Home Finance Credit Card Options Offered By Equity Bank

Credit Card Options Offered By Equity Bank

by Von Umpiantu

Equity bank is a member of the tier 1 with around 173 branches across Kenya. It has built a reputation as a bank catered for the low income earners as well as the self employed.

It offers personal banking, corporate & internet banking services including savings accounts, deposits, debit & credit cards, personal loans, money transfer services in Kenya and East Africa.

Below we highlight the credit card options offered by Equity bank.

1.Gold card

The Equity Gold Credit card offers higher spending limits and exclusive packages to high income earners.

Features

The card has a Chip & PIN card to enhance security during transactions. The chip stores your information and your PIN verifies your transaction instead of having to sign a sales slip.

It is acceptable worldwide through all VISA branded outlets, no extra charges are deducted on purchase of goods and services bought at supermarkets, hotels, hospitals, fuel stations, and other retail outlets. The card can also be used to withdraw cash from ATMs.

Instant SMS alerts on every transaction as well as monthly statements detailing expenditure and location of expenditure.

Offers a life insurance cover accessible for you and your family and also has a revolving credit with 45day interest free period i.e. Pay as little as 20% of your outstanding balance every month or as much as you like.

Benefits

The card can be useful for emergencies, purchasing big ticket items and corporate spending. It is more secure than carrying cash and it keeps a record of one’s spending through statements.

It allows one a choice of paying off the total amount spent at the end of each month or spread the cost over time, the revolving credit allows one to use the card only up to the limit available whereby the available credit is reduced by the amount one spends.

It also offers periodic discounts from selected shops.

2.Classic card

The Equity Classic Credit Card is designed for the middle income earner who wants to access credit when he needs it.

Features

The card has a Chip & PIN card to enhance security during transactions. The chip stores your information and your PIN verifies your transaction instead of having to sign a sales slip. It allows cash withdrawals from ATMs as well as all VISA branded outlets worldwide.

Payment for goods and services at supermarkets, hotels, hospitals, fuel station, and other retail outlets are at no charge while every transaction is accompanied by an SMS alert as well as itemized monthly statements convenient for record keeping which showing what you have spent and where.

It also offers life insurance to the user and family members as well as a revolving credit with 45day interest free period.

Benefits

The card is secure thus eliminates the need for carrying cash, keeps a record of one’s spending through statements, useful in purchasing big ticket items as well as corporate spending.

The revolving credit will allow you to use the card only up to the limit available while the available credit is reduced by the amount you spend. One can also choose to pay off the total amount spent at the end of each month or spread the cost over time.

It also offers periodic discounts from selected shops.

Copy link
Powered by Social Snap