Prepaid Card Options Offered By KCB Bank

Besides the credit card options offered by KCB, other types of cards include prepaid cards. These cards are the opposite of credit cards whereby prior to usage, one has to preload the card with funds and they are generally not linked to one’s bank account.

Below we look at some of these cards offered by KCB

1.Pepea
This is a load and transact, a tap and go card available to both KCB and non KCB customers.

Benefits
This card has no joining fees, it is convenient to use in that it is safe and secure since it is not linked to a person’s account to one’s bank account. It can be loaded via M-PESA, at a KCB Agent or any KCB branch and be used for fueling, dining, traveling, at the Point Of Sale (POS) as well as a transit card for paying transport (tap and go).
It can also be used for online transactions since its globally accepted and in-case of any theft, one can activate or block card through their mobile phones to avoid fraud.

Rates & Fees
Normal ATM withdrawal charges of KCB ATMs – Kshs. 30 and other local ATMs – Kshs. 275

2.Me Cash
This is a safe and convenient alternative to cash available to both KCB and non KCB customers.
Benefits

Besides requiring no monthly fees, this card is a safe and convenient alternative to carrying cash, it is suitable for online purchase as well as shopping at any Visa branded merchant outlet.

The owner does not need to have a bank account, it accrues no interest charges on all card accounts as well as one can also use it to withdraw cash from all KCB and Visa branded ATM machines worldwide

Rates & Fees
Normal ATM withdrawal charges of KCB ATMs – Kshs. 30 and other local ATMs – Kshs. 275
Any charges made by Visa international on foreign currency transactions shall be converted into Kenya Shillings at an exchange rate quoted by Visa on the date of debit. Any gain/loss is debited to your card (2% markup for currency conversion)

3.UPI Travelmate Card
This card targets avid travelers and those who like to keep track of their spending and it’s open to KCB and non- KCB Customers.

Benefits
It has neither monthly/yearly charges nor deposit charges. Card is issued on the same day and card top ups can be made at any KCB Bank, ATM or Mtaani agent.

Rates & Fees
There is an initial deposit of KES 1000, issuance charge of Ksh500 and in case you lose the card, card replacement is at Ksh 500.