First National Bank (FNB) provides credit cards to its customers according to their needs. Fnb credit cards are categorized as Lifestyle, Rewards, Shopping, Travel, and Petro cards. Each card is designed for a particular group of cardholders based on their spending habits.
If the credit card payment is made on time, no interest is applied; but, if a partial payment is made, a certain interest rate is applied to the outstanding amount each month until the full payment is made.
So today, through this article, we will find out when and how much interest is charged on an Fnb credit card. If you also want to know what the Fnb credit card interest rate is, then read this guide carefully as an effort has been made to provide you with complete information here.
What is the Fnb Credit Card Interest Rate?
Normally, the interest rate charged by Fnb Bank can be up to 8% per month. However, interest rates are different for each credit card, and for more information, it is best to read your credit card statement or contact an Fnb Bank branch; although we have also conducted research to collect this information, which is why we are able to tell you.
How is Fnb Credit Card Interest Rate Calculated?
FNB Bank also offers a grace period or interest-free period on credit card payments. Typically, the grace period or interest-free period provided by FNB can be up to 55 days, depending on the type of credit card.
[(Total number of days x transaction amount x 3.35% per month x 12 months) x number of days] ÷ 365 days
Here are some of the interests & Fee on the Fnb credit card-
| Fnb Credit Card Name | Monthly fee | Minimum Annual income Required |
| Aspire credit card | R25.00 | R84,000 |
| Premier credit card | R82.00 | R350 000 |
| Private Client’s credit card | R150.00 | R750 000 |
| Private Wealth credit card | R278.00 | R1.8M |
| Petro card | R61.00 | R84,000 |
| FNB Gold credit card | R52 | R84,000 |
Fnb Credit Card Interest-Free Period
Fnb Bank provides its credit card users with an interest-free period of 55 days. This period is calculated from the date of the last statement generation to the current due date. During this period, no interest is charged on any purchases. Please note the two most important things related to the FNB Bank credit card interest-free period:
- The interest-free period is not applicable if you have carried forward your outstanding balance from the previous cycle to the current cycle.
- The interest-free period does not apply to cash withdrawals.
Frequently Asked Questions
The credit card interest rate is calculated by considering multiple things, such as transaction date, total amount due, transaction amount, amount due date, and much more.
If you lose your Fnb credit card then call the Fnb credit card support to block it. The toll-free numbers are 087 575 1111.
Editorial Note: The information presented in this article is not provided by the Fnb Bank. The article has been created for educational purposes and is intended to be helpful for customers of the Bank. It should be emphasized that the content is not endorsed or validated by the Bank, and readers should refer to the official website for accurate and up-to-date information about the bank’s products and services.
Author
Hello friends, my name is RK Singh and I am an engineer. However, by profession, I am a blogger; I have a keen interest in the finance niche. My main goal in starting this blog is to solve the difficulties people face in using online banking, bank branch codes, debit cards, and credit cards. I am not affiliated with any bank or company. I strive to provide people with accurate information so that they can achieve their goals correctly. If you still have any queries, please feel free to follow my social media accounts listed below and ask questions without hesitation. Thanks.
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