FNB in partnership with iStore is offering qualifying credit card holders the new iPhone X and other selected Apple devices at discounted rates.
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, FNB said.
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, said that the deal is a first for the industry, and follows the bank’s free data initiative announced in October.
She said 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.
Although iPhone stock is currently constrained due to the overwhelming response from consumers, FNB Credit Card holders can join the waiting list at iStore.