FNB has announced new credit products, to “help South Africans get access to credit”. A new FNB Fusion account will offer a starting credit limit of R1 000 to first-time credit holders, middle-income banking clients who only want a credit account to “start their credit journey” and build up their credit record. The transactional account will offer day-to-day banking and has a credit facility for emergencies, unplanned life events, or getting clients through the end of a financially tough month to cover bills with zero interest for 30 days. Customers can also earn eBucks and have access to credit card equivalent benefits, such as travel insurance. Also new is a standalone Aspire credit card that allows customers to earn eBucks, access SLOW Lounges and create a virtual card on the FNB App. The credit account will cost R42 a month, targeting middle-income customers.
