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FNB Business Gold Credit Card

Table of Contents
SME Reviews 15
Introduction

Operating a business requires a lot of additional, flexible capital. Business owners need this extra cash to easily and quickly accessible. Typically, business owners use their own income or leverage their cash flow to cover any unexpected expenses. Another option is a business credit card.

What is a Business Credit Card?

A business credit card is a line of credit issued specifically for company expenses. It functions like a personal credit card but helps business owners keep company, and personal finances separate, track corporate spending, and build a dedicated business credit history.

All traditional banks offer a business credit card. One of the most trusted options is the First National Bank (FNB) business credit card.

What is the FNB Business Gold Credit Card?

The FNB Business Gold Credit Card is a tailored corporate credit facility from First National Bank (FNB) designed for businesses with a turnover of up to R5 million per annum. It allows business owners to manage cash flow and issue cards to key personnel like managers and sales representatives.

What does the FNB Business Gold Credit Card Offer SMEs?

The FNB Business Gold Credit Card offers SMEs flexible credit, built-in spend management tools, and robust rewards programmes. It provides up to 35 days of interest-free credit, free card delivery, and zero transaction fees on standard purchases (excluding fuel and cash withdrawals).

Main Features

Flexible Repayment: You can choose from full monthly settlement, a revolving credit facility (minimum 10% repayment), or a budget facility.

Zero Transaction Fees: No transaction fees on standard purchases (excluding fuel and cash withdrawals).

Rewards and Cashback: You can earn and maximise returns through FNB’s eBucks Rewards for Business, which offers up to 15% back on fuel, prepaid electricity, and selected retail partners.

Travel Benefits: FNB offers its gold members automatic global travel insurance and access to VISA partner discounts.

Advanced Security: For added security, the offering includes inContact Pro instant notifications, Online Secure for safe online purchases, and protection against fraudulent, non-PIN-related incidents.

Vehicle and Travel Aid: You can add a linked petro card to cover fuel and tolls, and gain access to digital Virtual Cards for safe contactless payments.

Pricing

FNB charges annual and monthly facility fees, as well as standard transaction and service charges.

  • Monthly Account/Facility Fee – From R49 per month
  • Purchases – There are zero transaction fees for local point-of-sale (POS) and online purchases.
  • Cash Withdrawals – Standard ATM cash withdrawal fee, starting at R2.80 per R100.
  • Interest Rates – Personalised interest rates are capped per the National Credit Act (NCA), starting from the prime rate of 11.25% + 2% up to over 17% depending on your risk profile.
  • Card Replacement – R120
  • Declined Transactions – R8,00
Pros and Cons

Pros

Rewards programmes
Interest-free days
Improved cash flow
Tracking and reporting on purchases

Cons

Unlike other business credit cards, you get 35 interest-free days instead of 55 days.
Potential for debt
Creditworthiness impact
FAQs

The documents you’ll need can vary depending on your business structure. Generally, you’ll need your South African ID, business registration documents, and recent financial statements. It’s best to contact FNB directly for a specific list.

Yes, new businesses can apply, but they may need to provide additional documentation or have a personal banking relationship with FNB.

FNB considers various factors when reviewing applications, not just your credit score. Having a healthy business bank account with FNB can improve your chances.

Yes, FNB charges foreign transaction fees for using your card outside of South Africa.

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