Corporate Credit Cards
PRIME CORPORATE CREDIT CARDS
Our Visa Corporate Credit Cards which are Gold, Classic & Platinum Cards can be used by companies both locally and internationally, withdraw cash at ATMs, and for making purchases online or at merchant outlets like shops and restaurants.
OUR CARDS
- Classic Card - with credit limit below KShs. 250,000
- Gold Card - credit limit of KShs. 250,000 and upto 1M.
- Platinum Card - with credit limit of kShs 1M and above.
Application for the above cards can be made by companies with
or without accounts at Prime Bank based on the credit worthiness
of the applicant subject to satisfactory due diligence.
ELIGIBILITY
| Non Customer | Existing Customer | ||
|---|---|---|---|
| 1 | Prescribed Application | 1 | Prescribed Application |
| 2 | Memorandum & Articles of association | 2 | Not required* |
| 3 | Certificate of Incorporation | 3 | Certificate of Incorporation |
| 4 | Board Resolution for availing card facility | 4 | Board Resolution for availing card facility |
| 5 | Two photographs of the persons availing card facility | 5 | Two photographs of the persons availing card facility |
| 6 | Copy of PIN certificate | 6 | Copy of PIN certificate |
| 7 | Copy of Directors'/Applicants' ID | 7 | Copy of Directors'/Applicants' ID |
| 8 | Audited accounts for the last 2 years | 8 | Not required* |
| 9 | List of Present Directors | 9 | List of Present Directors |
| 10 | Statement of account for the last 6 months | 10 | Not required* |
Fees & CHARGES
| Credit Card | Charges (All charges attract Excise Duty) |
|---|---|
| GOLD | |
| Joining Fee | KShs. 3,000 |
| Annual Fee | KShs. 3,500 |
| CLASSIC | |
| Joining Fee | KShs. 2,000 |
| Annual Fee | KShs. 3,000 |
| PLATINUM | |
| Joining Fee | Free |
| Annual Fee | KShs. 5,000 |
OTHER CREDIT CARD CHARGES
| Credit Card | Charges (All charges attract Excise Duty) |
|---|---|
| PIN Reprint Fee | KShs. 250 |
| Card Replacement | KShs. 2,000 |
| Statement Copy Request | Free |
| Copy of Sales Receipt | Free |
| Credit Card | Charges (All charges attract Excise Duty) |
|---|---|
| Overlimit Fee | 3% of the overlimit amount, which is in excess of the approved Credit Card limit |
| Late Payment Fee | 5% of the minimum amount due on the previous month’s statement |
| Debit Interest | 0.75% per month above the Bank Lending Rate |
| Cash Withdrawal | 5% of the amount withdrawn |
| Interest Charges on Cash Withdrawals | 0.75% per month above the Bank Lending Rate |
HOW TO PAY FOR YOUR CREDIT CARD DUES:
1. By Cash/Transfer Cheque/Clearing Cheque at any of our Branches specifying your Card Number
2. You can now pay your credit card dues through “Prime Mobi”, Mobile Banking App
=> Log in to Prime Mobi
=> Go to “Services”
=> Go to “Bill Payment”
=> Select Biller as “PRIME CREDIT CARD”
=> Submit
=> In the utility A/C Number enter your 16 digit card number
=> Enter the amount you want to pay
=> Submit
=> Enter your transaction PIN to confirm the transaction
3. Pay By MPESA
=> Go to Lipa na M-PESA
=> Go to Paybill
=> Go to Enter Business Number
=> Type Business Number as 982800
=> Go to Enter Account Number
=> Type your Credit Card Number as Account Number
=> Enter your MPESA PIN