The FNB Credit Card Balance Transfer Campaign presents a great opportunity for eligible South Africans seeking to manage their credit balances efficiently. For a limited time, qualifying FNB Credit Cardholders can take advantage of a 9.9% fixed interest rate for the first nine months on transferred balances. This competitive rate applies to transfers of R5,000 or more, combined with a minimum repayment term of 18 months. Your eligible balance is determined by your available credit and credit limit at the time of application.

After the nine-month introductory period, your balance transfer will revert to your personalised contracted interest rate. This offer is available to individuals with an Aspire, Premier, Private Clients, Private Wealth, or Signet Credit Card, provided you meet the age and residency requirements and your accounts are in good standing. Business and Fusion cardholders, as well as those with accounts in arrears, do not qualify.

How to Apply: Step by Step

• Log in to your FNB online banking account or App
• Navigate to credit card services and select balance transfer
• Confirm your eligibility and available credit
• Enter the desired transfer amount (minimum R5,000)
• Choose a repayment term (minimum 18 months)
• Review and accept the balance transfer terms
• Submit your request for FNB to process

Key Advantages

The 9.9% fixed interest rate for the first nine months allows you to save on interest charges compared to many standard credit card rates. You get flexibility with a minimum transfer of R5,000 and can choose a repayment term that suits your budget.

Since the transfer is placed on your credit card budget facility, you can better manage monthly payments without incurring higher straight facility interest. This offer is a good way to consolidate high-interest debt into a more manageable payment structure.

Important Disadvantages

The preferential interest rate lasts only for the first nine months. After this period, your balance will attract your usual agreed-upon rate, which could be higher. In addition, you are only allowed one balance transfer at a time; if you settle early, you may not qualify for a new transfer right away.

FNB does not guarantee processing times for transfers. Delays might result in additional finance charges on your existing accounts before the transfer is reflected. There are also strict qualifying requirements, and certain card types are excluded from this campaign.

Our Verdict

The FNB Credit Card Balance Transfer Campaign is best suited for those who qualify and want to reduce their interest payments in the short term. If you have well-managed finances and can stick to the payment schedule, this offer provides significant interest savings on higher-rate balances.

Always weigh the conditions—such as term length and eligibility—against your unique financial situation. Used wisely, this balance transfer can help you pay off debt more efficiently.