personal and business clients.

Innovation is a hallmark of FNB, which frequently introduces new banking products and services. They pioneered mobile banking and contactless payments, continuously enhancing the customer experience. Their commitment to technology ensures they remain at the forefront of the banking industry.

In addition to traditional banking services, FNB provides financial advisory, insurance, and investment solutions. They focus on sustainability and social responsibility, supporting various community and environmental initiatives. Through its diverse divisions, FNB continues to be a leader in the South African banking sector.

Card Benefits

Complete Package with Discount: Offers comprehensive benefits for both debit and credit cards, with no additional cost for the bundled account.

Airport Lounge Access: Up to 36 annual complimentary visits to SLOW and Bidvest Premier lounges when booking through eBucks Travel.

eBucks Rewards Program: Earn up to 100% of your monthly account fee back in eBucks and up to 40% back on FNB life insurance premiums.

Global Travel Insurance: Coverage up to R5 million for medical expenses during the first 90 days of travel when return tickets are purchased with a qualifying FNB card. Covers up to 8 travel companions.

Automatic Debt Protection: Coverage up to R12,000 in the event of death or permanent disability.

AA Emergency Roadside Assistance: Includes emergency repair services, refueling, tire changes, towing, and armed security protection.

Purchase Protection: Coverage for items purchased using the virtual credit card, up to R10,000.

Exclusive Family Benefits: 50% discount on the spouse/partner’s monthly account fee and free FNBy & FNBy Next accounts for children.

Lifestyle and Concierge Services: Assistance with travel arrangements, car rentals, accommodation, gifts, and experiences like spa days and hot air balloon rides.

Automated Payment Services: Various automated payment options to ensure you never miss a payment.

Private Wealth FNB Fees and Commissions

The FNB Private Wealth card has a monthly account fee of R595, offering a premium banking experience with comprehensive benefits. The spouse or partner of the cardholder can enjoy a 50% discount on their monthly account fee, providing additional savings for the family.

ATM cash withdrawals are unlimited and free of charge, making it easy to access cash when needed. Foreign currency transactions incur a conversion fee of 2.75% per transaction. Interest on outstanding balances is variable, typically starting at 7% per annum, depending on the client’s risk profile.

Please note that fees and charges are subject to change without prior notice. For the most current information, visit the FNB rates and pricing page.

Positive points

Personalized payment facility:
The flexibility to choose an adjustable repayment term between 6 and 60 months is a significant advantage.
Financial Security with Debt Protection:
The card includes automatic debt protection, providing coverage in the event of job loss, disability, or death, ensuring outstanding credit card debts are covered.
Contactless card convenience and security:
The card allows payments by simply bringing it close to a reader without the need to insert or enter a PIN.

Negative points

High annual fee:
The annual fee of R4,995 is considered one of the main drawbacks of the card.
High income requirements:
The income requirement of R1.8 million makes the card inaccessible to some potential holders.
Benefits Not Universally Applicable:
The exclusive benefits may not be pertinent to all cardholders, depending on their lifestyle and usage.

Credit card limit

The credit limit for the FNB Private Wealth Credit Card is highly individualized and depends on the applicant’s financial profile and credit assessment by FNB. Typically, FNB evaluates factors such as your income, credit history, and overall financial status to determine your credit limit.

For specific details, it is recommended to contact FNB directly or use their online tools, such as the FNB banking app, where you can apply for a credit limit increase or manage your credit card settings.