How to Apply for your RCS Credit Card
The RCS Credit Card has so many impressive benefits which make it stand out. From full ATM functionality, cash withdrawals, electronic statements, use in all stores that accept MasterCard, insurance solutions to lost card protection services, this card has plenty to offer.
The RCS Credit Card is great for household expenses, lifestyle activities and travelling. It comes with revolving budget periods and it enables financial elasticity for times when you need it most.
Customer Protection Insurance is available an added benefit too, covering a range of unfortunate losses associated with owning a credit card. With the RCS Credit Card the benefits include:
- Access to the RCS mobile App where you can manage your profile.
- No interest on selected purchases for up to 55 days.
- Free monthly statements by email or SMS.
- A budget facility.
- Cash withdrawals.
- Contactless payments.
- A variety of optional insurance products.
- SMS updates of transactions made on your credit card.
- Local and international travel purchases.
Prerequisites
In order to get and enjoy the RCS Credit Card, one ought to earn at least R3000 per month, be at least 18 years of age, be a holder of a valid South African ID book or Smart card and present proof of residence. You need to be prepared to provide your latest payslip or bank statement. Finally, the issuance of the card is subject to an affordability assessment.
More about RCS
RCS is in partnership with retailers and has a presence in at least 30 000 stores across South Africa, Botswana and Namibia, granting them extremely wide reach across a broad spectrum of retailers. Among the partner stores are large chains such as Checkers, Shoprite, Pick n Pay, Engen, Shell, Clicks, Dis-Chem, Makro, Game and many others
The mantra at RCS is to leave a positive impact in the world. Given the dire need to bridge the gap between the privileged and underprivileged, RCS has filled in a major void by opening up lines of credit to the young and old, from students and seasoned professionals.
At RCS they believe in four major values which are being impactful, brave, trustworthy and collaborative. Once again, it is little wonder that RCS has proliferated is way into every recognisable retail space because they are committed to making an impact. This is not attainable with a certain level of bravery. Credit, whilst offering liberty, can easily become the frontier of brutal interactions between providers and consumers.
To remain steadfast in the industry while maintaining the positive sort of reputation which precedes them, means RCS can truly be described as brave. However, none of that matters if there is no mutual feeling of trust amongst all stakeholders. The trust element then paves way for collaboration amongst so many partners which is why an organisation like RCS with so many facets to it, can remain focused on delivering its objectives.
This too is possible owing to the dynamic and inclusive team of people that are at the helm of the organisation.
RCS has gone out of their way to create a very interactive and informative website. About RCS Financial Services in South Africa – RCS Group. On it are a variety of media and news articles which assist to get a better understanding of the RCS impact on society as well as their unwavering commitment to being a holistic and creative company.
Who is this card for?
As referred to earlier, the RCS Credit Card is adaptable and suited to a wide variety of customers whether it be for daily household needs, emergencies, holidays or home upgrades. The limits offer a lot of financial agility and leeway to sufficiently look after and maintain those lifestyle choices.
Given shear volume of benefits on offer, the RCS Credit card is good for diverse types of customers who are in need of round the clock access to superior retail products and an empowering customer experience.
How to apply for the RCS Credit Card
Having considered and met the qualifying criteria for the card, one can apply online. You can follow the prompts and answer a few questions.
Once you are provisionally approved, you may complete the rest of the online application. Your card will be delivered by courier and you can contact the customer care centre on 0861 729 727 for activation.
How to unblock this card?
After receiving your RCS credit card, you need to activate it before using it. To activate it, you can use the app, online banking or call the number written on the other side of your card.
Positive and negative points
The RCS credit card offers many advantages, especially for those who make frequent purchases at the partner store network. However, it is essential to use the card responsibly and be aware of fees and interest to avoid financial problems.
Pros of the RCS Credit Card
- Wide acceptance: The RCS credit card can be used anywhere that accepts MasterCard, providing significant flexibility for users.
- Interest-free period: Offers up to 55 days of interest-free shopping, allowing for efficient financial planning if managed correctly.
- Convenient management: Card management through the RCS app, including transaction notifications and free monthly statements via email or SMS.
- Optional customer protection insurance: Available insurance coverage for death, disability, or loss of income, providing additional security for cardholders.
Cons of the RCS Credit Card
- High fees and interest rates: Though within regulatory limits, the fees and interest rates can be high, particularly for those who do not pay the full balance within the interest-free period.
- Qualification requirements: Requires proof of a minimum income of R3,000 per month and specific documentation, which may be a barrier for some applicants.
- Debt risk: As with any credit card, irresponsible use can lead to significant debt, especially given the high interest rates.
- Service limitations outside the network: While accepted everywhere MasterCard is, certain advantages like promotions and specific benefits are limited to RCS’s partner stores network.
Some card fees and charges
- One-off initiation fee of R150.
- Monthly service fee of R69.
- Optional insurance of R4.50 per R1,000 of the amount financed.
Representative example: R7 500.00 spend and 24 month budget repayment plan. At an annual interest rate of 22.25%, you pay a one-off initiation fee of R150 and monthly service fee of R69 with insurance of R4.50 per R1 000. The total refundable amount will be R11 880.31.
But, prices are subject to change and will be determined based on each customer’s profile.
Customer service
There are numerous ways to receive support and to contact RCS including:
- Telephone: 0861 729 727
- E-mail: [email protected]
And Facebook, X (twitter), LinkedIn, Instagram.