South Africa has many different banking options with their own respective banking rewards programs. These rewards programs help banks to attract customers and ensure that existing customers are not tempted to switch banks. Let’s have a look at what the top SA banking rewards programs (as listed on LikeMoney) have to offer:
Launched in South Africa in 2013, Avios is a type of “currency” which is a shared global travel rewards program offered by IAG ( International Airlines Group). You earn Avios points every time you swipe with your British Airways Credit Card, and these points can be spent on exciting rewards.
Nedbank Greenbacks rewards you every time you spend on your Nedbank cheque or credit card. You can earn Nedbank Greenbacks on all your eligible card expenditure whichyou can then use to redeem on a variety of different rewards. If you use your American Express Credit or cheque card, you earn Nedbank Greenbacks in half the time. The Greenbacks Rewards Program has a monthly linkage fee of R17.
This is probably the most well known banking rewards program in SA, allowing customers to earn points when ever they use their FNB cheque card. By using FNB products and services, you can increase your rewards level, allowing you to also spend your earned rewarded points on travel, electronics, appliances, books, fashion, equipment, pretty much anything!
Standard Bank UCount Rewards is Standard Bank’s rewards program, allowing members to gather rewards points which can be used for a range of items such as fuel. It allows one to receive substantial benefits, discounts and special offers from banking with Standard Bank. You will earn Ucount points from the following grocery retailers: Checkers, Checkers Hyper, Food lovers Market, Fruit & Veg City, Makro, Pick n’ Pay, Spar and Woolworths.
WRewards is Woolworths rewards program. WRewards is Woolworths way of rewarding their loyal customers instantly so that you can save money every week. If you are a Woolworths cardholder you are automatically a member with WRewards.
These banking rewards programs are all extremely beneficial in their own way, offering customers an array of incentives to remain loyal and keep spending.
Use LikeMoney’s comparative platform to have a look at what each of these programs have to offer, and see which one is the most ‘liked’ by your friends!