The FNB Petrol Card is a credit facility accessible to individuals earning an annual income of R84,000.00 or higher. This credit card entails a monthly maintenance fee of R61.00.
How does FNB petrol card work?
The FNB Petrol Card Account combines a credit facility account and a transactional account, both of which are linked to a single Petro card. In contrast, a FNB Standalone Petrol Card is a transactional card that can be used for your vehicle, gasoline, toll payments, and vehicle maintenance.
The FNB Petrol Card comes with free AA roadside assistance which includes the following free benefits:
- Free roadside repair.
- Changing of flat tyres.
- Tow in services limited to 40 kilometres round trip. This service is available 24/7/365 days.
- Stand by your service.
- Refuelling with up to 10 litres.
- Key lockout service, limited to a maximum of R300.00 including VAT.
- Restarting a flat battery.
- Courtesy services that include car hire and overnight accommodation including you and four of your passengers.
Benefits
Apart from the core features, the FNB Standalone Petro Card offers a host of additional benefits that enhance your overall experience:
- Subscription Services: Enjoy complimentary subscriptions to inContact, FNB Cellphone Banking, Online Banking, Telephone Banking, and the FNB App, ensuring that you stay connected and informed about your account activities.
- Contactless Payments: Experience the simplicity and security of contactless payments, allowing you to make fast and secure transactions by simply waving your card at compatible terminals.
- Roadside Assistance: Gain access to Live AA roadside assistance, including services such as roadside repair, refueling (up to 10 litres), tire changes, key lock-out assistance, battery restarts, tow-in services, and more. Additionally, the FNB Stand By You service provides peace of mind by sending an armed security guard to accompany you until help arrives in case of a breakdown.
FNB Petrol Card
| Fee Type | Amount (ZAR) | Description |
|---|---|---|
| Monthly Fee | R61 | Monthly fee covering credit facility, service fee, and credit card account fee |
| Credit Facility Fees | Up to R175 | Maximum credit facility fees per month |
| Credit Card Account Fees | ||
| – Monthly Account Fee | R44 | Fee charged monthly to manage and maintain your credit card account |
| – Additional Card Fee | R20 | Fee for requesting an additional card |
| Transaction Fees | ||
| – Fuel Transaction Fee | R6.25 | Fee for fuel purchases through the Petro Card |
| Other Fees | ||
| – Declined Transaction Fee | Variable | Fee charged for declined transactions |
| – Card Replacement Fee | R150 | Fee for replacing a lost or damaged card |
| – International Card Delivery | R760 | Fee for delivering the card internationally |
| – Courier Delivery | No Charge | Fee for courier delivery of the card (standard option) |
| – Urgent Delivery | R265 | Fee for urgent delivery of the card |
| – Branch Delivery | No Charge | Fee for branch delivery of the card (standard option) |
| – Scheduled Delivery1 | R160 | Fee for scheduled delivery of the card (free if KYC documentation needs to be collected) |
Where to use the FNB Petro Card
The FNB Petro Card extends its utility beyond mere petrol purchases, covering toll payments and vehicle maintenance expenses across South Africa. However, it’s essential to note that while the Petro Card operates as a credit card, its usage is restricted exclusively to motor vehicle-related transactions.
This means that the Petro Card cannot be utilized for any non-vehicle-related transactions. On the bright side, you not only have the convenience of paying for a wide range of motor vehicle services but also gain access to complimentary AA Emergency roadside assistance services, making it a valuable companion for your journeys.
What the card Gives you
- Free auto payment, offering you the convenience of having your account paid on time each time.
- You get access to online banking, mobile banking, telephone banking and/or Mobile App banking for having the FNB Petro card.
- Free lost card protection and PIN replacement
- The FNB Petro Card comes with a secure chip and pin, therefore, providing extra security against unauthorized use.
- Comes with a free subscription to inContact, meaning, you will receive an SMS notification for every transaction of more than R100.00.
- Free AA roadside assistance.
- Has personalised interest rates and limited.
- Free Contactless technology that allows you to make fast and secure payments for low-value purchases.
- You get to choose between a standalone Petro card and a linked Petro card, all dependent on your preference.
- Comes with a credit facility that suits you.
The list above demonstrates how the Petro card is intended to simplify your banking, transaction, and credit life. The card is advancing to become one of the most secure Petro Cards in South Africa, thanks to the addition of a magnetic chip and contactless technology.
Competitive Advantages of the FNB Petro card
- Requires you to earn at least taxable income of R7000.00 per month to qualify.
- Comes with many freebies such as AA roadside assistance, card replacement, digital banking, etc.
- The new card is updated with current credit card technology.
- You can use the card internationally and locally.
- Offers convenience when you don’t have the adequate cash flow to run urgent maintenance on your vehicle, as such, the FNB Petro card comes in handy at such times.
- You can close down your Petro Card at any time with penalties.
- It’s easy to apply for the Petro Card especially when you are an FNB client.
Competitive Disadvantages of the FNB Petro card
- The Petro Card simply functions as a credit card, so if you already have one, you don’t need a Petro card.
- Transaction fees apply, so the more you transact, the more money you will pay in fees.
How to apply for the FNB Petro card
- You need to have a South African ID.
- Be over the age of 18 at the time of application.
- Provide recent 3 months bank statements(this is for those that do not receive their salary through an FNB account).
- A recent payslip
- Proof of residence that is not older than 3 months.
- You can use the FNB digital platforms to apply or you can apply at any FNB branch.
However, having all these required documents doesn’t mean that you will be automatically approved for a Petro Card. Getting a Petro card is subject to a credit assessment that is conducted by FNB. Also, to qualify for an FNB Petro Card you need to earn at least R84,000.00 per year.
Conclusion
Every motorist will appreciate the benefits of the FNB Petro Card. Given that the monthly card price is only R61.00, the fact that you get free AA roadside assistance worth R100.00 per month is a bonus. Try to calculate the potential cost of holding a FNB Petro Card before you get one, especially if you have a credit card. By completing this evaluation, you will be able to determine whether or not you need the Petro card.
