I&M Bank Kenya - I&M Business Credit Mastercard

Mastercard Business Credit Card

Making your employee business expenses more manageable

I&M Business Credit Mastercard

With the I&M Bank Mastercard World Business Credit Card you will enjoy financial control with multiple business solutions in one card for business-related travel, entertainment, and other expenses while your employees experience unrivaled financial and lifestyle benefits like purchase of travel tickets, hotel stays, and entertainment.

Benefits to your Organisation:

  • Accountability

    Better way to manage business-related spending incurred by your employees and greater visibility on individual employee expenses.

  • Convenience

    Save time by eliminating the hassle of managing petty cash, advance requests and cash reconciliation.

  • Control

    Set limits on each transaction type (e.g travel spend) at any time as well as the overall credit card limit as desired.

Benefits to the Card Holder

Worldwide Access - Access over a million Mastercard ATMs in over 210 countries.

Worldwide Access - Access over a million Mastercard ATMs in over 210 countries.

Card Safety - Card safety controls on I&M Mobile App and Web – PIN management and card lock/unlock facility.

Card Safety - Card safety controls on I&M Mobile App and Web – PIN management and card lock/unlock facility.

Online Transactions - Enjoy 3D secure online transactions on applicable websites

Online Transactions - Enjoy 3D secure online transactions on applicable websites

Credit Period - Up to 50 days interest-free credit on purchases.

Credit Period - Up to 50 days interest-free credit on purchases.

Payments - Convenient payment of credit card bills via mobile money or bank transfer.

Payments - Convenient payment of credit card bills via mobile money or bank transfer.

Mobile Access - Online & Mobile Access to account spending | Limit and usage controls | Free SMS alerts for all transactions.

Mobile Access - Online & Mobile Access to account spending | Limit and usage controls | Free SMS alerts for all transactions.

Local Benefits - Serena Group of Hotels - Maisha Spa offers | City Properties and Luxury Lodges offers | Kampala Serena Hotel – Maisha Spa offers | Merchant offers and discounts at participating retailers.

Local Benefits - Serena Group of Hotels - Maisha Spa offers | City Properties and Luxury Lodges offers | Kampala Serena Hotel – Maisha Spa offers | Merchant offers and discounts at participating retailers.

Jumia Prime - Subscribe to any 12 months Jumia Prime membership plan and enjoy 25% cashback on your Jumia Prime membership fee.

Jumia Prime - Subscribe to any 12 months Jumia Prime membership plan and enjoy 25% cashback on your Jumia Prime membership fee.

Loyalty Rewards - Earn loyalty cash back on every POS or Online transaction.

Loyalty Rewards - Earn loyalty cash back on every POS or Online transaction.

I&M Business Credit Mastercard Charges

  • Joining Fee

    Kes 4,000

  • Annual Fee

    Kes 5,000

  • Credit Period

    Up to 50 days

  • Roll-over Amount

    95%

  • Minimum Payment

    5%

  • Cash Advance

    40% of credit limit

  • Revolving Credit Interest

    3.5% per month on actual daily outstanding balance

  • Late Payment Penalty Rate

    6% flat on outstanding amount

  • Over Limit Charge

    Kes 2,500

  • Unpaid Instruments Handling Fees

    Kes 2,500

  • Card Replacement Fees

    Kes 1,000

Terms and Conditions

  • Board resolution authorizing the issue of the cards to the person mentioned herein and undertaking liability thereon for the specific employees

  • Recent coloured passport-size photographs of card applicants

  • Copy of National ID/Passports of the card applicants

  • * Depending on the business's existing relationship with the Bank, more supporting Information/Documents may be requested

  • Certified copies of six months' bank statements of all company bank accounts

  • Certified copies of the company Audited Accounts for the last 2 years

  • Certified copies of Memorandum & Articles of Association of the company

  • Copy of Certificate of Incorporation

  • KRA PIN Certificate of the company

  • Company CR-12 form

  • Copies of returns filled with the Registrar Office - annual returns and a receipt from the Registrar of Companies

  • Board resolution authorizing the issue of the cards to the person mentioned herein and undertaking liability thereon for the specific employees

  • Recent coloured passport-size photographs of card applicants

  • Copy of National ID/Passports of the card applicants

Want to apply for Mastercard Business Credit Card?

Download the below form and submit it to the nearest branch with the required documentation

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