Archives For Absa Group

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The Christmas season is always filled with the hustle and bustle of running around, trying to figure out if you’ve bought enough presents for everyone, if  you’ve budgeted enough for your spends and if the grocery cupboards are stocked up for all your visitors. I now understand why this time of the year has also been dubbed, “the silly season”, because it seems that the amount of spending – even sometimes without realising it – can become quite silly and overwhelming.

Various banks. including FNB eBucks, Nedbank Greenbacks, Standard Bank UCount Rewards and Investec’s Dividents Rewards Programme, have introduced their very own rewards programmes for times just like these. Simply by swiping your card, depending on who you bank with, you can instantly gain rewards which can be saved and used when you need that extra cash to spend.

Because I bank with Absa, I was able to reap the benefits of the Absa Rewards programme where I pay only R21 a month to gain rewards everytime I swipe my debit card. Rewards redemptions vary in amounts, depending on where I swipe my card, offering me highter redemptions if I swipe at any of Absa’s redemption partners.

You can imagine my surprise this week when I realised I could spend a little bit more without the added expense, all thanks to my Absa Rewards and my Pick n Pay Smart Shopper account.

My family have decided to visit me in Johannesburg for Christmas this year. Being Christmas time, I want to be able to spoil them with yummy treats and sweet goodies, especially for my younger little cousins, making their Christmas away from home that much more memorable.

My Absa Rewards, which I had gained from swiping my Absa debit card at various outlets, allows me the option of choosing to redeem my rewards either as cash, airtime, shopping vouchers, giving back to charity or redeeming through their Redemption Partners (Pick n Pay Smart Shopper points or Dischem Benefit Programme points). This came in really handy to get those extra grocery goods for the family and redeeming my Absa Rewards as Pick n Pay Smart Shopper points was such an easy process.

All I had to do was to call the Absa Rewards customer care line on 0861 788 888. Once I was on the line, I prompted to press number “1” on my phone which gave me the option of redeeming my rewards. I was then put through to an operator who was very helpful in converting my rewards to my Smart Shopper points, now redeemable at any Pick n Pay. All I had to do was to provide him with my South African ID number, he confirmed my details, asked how much of my rewards I wanted redeemed as Smart Shopper points and just like that, it was done.

To make things even better, because of this kind of redemption of my Absa Rewards, I gained an extra 15% on the amount redeemed, giving me even more to spend.

For security purposes and to keep me, as the customer, in the know about my transactions, I received two SMSes, one alerting me of my redemption transaction and another letting me know what my remaining rewards balance was.

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You can redeem your Absa Rewards online too if you are registered with their online or cellphone banking. If not, visit their website to sign up.

As easy as that, I was able to go to my nearest Pick n Pay and spend using my Smart Shopper points, without any extra expense to me. Now I can spoil my family, with no extra costs incurred. I’ve rewarded myself this Christmas, why don’t you?

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nedbank

As part and parcel of our weekly bank rewards programme reviews, this week’s Weview Wednesday looks at the Nedbank Greenbacks Rewards Programme. With the festive season rapidly making its way to our pockets, what better way to spend than to be rewarded for your spending? We’ve already looked at the Standard Bank U-Count Rewards; the Absa Rewards Programme, FNB eBucks and now let’s see what the Nedbank Greenbacks Programme has to offer its clients.

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How it works?

Pro’s:

  • Joining Nedbank Greenbacks Rewards is quick, easy and free
  • You can link up to 10 credit or cheque cards to this account at no additional fee and gain Nedbank Greenbacks on your accumulated spend on all cards
  • Nedbank Greenbacks never expire allowing you to save your points towards those rewards you’ve always wanted
  • The balance on your Nedbank Greenbacks account is updated on a daily basis and you will receive quarterly statements to inform you of your balance
  • Spend your Nedbank Greenbacks either on their online shop or by calling 086- 555 111 or 0860 555 222 for Nedbank Personal Relationship Banking clients or 0860 111 263 for Nedbank Private Wealth Clients and provide them with all the relevant details

Con’s:

  • If you do not spend on your Nedbank card for five months or more, your Nedbank Greenbacks account is considered dormant and you will lose those points
  • You can only apply to reopen your Nedbank Greenbacks account three months thereafter, and your forfeited Greenbacks will be reinstated in full
  • Nedbank Greenbacks are only earned on eligible card spend which excludes cash withdrawals, casino chip purchases, fuel purchases, finance and other card charges, fees or taxes levied by Nedbank or the government, the purchase of travellers cheques or other negotiable instruments, garage card transactions, budget account installments and interest, insurance premiums and internet transfers or payments