No matter how financially well-off you think you are, there will be a time where you’ll need a credit card. Whether it’s paying for extra expenses, accommodations, or flights, a credit card offers you financial freedom and flexibility when you need it.
KCB has a variety of Visa credit cards in its arsenal. The KCB Visa Credit Card is for individuals who want to enjoy exclusive discounts as well as flexible repayment options. This card is even perfect for first-time users.
Are you thinking about applying for a KCB Visa Credit Card and learning more about its benefits? Here’s a guide for you to follow. Discover more details about this offer below.
Perks Of The KCB Visa Credit Card
There are three main Visa-powered credit cards from KCB, namely the Classic, Gold, and Platinum cards. For this article, we’ll be focusing on the features and benefits of the KCB Classic Visa Credit Card.
Suitable for first-time cardholders, you’ll be glad to know that this card will work worldwide. From POS terminals to ATMs, this Visa-powered card is accepted virtually anywhere a ‘Visa’ sign is plastered, ensuring accessibility and convenience 24/7.
One of the most attractive features of this card is its high credit limit of Kes 20,000 and above. In line with this, KCB also offers flexible repayment terms to cardholders, ranging from 20% to 100% of the total outstanding balance.
Besides the card’s high credit limit, individuals also get to over 200 exclusive discounts when they pay with the KCB Classic Card. These discounts come from partnerships with KCB merchants.
Eligibility Requirements And How To Apply Online
If you want to apply, you may simply fill out the online application form found on their website.
The application form will require applicants to provide their full name, email address, and phone number. Individuals can also choose the branch near them for easier processing of application via the drop-down button.
Some of the requirements by the bank include your Kenyan national ID or passport, your KRA PIN, and the duly filled out credit card application form. Applicants should also fulfill the minimum net salary of Kes. 20,000 and Kes. 49,999 to qualify for the KCB Visa Credit Card.
To provide proof of income, 3 months’ worth of bank statements are necessary. For self-employed individuals, 6 months’ worth of bank statements should be shown upon application.
Fees And Charges To Consider
There are certain responsibilities and charges that come with owning the KCB Visa Credit Card. This includes the monthly fee of 3.5% and a cash advance fee of 6% of the amount advanced. Meanwhile, there is also an annual fee of Kes 3,000.
Late payments will incur a 5% charge of the total outstanding balance. In addition, there is an over-limit fee of Kes 1,000.
The Bottom Line
The KCB Visa Credit Card provides financial freedom, payment flexibility, and convenience, as well as exclusive discounts designed for maximum savings. With its relatively high credit limit, even first-time cardholders can enjoy a variety of experiences and offerings.
For help and information, you may reach them at +254 (20) 2287000 or email them at contactcentre@kcb.co.ke. You may also may an appointment at their head office located in Harambee Plaza.
*Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.
