FNB T's & C's

1. The Credit Card budget facility promotional campaign ("Credit Card promotional campaign"):

1.1 The Campaign is open to FNB/RMB Credit Card holders ("FNB/RMB Credit Card"), which hold either an active Aspire, Premier, Private Clients, Private Wealth, RMB Private Bank or Signet Credit Card.

1.2 In order to qualify, a customer must spend a minimum of R 5000.00 limited to a maximum of R 30 000.00 on either their FNB or RMB Private Bank Credit Card at KOODOO.co.za when purchasing any PlayStation product/s ("product(s)").

2. The Credit Card promotional campaign entails the following:

2.1 When a customer purchases any PlayStation products from KOODOO.co.za, using their FNB/RMB Credit Card they will qualify to transfer their purchase to a budget facility where the interest rate charged on the budget facility will be fixed at the current prime* rate or prime +2% at time of the purchase subject to the terms and conditions below

2.2 The prime or prime + 2% rate charged to the budget facility at the time of the purchase will remain fixed during the customer’s chosen budget term and will not be amended or affected by any prime rate amendments.

2.3 Customers can choose a budget term of 12 or 24 months.

2.4 At the time of the purchase, customers must purchase the product(s) on their straight facility. The amount of the purchase price will reduce the customer’s available credit card limit.

2.5 After the purchase is made, FNB will transfer the purchase price amount and the utilised portion of the credit card limit to make the purchase, to the budget facility. The transfer from a straight facility to a budget facility may take from 3 (three) to 5 (five) business days, during which time customers will be charged their normal personalised interest rate on their straight facility for such purchase.

2.6 Customers will not be refunded for the difference between their personalised interest rate charged and the promotional interest rate (prime rate) during the period that the purchase had not yet been transferred from a customer’s straight facility to the budget facility.

2.7 As a customer pays down their budget facility on a monthly basis, the available funds in the budget facility may be transferred by FNB back to the straight facility and will form part of the customer’s straight facility limit.

2.8 Customers may prepay and settle the utilised budget facility. In order to settle the budget facility before the expiration of the budget term, customers must contact FNB Credit Card to effect an early settlement before the expiration of the budget term.

2.9 There are no early payment fees or penalties charged when settling a budget facility before expiration of the budget term.

3. Terms and Conditions for the Credit Card promotional campaign:

3.1 To qualify for the Credit Card promotional campaign a customer must:

3.1.1  Be resident in the Republic of South Africa.

3.1.2  Be 18 years or older.

3.1.3  Purchase a product from the KOODOO.co.za online store in South Africa using their qualifying FNB/RMB Credit Card and making the purchase using their straight facility during the period between October 2020 to 31 March 2024.

3.1.4  Select "Buy on FNB" when making the purchase and elect the budget term.

3.1.5 Have an available credit limit to make payment of the full purchase price of the product(s). Only amounts used from the available credit limit to make the purchase will qualify to be moved to the budget facility at the promotional interest rate of prime or prime + 2%. Any funds which have been transferred from the customer’s cheque account to his/her credit card will not form part of the budget facility promotional interest rate.