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MPU Credit Card

The KBZ MPU Credit Card is the most sophisticated and simple to use anywhere in the country that is connected to MPU. Since MPU Credit Card allows customers to effortlessly make transaction, it is very practical for online/offline payment, shopping and dining at the restaurants.

Benefits

  • Able to use in any local stores which accept MPU
  • Able to use at any POS machine and E-commerce connected to MPU
  • Lower interest rates and fees
  • Free of charge for joining fees and annual fees
  • Able to earn interest on the deposited amount
  • Specifically designed for domestic usage
  • Cashless payment

Card Validity

3 years

Currency

MMK

Over Limit

10% of Credit Limit

Cash Advance Limit

50% of Credit Limit

Card Activation

KBZ Branches

POS Purchase Limit

Domestic – 5 Million MMK/Day

ATM Withdrawal Limit

Domestic – 1 Million MMK/Day

Transaction Limit

Domestic – 5 Million MMK/Day

Detailed Terms and Conditions are listed in the PDF, click on Download to view them. Download

WAY TO APPLY


Apply for the MPU Credit Card

or visit us at a branch.

• Joining Fee (Principle)– Free
• Joining Fee (Supple)– Free
Renewal Fee (Principle)– 30,000 MMK
Renewal Fee (Supple)– 15,000 MMK
Annual Fee (Principle)– 80,000 MMK
Annual fee (Supple)– 40,000 MMK
Card Fees– Free
PIN Reissuing Fee– Free
Cash Advance Fee (KBZ ATM)– 3% (Min. 5,000 MMK)
• Cash Advance Fee (MPU ATM)– 3% (Min. 5,000 MMK) + Other Bank Charges
Balance Inquires Fees (KBZ ATM)– Free
Balance Inquires Fees (MPU ATM)– Free
• Card Replacement Fees– 10,000 MMK
• Late Fees (Per Month)– 2.5% (Min. 10,000 MMK)
• Interest (Per Annum)– 20%
• Limit Charge Fee– 10,000 MMK
• Over Limit Fee (Per Month)– 10,000 MMK

• Joining Fee (Principle)– Free
• Joining Fee (Supple)– Free
Renewal Fee (Principle)– 20,000 MMK
Renewal Fee (Supple)– 10,000 MMK
Annual Fee (Principle)– 40,000 MMK
Annual fee (Supple)– 20,000 MMK
Card Fees– Free
PIN Reissuing Fee– Free
Cash Advance Fee (KBZ ATM)– 3% (Min. 5,000 MMK)
• Cash Advance Fee (MPU ATM)– 3% (Min. 5,000 MMK) + Other Bank Charges
Balance Inquires Fees (KBZ ATM)– Free
Balance Inquires Fees (MPU ATM)– Free
• Card Replacement Fees– 10,000 MMK
• Late Fees (Per Month)– 2.5% (Min. 10,000 MMK)
• Interest (Per Annum)– 20%
• Limit Charge Fee– 10,000 MMK
• Over Limit Fee (Per Month)– 7,000 MMK

• Joining Fee (Principle)– Free
• Joining Fee (Supple)– Free
Renewal Fee (Principle)– 15,000 MMK
Renewal Fee (Supple)– 7,500 MMK
Annual Fee (Principle)– 20,000 MMK
Annual fee (Supple)– 10,000 MMK
Card Fees– Free
PIN Reissuing Fee– Free
Cash Advance Fee (KBZ ATM)– 3% (Min. 5,000 MMK)
• Cash Advance Fee (MPU ATM)– 3% (Min. 5,000 MMK) + Other Bank Charges
Balance Inquires Fees (KBZ ATM)– Free
Balance Inquires Fees (MPU ATM)– Free
• Card Replacement Fees– 10,000 MMK
• Late Fees (Per Month)– 2.5% (Min. 10,000 MMK)
• Interest (Per Annum)– 20%
• Limit Charge Fee– 10,000 MMK
• Over Limit Fee (Per Month)– 5,000 MMK

Detailed Terms and Conditions are listed in the PDF, click on Download to view them. Download

WAY TO APPLY


Apply for the MPU Credit Card

or visit us at a branch.

Minimum Requirement 100% of Deposit Amount
Credit Limit Classic – MMK 2 Lakhs to 50 Lakhs
Gold – MMK 10 Lakhs to 50 Lakhs
Platinum – MMK 10 Lakhs to Maximum Credit Limit 300 Lakhs
Period of Facility3 Years
Billing CycleOn 15th of each month
No Interest Period (applicable only for full payment45 Days (Starting from beginning of billing date and end on the payment due date)
Interest Rate20%
Repayment Amount– Full Payment
– Partial Payment
– Minimum Payment – 10% of Total Outstanding
Repayment Method– Auto debit from customer current Individual or Join Account (Personal) a/c
– OTC at branch
– Mobile Banking (QuickPay)
– KBZPay (QuickPay)
Supplementary CardMaximum 4 Supplementary Card
Required Document– Application Form
– NRC (Front/Back)
Processing Time– 3 Working Days (Yangon Region)
– 7 Working Days (Other Region)

Detailed Terms and Conditions are listed in the PDF, click on Download to view them. Download

WAY TO APPLY


Apply for the MPU Credit Card

or visit us at a branch.

Guide to using MPU Credit Card

Since your credit card is only in inactive mode, it is necessary to activate the card at the KBZ bank branch when you pick up the card.

To do the Card Activation

  1. There is a signature area on the back of the card, you must sign in that space.
  2. The activation form must be signed.

Steps to change ATM PIN

  1. Insert your credit card into the nearest KBZ ATM machine.
  2. After inserting the card at the KBZ ATM, KBZ Bank will send a One-time Password (OTP) Message to your mobile phone that you provided when you applied for the card.
  3. When you receive the OTP (6) numbers, enter them in the ATM machine.
  4. To change the new PIN, enter the new ATM PIN (6) numbers that you want to keep two times.

Detailed Terms and Conditions are listed in the PDF, click on Download to view them. Download

WAY TO APPLY


Apply for the MPU Credit Card

or visit us at a branch.

MPU Credit Card
(Platinum)

• Joining Fee (Principle)– Free
• Joining Fee (Supple)– Free
Renewal Fee (Principle)– 30,000 MMK
Renewal Fee (Supple)– 15,000 MMK
Annual Fee (Principle)– 80,000 MMK
Annual fee (Supple)– 40,000 MMK
Card Fees– Free
PIN Reissuing Fee– Free
Cash Advance Fee (KBZ ATM)– 3% (Min. 5,000 MMK)
• Cash Advance Fee (MPU ATM)– 3% (Min. 5,000 MMK) + Other Bank Charges
Balance Inquires Fees (KBZ ATM)– Free
Balance Inquires Fees (MPU ATM)– Free
• Card Replacement Fees– 10,000 MMK
• Late Fees (Per Month)– 2.5% (Min. 10,000 MMK)
• Interest (Per Annum)– 20%
• Limit Charge Fee– 10,000 MMK
• Over Limit Fee (Per Month)– 10,000 MMK

MPU Credit Card
(Gold)

• Joining Fee (Principle)– Free
• Joining Fee (Supple)– Free
Renewal Fee (Principle)– 20,000 MMK
Renewal Fee (Supple)– 10,000 MMK
Annual Fee (Principle)– 40,000 MMK
Annual fee (Supple)– 20,000 MMK
Card Fees– Free
PIN Reissuing Fee– Free
Cash Advance Fee (KBZ ATM)– 3% (Min. 5,000 MMK)
• Cash Advance Fee (MPU ATM)– 3% (Min. 5,000 MMK) + Other Bank Charges
Balance Inquires Fees (KBZ ATM)– Free
Balance Inquires Fees (MPU ATM)– Free
• Card Replacement Fees– 10,000 MMK
• Late Fees (Per Month)– 2.5% (Min. 10,000 MMK)
• Interest (Per Annum)– 20%
• Limit Charge Fee– 10,000 MMK
• Over Limit Fee (Per Month)– 7,000 MMK

MPU Credit Card
(Classic)

• Joining Fee (Principle)– Free
• Joining Fee (Supple)– Free
Renewal Fee (Principle)– 15,000 MMK
Renewal Fee (Supple)– 7,500 MMK
Annual Fee (Principle)– 20,000 MMK
Annual fee (Supple)– 10,000 MMK
Card Fees– Free
PIN Reissuing Fee– Free
Cash Advance Fee (KBZ ATM)– 3% (Min. 5,000 MMK)
• Cash Advance Fee (MPU ATM)– 3% (Min. 5,000 MMK) + Other Bank Charges
Balance Inquires Fees (KBZ ATM)– Free
Balance Inquires Fees (MPU ATM)– Free
• Card Replacement Fees– 10,000 MMK
• Late Fees (Per Month)– 2.5% (Min. 10,000 MMK)
• Interest (Per Annum)– 20%
• Limit Charge Fee– 10,000 MMK
• Over Limit Fee (Per Month)– 5,000 MMK

Minimum Requirement

100% of Deposit Amount


Credit Limit

Classic – MMK 2 Lakhs to 50 Lakhs

Gold – MMK 10 Lakhs to 50 Lakhs

Silver – MMK 10 Lakhs to Maximum Credit Limit 300 Lakhs


Period of Facility

3 Years


Billing Cycle

On 15th of each month


No Interest Period (applicable only for full payment)

45 Days (Starting from beginning of billing date
and end on the payment due date)


Interest Rate

20 %


Repayment Amount

• Full Payment

• Partial Payment

• Minimum Payment – 10% of Total Outstanding


Repayment Method

• Auto debit from customer current Individual or Joint Account (Personal) a/c

• OTC at branch

• Mobile Banking (QuickPay)

• KBZPay (QuickPay)


Supplementary Card

• Maximum 4 Supplementary Card


Required Document

• Application Form

• NRC (Front/Back)


Processing Time

• 3 Working Days (Yangon Region)

• 7 Working Days (Other Region)

Guide to using MPU Credit Card

Since your credit card is only in inactive mode, it is necessary to activate the card at the KBZ bank branch when you pick up the card.

To do the Card Activation

  1. There is a signature area on the back of the card, you must sign in that space.
  2. The activation form must be signed.

Steps to change ATM PIN

  1. Insert your credit card into the nearest KBZ ATM machine.
  2. After inserting the card at the KBZ ATM, KBZ Bank will send a One-time Password (OTP) Message to your mobile phone that you provided when you applied for the card.
  3. When you receive the OTP (6) numbers, enter them in the ATM machine.
  4. To change the new PIN, enter the new ATM PIN (6) numbers that you want to keep two times.

Detailed Terms and Conditions are listed in the PDF, click on Download to view them. Dhttps://www.kbzbank.com/wp-content/uploads/2023/02/KBZ-CREDIT-CARD-TERMS-AND-CONDITONS-ENG.pdfownload

WAY TO APPLY


Apply for the MPU Credit Card

or visit us at a branch.

CityParticipating Merchants Privileges Offer for MPU Credit Card
YangonHla Spa-Exclusive Discount 15% on all services (All Service of Hla Spa Lifestyle- 15% (Minimum price is $25++.)
YangonShwe Mingalar Spa-Exclusive Discount 10% on all services (Cannot combine with any other promotions by merchant)
YangonSB Furniture-Exclusive Discount 5% on all services
YangonEliza-Get 10 % instant discount for Complete Facial Treatment
-Get 5% instant discount for products
YangonPower House Fitness-Exclusive Discount up to 35% on membership packages:
-Get 10% discount on 4 Months Membership package
(USD $500)
-Get 25% discount on 6 Months Membership package
(USD $700)
-Get 35% discount on 12 Months Membership package
(USD $1200)
YangonPlatina Lusso-Furniture Mall-All Items 5% + Seasonal Promotion
YangonBarberlogy Barbershop-All Types of service: 10% Dis off
YangonPRO 1 Global Spending with KBZ MPU Platinum and Gold Credit Cards- Get PRO 1 Global Member card
MandalayPRO 1 Global Spending with KBZ MPU Platinum and Gold Credit Cards- Get PRO 1 Global Member card
YangonFit Way GymExclusive discounts up to 35% and PT free sessions
Yangon 5BB Broadband Fiber Internet Service-Exclusive Discount 10%
CityParticipating Merchants Privileges Offer for MPU Credit Card
YangonZaragoza Myanmar-Exclusive Discount 10% on all products
YangonThe Bridge Premium bags and leather goods -Exclusive Discount 10% on all products
YangonHigh Culture -Exclusive Discount Up to 15% and Presents:
Spending 60,000 MMK – Get lanyard
Spending 200,000 MMK – Get 10% off
Spending 500,000 MMK – Get 15% off
MandalayHigh Culture -Exclusive Discount Up to 15% and Presents:
Spending 60,000 MMK – Get lanyard
Spending 200,000 MMK – Get 10% off
Spending 500,000 MMK – Get 15% off
Yangon77 Baby Store-Exclusive Discount 5% on all products
Yangon BESTO Fashion-Exclusive discount up to 10%
CityParticipating Merchants Privileges Offer for MPU Credit Card
YangonHotel Scion-All Types of hotel room: 25% Dis off
YangonParkRoyal Hotel-Get Special Rates and presents in Dinning:
KBZ MPU Credit Card(classic)
-Spice Brasserie/Weekly Sunday Seafood Brunch for 2 Person $59 including Beer, Wine, Sparkling, Soft Drinks, Coffee & Tea
-Cake Counter Any Special Cake 1 kg $ 29 including one Falooda

KBZ MPU Credit Card(Gold and Platinum)
-Shiki Tei / Friday & Saturday / Japanese Buffet $30 per person including Soft Drinks, Coffee & Tea
-Club 5 / Thursday Friday , Saturday Bottle of GLENLIVET 12YRS 75CL BT including 3 Soft Drinks, Large Bowl of BBQ Chicken Wings $ 99
-Sichuan Do Hua Peking Duck 3 Ways $50 including Dessert Plate
YangonJasmine Palace Hotel-Exclusive Discount up to 20% on Room Charge
- Exclusive Discount up to 10% on Food and Beverage
TaunggyiJasmine Taunggyi Hotel-Exclusive Discount up to 20% on Room Charge
- Exclusive Discount up to 10% on Food and Beverage
NgapaliJasmine Ngapali Hotel-Exclusive Discount up to 20% on Room Charge
- Exclusive Discount up to 10% on Food and Beverage
NaypyitawJasmine Naypyitaw Hotel-Exclusive Discount up to 20% on Room Charge
- Exclusive Discount up to 10% on Food and Beverage
CityParticipating Merchants Privileges Offer for MPU Credit Card
YangonSnoopy-Spend 300,000 and above (Smart Phone) get 5000ks Cash back for Handsets
-Exclusive Discount 10% Discount on Accessories
YangonHome Aid -Exclusive Discount 3% on all products
YangonSuper Mobile -Exclusive Discount 15% on Accessories
MandalaySuper Mobile -Exclusive Discount 15% on Accessories
CityParticipating Merchants Privileges Offer for MPU Credit Card
YangonSplendid-All accessories 10 % Discount (Execpt - Note book & System Box)
CityParticipating Merchants Privileges Offer for MPU Credit Card
YangonBreeze Restaurant and lounge-Exclusive Discount 10% Discount on Foods (minimun spending limit is $21++.)
YangonNoodle Bowl-Get 10 % instant discount
YangonBeerlogy Bar, BBQ and Restaurant-Spending over 60,000MMK - Get Big Fruit Plate
MandalayMaha Chai Thai Restaurant -Exclusive Discount 10% Discount on bill
MandalayCoffee Corner -Exclusive Discount 10% Discount on bill
YangonThe SAKE BROS- Exclusive Discount 5%

The KBZ MPU Credit Card is the most sophisticated and simple to use anywhere in the country that is connected to MPU. Since MPU Credit Card allows customers to effortlessly make transaction, it is very practical for online/offline payment, shopping and dining at the restaurants.

We currently offer KBZ MPU Credit Card (Classic, Gold and Platinum).

– Myanmar Merchant Acceptance
– Local Cash Advance, POS and Online Purchase
– No Interest Period 15 to 45 days
– Exclusive Privileges from KBZ Bank & MPU Benefits

The default currency for KBZ MPU Credit Card is Myanmar Kyats (MMK).

You can use your credit card for up to 3 years from the year of your application. The expiry date is located on the front of your KBZ MPU Credit Card.
You should renew your credit card a month before the expiration date by visiting any KBZ branch or contacting our call center.

The KBZ MPU Credit Card is accepted at all MPU-branded ATMs and can be used at local partner stores.

There are several wellness, travel, and lifestyle perks to using the KBZ MPU Credit Card. For further information, please visit https://myanmarpaymentunion.com/my/.

You must be a Myanmar Citizen or have PR status, over the age 21 years and have a verifiable source of income.
Classic – minimum income of 200,000 MMK
Gold – minimum income of 1,000,000 MMK
Platinum – minimum income of 2,000,000 MMK

Depending on the card the following are applicable:

MPU
Classic
Gold
Platinum
Joining Fee – Principle
Free
Free
Free
Joining Fee – Supplementary
Free
Free
Free

A credit card annual fee is a price that you will pay every year to remain a cardholder and enjoy the card’s rewards and benefits. The first year annual fees for KBZ MPU Credit Card is free of charge.

MPU
Classic
Gold
Platinum
Annual Fee – Principle
20,000
40,000
80,000
Annual Fee – Supplementary
10,000
20,000
40,000

Visit your nearest KBZ branch and fill out an application and don’t forget to bring the following documents with you:

Personal Information
NRC (Front and Back)
Household Registration (Census)
Ward Recommendation Letter
2 x Passport Photo
Guarantor (2 persons)
NRC (Front and Back)
Household Registration (Census)
Ward Recommendation Letter
2 x Passport Photo
Salaried
Recent Pay Slip
3 months Bank Statement
Employer Confirmation Letter
Copy of Tax Book
Self-Employed (Any Two)
6 months Bank Statement
Business License
Previous Year Tax Receipt

Yes, you are allowed up to 4 KBZ MPU supplementary cards. Application is only allowed for immediate family members over the age of 18 years.

Usually it takes around 14 working days for KBZ MPU Credit Card application to get approved.

KBZ MPU Credit Card application could get rejected for the following reasons:
– Incomplete Application Form
– Incomplete Supporting Documentation
– Income cannot be verified
– Ineligible Credit Standing

KBZ MPU Credit Card limit is determined by several criteria including your employment, income and credit status. The credit limit on primary card will also be combined with the supplementary card/s

Visit the nearest KBZ Branch and request for a credit limit increase. This process may take up to a week to be approved.

Once you visit the KBZ Branch to collect the KBZ MPU Credit Card, KBZ Bank staff will direct you to fill in the necessary form to activate it. Once your card has been activated, you will need to change the temporary PIN at any KBZ ATM and after this process is completed, your KBZ MPU Credit Card is ready to be used. Please take note it may take a few hours to activate your KBZ MPU Credit Card, however, you can inquire about the activation status by contacting the call center.

This is a 6-digit sequence of numbers that you can choose for yourself and It’s important to remember it since you will be using it at ATMs and for Online or POS payments. If you have forgotten your PIN or you’re PIN has been blocked, you must visit your nearest KBZ Branch for a new one. Remember to bring your KBZ MPU Credit Card and NRC for validation purposes and 3,000 MMK will be charged for the reissue.

Currently you can pay off your credit card in the following ways:
– Auto debit from customer current Individual or Joint Account (Personal) a/c
– OTC at branch
– Mobile Banking (QuickPay)
– KBZPay (QuickPay)
If you register for the Auto Debit facility the credit card outstanding amount will be automatically debited from your KBZ Bank account on your payment due date every month. The payment will be credited into your credit card immediately.

You can make payment with two options
– Full Payment (Total Due Amount)
– Minimum Payment (10,000 MMK or 10% of Total Due Amount)

You can check your current balance at KBZ ATM or contacting the Call Center

If you do not receive your monthly electronic statements via email, you can visit a branch or contact the call center to resolve the problem. There may be an error with your email address, or you may need to update it.

The grace (interest free) period is between 15-45 days depending on day the transaction is made and is only applicable if full payment is made on the outstanding bill.
Interest free grace period is only applicable for purchase transactions and cash withdrawals are not included. The statement date will differ according to the credit card type:
MPU (Classic, Gold & Platinum) – 16th of each month
Payment due date is on +15 days from the billing date.

Interest is calculated when only partial payment is made on the outstanding from the previous billing cycle. Interest will be calculated from the day the outstanding amount is due until all outstanding amounts are fully settled. Interest is calculated on a daily basis (Outstanding from the previous cycle x Annual interest rate)/365 x No. of days. There will be no interest applicable if full payment is made on the total outstanding amount on the statement, however, if a customer opts to make a partial payment, there will be no interest free period and interest will be charged. We currently charge 20% interest for all KBZ credit cards and Interest is calculated daily.

Whenever you exceed your credit limit, a monthly fee will be charged on the amount that exceeds the credit limit.

If you are planning to go overseas, you can request for a temporary increase for your credit card limit for the duration of the travel, need to give the document which is define by Bank. There will be charges depend on the card type for this facility.

You can withdraw cash up to 50% of your credit limit and for that you will be charged an ATM withdrawal fee on the withdrawn amount.

If you do not make payment (at least the minimum) by the due date, you will be charged late fees on top of the interest. If you neglect to make any payment beyond a specified period your card may be blocked, and the bank may initiate the necessary recovery actions including but not limited to legal actions. If you credit card bill is overdue for more than 30 days, your card will be automatically blocked, and you will be required to make a minimum payment before it can be unblocked and used again. 60 days, your card will be automatically blocked, and you will be required to make full payment before it can be unblocked and used again.

You will need to contact our call center or visit the nearest KBZ Branch and we will block the card immediately. You will then have to apply for a new card which will be reissued within 1 month. You can also block the card by yourself through the KBZ Mobile Banking Application under the Card Activity >> Card Services Menus.

You will need to visit the nearest branch and request to have your card replaced and will be charged 10,000 MMK as card replacement fee.

If the ATM is at located at the branch, a staff member will be able to return the card to you immediately if it is during working hours. For any other scenarios, contact the call center for assistance.

You can visit the nearest KBZ branch to cancel your credit card however, all outstanding amounts including fees and charges must be settled. If the primary credit card is closed, then all supplementary cards will be closed subsequently.

If you want to update any personal information, you will need to visit the nearest branch and fill out a change request form. For any other credit card related queries contact our KBZ 24×7 Customer Service Hotline – MPT Customers: +959951018555 Non-MPTCustomers:8555 @visit the nearest branch for more information.

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