SBM Bank Kenya Limited Visa Gold Credit Card Product Details

Rates available from as of 1st April 2021

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SBM Bank Kenya Limited

Visa Gold Credit Card

Credit Limit

Set during application

Annual Fee

ksh3k

Interest Rate

3.25% per month

Interest Free Days

50 days

Min net income of Ksh20k to apply

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Payment Network

Visa

Card Fees

‍‍Joining fee: Free
Annual Fee: Ksh3000‍

Card features‍

Minimum net Income: Ksh20k
Card Limit: Set during application‍

Benefits‍

20% off on all Emergency Plus Medical Services (E-Plus)
10% discount for Optica purchases paid for with the SBM Gold credit card
10% discount (discount code: SBM) on hotel reservations and accommodation at any Sarova Hotels
5% discount on stationery and toys and 3% off on technology products on gross amount in all Text Book Centres shops
10% discount on accommodation and 15% off on beverages in Voi Wildlife Lodge in Tsavo East National Park‍

Repayment Details‍

Monthly Interest: 3.25%
Interest free period: 50 days
Minimum Repayment amount: 10%‍

Additional Fees‍

Cash advance Fees: 6%
Late Payment Fees: ksh1000
Over the limit Fees: ksh1000
Supplementary Card Fee: ksh2000
Card Replacement Fees: ksh1000‍

Documents Required‍

Latest payslip
National ID/ Passport
Latest 3 months bank statement
KRA Pin
‍T&C Link

Money254 Review

Pros

No joining fee required
50 days interest free period

Cons

Card replacement (after loss of old card) charged ksh1000

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