I & M Bank Classic Visa Credit Card
Credit Cards
About this product
Features
- The card allows you to have a free credit facility for up to 50 days.
- The card allows you to earn 1 reward point per KES 500 spent and redeem them against the renewal fee automatically.
- The card allows you to pay a minimum amount of 20% of your total bill amount or any higher amount or whichever is convenient. You can then carry forward the balance to a better financial month. For this facility, you pay a nominal charge of just 3.5% per month.
- You can keep your card safe by downloading the I&M SafeCard App. The SafeCard App will allow you to block and unblock your card anywhere anytime straight from your smart phone.
Fee OverView
| Joining Fee | KES 2,500 |
| Annual Fees | KES 3,000 |
| Over Limit Fees | KES 1,500 |
| Late Payment Fees | 6% of minimum amount due or KES 1,000 |
| Cash Advance Fee | 7.5% of the total amount drawn |
| Supplementary Card Annual Fee | KES 1,500 |
| Monthly Interest Rate | 3.5% |
| Card Replacement Fee | KES 1,000 |
General Requirements
For Salaried Applicants: Minimum gross income KES 55,000/- per month with net income of KES 35,000/- per month.
Documents required for salaried:-- Completely filled application form.
- Certified copy of 3 months latest salary slip/payslip.
- Certified copies of 6 months current Bank statements for all accounts held.
- Three recent passport size colored photographs(name, ID/Passport number, and signature on the reverse).
- A copy of National ID ( for Kenya citizens ) or Passport.
- A copy of valid work permit for non-Kenyans(minimum work permit for 1 year and above at the time applying).
- A copy of PIN certificate.
Self-employed professionals / Businessman: - Minimum Gross Business income of KES 55,000/- per month with a Net Business Income: KES 35,000 per month.
Additional documents required for Self-employed professionals / Businessman:-
- A copy of registration certificate of business.
- A copy of current operating license.
- Copies of last 3 years personal and business income tax returns.
- A copy of last your company's audited accounts for the past 3 years.
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