Home Finance Credit Card Options Offered By Commercial Bank Of Africa

Credit Card Options Offered By Commercial Bank Of Africa

by Von Umpiantu

CBA is among the largest commercial banks in Kenya providing financial services ranging from personal, SME and corporate banking which entailing transaction, investment & lending solutions as well as property financing and bancassurance.

Other services include wealth management, brokerage, capital raising, advisory services as well as foreign exchange and card solutions.

Under the card solutions, there are debit and credit card options to chose from. Below, we look at some of the credit cards offered by CBA.

1.Gold Visa Card
Features
The card offers free monthly email statements, whereby one will receive a payment reminder 5 days before the due date, an email threshold notification/warning once they reach 75% of the card limit, free access to our 24-hour authorization & helpline, enjoy up to 50 days interest-free credit and one has the option to pay the full amount or only 20% of the outstanding credit card balance and roll over the remainder.

Benefits
The card offers a free priority pass membership in addition to a free supplementary card for the first card.

It is accepted globally as well as be denominated in Kenya Shillings or USD. Cardholders can receive notifications for every transaction and also check the balance anytime via SMS.

It also affords one a cover of up to KShs. 100,000 per claim if the item is lost, stolen or accidentally damaged within 30 days of purchase as well as the choice of a repayment period that suits a specific purchase or get a cheque issued against one’s card limit and pay back the monies owed in equal monthly instalments for up to nine months at a reduced rates.

Application requirements
In order to apply for the card, one needs to submit Copies of salary slips for the previous three months, certified copies of bank statements for the previous six months, copy of ID or passport, copy of PIN certificate, copy of utility bills (water, electricity, etc.) and also a colored passport size photograph.

2.Classic Visa Card
Features
The card offers free monthly email statements whereby the user will receive a payment reminder five days before the due date in addition, all card holders receive an email threshold notification/warning once they reach 75% of the card limit.

The card holders will also have free access to 24-hour authorization & helpline, enjoy up to 50 days of interest-free credit as well as have the option to pay the full amount or only 20% of the outstanding credit card balance and roll over the remainder.

Benefits
The card is acceptable at more than 24 million locations worldwide, multiple invoices can be paid off in a single monthly transaction.

The holder of the card will also have access to consolidated and individual cardholder statements as well as SMS notifications whenever the card is transacted with. In addition, one can also check the credit card balance anytime via SMS.

It also affords one a cover of up to KShs. 100,000 per claim if the item is lost, stolen or accidentally damaged within 30 days of purchase as well as the choice of a repayment period that suits a specific purchase or get a cheque issued against your card limit and pay back the monies owed in equal monthly instalments for up to nine months at a reduced rate

Application requirements
In order to apply for the card, one needs to submit Copies of salary slips for the previous three months, certified copies of bank statements for the previous six months, copy of ID or passport, copy of PIN certificate, copy of utility bills (water, electricity, etc.) and also a colored passport size photograph.

3.Visa USD Gold Credit Card
Features
The card offers a limit of between $1,000 to $2,000 with a buyers protection plan up to KShs 100,000 (USD equivalent).
It also incorporates free SMS alerts on every transaction as well as free email statements and payment reminders.

It offers a free priority pass membership and also a stress free installment plan.

Benefits
The card grants substantial savings on foreign exchange charges when spending in US dollars,
reduces the risk of carrying cash when travelling, worldwide card acceptance and interest free credit of up to 50 days.

Application requirements
To obtain the card, one requires to submit a 6-month USD Bank statement, 3 months salary slips, one passport photo and copy of ID or Passport, PIN certificate and utility bill as well as maintain a CBA US dollar account.

4.Visa Gold Credit Card
Features
The card offers a limit of between $1,000 to $2,000 with a buyers protection plan up to KShs 100,000 (USD equivalent).
It also incorporates free SMS alerts on every transaction as well as free email statements and payment reminders. It offers a free priority pass membership and also a stress free installment plan.

Benefits
The card grants substantial savings on foreign exchange charges when spending in US dollars,
reduces the risk of carrying cash when travelling, worldwide card acceptance and interest free credit of up to 50 days.

Application requirements
To obtain the card, one requires to submit a 6-month USD Bank statement, 3 months salary slips, one passport photo and copy of ID or Passport, PIN certificate and utility bill as well as maintain a CBA US dollar account.

Check Out
List Of CBA Bank Branches In Kenya

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