I&M Bank Limited Visa Classic Credit Card Product Details

Rates available from as of 1st April 2021

Money254 strives to provide relevant and accurate product information, which Money254 obtains directly from each institution’s tariff guide. If you believe a product’s details are incorrect, please report the product to Money254.

I&M Bank Limited

Visa Classic Credit Card

Credit Limit

Up to ksh300k

Annual Fee

Ksh3k (+2500 joining fee)

Interest Rate

1.50% per month

Interest Free Days

50 days

Min net income of Ksh70k to apply

visit website

Payment Network

Visa

Card Fees

‍‍Joining fee: Ksh2500
Annual Fee: Ksh3000

‍Card features

‍‍Minimum net Income: Ksh70K
Card Limit: Up To ksh300K‍

Benefits‍

Attractive reward points earned when card is used. 1 point- 1 KES that can be redeemed balances, Supermarket vouchers at Sarit Center, Carrefour, Naivas.
50 days interest free.

Repayment Details‍

Monthly Interest: 1.5%
Interest free period: 50 days
Minimum Repayment amount: 15%‍

Additional Fees‍

Cash advance Fees: 7.5%
Late Payment Fees: 6%
Over the limit Fees: ksh1500
Supplementary Card Fee: ksh1500
Card Replacement Fees: ksh1000‍

Documents Required‍

National ID and 2 Copies
3 recent Passport photos
3 Months Bank statement
Latest Payslip
KRA Pin
T&C Link

Money254 Review

Pros

Relatively low monthly interest of 1.5%
New card (after old one expires) is free

Cons

Joining fee of ksh2500 required
Cash advance charged 7.5%

Use Money254's free search to view the best Credit Cards available in Kenya today

We have aggregated all of the Credit Cards from Kenya's top financial institutions.

See all Credit Cards

Download the new Money254 App and don’t miss out on your next opportunity.

Join 1.5M Kenyans using Money254 to find better loans, savings accounts, and money tips today.

What is Money254?

Money254 is a new platform focused on helping you make more out of the money you have. We’ve created a simple, fast and secure way to find and compare financial products that best match your needs. All of the information shown is from products available at established financial institutions that our team of experts have tirelessly collected.
‍
 We’ve just launched but will be adding more product categories and tools over the coming months.

Sign-up to our newsletter and social channels to stay up-to-date!

Learn more about Money254

Stay up to date with your money - download the new Money254 App Today

Download the Money254 app on Google Playstore

Disclaimer: The information that Money254 provides on this website is obtained from publicly available resources and is intended for information or educational purposes only. Money254 strives to keep the information on the website up to date and does not warranty that all the information will be as the financial institutions updated or changed information at all times. Money254 does not own any of the information provided by or obtained from third party financial institutions. Take note that the institutions represented on this website may vary their terms at any time or may offer you terms different to what you have seen on the website due to their own analysis of your individual circumstances or change of terms and you are encouraged to review the specific financial institution’s terms and conditions when obtaining their services or products. Money254 is not a financial institution, insurance provider or financial adviser and is not liable for any decisions any individual makes based on the information provided on the website. Please refer to our terms and conditions and privacy policy before using this website.