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Fnb fusion account

Smooth_Red

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Wondering lif any of you guys can explain something to me since fnb are unable. The branch manager and everyone on the call centre have no idea.

So they say its a 30 day interest free credit facility for POS card purchases. But one day after swiping this card, I'm already being charged interest. This amount is noe climbing daily. Any one know whats happening here?
 

iamgigglz

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7. TRANSACTIONS THAT WILL ALWAYS ATTRACT DEBIT INTEREST IMMEDIATELY
Interest will be charged immediately from the transaction date for the following transactions, if the Credit facility is utilised to make these transactions (including but not limited to):
• Cash withdrawals;
• Travellers cheque purchases made with the Credit Card and certain Foreign Exchange transactions;
• Electronic funds transfers which result in a debit balance on your Credit Facility;
• Fuel or fuel-related transactions on the FNB Fusion Petrol Card; and
• Any transaction where the Credit Card is not used at a payment terminal or website and is considered to be a cash transaction. • Debit orders and scheduled payments.
The "including but not limited to" part of this makes me suspicious.
You need to be persistent with the call centre. They can't just tell you they have no idea. They're taking money from you; stay on that call until someone can tell you why.
 

iamgigglz

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JollyJamma

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Wondering lif any of you guys can explain something to me since fnb are unable. The branch manager and everyone on the call centre have no idea.

So they say its a 30 day interest free credit facility for POS card purchases. But one day after swiping this card, I'm already being charged interest. This amount is noe climbing daily. Any one know whats happening here?
Did you do any EFTs from your credit facility?

Also, the Fusion account is a bad idea unless you’re very careful with your finances.
 

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