FNBO Direct Planning a Cash Back Reward Credit Card
Now You Can:
* Set up reoccurring deposits into your FNBO Direct Online Savings Account from your pre-verified external transfer accounts
*Open and fund additional FNBO Direct accounts using your pre-verified external accounts
*Choose your username and password when you set up your account
In addition to continually improving our features and functionality, over the next few months we will be introducing new products and services to make your FNBO Direct relationship more valuable. For example, the FNBO Direct Credit Card will give you a competitive interest rate and cash back rewards deposited into your FNBO Direct Online Savings Account.
I remember when EmigrantDirect went from the highest rate savings account to offering a cash back credit card in 2005 (post). That turned out to be a disappointment when the cash back reward turned out to be only 1.25%. Later it was bumped up to 1.40%, but still that was low when Citibank and Chase were offering 5% cash back on everyday purchases. Another issue with the credit card was that Emigrant required the account holders to maintain a savings account balance of $10,000 for 6 months before they would be eligible for the cash back rewards. Hopefully, we'll see a better program by FNBO.
For a summary of the FNBO Direct savings account and the 6% promotion, please see my FNBO Direct account overview or for all of my previous FNBO Direct posts, please see this page.
Thanks to the reader Nabil who mentioned this email in the finding deals post.
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