Iemas has a rewards programme like no other! November is a time when our members annually share in the organisation’s profits and we are excited to announce the 2018 member rewards amount to be a total of R109.4 million!
2018 Member rewards breakdown:
|Product||Reward %||Benefits of the product|
|Iemas Purchase card||3%||*Cardholders can look forward to receive 3% back on purchases.|
|Short-term insurance||4%||*Policyholders who are administered by Iemas Insurance Brokers can look forward to receive 4% cash back on total premiums paid.|
|Loan products||10%||*Members with personal loans, mini loans, maxi loans, emergency loans and GradUcare educational loans can look forward to receive 10% on interest paid.|
|Vehicle finance||8%||*If you have vehicle finance, you can look forward to receive 8% on interest paid.|
|Pension-backed loans||2%||*Members with pension-backed loans can look forward to receive 2% on interest paid.|
|Interest earned on reserve funds||6.5%||*A portion of your benefit (received on loans and finance business) is invested into a reserve fund. This fund acts as a savings account which accumulates as you continue to do business with Iemas and generates interest on an annual basis. This year, your reserve fund will earn 6.5% interest on the total fund balance.|
*All rewards are paid for the 12 months ending 31 August 2018. Terms and Conditions apply.
Despite the challenging economic times, South Africa faced in recent years, Iemas has been able to allocate more than a billion rand in member rewards over the past 10 years. This is a significant contribution to our members of which we are extremely proud and which is a testament to Iemas’ unique and resilient business model.
More blog articles on member rewards:
- The best loyalty cards in South Africa
- Earn double rewards
- Refer a purchase card friend and earn R250
- Introduce Iemas to your friends and earn R250 – do not miss out!
For more detailed information about Iemas’ overall performance for the past financial year, as ended on 31 August 2018, please click here to view the 2018 Annual Report.