I&M Bank Visa Infinite Credit Card Product Details

Rates available from as of 1st April 2021

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I&M Bank Limited

Visa Infinite Credit Card

Credit Limit

Set during application

Annual Fee

$75 (+Ksh5k joining fee)

Interest Rate

1.50% per month

Interest Free Days

50 days

Min net income of Ksh300k to apply

visit website

Payment Network

Visa

Card Fees

‍‍Joining fee: Ksh5000
Annual Fee: $75‍

‍Card features:‍

Minimum Net Income: Ksh300K
Card Limit: Set during application‍

Benefits:‍

Concierge services
Access to 800+ Airport lounges
Up to $1m in emergency medical expenses cover
Attractive reward points earned when card is used. 1 point = 1 KES that can be redeemed to pay for outstanding balances or supermarket vouchers at Sarit Center, Carrefour, Naivas
10% discount on RRP/ Display Price for items that are not on offer and a 5% discount on RRP/ Display for the items that are already on offer at Armco Kenya
10% discount when you use your I&M Bank credit Card to settle for goods and services from all Optica stores, Kenya
Get ksh300 off your bill the first time you shop at Sky Garden and pay using your I&M Bank credit card.

Repayment Details

‍Monthly Interest: 3.5%
Interest free period: 50 days
Minimum Repayment amount: 10%‍

Additional Fees‍

Cash advance Fees: 7.5%
Late Payment Fees: 6%
Over the limit Fees: ksh1500
Supplementary Card Fee: ksh5000
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:

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

Cons:

Joining fee of Ksh5000 required
Card replacement (after loss of old card) charged Ksh1000

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