One of the best credit cards in South Africa is making it easier for everyone to get credit.
Excellent opportunity for those who are looking for a super prestigious credit card that is facilitating the release of credit for all audiences. We will guide you through how to get your card and have it approved faster, as well as all the benefits that this card will offer you. Let’s see?
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Like most black cards, the Rand Merchant Bank black card is connected with prestige and success. Obtaining a black card can open doors for you that were previously closed, and the benefits of having a black card extend beyond banking.
The expense of maintaining a Black Card is also included in the status. There are a variety of reasons to obtain a Black Card, but is it truly worthwhile? Yes, it is well worth the effort. Believe it or not, holding a Black Card provides you with more benefits than you might imagine.
As we mentioned, this credit card has numerous benefits and in order to get more customers, they are facilitating the credit analysis process and offering more and more opportunities and facilities for new customers.
The black card from Rand Merchant Bank will open several doors for you. You must first establish your priorities when purchasing for an RMB Black Card. The advantage of holding an RMB Black Card is not available to everyone.
If you dont know what you want to achieve with a Black Card, it might be an unpleasant experience. Dont get a Rand Merchant Bank Black Card solely for the sake of status. Make sure you understand what youre getting and that the perks of your card correspond to your needs.
Back cards are available from RMB to both private individuals and corporations. You can get a black credit card if you have an RMB cheque account. So, lets see what the costs, requirements, and advantages of having an RMB black card are.
Rewards and benefits
Gift service like ordering flowers, wine, gift vouchers and hampers, Dinning reserves. Sourcing events tickets that include party tickets, exclusive sporting events etc.
Golf reservations as well as discounted green fees. You get reservations for lifestyle experiences such as hot air balloon rides and luxury picnics. Up to 8 complimentary Avis Point 2 Point local transfer per year.
You receive a 15% discount on speed pass service. Up to 12 complimentary priority pass international lounge per year.
RMB black card requirements
- Must be 18 years or older at the time of application;
- Must have a South African ID book or Smart card;
- You need to earn at least R750,000.00 per annum or own assets in excess of R15 Million;
- Proof of income is required and must not be older than 3 months from the day of lodging an application;
- If employed, 3 months of your payslips are needed.
You get an overdraft facility. With this facility, you are able to access cash when your bank balance is R0. The interest rate on overdraft is personalized based on your credit profile and other factors taken into account. You have an option of increasing the overdraft limit at any time.
With the RMB black card, you can apply for a temporary loan payable within 31 days. Note that after taking this temporary credit, any deposit to your account will be used to pay off the loan amount.
You get access to revolving loan without having to reapply for credit. After repaying 15% of the revolving loan you will again have access to funds.
With the help of your private banker, you can apply for home loans and personal loans. You can apply for a personal loan of up to R250,000.00 with same day approval.
As a Rand Merchant Bank black cardholder, you can apply for an RMB black credit card. To qualify for an RMB black credit card you need to earn at least R750,000.00 per annum.
When opening an account you get a free savings account. Your savings account is linked to your cheque account. On your savings account, RMB will give you interest on a positive balance. Interest on savings will be subject to your credit rating.
You save money through eBucks rewards. EBucks points are earned when shopping or through transactions at RMB partner stores.