×

We've got news for you.

Register on TimesLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

News

FNB announces fuel hike relief for nearly 3.4-million customers

From July to September customers will receive an extra R2 per litre back in eBucks

06 July 2022 - 11:19 By Staff Writer
To mitigate the new fuel price increase FNB says its customers will get more rewards when filling up. Picture: Hollie Adams/Bloomberg
To mitigate the new fuel price increase FNB says its customers will get more rewards when filling up. Picture: Hollie Adams/Bloomberg
Image: Lightbox

After yet another record-high fuel price increase, FNB has announced additional eBucks incentives to help its customers offset the effect of high prices.

From July 1 until September 30 FNB will give qualifying retail and commercial customers an additional R2 per litre back in eBucks for fuel purchases at Engen. This benefit is available to customers irrespective of their reward level and is in addition to what they would have ordinarily earned.

To qualify for the additional benefit customers have to pay with their FNB and RMB private bank virtual cards when paying for fuel and also complete at least one online virtual card transaction per month at any merchant.

With more than 500,000 additional customers set to be eligible to earn eBucks, nearly 3.4-million FNB retail and commercial customers will automatically have access to the additional benefit.

We encourage our customers to maximise this limited benefit to reduce the effect of fuel on their budgets.
FNB Retail CEO Raj Makanjee

Customers who fill up at Engen and have vehicle instalments with WesBank are still eligible for the double up benefit, where they earn up to R8/l per quarter in eBucks; these customers will now earn up to R10/l per quarter in eBucks over the next three months.

FNB Retail CEO Raj Makanjee says: “Fuel is one of our customers’ largest expenses and while eBucks has been helping customers to mitigate the cost for years, the recent fuel price increases are unprecedented. As a result, we encourage our customers to maximise this limited benefit to reduce the effect of fuel on their budgets.” 

CEO of eBucks rewards Johan Moolman explains that with this extra benefit a customer who uses FNB Aspire would have earned 60c/l at Engen, but due to this benefit they could earn R2.60 in eBucks until September 30.

Other banks offer similar benefits to offset fuel prices.

Absa bank says its customers can earn up to 30% real cash back depending on your rewards tier every time you fill up at Sasol. Standard bank clients can get up to R5 in rewards points per litre of fuel and oil purchased at Caltex stations.

Nedbank says by filling up at BP you get 25c cash back in Greenbacks on every litre of fuel while Capitec says clients who fill up at Shell fuel stations get 40c per litre back on the 10th of every month.

TimesLIVE

Support independent journalism by subscribing to the Sunday Times. Just R20 for the first month.


subscribe

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.