The RCS Credit Card offers a credit limit of up to R50,000.00, the credit card is accepted at over 30,000 stores nationwide. To qualify for the RCS credit card, applicants must have a monthly income of R3,000.00 or higher and maintain a favourable credit score.
The RCS credit card, often issued by network stores, bears the RCS logo but may feature the store’s branding if obtained through them, like Makro.
This card facilitates purchases at any network store among 30,000 across South Africa’s nine provinces. Applicants select a budget plan determining repayment duration.
Budget plans range from six to 36 months, with shorter plans incurring lower interest due to quicker debt settlement.
Credit allocation depends on income and credit score, with high earners potentially qualifying for up to R50,000.00.
Credit amounts start at R750.00, and a 55-day interest-free grace period accompanies credit usage, promoting timely debt repayment.
RCS credit card holders with a credit facility can access cash via the RCS credit app, downloadable from Google App Store or App Store. Alternatively, they can dial 0861 729 727 for cash back.
To qualify for cash access, applicants undergo assessment. If eligible, funds are deposited into their accounts.
Minimum requirements include:
Cash advances have stricter regulations, available only on specific repayment plans and included in monthly payments. Additionally, borrowing limits may apply periodically.
The RCS card can be applied for online at the RCS website or in any partner store. You must have the above-mentioned documents, have a good credit score and meet the minimum income requirement to be eligible for the RCS card.
An RCS credit card provides users with a plethora of shopping options and can be used in a variety of ways. The card is an excellent choice for purchasing household items and retaining liquid funds throughout the month. Inability to use credit wisely may result in users becoming over-indebted. Always use your credit card wisely and think before you spend.
Q1: What is a RCS credit card?
A1: The RCS credit card is a financial product offered by RCS, a South African-based consumer finance business. The card allows cardholders to make purchases at a variety of retailers and pay back the amount over a flexible repayment period, with additional benefits and features to enhance the shopping experience.
Q2: How do I apply for an RCS credit card?
A2: To apply for an RCS credit card, you can visit the RCS website and fill out the online application form. Alternatively, you can apply at any participating retail partner. You will need to provide your personal information, proof of income, and a copy of your ID during the application process.
Q3: What is the eligibility criteria for an RCS credit card?
A3: To be eligible for an RCS credit card, you must:
Q4: What is the credit limit on an RCS credit card?
A4: The credit limit on an RCS credit card varies depending on your financial situation and credit score. Credit limits can range from a few thousand Rand to over R100,000. RCS will determine your credit limit during the application process.
Q5: How long does it take to receive my RCS credit card after approval?
A5: Once your application has been approved, it typically takes between 7 to 14 business days to receive your RCS credit card. The card will be sent to the address provided during the application process.
Q6: Where can I use my RCS credit card?
A6: You can use your RCS credit card at over 30,000 retail stores nationwide that display the RCS logo. Some of these retailers include Game, Makro, and Builders Warehouse. You can find a list of participating retailers on the RCS website.
Q7: What are the interest rates and fees associated with an RCS credit card?
A7: The interest rates and fees for an RCS credit card may vary depending on your credit profile. Typical fees include a monthly service fee, an initiation fee, and interest rates that are in line with the National Credit Act. For up-to-date information on fees and interest rates, visit the RCS website or consult your card agreement.
Q8: How can I make payments on my RCS credit card?
A8: You can make payments on your RCS credit card through a variety of methods, including:
Q9: How can I check my RCS credit card balance?
A9: You can check your RCS credit card balance by:
Q10: What should I do if my RCS credit card is lost or stolen?
A10: If your RCS credit card is lost or stolen, immediately contact the RCS customer service helpline to report the incident and request a replacement card. They will guide you through the necessary steps to secure your account and prevent unauthorized transactions.
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