Fnb Credit Card Interest Rates, Charges, Types & Eligibility

Fnb credit card interest rates

First National Bank (FNB) offers numerous credit cards designed to suit the requirements of their cardholders. FNB credit cards are categorized into lifestyle, reward, shopping, travel, and petro card. Each card is designed for a particular group of cardholders based on their spending habits.

If the payments are made on time, interest will not be applicable. However, if partial payments are made, a certain interest rate is charged on the closing amount every month until the amount is paid in full.

What is the Fnb Credit Card Interest Rate?

Generally, the interest rate charged by Fnb can go up to 8% per month. However, the interest rate differs from card to card and it is best to read your credit card statements or get in touch with the nearest Fnb Bank branch for more information.

How is Fnb Credit Card Interest Rate Calculated?

Fnb Bank offers a grace period or interest-free period on credit card payments. Usually, the grace period or the interest-free period offered by Fnb can range from 55 days depending on the type of credit card you hold.

[(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 NameMonthly feeMinimum Annual
income Required
Aspire credit cardR25.00R84,000
Premier credit cardR82.00R350 000
Private Client’s credit cardR150.00R750 000
Private Wealth credit cardR278.00R1.8M
Petro cardR61.00R84,000
FNB Gold credit cardR52R84,000

Fnb Credit Card Interest-Free Period

Fnb Card offers an interest-free period of 55 days to its users. This period is calculated between the last statement generation date to the current due date. During this period, no interest is charged on any of the purchases. Please note that the two most important things related to 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

How is Fnb Credit Card Interest Rate Calculated?

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.

What should I do if I lose my credit card?

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. But by profession, I am a blogger. 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 try my best to give the correct information to the people so that they can achieve their goals in the right way.

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