FNB Gold, Premier, Private Clients, Private Wealth and RMB Private Bank credit card holders will be able to purchase the iPhone X 64GB (30 months) and iPhone X 256GB (29 months) at R749 and R899 per month respectively.
At 24 months, the customer can trade in the device and use the trade-in value to settle their outstanding balance, or continue paying for the remainder of the term.
Customers will have to purchase the device at any iStore in South Africa on their FNB Credit Card straight facility. Once a purchase has been made, FNB will transfer the purchase and limit onto a budget facility at a promotional 8% interest rate.
Heetal Govindjee, Head of Product at FNB Credit Card, says this exclusive deal, a first for the industry, is yet another way of adding value to customers by tapping into innovation and meaningful partnerships in order to continue offering them value for money, more choice and access to the latest technology at affordable rates over a reasonable repayment period.
“Not only will customers experience top of the range technology, without burning a hole in their pockets, this deal will go a long way to helping them to save, given the tough economic circumstances which continue to put pressure on disposable income,” says Govindjee.
She adds that this latest offering is aligned to one of FNB’s broader objectives to make smart devices affordable for South Africans who previously would not have been able to purchase them.
This exclusive offer follows the current FNB Connect data incentive, whereby customers are set to benefit from 3 million Gigabytes of data as a reward for using the bank’s digital platforms between 1 November and 31 January 2018.
This is in addition to the eBucks rewards that qualifying FNB customers get for using the bank’s digital ecosystem and other eligible products.
Although iPhone stock is currently constrained due to the overwhelming response from consumers, FNB Credit Card holders can join the waiting list at iStore.