Fuel rewards compared as Capitec and Nedbank launch theirs
Capitec and Nedbank have both launched fuel rewards, making them the last of the major banks to do so.
FNB was the first of the banks to introduce rewards based on fuel purchases as part of its eBucks rewards programme in 2010. Absa and Standard Bank followed with their Absa Rewards and uCount programmes, while Discovery Bank (and its predecessor the standalone credit card) also offers rewards for fuel.
In 2016, Clicks began offering its Clubcard members points for filling up at Shell. The deal ended abruptly in November 2019, with the partnership shifting to Engen. Dis-Chem copied this in late 2017 by partnering with Total.
Nedbank
Nedbank has relaunched its Greenbacks rewards proposition; it now comprises three different packages linked to specific Nedbank products (including day-to-day money management as well as loan customers).
Only one, Card Swiper, earns customers money back at partner BP. Account-holders have to activate Greenbacks and opt into Card Swiper. It is free to clients with Optimum, Savvy Plus Gold, Savvy Bundle and Nedbank Professional Banking accounts. Other customers will pay R24 per month.
Greenbacks Card Swiper customers will earn a cashback of 25c per litre with the bank selling the fact that there are “no complex rules or loyalty tiers”.
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