At the venue of modern flow in banking services where credit card companies are increasingly flooding the market with their services, The RMB Private Bank Credit Card is a classic that combines glamour and utility thus providing its client with the following privileges and special features as a ladder step.

Quick and easy access to airport lounges, superior eBucks earn-out rates, and object-luster metal cards characterize a credit card for the overall elite in their financial endeavours.

Key information about the credit card

How does the annual fee work? 

Thus, for those who will use a credit card without annual fee, RMB Private Bank emphasizes the aspect of freedom of finance. This option, in turn, suits customers who desire a maximization of banking facilities without bearing an annual cost. On the other hand, the metal card variant, famous for being crafted from a metal and looking very sleek and rather contemporary, does come with an annual fee.

How is the credit limit determined? 

The number of credit limits is depended with the type of cards selected to be issued to the consumers. In the case of the conventional credit cards, credit worthiness of the applicant is determined, routine aspects such as income regularity and credit score considered.

Advantages of the credit card 

• Travel benefits: Privileges that include, SLOW and Bidvest Premier Lounges for comfort during travel accompanied by international travel insurance.

• eBucks rewards: Get eBucks back each time you spend on items that are based on a rewards catalogue to ensure that more eBucks are earned through the bundled banking package that also matches ones spending habits.

• Security features: For the safeguard of the transactions, strong anti-forge measures help, accompanied by the continuous monitoring and immediate card management with the help of RMB Private Bank App.

• Convenience: Availability of a Private Bank Advisor means that a client receives individual attention and improved satisfaction with the banking service provision since he can get the answers to his questions more quickly.

Standout advantage

The most obvious strength of the RMB Private Bank Credit Card is the associated eBucks rewards. From using eBucks to get travel vouchers, merchandise or financial services, FreeLIGHT cardholders derive gigantic freedom complemented by added value in banking.

Disadvantages

• Annual fees: The credit card may have some specific types that attract some annual fees; therefore, the cost aspect may not be some of the best for all users.

• High income requirement: Holding that the minimum income is $15 000, it can be argued that the individuals who try to get access to the superior services of the bank may be locked-out by the requirement.

A standout disadvantage

In RMB Private Bank Credit Card there is a primary issue with high income pre-requisite. This criterion may act as a handicap in the sense that it will only approve the application of a person who is earning a monthly income that is within the set limit thus making the card to be issued only to a given class of people.

Who can apply for this card? 

The eligibility criteria of the RMB Private Bank Credit Card target those who wish to apply for the credit card. Some of these include; proving that the person receives a minimum of R750,000 in annual income or has the Net Asset Value of more than R15 million.

Alongside, the applicants need to meet standards based on the financial status of the household and required documents, for instance, a South African ID or Passport, proof of residence not older than three months, and other documents required by the bank.

How to apply for the RMB Private Bank Credit Card 

For the website

The first step to apply for a credit card from RMB Private Bank is to locate the bank’s website. Once there, navigate to the credit card section and select the option that best fits the applicant’s requirements for approval and usage. Then, ensure you accurately input your personal information in the online application, including your full name, date of birth, residential address, and phone number.

Additionally, provide the correct financial details regarding your income and any mandatory expenses. Be ready to scan basic documents such as your ID, proof of residence, and proof of income as required by the bank.

From there, the bank begins the process of verifying and approving the provided information. This step is crucial and is referred to as a “checklist” to ensure that all relevant criteria are fully met before moving to the final stage of granting your credit card application.

Through the app

To apply for a credit card through the RMB Private Bank mobile app, considered one of the best mobile applications, the first step is to download the app from your app store. After that, navigate to the credit card application sub-function in the app interface.

Another way to submit your application is through the digital application form, where you need to be very careful while filling it out to avoid blank spaces, missing commas, or any other small errors that might compromise the form.

Subsequently, it is recommended to take advantage of the app’s capabilities to upload the necessary documents for verification. These documents include proof of identity, residence, and income, which are easy to understand. After scanning all the required documents, allow the application to be submitted online through the app.

At the branch

To apply for a credit card at RMB Private Bank through a branch, you can visit any branch of the company. Once you arrive, speak with a Private Bank Specialist who will assist you in choosing a credit card that best suits your needs.

Then, the applicant will need to fill out the application form physically, submitting it to the relevant organization, ensuring that all necessary information is provided in all the fields in the form. Therefore, it is essential to ensure that all information is comprehensive and accurate to facilitate the processing probability.

Make sure to bring all documents, including those for identification, residence, and income, as the interviewers may request any of these documents. Having these documents prepared will streamline the application process.