NCBA Bank offers a range of card products, including debit, credit, and prepaid cards, each with its own set of fees. This article explores the various charges associated with these cards, helping customers manage their card-related costs effectively.
Debit Cards:
- Issuance and Renewal Fees:
NCBA Bank charges a fee of KES 500 for issuing a new debit card. Renewal fees, which are typically due every two years, are set at KES 400. These fees are relatively standard across the industry and cover the cost of card production and distribution. - Transaction Fees (e.g., POS, Online Payments):
Debit card transactions, including point-of-sale (POS) and online payments, are generally free of charge. However, international transactions may incur a foreign exchange conversion fee of 3% of the transaction amount.
Credit Cards:
- Annual Fees:
NCBA credit cards come with an annual fee ranging from KES 2,000 to KES 10,000, depending on the card type and benefits. Premium cards with higher credit limits and additional perks naturally carry higher fees. - Interest Rates and Penalty Charges:
The interest rate on NCBA credit cards ranges from 2.5% to 3.5% per month on the outstanding balance. Late payment penalties are set at KES 1,000 or 5% of the minimum payment due, whichever is higher.
Prepaid Cards:
- Loading Fees:
Loading a prepaid card at NCBA Bank incurs a fee of 1% of the loaded amount. This fee is deducted at the time of loading, making it essential for customers to account for it when topping up their cards. - Withdrawal and Transaction Fees:
Prepaid cardholders are charged KES 50 for ATM withdrawals and KES 30 for POS transactions. These fees are competitive compared to other banks, offering an affordable way to manage daily expenses.
Key Takeaways:
NCBA Bank offers various card products with competitive fees. Customers can manage these costs by selecting the card that best suits their needs and by being mindful of transaction charges, especially when using the card internationally.
