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I&M World Business Credit Card
Making your employee business expenses more manageable
I&M World Business Credit Card
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:
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Accountability
The card provides expense management tools and transaction alerts that give your business better visibility on individual employee expenses.
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Travel Benefits
Benefit from comprehensive travel insurance, purchase protection and airport lounge access.
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Tailored Spending Limits
Customize spending limits for employees based on their roles and responsibilities.
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Concierge Services
Make the most of tailor-made concierge services for assisted travel bookings, restaurant reservations and other business-related activities.
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Card Safety
We offer you card safety controls on the I&M On The Go App and Web – PIN management with a card lock/unlock facility.
Benefits to the Card Holder
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.
Online Transactions - Enjoy 3D secure online transactions on applicable websites.
Credit Period - Up to 50 days interest-free credit on purchases.
Payments - Convenient payment of credit card bills via I&M Bank OTG Mobile App, Cheque or cash Deposit or bank transfer.
Mobile Access - Online & Mobile Access to account spending | Limit and usage controls | Free SMS alerts for all transactions.
I&M World Business Credit Card
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Joining Fee
Kes 5,000
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Principal Annual Fees
Kes 8,000
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Revolving Credit Interest -% per month on the actual daily outstanding balance
3.5%
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Cash Advance Fees
7.5% of cash advanced
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Overlimit Charge
Kes 2,500
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Late Payment penalty Rate -% of outstanding amount
6%
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Minimum payment rate
5%
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Card Replacement Fee
Kes 1,000
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Cash Advance % of credit Limit
40%
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Roll Over Amount
95%
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Credit Period
Up to 50 Days
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Unpaid Instruments Handling Fees
Kes 2,500
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SMS Alert Fees
NIL
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Min Credit Limit Allowed
50,000
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Max Credit Limit Allowed
3,000,000
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Product Billing Cycle Date
10th day of every month
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Payment Due date
19 days from statement date
Requirements
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 I&M World Business Credit Card?
Download the below form and submit it to the nearest branch with the required documentation