How to Obtain the Prestigious Equity Gold Credit Card
The Equity Gold Credit Card is an exclusive offering tailored for affluent individuals seeking to enhance their financial capabilities. Whether for personal or business use, this card opens doors to a realm of privileges and opportunities.
Eligibility Criteria for the Equity Gold Credit Card
High-Income Status:
To qualify for the Equity Gold Credit Card, one must demonstrate a high-income status. Currently, individuals with a monthly income exceeding Ksh 75,000 are eligible for consideration.
Stable Income History:
A proven track record of stable income is essential. This can be evidenced through employment records or documented business revenue. A consistent income history provides assurance of one’s ability to manage credit obligations.
Creditworthiness:
A favorable credit rating is imperative for approval. Evaluation of the Credit Reference Bureau (CRB) report ensures absence from default listings, determining the credit limit accordingly.
Existing Account Holder:
Priority is given to existing account holders, with loyalty often rewarded through the issuance of the Gold Card.
Advantages of Acquiring the Equity Gold Credit Card
Travel Privileges:
Ideal for frequent travelers, the card facilitates seamless transactions for hotel bookings and flight reservations worldwide, wherever Visa cards are accepted.
Convenient Purchasing:
In situations where immediate funds are unavailable or emergencies arise, the card enables hassle-free transactions, with the flexibility to settle payments at a later date.
How to Obtain the Prestigious Equity Gold Credit Card
The card serves as a valuable tool for tracking expenses, providing monthly statements detailing all transactions, aiding in budgeting and financial planning.
Flexible Payment Options:
Benefit from a 45-day interest-free period and the option to pay 20% of the outstanding balance monthly without incurring additional charges.
Exclusive Discounts:
Enjoy exclusive discounts at Visa partner outlets and on insurance purchases, enhancing savings and value for money.
Enhanced Security:
Utilizing chip-embedded technology, transactions require a secure PIN, ensuring protection against unauthorized usage.
Application Process for the Equity Gold Credit Card
Meet Eligibility Criteria:
Ensure compliance with the specified eligibility criteria to qualify for the card. Failure to meet all requirements may result in consideration for an alternative credit card.
Complete Application Form:
Obtain the application form from an Equity bank branch or website, accurately fill out the required information, and review for accuracy.
Submit Application:
Submit the completed application form to the nearest Equity bank branch for processing.
Verification and Approval:
Await verification of provided information and confirmation of eligibility by the bank.
Card Issuance:
Upon successful verification and approval, collect your Equity Gold Credit Card from the designated Equity bank branch.
Frequently Asked Questions
What are the associated fees for maintaining an Equity Gold Credit Card?
- Joining Fee: Ksh 7500
- Annual Fee: Ksh 4500
- Monthly Interest: 1.5%
- Cash Advance Fee: 6%
- Late Payment Fee: 6%
- Card Replacement Fee (in case of loss): Ksh 1500
- Supplementary Card Fee: Ksh 3500
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