Premier Bank Kenya offers Merchant Business Cards designed specifically to meet the needs of businesses, providing seamless access to funds, efficient expense management, and exclusive benefits. These cards are tailored for merchants to enhance their operational efficiency and financial control while aligning with global standards.
Card Offerings for Merchants
Premier Merchant Debit Card
A card that provides direct access to your business account for managing day-to-day transactions with ease.
Requirements:
- Business account with Premier Bank Kenya.
- Valid identification for authorized signatories.
- KRA PIN for the business.
Benefits:
Direct Account Access: Withdraw or pay directly from your business account.
Secure Transactions: Advanced chip and PIN technology ensures secure payments.
Multi-Currency Support: Ideal for international merchants handling diverse currencies.
Expense Management: Monitor and manage business expenses with real-time notifications.
Premier Merchant Credit Card
A credit card designed to provide working capital flexibility, helping merchants manage cash flow effectively.
Requirements:
- Completed credit card application form.
- Business financial statements for the last six months.
- Valid business registration documents.
Benefits:
Flexible Payment Terms: Enjoy interest-free periods on purchases (up to a specified period).
Rewards Program: Earn points for every transaction and redeem for exclusive benefits.
Higher Limits: Tailored credit limits based on business turnover and needs.
Worldwide Acceptance: Accepted globally for online and in-store payments.
Premier Merchant Prepaid Card
A reloadable card that helps businesses manage staff allowances, petty cash, and controlled expenses.
Requirements:
- Controlled Spending: Preload funds to maintain budgetary control.
- Multiple Uses: Ideal for travel expenses, staff allowances, and vendor payments.
- No Overdraft Risk: Spend only what is preloaded.
- Reload Flexibility: Top-up anytime via Premier Bank’s online banking platform.
Benefits:
- Business registration documents.
- Approved merchant account with Premier Bank Kenya.
- Identification of authorized cardholders.
Premier Merchant Virtual Card
A secure virtual card for online business transactions, offering enhanced security for e-commerce and digital payments.
Requirements:
- Existing merchant account with Premier Bank Kenya.
- Activation through the Premier Bank online platform.
- Compliance with the bank's merchant card policy.
Benefits:
Enhanced Security: No physical card ensures reduced risk of theft or misuse.
Instant Issuance: Generate virtual cards instantly for one-time or recurring use.
Custom Limits: Set specific spending limits for better control.
Global Usability: Ideal for international transactions and vendor payments.
General Features and Benefits Across All Cards
How to Apply for a Merchant Business Card
General Features and Benefits Across All Cards
- Real-Time Transaction Alerts: Stay informed of all card activities.
- Integrated Digital Access: Manage cards through Premier Bank’s mobile and online banking.
- Global Reach: Accepted at millions of merchants worldwide, both online and offline.
- Dedicated Support: 24/7 customer service to address any queries or issues.
- Business Insights: Access detailed reports for better financial planning and expense tracking.
How to Apply for a Merchant Business Card
Contact Your Relationship Manager:
Discuss your business needs to choose the most suitable card.
Submit Required Documents:
- Business registration documents.
- Identification of authorized signatories.
- Financial records (as applicable).
Card Issuance:
Receive your card and set up PINs or digital access for secure usage.
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