EXCHANGE RATES 10/19/2017
USD BUY 1351 SELL 1352
SGD BUY 996 SELL 998
THB BUY 40 SELL 41.5
EUR BUY 1596 SELL 1599
EXCHANGE RATES     10/19/2017
USD BUY 1351 SELL 1352
SGD BUY 996 SELL 998
EUR BUY 1596 SELL 1599
THB BUY 40 SELL 41.5

KBZ VISA Credit Card

KBZ Visa credit card is a kind of unsecured personal loan provided through a “plastic card” which can be used for payment of goods & services or cash withdrawal.

There are two (2)  types of Visa credit card issued byKBZ bank i.e Platinum & Classic cards with PayWave function. KBZ Visa payWave is a contactless method of payment – the latest evolution in Visa payments. It is simple, secure and quick payment method. The technology enables cardholders to ‘tap’ their card on a contactless POS terminal to make transactions up to the  amount set by merchant’s acquiring bank, rather than ‘swiping or dipping’ their card into POS terminals. The cards have a tiny antenna embedded into the chip which securely transmits payment instructions to and from a specially adapted card terminal.

Customers can apply for any of the card based on their income eligibility.

Platinum & Classic Card Features

Global Visa Merchant Acceptance (Domestic & International)

Global Cash Advance, POS and Online Purchase

Secured by EMV Card Standard

Contactless

Supplementary cards applicable (up to 4 cards)

15 – 45 days of credit revolving facility

Minimum payment options (10% or MMK10,000)

Platinum Benefits

10% exclusive discount at duty free outlets in Yangon International Airport (operated by Royal Golden Sky)

20% discount at any F & B outlets in Sule Shangri-La, Yangon

Global Visa Platinum Benefits

Travel Accident Insurance (2 times per year)

24 x 7 Concierge Services

Global Emergency Support

Exclusive discounts/rewards at participating merchant partners

Classic Benefits

10% exclusive discount at duty free outlets in Yangon International Airport (operated by Royal Golden Sky)

Exclusive discounts/rewards at participating merchant partners

Eligibility to Apply for Card

Monthly Income Eligibility:

  • Classic:MMK 300,000
  • Platinum: MMK 2,000,000

Age Eligibility:

  • 21 years and above for principal card
  • 18 years and above for supplementary card

Classic(MMK)

Joining Fee

PRINCIPAL-

15,000 MMK

SUPPLEMENTARY –

7,500 MMK

Annual Fee

PRINCIPAL-

20,000 MMK

SUPPLEMENTARY –

7,500 MMK

Pin Reissue

3,000 MMK

Lost/ Stolen Card Replacement Fee

5,000 MMK

Over Limit

5,000 MMK

Temp Limit Increase

10,000 MMK

Platinum(MMK)

Joining Fee

PRINCIPAL-

30,000 MMK

SUPPLEMENTARY –

15,000 MMK

Annual Fee

PRINCIPAL-

120,000 MMK

SUPPLEMENTARY –

75,000 MMK

Pin Reissue

3,000 MMK

Lost/ Stolen Card Replacement Fee

10,000 MMK

Over Limit

10,000 MMK

Temp Limit Increase

10,000 MMK

Interest rate 13%
Cash Withdrawal (CW) 5000 MMK or 3% of CW amount(whichever is higher) and interest of 13% p.a
Balance Inquiry 500 MMK
Late Payment 2.50%
Statement Reprint 1000 MMK

Why choose KBZ Visa Credit Card?

Convenient

Never have to worry about not carrying enough cash when you are out.

Shop Online

Make online payments on e-commerce websites.

Secure

No need to worry about your cash being stolen with our EMV Smart Chip Technology

Overseas Travel Accident Insurance

KBZ Bank provides the Overseas Travel Accident Insurance only for KBZ VISA Platinum Credit Card Members who are myanmar nationality and maximun of two times a year.

Required Documents

Salaried(any two)

  • Pay slip
  • 3 Month Bank Statement
  • Employer confirmation letter
  • Copy of Tax Book

Self Employed(any two)

  • Last 6 month bank statment
  • Business license/ Company registration
  • Previous year Tax Receipt

Identification Document

  • Copy of NRC(both sides), Supplementary application included
  • Recent (2) Passport Size Photo (applicable for principal cardholder)
  • Copy of Household Registration Certificate
  • Ward Registration Letter (Original)

Other Requirements

Description No Guarantor Required Guarantor Required
Definition
    1. Loan Customers
    1. or Bank Customer who maintains daily credit balance for past 6 months>MMK3 Mio
    1. Existing KBZ Bank customers who do not have daily credit balance for past 6 months> MMK 3Mio
    1. or Non Bank Customer
Security / Collateral
    1. Not Applicable
    1. Require 1 Guarantor or the applicant to place deposit under LIEN equivalent to Credit Limit
Guarantor Criteria
    1. Not Applicable
      1. The guarantor must be a KBZ bank deposit account customer for more than3 months or
    1. a loan customer.
    1. Guarantor must have current balance of>MMK5 Mio (WAIVED for Loan customer)
    1. Can only recommend three applications.
    1. To sign Guarantor Form (L13A)
Documents required from Guarantor
    1. Not Applicable
    1. Copy of NRC
    1. Two photos (passport size)
    1. Household registration (WAIVED for loan customer)
    1. Ward registration letter

Want to open this account?

Contact us today

Call us now

and speak to one of our advisors

(+95) 1-370320

Apply in branch

Find your nearest KBZ branch and come and talk to one of our advisors in person

FAQS?

FAQS