The issuer
First National Bank issues the Premier Credit Card as a division of FirstRand Bank Limited. The company registration number is 1929/001225/06. FNB states that it is an authorised financial services provider and an authorised credit provider. The financial services provider number is FSP 3071. The credit-provider registration is NCRCP20.
Supervision is split across three bodies. The National Credit Regulator holds the credit-provider register. The Financial Sector Conduct Authority oversees market conduct. The South African Reserve Bank handles prudential supervision. Together those are the NCR, the FSCA and the SARB. Written correspondence for the bank goes to 4 First Place, Bank City, Johannesburg, 2001. Card enquiries go to 087 575 11 11.
How to verify NCRCP20
Open the National Credit Regulator register at ncr.org.za and search NCRCP20. That search is how you confirm that First National Bank, as a division of FirstRand Bank Limited, is a registered credit provider. Match 1929/001225/06 to the company name on the register entry.
What the card is
The Premier Credit Card is revolving credit for applicants whose income falls in the R300,000 to R749,999 band. The live monthly quote for the card pack is R125. Purchases kept on the straight facility can be interest-free for up to 55 days when the statement is paid as required, and qualifying spend can earn eBucks. Fusion Premier folds a credit facility into one monthly fee of R260. The limit on either pack is the outcome of an affordability assessment under the National Credit Act. FirstRand prints no single ceiling on that limit.
