Kenya Commercial Bank Credit Card Options

This article is about the Kenya Commercial Bank Credit Card Options.

what is Kenya commercial bank KCB?

Kenya Commercial Bank is the largest banks in Kenya and is considered a Tier 1 bank with more than 250 branches in Nairobi and across Kenya.

The bank offers a wide portfolio of products ranging from investments, mortgages, loans, credit cards, etc. However, in this article we will focus on credit cards.

what is a credit card?

A credit card, by definition, refers to a small plastic card usually issued by banks that allows the holder to purchase goods or services and pay for them at a later time.

Kenya Commercial Bank Credit Card Options

Below are the credit card options offered by KCB.

Classic Visa card

This is an ideal card for first-time credit card holders and offers them financial freedom.

Benefits

The card is secure, accepted worldwide, requires no registration fees, has flexible payment options and is very convenient to use with a 45-day interest-free period on purchases.

Application requirements

For employees, a copy of the national identity card/passport, latest bank statements for the last 3 months issued by any local bank, a duly completed application form and a copy of the latest pay slip with a net salary are required minimum of Ksh 20,000.

For self-employed workers, a copy of the national identity card, company registration, bank statements for the last 6 months and a duly completed card application form are required.

Rates and commissions

The card has a monthly interest of 3.5% of the total balance due, a cash advance interest of 6% of the amount accessed, a late payment interest of 5% of the total balance due, an overage fee limit of Kshs 1,000, an annual fee of Kshs 3,000, a card replacement fee of Kshs 1,000, an additional card of Kshs 1,000 and a minimum refund of 20% of the total billed amount

Visa platinum card

This is a card available to KCB and non-KCB customers and gives you the best credit card experience with the best credit limits. Ideal for avid travellers.

Benefits

Holders of this card have access to more than 950 airport lounges worldwide with the best services for them and their families, it is safe, convenient to use with flexible payment options and the card is also accepted worldwide.

Application requirements

For salaried workers, a copy of the latest pay slip, national identity card or passport, salary account statements for the last 3 months from any local bank, a duly completed application form and a net salary of at least Kshs. 300,000/=

For corporate customers, a copy of your national identity card, business registration, bank statement for the last 6 months, duly completed application form and you must bank at KCB with an average credit of Kshs. 300,000/=

Rates and commissions

The card charges an annual fee of Kshs. 7,500/=, monthly interest 3.5% of the outstanding balance, interest on cash advance 6% of the amount accessed, late payment interest 5% of the outstanding balance, fee exceeding the limit of Kshs. 2000, card replacement fee of Kshs. 2000 and additional fees of Kshs. 4,000/=

Visa Gold Card

Benefits

The card is accepted worldwide and requires no registration fees, is convenient to use with flexible payment options and a 45-day interest-free period on purchases.

Application requirements

For employees, you need to provide a copy of your national identity card/passport, latest salary bank statements for the last 3 months issued by any local bank, a duly completed application form and a copy of your latest pay slip with a minimum net salary of Kshs. 200,000

For self-employed workers, a copy of the DNI, business register, bank statements for the last 6 months and a duly completed application form.

Rates and fees

The card charges an annual fee of Kshs. 4000, monthly interest 3.5% of the total balance due, cash advance interest 6% of the amount consulted, late payment interest 5% of the total balance due, fee exceeding the limit of Kshs. 1000, card replacement fee of Kshs. 1000, additional card in Kshs. 1000 and minimum depreciation equal to 20% of the total turnover.

Golden MasterCard

This is an ideal card for people with an average income and offers you a convenient and secure payment method.

Benefits

The card requires no sign-up fees, is convenient to use with flexible payment options and a 45-day interest-free period on purchases. It is safe and insured and is accepted all over the world.

Requirements for application

For employees, a copy of National Passport ID, a copy of the last payment jump with a minimum net payment of KSHS. 50,000, last 3 months pay slip account statements from any local bank and a duly filled card application form.

For self-employed individuals, a copy of the national identity card, business registration, bank statements for the last 6 months, duly completed card application form and a monthly net turnover of Kshs are required. 50,000

Rates and fees

The card has an annual fee of Kshs. 4000, monthly interest equal to 3.5% of the total balance due, cash advance interest equal to 6% of the amount used.

It also has a late payment interest of 5% of the total balance due, above the limit of Kshs. 1,000, card replacement fee Kshs 1,000, additional card Kshs. 1000 and a minimum refund equal to 20% of the total invoiced amount.