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Jan 06, 2024

Standard Bank to cut space by as much a quarter, targets 15m SA clients

The only bank that charges customers monthly fee to sign up for their loyalty rewards. Good luck getting that 10 million extra customers. Hi Henry. Some other banks also charge for their rewards. i.e

The only bank that charges customers monthly fee to sign up for their loyalty rewards.

Good luck getting that 10 million extra customers.

Hi Henry.

Some other banks also charge for their rewards. i.e Nedbank R24 for greenbacks.

https://www.nedbank.co.za/content/dam/nedbank/Campaigns/NedbankCurrentAccPRBCharges.pdf

Also, if you consider Discovery Bank with Vitality then there is another example.

RegardsJohn

Thanks! I didn’t know that. I see that ABSA also charges R23 p.m. for “rewards”

Really uncompetitive when comparing to Capitec-Shell fuel cash back program.

Why must they charge for a rewards/loyalty program ??? my kop is te plat om dit te verstaan!