Users like you can add images, links and other relevant information about this topic.
posted: Sep. 26, 2007 @ 11:40a
djscal
Senior Member
posted: Sep. 26, 2007 @ 11:47a
"There is no limit to the total number of points that you can earn, but there may be limits on bonus points" (from the terms)
I wonder what that means. FNBO loves to be vague in their disclosures.
tooshy
Frivolous Member
posted: Sep. 26, 2007 @ 12:07p
So this is their "new" product which they promised? I was hoping for some high rate short term CD products (finding good ones may be a challenge at this point). With further rate cuts anticipated, I suppose the emphasis will be on increasing their loan business rather than giving savings customers better interest rates (except poor distressed banks). So I've shifted my emphasis too.
Hope this will be around after November. I first have some spending to kill with my new AMEX card and Delta bonus thresholds.
kichubhai99
Member
posted: Sep. 26, 2007 @ 1:33p
I am Just Witing to kill the 75k point for the diamond rewards cad from citi and start using this after that will apply next week when i will imporve my score FICO
RS4Rings
Back in Rehab
posted: Sep. 26, 2007 @ 1:39p
Looks like you must have a savings account with them. How many plan on sticking with FNBO for the next year?
Since the FNBO Savings account has no minimum and no fees, I don't see the harm of keeping a few dollars in the FNBO Savings account to get the 2% CashBack.
In addition to the points described above, during the first 12 billing cycles after your account is opened you will earn 1 additional bonus point(s) for each $1.00 in Qualifying Credit Card Transactions you make. After the first 12 billing cycles after your account is opened, you will no longer earn such bonus points but you will earn regular points as described above. There is no limit to the total number of points that you can earn, but there may be limits on bonus points.
I haven't had problems getting CC from Chase, Discover, BofA, MBNA, FIA etc. but got turned down by them even with having large balance in FNBO (and showing it to them in appeal). The reason was # of inquiries in past 6 months (3) so YMMV.
daregan
Ancient Member
posted: Sep. 26, 2007 @ 3:51p
scott1961 said: Looks like you must have a savings account with them. How many plan on sticking with FNBO for the next year?I plan on keeping maybe $20 there, just so that it stays open.
moneymama
Shopaholic Member
posted: Sep. 26, 2007 @ 4:06p
You only receive the 2% Cash Back for 12 months though, so that's a bummer.
timothy86
Senior Member - 3K
posted: Sep. 26, 2007 @ 4:15p
daregan said: scott1961 said: Looks like you must have a savings account with them. How many plan on sticking with FNBO for the next year?I plan on keeping maybe $20 there, just so that it stays open.
I transferred everything out a few months ago and they still haven't closed it.
Proudparentof4
Member
posted: Sep. 27, 2007 @ 1:57p
Anyone apply for this card and get approved. I applied but still pending.
Declined. I guess my dozen or so inquiries and $256,000 in outstanding credit card balances spooked them. That's too bad, as I really would have liked to have a card from another issuer.
welookgoodcom said: Also FNBO is not an easy credit card issuer.
I haven't had problems getting CC from Chase, Discover, BofA, MBNA, FIA etc. but got turned down by them even with having large balance in FNBO (and showing it to them in appeal). The reason was # of inquiries in past 6 months (3) so YMMV.
yeah...and they have known to quickly close a card account after getting approved and seeing AOR like activity on your credit report...the adverse action thread has a bit on them...
LustfortheMoment
Senior Member - 1K
posted: Sep. 28, 2007 @ 6:21p
2%???? Forget about it. You can do much better with AMEX Blue Cash if you make substantial charges........
LustfortheMoment said: czarandy said: What if you don't make "substantial" charges?
Then this card (or the Orchard version) can be a reasonable deal when coupled with a 5% EDP card.........
If by "reasonable deal" you mean "better deal", then you are correct. 2% > 1.5% for Blue Cash.
LustfortheMoment
Senior Member - 1K
posted: Sep. 28, 2007 @ 10:57p
If by "reasonable deal" you mean "better deal", then you are correct. 2% > 1.5% for Blue Cash.
Vanilla, you're forgetting that AMEX Blue rebates 5% for supermarkets,drugstores,and fuel and does NOT have a $400/year rebate ceiling like Orchard or a 1 year limitation like FNBO.
greatpgmr
Member
posted: Sep. 29, 2007 @ 5:24a
LustfortheMoment said:
Vanilla, you're forgetting that AMEX Blue rebates 5% for supermarkets,drugstores,and fuel and does NOT have a $400/year rebate ceiling like Orchard or a 1 year limitation like FNBO.
And you are forgetting to mention that your statement is not true until you reach $6500 in charges on Blue ... why do you feel the need to endlessly pimp the AMEX Blue card? It's a decent card, but only for big spenders and those not willing to use different cards for different spending categories. Can you just use that card if you like and stop pumping it?
RS4Rings
Back in Rehab
posted: Sep. 29, 2007 @ 5:51a
greatpgmr said: why do you feel the need to endlessly pimp the AMEX Blue card? AMEX must be her pimp and she brings in a lot of transaction fees for them. So when a Pimp tells her to pump, she pumps
LustfortheMoment
Senior Member - 1K
posted: Sep. 29, 2007 @ 8:13a
It's a decent card, but only for big spenders and those not willing to use different cards for different spending categories.
All true. I just like the simplicity of carrying only two cards in my wallet. Those who wish to carry a restaurant card can certainly derive even more cash rebate. As for big spenders:
"The minute you walked in the joint, I could see you were a man of distinction, A real big spender, Good looking, so refined. Say, wouldn't you like to know What's going on in my mind? So, let me get right to the point, I don't pop my cork for ev'ry guy I see. Hey, big spender, spend... A little time with...me...me...me!"
greatpgmr
Member
posted: Sep. 29, 2007 @ 8:25a
LustfortheMoment said: It's a decent card, but only for big spenders and those not willing to use different cards for different spending categories.
All true. I just like the simplicity of carrying only two cards in my wallet. Those who wish to carry a restaurant card can certainly derive even more cash rebate.
Great ... now that everyone at FW knows about your AMEX Blue fetish you can stop posting about it.
Back on topic: Does this card show in the existing FNBO Direct Savings website or does it have its own website for just FNBO credit cards?
kichubhai99
Member
posted: Sep. 29, 2007 @ 10:37a
i had seen it when it i logged in , i am not sure if u can directly search but neways the links shud directly take you there
LustfortheMoment said: If by "reasonable deal" you mean "better deal", then you are correct. 2% > 1.5% for Blue Cash.
Vanilla, you're forgetting that AMEX Blue rebates 5% for supermarkets,drugstores,and fuel and does NOT have a $400/year rebate ceiling like Orchard or a 1 year limitation like FNBO.Personally, I find it "amusing" how certain people pick a card based on the Cash Back bonus it yields while, at the same time, seeming to frown at the 0% BT offers that these same cards offer.
I'd have to charge 50,000 a month to earn in "Cash Back" what I make on my card balances, all without even having to go to the store or make a purchase.
Of course, I do make purchases as well, and I would not turn my nose up at the Cash Back or sony rewards....
Be warned about keeping a savings account open on FNBO and if you make one small mistake transferring funds, they'll ding you for $30 fees that never stop. I tried to close my account and erroneously put down $2 extra dollars that I didn't have, now I can't get them to STOP the transfer and even though my account is "suspended", they're still processing the transfer and charging me $30 each time for NSF.Up to about $120 so far in b.s. bank fees.
Granted it was my mistake the first $30 but the $120 and endless amounts in sight are ridiculous. Everyone I talk to passes the buck and has to go to their supervisor, at this rate, the bank president should be about $90 away.
I'm emailing them right now to find out about limits on the 'Bonus Points'..
----------------------------------------------------------------------------------------------------- FNBO Direct ExtraEarningsSM REWARD TERMS AND CONDITIONS
In order for you to receive or redeem reward points, you must have an FNBO Direct online savings account and your credit card account ("Account") must be in good standing. Reward points are not made until they show on your Account statement, and we reserve the right to retroactively correct errors made in awarding and redeeming points. You will earn one point for each one dollar in Qualifying Credit Card Transactions posted to your Account. "Qualifying Credit Card Transactions" means authorized new purchases posted to your Account, net of refunds, credits (for returned merchandise or otherwise) and disputed billing items (alternatively, points may be deducted for awards based on purchases that are subsequently subject to a refund, credit or dispute). "Qualifying Credit Card Transactions" do not include, without limitation, cash advances, special check transactions, balance transfers or charges for credit insurance or debt cancellation. In addition to the points described above, during the first 12 billing cycles after your account is opened you will earn 1 additional bonus point(s) for each $1.00 in Qualifying Credit Card Transactions you make. After the first 12 billing cycles after your account is opened, you will no longer earn such bonus points but you will earn regular points as described above. There is no limit to the total number of points that you can earn, but there may be limits on bonus points. Points are redeemable via rewards credits (to your FNBO Direct online savings account) in $25 (2,500 point) increments. In order receive a rewards credit, you must take action to redeem your points by following the steps set forth at www.fnbodirect.com. Points will expire on or after the third anniversary of when they were awarded. Additional important restrictions, terms and conditions apply and will be provided to you when you become an approved member. -------------------------------------------------------------------------------------------------
A call to their CSR resulted in a clue-less CSR that couldn't answer my question.. I've sent an email to them with the same question..
Skipping 6 Messages...
dataadmin
Senior Member
posted: Jan. 24, 2008 @ 10:38p
The rewards are $25 per request (not multiples of $25). So, if you have 5000 points, you need to request a redemption twice - $25 for the first 2500 points and $25 for the next 2500. I had a statement where I earned over 5000 points and thought I could just request $50 but it doesn't work that way. Not a big deal to make two requests on the web site though.
Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.
Members of our community may attach files to a post in accordance with the User Agreement. FatWallet is not responsible for the content, accuracy, completeness or validity of any information contained in any attached file. Files have *not* been scanned for viruses. Be especially wary of Excel files which may contain malicious content.
