FAQ/BLOG

How does Incentiv8 work?

Incentiv8 is the first graduate reward payout plan that will pay you out cash (up to R50,000) when you complete you studies. To sweeten the deal we will give you your share of R100,000 free airtime and data when you register as well as give you airtime and data each month while you are still studying.

All you need to do is sign up on our website at www.incentiv8.co.za/sign-up-now select the payout amount available based on when you will be completing your studies and pay your agreed monthly premium via EasyPay at any retailer or via debit order.

What university must I be studying at to apply for my Incentiv8 pay-out?

Currently we only offer Incentiv8 to all students who are studying at the following Universities:

Cape Peninula University of Technology
University of Cape Town
Central University of Technology
Durban University of Technology
University of Fort Hare
University of the Free State
University of Johannesburg
University of KwaZulu- Natal
University of Limpopo
Mangosuthu University of Technology
Nelson Mandela University
North-West University
University of Pretoria
Rhodes University
Unisa
Stellenbosch University
Tshwane University of Technology
Vaal University of Technology
University of Venda
Walter Sisulu University
University of the Western Cape
Wits
University of Zululand

What do I need to be studying to be eligible?

To qualify for the Incentiv8 product you need to be studying towards any of the following qualifications:

- Certificate
- Diploma
- Degree
- Honours
- Masters

It doesn't matter what year of studies you are in, we are able to reward you with your pay out amount (and monthly airtime and data while you study) when you complete your studies.

What year of my studies must I be in for me to qualify to take out Incentiv8?

You may take out Incentiv8 anytime during your studies irrespective of what year you are in, however the closer you are to completing your studies, the higher your monthly premium will be.

How do I pay for this awesome product?

Your monthly premium can be paid either by monthly debit order or EasyPay..

This premium will run until the end of the month in which you complete your studies.

The amount you pay will depend on the amount you want us to pay you when you finish studying and how close you are to completing your studies..

How do I get paid out?

When you complete your qualification, please email us at graduated@incentiv8.co.za with a copy of your academic history and we will then contact you to confirm your bank account details in which you would like us to pay your selected pay out amount into.

Yes, its that simple!

When and how can I change my reward payout?

Once you select which payout amount you would like us to pay you when you complete your studies, you can decrease your payout amount at any time, however you will only be able to increase your payout amount in October each year (provided you have at least 6 months left of our studies).

Do I have to pay monthly?

Yes, your payment for your selected payout amount will need to be made monthly via debit order or EasyPay.

What happens if I miss a payment?

In the event that you miss a payment, we will contact you via SMS and email to alert you of the missed payment. 

Please note 2 consecutive missed payments will result in cancellation of your rewards resulting in you not being eligible to receive any payout (or airtime / data rewards) from Incentiv8 when you complete your studies.

What happens if I take a break from my studies?

If you take a break from your studies, you will still need to continue paying your monthly fee to us in order to keep your Incentiv8 payout amount active.

What happens to my fees paid if I drop out of university?

Our reward ensures that when you do pass, we will pay your reward amount and give you a massive high five.

However, it’s important to keep in mind that if you do drop out of university, we will not reward any amount back to you as we only payout when you graduate from University.

How do I cancel my Incentiv8 Pay-out?

You can cancel your Incentiv8 pay-out any time you like with us, however, all historical fees payments will be forfeited. We require 30 days written notice of your intent to cancel on info@incentiv8.co.za.