How to Apply for your RMB Private Bank Credit Card
The RMB Private Bank Credit Card has several benefits which makes it an attractive option. Ranging from 24/7 access to an assist team of private bankers, phenomenal travel and leisure benefits for the card holder and family, eBucks rewards, specialised insurance packages, contactless payments all the way to exclusive visa benefits, this card has many things to offer.
The RMB Private Bank Credit Card is an appropriate fit for the higher income earner and offers generous credit limits which can be easily monitored and controlled. The card opens up a world of secure online and in store, local and international payments.
Not only that but numerous qualifying purchases get up to 55 days interest free and there are no transaction fees on purchases. There are many other benefits to this card including:
- Personalised limits and an ability to manage your profile on the App.
- Options of a unique metallic or virtual in App card.
- Access to 24/7 digital banking including online banking and the App.
- Up to 36 free visits for you and your family to the Bidvest Airport Lounge.
- Automatic travel insurance cover for a range of travel emergencies when you book your return ticket using your card or eBucks.
- RMB Pay, use your phone to pay at tills.
- Protection against lost cards and online fraud.
- Cash back rewards when you pay with your card.
- Rewards for completing simple challenges on your Banking App
- Activation of SMS notifications for added security.
Prerequisites
In order to get and enjoy the RMB Private Bank Credit Card, one ought to earn at least R750 000 per annum or have a net asset value of at least R15 million.
Be at least 18 years of age, be a holder of a valid South African ID book or Smart card or a valid passport and permit, present proof of residence and the latest proof of income for three consecutive months.
Finally, the issuance of the card is subject to an affordability assessment.
More About RMB
At RMB, they believe that conducting good business allows them to make a positive impact in the world. In a strong show of their belief in this mantra, RMB supports the South African National Rowing Team. They are also the headline sponsor of the Ultra-Trail Cape Town, South Africa’s premier trail running event. RMB embraces their place as a citizen by fostering diversity and inclusion in their everyday business.
Upholding the spirit of ‘ubuntu’, they participate in programs that offer scholarships, bursaries and much needed aid and relief in various sectors of the economy.
Having being founded in 1977 as a brainchild of relentless entrepreneurs, RMB continues to pave the way for entrepreneurial enterprise by providing support to small and growing businesses and safeguarding the wealth of the individuals who sacrifice so much to venture into the world of business.
Who is this card for?
The RMB Private Bank Credit Card is a top tier card for higher end income earners. The limits offer a lot of financial muscle and the benefits lend themselves to the lifestyle of the prospective holders. Given the high levels of assistance on offer, the RMB Private Bank Credit card is good for service conscious customers who are in need of round the clock access to superior banking services and a customised experience.
How to apply for the RMB Private Bank Credit Card
Having considered and met the qualifying criteria for the card, one can apply online using the following options:
- Apply on the RMB App
- You can request a call back or log a query using the e-form on their website.
How to unlock the card?
Once you receive the card, you will need to activate it before using it. To activate it, you can use the RMB app, online banking, or call the number written on the other side of your RMB Private Bank Credit Card.
Review of the card
The RMB Private Bank Credit Card boasts several benefits which are very handy. The Bidvest Premier Airport Lounges and the SLOW lounge for example, are amazing benefits with as many as 36 visits per annum which are also open to the whole family.
You get to enjoy the use of a very smart virtual card which has a constantly changing CVV offering added security.
The card itself is metallic and unique, allowing one to make contactless payments on all POS pay points locally and internationally. For the environmentally conscious it is a great choice because the card is durable and not made of plastics whose global proliferation has caused untold harm to the earth.
One can activate Lost Card Protection thereby negating loss in case of credentials being fraudulently used following theft or loss of a card.
Advantages of the RMB Private Bank Credit Card
- Travel benefits: Free access to SLOW and Bidvest Premier lounges and global travel insurance when return tickets are purchased with the credit card.
- eBucks rewards: Earn eBucks on all qualifying purchases, maximizing rewards when using the RMB Private Bank credit card and current account.
- Security: Offers multiple security features, including card management via the app, fraud protection, and the ability to instantly block or cancel lost or stolen cards.
Disadvantages of the RMB Private Bank Credit Card
- Qualification requirements: Requires an annual income of at least R750,000 or a net asset value exceeding R15 million, making it inaccessible for many consumers.
- Package fee: The monthly package fee is R620, which might be considered high for some users.
- Documentation required: The application process demands a significant amount of documentation, including proof of identity, residence, and income, as well as additional documents for non-residents, which may be seen as bureaucratic.
Fees and tariffs
A new or replacement card will cost R1120. Bookings for flights and accommodation attract fees between R160 to R265 depending on whether they are local or international. The aforementioned fees are higher than most other cards in this category.
There are also charges for prepaid utilities and airtime. The one great benefit though is that there is no monthly fee and withdrawals at FNB ATMs or participating retailers are also free.
Understand more about card fees here.
Customer service
To reach RMB you can make use of the following channels 24 hours a day, 7 days a week:
- Email: [email protected].
- Telephone: 087 575 9411.
- International Telephone: 011 369 1134 / 011 303 5050.
Or you can request a call me back via the eform on their website.