The RMB Private Bank Credit Card Balance Transfer Campaign offers a practical solution for those seeking control over their finances. With a minimum transfer amount of R5,000 and a required term of at least 18 months, this promotion is best suited for those with strategic financial goals.

Select RMB Private Bank Credit Cardholders in South Africa over 18, including Aspire, Premier, Private Clients, Private Wealth, and Signet cardholders, can take advantage of this offer. Eligibility requires a card in good standing and excludes certain business and debit products.

After the introductory period, your interest rate reverts to a personalised rate. The transfer is capped by your available balance and credit limit, with funds moved from your budget facility to your straight facility.

How to Apply: Step-by-Step

1. Ensure you are a qualifying RMB Private Bank Credit Cardholder.
2. Check your account is in good standing with sufficient credit limit.
3. Submit a balance transfer request, specifying your desired amount (minimum R5,000).
4. Wait for confirmation of transfer; review your statement for the updated balance transfer.

What We Like

The RMB Private Bank Balance Transfer is ideal for consolidating debt thanks to the low personalised rate. Flexible terms and easy access enhances convenience for personal financial management.

Monthly statements clearly reflect your balances, helping you keep track and plan repayments responsibly. Funds are conveniently available in your straight facility for your needs.

A Few Drawbacks

Only one balance transfer is permitted at a time, and if you settle early, you may not qualify for a new transfer right away. Transfers are subject to credit limit and available balance.

If you default, revert rates and penalties will apply. The campaign’s fixed dates mean you must act promptly or miss out on the promotion.

Our Verdict

The RMB Private Bank Credit Card Balance Transfer Campaign is a compelling choice for South African cardholders seeking to manage their debt responsibly. The campaign stands out for its flexible terms, secure process, and transparent rules.

While you must adhere to campaign timelines and eligibility requirements, the overall proposition is attractive for those serious about debt consolidation. If you qualify, this offer could help you get on top of your finances.