The I&M World Business Credit Mastercard enables your business to keep track of all business-related expenses of your key employees and also enables them to enjoy unrivaled financial and lifestyle-related benefits!
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I&M World Business Credit Card
Making your employee business expenses more manageable
Tailor made for businesses
The I&M World Business Credit Card keeps you in control of business-related travel, entertainment and other expenses incurred by your employees with complete transparency and efficiency. It is an ideal solution for companies with employees who travel and entertain regularly for business purposes.
Why opt for this card?
The I&M World Business Credit Mastercard is designed for companies who wish to offer a corporate credit card to their key employees. With this card, an employee can pay for a range of business expenses from travel tickets to hotel stays and entertainment, as authorised by the company.
Here are the benefits to your organisation:
1
Accountability – Better way to manage business-related spending incurred by your employees and greater visibility on individual employee expenses.
2
Convenience – Save time by eliminating the hassle of managing petty cash, advance requests and cash reconciliation.
3
Control - Set limits on each transaction type (e.g travel spend) at any time as well as the overall credit card limit as desired.
I&M World Business Credit Mastercard
A convenient, efficient and effective option for your business and at the same time offering lifestyle benefits that your employees can enjoy during their business travels and entertainment
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Benefits to the Card Holder
Making business travel and entertainment experience even better
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 mobile money or bank transfer
Travel Inconvenience Insurance
Loss of baggage | Delay of baggage | Trip cancellation | Trip curtailment | Trip Delays | Cover for visiting parents &/or children
Travel Medical Insurance
Principal card holder and visiting family members covered i.e. parents and children | Travel accident insurance | Personal accident insurance | Emergency medical evacuation | Medical emergency expenses | Daily in-hospital cash benefit | Cover for visiting parents &/or children
Other Discounts
Avis Car Rental- 25% discount | MyUs Premium Membership | Clear Trip discounts | Merchant offers and discounts at participating retailers
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
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
Charges
| Joining Fee | 5,000 |
| Annual Fee | 8,000 |
| 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 | KShs. 2,500 |
| Card Replacement Fees | KShs. 1,000 |
I&M Customers
- 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
Non-I&M Customers
- 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