Standard Chartered Bank Kenya Visa Platinum Credit Card Product Details

Rates available from as of 1st April 2021
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Standard Chartered Bank Kenya Limited
Visa Platinum Credit Card
Credit Limit
Up To Ksh750K
Annual Fee
Ksh7k
Interest Rate
3% per month
Interest Free Days
50 days
Min net income of Ksh50k to apply
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Payment Network

Visa

Card Fees

  • Joining fee: Free
  • Annual fees: Ksh7000

Card Features

  • Minimum net Income: Ksh50k
  • Card Limit: Ksh750k

Benefits

  • 5% Cash back on Fuel and Dining (up to ksh250 bob each)
  • Free travel insurance for baggage loss/ delay (up to $1500)
  • Free travel insurance for accidents (up to $8000)
  • Purchase protection and extended warranty  (up to $1500
  • 10% discount on all inclusive packages at Baobab Beach Resort, Diani when you use your SCB credit card (until Nov 2022)
  • 10% off accommodation at Salt Lick Safari Lodge when you pay using your SCB credit card( until Nov 2022)
  • Up to 5% discount off prices on all products at Victoria Courts Furniture Store.( until Nov 2022)
  • 5% off purchase of products & services at AutoXpress (until Aug 2022)

Repayment Details

  • Monthly Interest: 4%
  • Interest free period: 50 days
  • Minimum Repayment amount: Ksh1000

Additional Fees

  • Cash advance Fees: 4%
  • Late Payment Fees: Ksh1500
  • Over the limit Fees: Ksh3000
  • Supplementary Card Fees: Ksh2000
  • Card Replacement Fees: Ksh1000

Documents Required

  • Certified Latest Pay slip
  • Original ID & copy
  • Bank statement with two salary credits if not banking with Standard Chartered
  • KRA Pin
  • T&C Link

This product is provided by Standard Chartered Bank Kenya Limited. Standard Chartered Bank Kenya Limited is a Commercial Bank licensed under the Banking Act Cap 488 of the Laws of Kenya and regulated by the Central Bank of Kenya.

Money254 Review

Pros

  • No joining fees
  • New Card ( after old card expires) is Free
  • 50 interest free days

Cons

  • Card Replacement ( after loss of old card) is Ksh1000
  • Relatively high monthly interest of 3%

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