Credit card
A credit card enables you to buy goods and services or withdraw cash for immediate use and then pay for the purchases at an affordable installment at a future date at an assigned revolving credit limit
It is all about convenience. Buy goods and services or withdraw cash for immediate use and pay back later at affordable installments at a future date.
10% of outstanding balance
Minimum monthly Repayment
55 Interest free days
Interest Charge
Some of the benefits
Interest free days
You get 55 interest free days, when you pay outstanding balance in full each month
Revolving limit
Funds becomes available to use again immediately you start paying
Secure
Chip and PIN 3D secure, Real Time SMS Alerts, 24/7 support on Transactions and Fraud reporting
Insurance
Travel cover for ticket bookings & credit protection plan on death or permanent disability
What is a credit card?
A credit card is issued with an assigned revolving credit limit (1X net salary) and you may use the available credit if the minimum amount due is paid by due date.
What is a revolving credit limit?
You will have a set amount or “limit” on your card which is the maximum you’ll be able to use. As you start to pay back the outstanding amount, your “limit” of funds becomes available to use again.
A silver credit card limit is from UGX 1million to 3.8million, while a gold credit card limit is from UGX 3.8million to 100million.
What is the difference between a debit card and a credit card?
The main difference is that with a debit card the customer buys now and pays now off his own money, whereas with a credit card, the cardholder has accesses money from the bank on credit to buy now and pay later
What are the benefits of a credit card?
- Access credit as and when you need it. Once you have your card, there is no need to wait for further application of a loan.
- It is more accepted worldwide; - at all Visa Acceptance Points (ATMs, POS and Online/ecommerce)
- Secure way of shopping online because it is Verified by Visa
- 55 interest free days (if you decide to pay back your outstanding account balance in full each month (this excludes cash transactions, i.e. ATM withdrawals, foreign exchange).
- It is safe and easier than carrying cash
- A secondary card for your family members at no extra cost
- Free travel insurance if you make your air ticket booking using the credit card (for a Gold credit card)
- Free credit protection plan on death or permanent disability
- You can pay for goods and services immediately but spread the repayments over a longer period with minimum monthly repayments of 10% of your outstanding balance
- Unlimited free card related SMS and monthly statements
- Country wide acceptance at Supermarkets, Fuel stations, Restaurants, Hospitals & Pharmacies, Hotels, Game Parks, ATMs, and online shopping points with Visa Card Acceptance
What it costs
- Card replacement fees 22,600
- Loan origination fees: 2% of total loan amount (minimum Ugx 50,000).
- Monthly Interest rate: 3.17% for Gold cards and 3.25% for Silver cards
- Insurance fees: As determined by pre-selected underwriters and vetted via existing procurement process.
- Annual Card Fees: UGX169,500
How to get it
- You can apply for one at any of our nearest branches or engage your relationship manager.
- It will be available for you within 7 working days.
- You will need to have a current account with us.
If you do not have an account, you can open online. Click here
Download Credit Card Application Pack Here;
Application Form
Key Facts Document
Declaration of Literacy
REQUIREMENTS
Salaried :
- Financial card
- Recent payslip
- Valid ID
- Operating Stanbic Bank Account
Self employed:
- Financial card
- Registration certificate/or Trading licence
- Valid ID
- Operating Stanbic Bank Account
Corporate :
- Certificate of Incorporation
- Particulars of Directors
- Board resolution
- Copy of company financial card
- Copies of Valid Identification for cardholders
- Latest Annual Returns filed with Company Registry
- Operating Stanbic Bank Account
-
What is a credit card?
-
What are the benefits of a credit card?
-
What it costs
-
How to get it
A credit card is issued with an assigned revolving credit limit (1X net salary) and you may use the available credit if the minimum amount due is paid by due date.
What is a revolving credit limit?
You will have a set amount or “limit” on your card which is the maximum you’ll be able to use. As you start to pay back the outstanding amount, your “limit” of funds becomes available to use again.
A silver credit card limit is from UGX 1million to 3.8million, while a gold credit card limit is from UGX 3.8million to 100million.
What is the difference between a debit card and a credit card?
The main difference is that with a debit card the customer buys now and pays now off his own money, whereas with a credit card, the cardholder has accesses money from the bank on credit to buy now and pay later
- Access credit as and when you need it. Once you have your card, there is no need to wait for further application of a loan.
- It is more accepted worldwide; - at all Visa Acceptance Points (ATMs, POS and Online/ecommerce)
- Secure way of shopping online because it is Verified by Visa
- 55 interest free days (if you decide to pay back your outstanding account balance in full each month (this excludes cash transactions, i.e. ATM withdrawals, foreign exchange).
- It is safe and easier than carrying cash
- A secondary card for your family members at no extra cost
- Free travel insurance if you make your air ticket booking using the credit card (for a Gold credit card)
- Free credit protection plan on death or permanent disability
- You can pay for goods and services immediately but spread the repayments over a longer period with minimum monthly repayments of 10% of your outstanding balance
- Unlimited free card related SMS and monthly statements
- Country wide acceptance at Supermarkets, Fuel stations, Restaurants, Hospitals & Pharmacies, Hotels, Game Parks, ATMs, and online shopping points with Visa Card Acceptance
- Card replacement fees 22,600
- Loan origination fees: 2% of total loan amount (minimum Ugx 50,000).
- Monthly Interest rate: 3.17% for Gold cards and 3.25% for Silver cards
- Insurance fees: As determined by pre-selected underwriters and vetted via existing procurement process.
- Annual Card Fees: UGX169,500
- You can apply for one at any of our nearest branches or engage your relationship manager.
- It will be available for you within 7 working days.
- You will need to have a current account with us.
If you do not have an account, you can open online. Click here
Download Credit Card Application Pack Here;
Application Form
Key Facts Document
Declaration of Literacy
REQUIREMENTS
Salaried :
- Financial card
- Recent payslip
- Valid ID
- Operating Stanbic Bank Account
Self employed:
- Financial card
- Registration certificate/or Trading licence
- Valid ID
- Operating Stanbic Bank Account
Corporate :
- Certificate of Incorporation
- Particulars of Directors
- Board resolution
- Copy of company financial card
- Copies of Valid Identification for cardholders
- Latest Annual Returns filed with Company Registry
- Operating Stanbic Bank Account
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