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Cheapest Credit Card
Rank: Veteran Joined: 3/16/2009 Posts: 1,464
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Hi guys,
Need some advise here.
I have been using Barclaycard for a very long time. Can't complain.
However I'm shopping around for a cheaper card, in terms of annual charge and more importantly cash withdrawal.
Barclay Card charges a spot charge of 6.5% plus an extra 3.5% (or thereabout) per month for cash withdrawal.
Any cheaper card around??
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Rank: New-farer Joined: 1/5/2011 Posts: 79
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Pierce wrote:Hi guys,
Need some advise here.
I have been using Barclaycard for a very long time. Can't complain.
However I'm shopping around for a cheaper card, in terms of annual charge and more importantly cash withdrawal.
Barclay Card charges a spot charge of 6.5% plus an extra 3.5% (or thereabout) per month for cash withdrawal.
Any cheaper card around?? i do think KCB or I&M
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Rank: Veteran Joined: 12/21/2011 Posts: 1,010
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i echo the above,enda KCB na hutaregret!
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Rank: Veteran Joined: 3/16/2009 Posts: 1,464
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Just called by Simba and I&M.
KCB at same level with BBK. I&M an arm and a leg.
Barclaycard it is.
Thanks everyone for you suggestions.
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Rank: New-farer Joined: 10/28/2010 Posts: 22 Location: Nairobi
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Hey Pierce, if still looking for a credit card, try NIC's freedom card....... Annual fee is 2.5K, interest at 3.25% and withdrawal charge is 5% of amount withdrawn.Been having mine for 4 years and can't complain.
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Rank: Member Joined: 9/2/2010 Posts: 563 Location: Embakasi
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@Pierce can I ask which Barclaycard you have? In a place where thought is abandoned, freedom can become a curse.
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Rank: Veteran Joined: 3/16/2009 Posts: 1,464
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grolut wrote:@Pierce can I ask which Barclaycard you have? Not sure of the name (I've had the card for a while) but details as below. Annual Charge: Kshs 3,000 ATm withdrawal: 6.5% Interest on cash: 3.5%
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Rank: Member Joined: 9/2/2010 Posts: 563 Location: Embakasi
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Ah okay, it's similar to my Premier League Barclaycard: Annual Charge: 2,500/- ATM Withdrawal: 6.5% Interest: 3% In a place where thought is abandoned, freedom can become a curse.
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Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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CFC Stanbic: Annual: 2500 ATM widhdrawal:3% ATM widhdrawal International: 4% Interest:3%!!! ......and this is the cheapest you will ever get!!!! ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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McReggae wrote:CFC Stanbic:
Annual: 2500
ATM widhdrawal:3%
ATM widhdrawal International: 4%
Interest on cash:3%!!!
......and this is the cheapest you will ever get!!!! How is interest on cash calculated?  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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@Impunity, That should have read Inteest..........not on cash, collected. ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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I never thought the words CHEAP and CREDIT-CARD could be used in the same sentence! They are all damn expensive - some charge more interest that loan sharks! Ati 3% per month is cheap??? Aih - yawa!
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Rank: New-farer Joined: 6/30/2011 Posts: 81
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Pierce wrote:Hi guys,
Need some advise here.
I have been using Barclaycard for a very long time. Can't complain.
However I'm shopping around for a cheaper card, in terms of annual charge and more importantly cash withdrawal.
Barclay Card charges a spot charge of 6.5% plus an extra 3.5% (or thereabout) per month for cash withdrawal.
Any cheaper card around?? Si kuna bamba mbao, ama unatafuta credit card gani?
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Rank: Veteran Joined: 4/4/2007 Posts: 1,162
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When will they introduce an MPESA debit card that you can just swipe at the supermarket/pub/petrol station and load at MPESA outlets thro' the phone???. This is what i need.
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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majimaji wrote:
When will they introduce an MPESA debit card that you can just swipe at the supermarket/pub/petrol station and load at MPESA outlets thro' the phone???. This is what i need.
Its already there http://www.imbank.com/KE/inner.asp?cat=mpesa
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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chiaroscuro wrote:I never thought the words CHEAP and CREDIT-CARD could be used in the same sentence! They are all damn expensive - some charge more interest that loan sharks! Ati 3% per month is cheap??? Aih - yawa! Loan sharks charge upto 10% per week kijana!!! ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Rank: Member Joined: 9/2/2010 Posts: 563 Location: Embakasi
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majimaji wrote:
When will they introduce an MPESA debit card that you can just swipe at the supermarket/pub/petrol station and load at MPESA outlets thro' the phone???. This is what i need.
Iko, the I&M M-Pesa Prepaid Debit Card. I have one, I only wish it would deduct directly from your M-Pesa account instead of you having to use Pay Bill to load the card. In a place where thought is abandoned, freedom can become a curse.
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Rank: Veteran Joined: 3/16/2009 Posts: 1,464
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chiaroscuro wrote:I never thought the words CHEAP and CREDIT-CARD could be used in the same sentence! They are all damn expensive - some charge more interest that loan sharks! Ati 3% per month is cheap??? Aih - yawa! Sometimes you are faced with some urgent cash need.....where you are bound to make extra money over and above these 3%,6.something % interest etc. You therefore need the fastest 'least cost' way to access credit. Tuko sambamba?
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Rank: Veteran Joined: 10/9/2006 Posts: 1,502
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Damn it!! You are charged to having a credit card?? work to prosper
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Rank: New-farer Joined: 7/9/2012 Posts: 63
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Tokyo wrote:Damn it!! You are charged to having a credit card?? Kenya bado tuko nyuma, in some countries you can use your credit card without incurring even a dime as long as you manage it well. If a free society cannot help the many who are poor, it cannot save the few who are rich.
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