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.
Announcement to KBZ Visa Platinum Cardholders
Kindly be informed that effective 1.1.2018, for new card applications, the bank will stop providing the benefit of Sule Shangri-La GEM membership as the hotel is discontinuing the program.
However, for existing cardholders, the current Sule Shangri-La membership will be honored until the membership card expires.
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 up to 4 cards
Platinum Benefits
UnionPay Asia Prestige Program
(6 times / year free Airport VIP Lounge Access at over 400 Airports & Over 900 Lounges)
Overseas Travel Accident Insurance
( 2 times per year)
50% Joining Fee Discount for Supplementary Cards
25% Annual Fee Discount for Supplementary Cards
Personalized Service Assistance (Tel: +951370066)
Global Emergency Medical, Travel Assistance & Concierge Service (Tel: +662 205 7748)
Exclusive Merchant Discounts
- KBZ Merchant Offerings
- Travel Mate Asia
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
- 21 Yeards and above for Primary
- 18 years and above for supplementary
Minimun Monthly income:
- Classic:MMK 300,000
- Platinum: MMK 2,000,000
Classic(MMK)
Joining Fee
Principal-10,000 MMK
Supplementary –5,000 MMK
Annual Fee
Principal-15,000 MMK
Supplementary – 7,500 MMK
Pin Reissue
3,000 MMK
Lost/ Stolen Card Replacement Fee
5,000 MMK
Over Limit
Principal-5,000 MMK
Temp Limit Increase
10,000 MMK
Platinum(MMK)
Joining Fee
Principal-20,000 MMK
Supplementary –10,000 MMK
Annual Fee
Principal-100,000 MMK
Supplementary –75,000 MMK
Pin Reissue
3,000 MMK
Lost/ Stolen Card Replacement Fee
10,000 MMK
Over Limit
Principal-10,000 MMK
Temp Limit Increase
10,000 MMK
| Interest rate | 16% p.a (effective from 1st JULY 2019) |
| Cash Withdrawal (CW) | 5000 MMK or 3% of CW amount(whichever is higher) and interest of 20% p.a (effective from 1st JULY 2019) |
| 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 UPI Platinum Cardholders, 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 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