Ignorance itatumaliza! 5 important things I bet you didn’t know your credit card could do for you

Have you ever gone shopping only when you get to the counter to pay for your goods you realize that you lost all the cash you had planned to pay with?

To help you avoid instances where you have lost money or have no cash to pay for goods/services you intended to pay with cash, the Co-operative Bank of Kenya (Co-op Bank) has come up with several solutions for all.

Co-op Bank has a number of cards meant to serve different needs for different customers. All these were innovated and initiated for customer convenience and security purposes.

Whoever has the card, they can be sure that their funds are safe and easily accessible from anywhere since they do not need to be carrying hard cash with them all the times.

Local Visa Classic Card is one of the many cards Co-op bank has; this one is a savior because it has so many benefits to users.

1. Global Cardholders Assistance Services

If your Visa card has been lost or stolen, Visa Global Customer Assistance Services representatives can:

• Block your account from fraudulent purchases within 30 minutes.
• Arrange for a replacement card to be sent to you within 3 working days.
• Provide for emergency cash to be collected from 270,000 locations worldwide.
• You may place a collect call from anywhere in the world to +1 303 967 1090

2. SMS notifications whenever your card is used

Whenever your card is used, you get notification. The SMS remain in your phone and you can be able to track how you have been using your card without necessarily getting statement from the bank.

3. Interest free period of up to 50 days
4. Option of paying full amount due or only 10% of the total amount spent or Kes.2,000/= whichever is greater and roll over the remainder
5. It allows a cash advance equivalent to KShs.10, 000= per day, but not exceeding 50% of total limit. Subject to availability of funds.

Before you inquire about the requirements for applying for Local Visa Classic Card, you need to know that Co-op bank’s interest rate per month is at 1.16%. This is the CHEAPEST in the market.

So what are the requirements for applying for Local Visa Classic Card?

For salaried applicants;

Three months current bank statements certified

ID original and a copy or passport

Copy of PIN certificate

Copy of most recent pay slip

One color passport size photo

For Self-employed applicants

Certified copy of national ID

Certified Copy of KRA PIN

One passport size photo