Credit Cards
Platinum Credit Card
Featured
- Up to 50 days’ interest-free credit
- Up to 3 supplementary cards
- Free travel insurance
- Free transactions
- Free monthly eStatements and direct setup
- Rewards and discounts at alliance partners
- World Miles points earned when you use your card
- 40% card limit available for cash withdrawal
- Protection insurance and extended warranty on purchases
- Emergency card replacements
- Net monthly salary of UGX4,000,000 or more, or a cash security in the form of a fixed deposit
- Annual membership fee of UXG220,000
- Identification document (passport/national ID/driver’s licence)
- Latest proof of income (payslips, fixed deposit certificate)
- Copy of financial card
- Valid work permit for foreign nationals
- Terms of employment
- Forex mark-up of 6% on international transactions
- Interest rate of 3% on outstanding payments on billed account
- Cash access fee via ATMs of 6% (minimum UGX10,000)
- Cash transfer to an Absa account of choice 6% minimum UGX10,000
- Over-limit fee of 6%
- Late payment fee of 10% minimum UGX10,000
- Card replacement fees UGX25,000 (free for fraud)
Mastercard Platinum Credit Card
- Joining fee for 3 years – UGX 100,000
- Annual Subscription – UGX 100,000
- Worldwide recognition and acceptance
- Customized offers from Mastercard that include Mastercard buy 1 get 1 offer, purchase protection, exclusive offers in over forty cities worldwide and booking a round trip international air ticket or hotel
Employed individuals
- Copy of payslip (last three months)
- Copy of national ID or passport copy
- Copy of TIN certificate
- Certified bank statement (last six months) if not banking with DTB
- Passport size photo
Self-employed individuals
- Certificate of incorporation / registration
- Copy of national ID or passport
- Copy of TIN certificate (personal and business)
- Company certified bank statement (last six months)
- Passport size photo
- Latest trading license (if applicable)
Security required:
- Based on financial security or the tenure of security by way of Fixed Deposit, amount block or other immovable property.
- Joining fee for 3 years – UGX 100,000
- Annual Subscription – UGX 100,000
- Supplementary card charges for 3 years – UGX 50,000
- Temporary limit enhancements during travel etc – UGX 100,000
- Excess over card – limit 5% of excess, Min UGX 20,000
- Unpaid cheque charges to clear credit card outstanding balance – UGX 100,000
- Re-issue of card/replacement/renewal – UGX 50,000
- Minimum repayment – 15%, Min UGX 100,000
- Single transaction limit increment – UGX 100,000
- Cash withdrawal charges using Credit Card (Not encouraged) – 5% of amount of withdrawal
- Charges, if payment made within due date – Free
- Delayed payment beyond due date – 5% per month
- Interest on balance after making part payment of minimum 10% – 3% per month
Visa Classic Credit Card
- The card is useful for purchasing big ticket items.
- The card is suitable for corporate spend
- Instead of having to sign a sales slip, your PIN verifies your transaction.
- There’s worldwide acceptability of Visa Brand, meaning you can access your funds at all VISA branded outlets.
- You can pay for goods and services at supermarkets, hotels, hospitals, fuel stations, and other retail outlets at no charge.
- Your card allows you to withdraw cash from the ATMs.
- Every time you transact you will receive an SMS alert with details of the transactions as they happen.
- Enjoy revolving credit with a 45-day interest free period. You may pay as little as 20% or more of your outstanding balance every month.
- Enjoy convenient record keeping through itemized monthly statements which show your transaction details.
- With the Classic Card you get access to affordable life insurance for you and your family.
To get a Visa Classic Credit Card simply open an Equity Bank Account and get one instantly.
Classic Credit Card
- Minimum Limit : UGX 500,000
Joining fees : Starting from UGX 60,000
- Cardholders have the option to pay 20% of their bill and revolve the balance at an interest as per the prevailing tariff guide.
- Card can be issued in UGX or USD (provided income is in USD).
- Check your credit card balance anytime using Online or Mobile Banking.
- SMS alerts when the card is used or when you reach 75% of your credit card limit.
- Card Credit Bonus: Enjoy a 24-hour increase in limit of up to UGX 150,000 at no extra fee.
- Enhanced security for online transactions through One-time Passwords, Pin and Chip technology and Verified by Visa (Visa) (OTP) sent to the cardholder.
- Buyer’s protection: Get free insurance cover on items worth more than UGX 150,000 or USD equivalent, when purchased with your Classic card. This affords cover of up to UGX 3,000,000 or USD equivalent per claim if the item is lost, stolen or accidentally damaged within 30 days of purchase.
- Up to 75% of available card limit withdrawals over the counter (OTC) at any bank branch or via ATM.
- Balance Transfer: consolidate all your credit card balances into your new credit card, provided balances are within your card limit.
- E-payment date reminders.
- Minimum Limit : UGX 500,000
- Joining fees : Starting from UGX 60,000
- Annual fees : Starting from UGX 80,000
Credit card
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.
- 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
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
- 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