FNB and KOODOO.co.za Promotional Campaign FAQs
Frequently Asked Questions
Credit Card Budget Plan Promotion
What is the offer?
What is the offer?FNB and KOODOO.co.za have partnered up to give FNB / RMB Cardholders access
to the Budget plan promotion at prime or prime + 2%. This offers Credit Cardholders
the ability to move transactions made on KOODOO.co.za to budget.
What is the promotional interest rate?
The promotional interest rate is set at prime or prime + 2%. In addition to the campaign rules, should you meet the qualifying criteria as stipulated on the FNB Main Banked Rules available on the FNB website you will benefit from a promotional interest rate of prime on your qualifying purchase.
Who qualifies for the Credit Card Budget Plan promotion?
The campaign is open to selected FNB Visa Credit Cardholders. This includes
Aspire, Premier, Private Clients, Private Wealth, RMB Private Bank and Signet Credit
Cardholders who reside in South Africa and are over the age of 18 years.
Who is excluded from the Credit Card Budget Plan Promotion?
FNB / RMB Fusion Account, Cheque / Debit Cardholders and Business Credit
Cardholders are excluded.
What terms can be chosen for the purchase on the Credit Card Budget Plan Promotion?
Credit Cardholders can choose between 12 or 24 months.
When purchasing with a credit card, is the transaction on straight or budget facility?
The transaction will be on the credit cardholder’s straight facility.
Can I transfer funds into my Credit Card to cater for the purchase and qualify for the promotion?
Prefunded purchases (meaning the purchase was not done on credit, and more
specifically, if the limit does not cover the purchase amount) will not qualify for the
budget plan promotional interest rate.
How it works
How does the transaction go onto budget?
FNB Credit Card will move the straight facility transaction onto the budget facility
within 3 to 5 working days after the transaction date.
How long is this promotion for?
The Credit Card Budget Plan Promotion is available from 21 October 2020 31st March 2023, and may be extended further
What is the minimum and maximum amount that can be purchased on the Credit Card Budget Plan Promotion?
Minimum of R5 000 and Maximum of R20 000
Direct Queries
If there is something wrong with my transaction, who do I escalate to?
Please call the number on the back of your FNB Credit Card.
If there are any queries regarding the products purchased, how do you escalate these issues?
Online chat on KOODOO.co.za or
Email customercare@koodoo.co.za or
Contact: 011 445 7912
Payments and Interest
Can I settle my budget transaction earlier? Are there any penalty fees?
Yes, you may settle the budget transaction earlier by paying the settlement amount into your credit card account and notify FNB to settle your budget transaction. There are no penalty fees for early settlements.
T's&C's
Where can a copy of the KOODOO.co.za Terms and Conditions be requested?
The KOODOO Terms and Conditions can be viewed on the website (KOODOO.co.za).
Where can the Terms and Conditions for this campaign be found?
Please visit the FNB website, click “About FNB + Legal” and select “Promotions
Terms and Conditions”.
