Although relatively new among the local big banks, RBL Bank Singapore is doing quite well with its extended banking services for individuals and businesses alike. One of its offerings that is gaining rapidly in reputation is the RBL Credit Card, which has been lauded for its many features and rewards. Given all this, is it really worth it, or is it yet another credit card?
What RBL Bank Singapore Does Right
Digital banking is one of the biggest strengths of RBL Bank Singapore. The bank has done well on its part to provide a seamless online banking experience for its customers. Checking balances, transferring funds, and managing loans-all are done at the ease of your smartphone through its mobile applications and online platforms. This way, customers endear towards RBL Bank as it proves really great for one looking for digital banking services quickly and efficiently.
In addition to providing various digital banking services, RBL Bank Singapore also offers financial products, including RBL Bank Credit Cards. These cards have received many positive RBL Credit Card Reviews due to their attractive benefits, such as high reward points, cashback, and exclusive offers. The ease of application and the competitive interest rates, particularly in the credit card category, have also contributed to the bank’s growing popularity.
Where RBL Bank Singapore Falls Short
Even if RBL Bank has a lot of digital advancement, the bank has received a considerable amount of flak for having a far less physical presence. With the fold of other major banks in Singapore, the number of branches is a great concern for such customers, especially those who want the traditional way of banking or simply want to talk to someone face-to-face-because of that, there will be limitations for some customers in the branch-only banks, where they may require certain needs that are more in-person for such complex banking services.
Several customers have also been rowdy about some of the charges incurred for very specific services like international transfers or ATM withdrawals. Though usually the online services of the bank are quite strong and appreciated, a couple of charges just render some of those conveniences not as good as what other local banks are providing.
Conclusion
The RBL Bank Credit Card Review suggests that RBL Bank offers competitive credit cards with attractive benefits, making it a strong contender in the digital banking space. The limited branch network and certain service fees may prove a disadvantage to customers who are more traditional in their banking or require in-person service. All in all, if a person can embrace digital banking as well as looks for competitive products, RBL Bank might be the place to go.
