KBZ VISA Credit Card

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.

Guide to using VISA 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 Activate the Card

(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) As soon as your credit card is activated by the bank, the PIN number will be sent to your mobile phone number by SMS.
(2) Insert your credit card at the nearest KBZ ATM to change the new PIN number you wish to keep.
(3) Select to change the PIN number after adding the card. 
(4) Enter the OTP you have received at the ATM.
(5) To change the new PIN, enter the new ATM PIN (6) numbers that you want to keep two times.
(6) The card can be used only after changing that PIN number to your own secret PIN number.


Platinum & Classic Card Features

Global Visa Merchant Acceptance (Domestic & International)

Global Cash Advance, POS and Online Purchase

Contactless

Secured by EMV Card Standard

15-45 days of free revolving credit facility

Minimum Payment Options (10% or MMK 10,000 whichever is higher)

If the outstanding amount is below MMK 10,000, actual amount is applicable

Supplementary cards applicable (up to 4 cards)

Platinum Benefits

Global Visa Platinum Benefits

Personalized Service Assistance

MPT Customers – 09969508666

Non-MPT Customers – 8666

24 x 7 Concierge Services

Exclusive discounts/rewards at participating merchant partners

Global Emergency Support

Classic Benefits

24×7 Customer Service

MPT Customers – 09951018555

Non-MPT Customers – 8555

Exclusive discounts/rewards at participating merchant partners

Eligibility to Apply for Card

  • 21 years and above for Primary
  • 18 years and above for supplementary

Minimun Monthly income:

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

Visa Credit Card – Classic

Fees & ChangesClassic
Joining Fee (Principle)15,000 MMK
Joining Fee (Supple)7,500 MMK
Annual Fee (Principle)20,000 MMK
Annual fee (Supple)10,000 MMK
Pin Reissuing FeeFree
Replacement Card Fee10,000 MMK
Cash Advance Fees (Domestic ATM)
* Effective since May 2024
10,000 MMK
Cash Advance Fees (International ATM)
* Effective since May 2024
20,000 MMK
Late Fees (Per Month)
* Effective since May 2024
10,000 MMK
Balance Inquires Fee ( Any ATM)Free
Interest Rate (Per Year)16.5%
Limit Change Fee10,000 MMK
Over Limit Fee 5,000 MMK
Bank Statement Printing Fee3,000 MMK

မှတ်ချက်။ ။ နိုင်ငံတကာငွေပေးချေမှုများနှင့်နိုင်ငံခြားငွေအသုံးပြုမှုများအတွက်နိုင်ငံတကာငွေကြေးလဲလှယ်ခနှင့်ကွန်ရက် အသုံးပြုမှုဝန်ဆောင်ခများကိုကောက်ခံသွားပါမည်။

Visa Credit Card – Platinum

Fees & ChangesPlatinum
Joining Fee (Principle)30,000 MMK
Joining Fee (Supple)15,000 MMK
Annual Fee (Principle)120,000 MMK
Annual fee (Supple)75,000 MMK
Pin Reissuing FeeFree
Replacement Card Fee10,000 MMK
Cash Advance Fees (Domestic ATM)
* Effective since May 2024
10,000 MMK
Cash Advance Fees (International ATM)
* Effective since May 2024
20,000 MMK
Late Fees (Per Month)
* Effective since May 2024
10,000 MMK
Balance Inquires Fee ( Any ATM)Free
Interest Rate (Per Year)16.5%
Limit Change Fee10,000 MMK
Over Limit Fee 10,000 MMK
Bank Statement Printing Fee 3,000 MMK

မှတ်ချက်။ ။ နိုင်ငံတကာငွေပေးချေမှုများနှင့်နိုင်ငံခြားငွေအသုံးပြုမှုများအတွက်နိုင်ငံတကာငွေကြေးလဲလှယ်ခနှင့်ကွန်ရက် အသုံးပြုမှုဝန်ဆောင်ခများကိုကောက်ခံသွားပါမည်။

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

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

Identification Document

  • Copy of NRC(both sides), Supplementary application included
  • Recent 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

Loan Customers
or Bank Customer who maintains daily credit balance for past 6 months>MMK3 Mio

Existing KBZ Bank customers who do not have daily credit balance for past 6 months> MMK 3Mio
or Non Bank Customer

Security / Collateral

Not Applicable

Require 1 Guarantor or the applicant to place deposit under LIEN equivalent to Credit Limit 

Guarantor Criteria

Not Applicable

Require 1 Guarantor or the applicant to place deposit under LIEN equivalent to Credit Limit 

Documents required from Guarantor

Not Applicable

Copy of NRC
Two photos (passport size)
Household registration (WAIVED for loan customer)
Ward registration letter

Want to open this account?

Contact Us Today

Call us now

and speak to one of our advisors

(+959) 951018555

  Apply in Branch

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