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Transform Your Business with the VM Visa Platinum Business Credit Card!

Take control of your cash flow and streamline your expenses with a card designed to meet your needs.

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Your All-in-One Business Solution

Whether you’re investing in new opportunities, managing day-to-day expenses, or enhancing your digital capabilities, our card helps you move beyond cash and unlock new possibilities. Experience the power of tailored benefits that drive your business forward. 

Manage and Grow with Ease

Whether you’re investing in new opportunities, managing day-to-day expenses, or enhancing your digital capabilities, our card helps you move beyond cash and unlock new possibilities. Experience the power of tailored benefits that drive your business forward. 

Security and Convenience

Tap and go with your card. Fast, secure payments. Replacement in 24 hours, anywhere.

Enhanced Travel Experience

Enjoy VIP hotel perks, stay safe with travel insurance, and access medical care worldwide.

Peace of Mind

Auto Rental Insurance: Coverage for accidental damages on rentals up to 31 days.

Interest
Rate

30% for purchases, 32% for cash advances, and a low annual fee.

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Earn on Every
Purchase

Unlimited cash back locally, bonus cash back internationally. Reward your business spending.

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Comprehensive Business Solutions with Visa Spend Clarity

Streamline accounting with digital tools. Save time and money.

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Exclusive Benefits and Rewards Just For You

Enjoy exclusivity with VM Visa Platinum Business credit cards. Tap and Go with Chip and PIN technology to make contactless payments.

  • Travel in Confidence with Visa Airport Companion *

Enjoy access to lounges, restaurant and retail discounts, private Wi-Fi networks, and FOUR ( 4 ) FREE airport lounge visits per year.

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  • Peace of Mind for Your Business Purchases *

Protect your investments with extended warranty, price, and purchase protection. Enjoy added security and financial peace of mind for your business.

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  • Empower Your Business with Added Flexibility *

Expand your business reach, add authorized users, and unlock maximum benefits. Take control and grow your business with ease.

Add an Additional Credit Cardholder
  • Contactless
    Payments

Tap and Go with Chip and PIN technology for fast, secure, and convenient contactless payments. Enjoy the ease of modern transactions.

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  • Emergency Card Replacement and Cash Disbursement *

Get an emergency replacement card or emergency cash disbursement. This service ensures you’re never left stranded when travelling.

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  • Visa Luxury
    Benefits *

Enjoy VIP treatment at luxury hotels, travel accident insurance, auto rental coverage, and international emergency medical services with Visa

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* Terms and Conditions apply.

  • Travel Accident
    Insurance

Coverage of up to USD500,000 against accidental injuries.

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  • Auto Rental
    Insurance

Coverage for accidental damages on rentals up to 31 days.

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  • International Emergency Medical Services

Coverage up to USD50,000 for medical emergencies and USD100,000 for transportation and accommodation.

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Requirements

Audited financial statement or in-house financial statement

Last two ( 2 ) years audited financial statement or two ( 2 ) years in-house financial statement

Bank statements

Last two (2) years bank statements

Certified Document Copies
  • Business Registration Certificate/Certificate of Incorporation
  • Memorandum & Articles of Association
  • Business Tax Registration Number (TRN)
  • Tax Compliance Certificate
  • Certificate of Good Standing
  • Borrowing Resolution Declaration
Government ID

(Passport, Driver’s License, National/Voters) & TRN for each Director/Partner/Cardholder/Business Administrators

COJ letter

For a limited liability company, a current Letter of Good Standing from the Companies Office of Jamaica (COJ).

Additional documents

Any other documentation deemed appropriate for account opening and risk assessment.

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Resources

Business Resources

1.  Last two (2) years of audited financial statements or the last 2 years of in-house prepared financial statements.

2.   Bank statements for the last 2 years.

3. Certified copies of:

a.      Business Registration Certificate/Certificate of Incorporation

b.      Memorandum & Articles of Association

c.      Business Tax Registration Number (TRN)

d.      Tax Compliance Certificate

e.      Certificate of Good Standing

f.        Borrowing Resolution Declaration

4.   Valid Tax Compliance Certificate (TCC).

5.   For a limited liability company, a current Letter of Good Standing from the Companies Office of Jamaica (COJ).

6.   Any other documentation deemed

Resources

Frequently Asked Questions

The VM Visa Platinum Business Credit Card is a premium business card designed for MSMEs to streamline operational costs, manage cash flows efficiently, and enjoy robust travel benefits.

You can apply by visiting any VM branch, exploring our business-centric website at https://mycreditcardapplication.myvmgroup.com/ or contacting the VM Member Engagement Centre.

  • Key benefits include:
    Contactless payments
  • Visa Airport Companion with four complimentary lounge visits per year
  • Auto Rental Insurance
  • Emergency Card Replacement and Cash Disbursement Services
  • International Emergency Medical Services
  • Travel Accident Insurance
  • Extended Warranty, Price Protection, and Purchase Protection
  • Visa Digital Concierge and Visa Luxury Hotel Collection
  • Reward points on governmental and non-governmental transactions, both locally and internationally.

  • Earn 1 point for every $6 spent on governmental transactions, 1 point per USD spent on local non-governmental transactions, and 1.5 points per USD spent on international transactions. Points can be redeemed as statement credits annually.

Activate your card by visiting https://activatemycard.myvmgroup.com and following the provided instructions.

Q: What security features are available with the card? A: The card features Chip and PIN technology, contactless payments, and robust security against unauthorised transactions. Additionally, VM offers fraud and security alerts, including tips for safeguarding your PIN and online shopping safety.

Travel benefits include:

  • Visa Airport Companion with access to over 1000 lounges and restaurants worldwide.
  • Auto Rental Insurance covers accidental damages to rental cars.
  • Emergency Card Replacement and Cash Disbursement Services.
  • International Emergency Medical Services cover up to USD 50,000 per beneficiary.
  • Travel Accident Insurance covering up to USD 500,000.

Download the “Visa Airport Companion” app from Google Play or the App Store, register, and accept its terms and conditions.

Extended Warranty coverage extends the original manufacturer warranty for up to one year on items purchased in full with your eligible Visa card, with coverage up to USD 5,000 per incident.

Price Protection provides coverage if you find the same item for a lower price within thirty days of purchase. Coverage is up to USD 500 per item, with a maximum of USD 2,000 per account per year.

Purchase Protection covers theft or accidental damage to items purchased in full with your eligible Visa card within 180 days of purchase, up to USD 5,000 per event and USD 25,000 per account per year.

Visa Spend Clarity for Business is a spend management tool that helps MSMEs optimise cash flow, reduce administrative hassles, and gain valuable spending insights. It includes features like spend category customization, real-time alerts, and integration with accounting programs.

Current promotions include:

  • No Annual Fees and Introductory Interest Rate Promotions from July to October.
  • Business Platinum Boost contest from October to December with prizes for business growth opportunities.

Stay updated through our website, email campaigns, and social media channels.

You can contact the VM Member Engagement Centre via online chat at www.myvmgroup.com, or call toll-free from Jamaica at 888-YES-VMBS (937-8627), from the USA/Canada at 1-866-967-VMBS (8627), and from the UK at 0-800-068-VMBS (8627).

For Visa assistance, call 1-800-396-9665 from the USA/Canada or 1-303-967-1098 from outside the USA/Canada.

Interest Rates

Interest rate of 30% for purchases, 32% for cash advances, and a low annual fee.

Earn on Every Purchase

Reward your business spending with Unlimited Cash Back on local purchases and Bonus Cash Back on international purchases.

Comprehensive Business Solutions with Visa Spend Clarity

Access easy-to-use tools that integrate with your current accounting system. Plus, save time and money with innovative digital tools like virtual cards, digital receipt capture, reconciliation, and more.

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Elevate Your Business with Centribal

Access a platform that delivers complimentary technological support, digital security, and sustainability services tailored for businesses of all sizes.

Explore the possibilities

Travel in Confidence with Visa Airport Companion

Get FOUR (4) airport lounge visits per year. Enjoy access to lounges, restaurant and retail discounts, private Wi-Fi networks, and transportation services.

Learn More

Shield Your Business Investments

Secure Your Business Purchases with Extended Warranty, Price and Purchase Protection

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Empower Your Business

Expand your business power, add an authorised user, and maximise benefits.

Add a Supplementary

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* Terms and Conditions apply
**Fee waivers, view the Credit Card Schedule of Fees and Charges for Members

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Forms Required for Opening a Corporation Account

Standard KYC internal forms listed below must be completed:

  • Business Information and Account Application Form.
  • Account Signing Authority Forms.
  • Member Information Forms (MIF).
  • Reference Forms (if signing officer is unable to provide telephone references).
  • Address Verification Forms (if signing officer is unable to provide another form of proof of address).
  • Income Statement and Questionnaire for Self-employed (as applicable).
  • Electronic Communication Indemnity Forms (if email address is provided).
  • FATCA and CRS Self-Certification Forms.
  • Signature Cards.
  • Bearer Indemnity Form (as applicable)

Documents Required for Opening a Sole Trader Account

  1. Valid Certificate of Registration of Business Name.
  2. Taxpayer ID e.g. Tax Registration Number for business.
  3. Proof of earnings/funds for the business i.e. current financial statements (audited or in-house). Where the sole trader is in business over 2 years, with an annual income above $15 million, a Financial Statement by a registered public accountant is required. Where the sole trader earns above $425 million per annum and in business over 2 years, audited financials are required.
  4. Valid Tax Compliance Certificate (TCC).
  5. Valid License or Certificate to operate the business (where the main line of business is one that falls within the purview of a regulatory body)
  6. Letter of Good Standing.

Forms Required for Opening a Sole Trader Account

  • Business Information and Account Application Form.
  • Account Signing Authority Form.
  • Member Information Form (MIF).
  • Reference Forms (if signing officer is unable to provide telephone references).
  • Address Verification Form (if signing officer is unable to provide another form of proof of address).
  • Income Statement and Questionnaire for Self-employed (as applicable).
  • Electronic Communication Indemnity Form (if email address is provided).
  • FATCA and CRS Self-Certification Form.
  • Signature Card.
  • Bearer Indemnity Form (as applicable)

Alternative Documents for Opening a Sole Trader Account

Where the business owner is self-employed and financial statements are not presented, the Income Statement and Questionnaire for Self-Employed Form must be completed along with any TWO of the following documents HERE.

  • Where the business owner is self-employed and financial statements are not presented, the Income Statement and Questionnaire for Self-Employed Form must be completed along with any TWO of the following provided:
  • Cash flow projections for the next two (2) years.
  • Reference letter from another bank, copy of bank statement or passbook. 
  • Purchase order from two main customers (issued within two months of the date of application).
  • Receipt for supplies purchased for the business.
  • Import licenses, invoices for goods or services sold within the last three months.
  • Written customer testimonial from two main customers.
  • Copy of any government-issued permit or license (e.g., food handlers permit, vending permit, taxi permit, etc.).
  • Proof of membership in area of trade or professional association (e.g., letter from the President, Treasurer or Secretary).
  • PayPal, other online earning platforms, and contract agreement on company letterhead for contracted persons, etc.

Documents Required for Opening a Small Business Account

  1. Valid Certificate of Registration of Business Name.
  2. Taxpayer ID e.g. Tax Registration Number for business.
  3. Proof of earnings/funds for the business i.e. current financial statements (audited or in-house). Where the sole trader is in business over 2 years, with an annual income above $15 million, a Financial Statement by a registered public accountant is required. Where the sole trader earns above $425 million per annum and in business over 2 years, audited financials are required.
  4. Valid Tax Compliance Certificate (TCC).
  5. Valid License or Certificate to operate the business (where the main line of business is one that falls within the purview of a regulatory body)
  6. Letter of Good Standing.

Forms Required for Opening a Small Business Account

Standard KYC internal forms listed below must be completed:

  • Business Information and Account Application Form.
  • Account Signing Authority Forms.
  • Member Information Forms (MIF).
  • Reference Forms (if signing officer is unable to provide telephone references).
  • Address Verification Forms (if signing officer is unable to provide another form of proof of address).
  • Income Statement and Questionnaire for Self-employed (as applicable).
  • Electronic Communication Indemnity Forms (if email address is provided).
  • FATCA and CRS Self-Certification Forms.
  • Signature Cards.
  • Bearer Indemnity Form (as applicable)

Additional Documents for Opening a Partnership Account

Partnerships must also submit the following documents:

  • Partnership Agreement/Deed (as applicable).
  • Statement from managing partners giving names and addresses of officers and partners.

Documents Required for Opening a Corporation Account

  1. Certificate of Incorporation or Certificate of Registration.
  2. Articles of Incorporation.
  3. Articles and Memorandum of Association.
  4. Directors’ Resolution.
  5. Taxpayer ID e.g. Tax Registration Number for business.
  6. Valid Tax Compliance Certificate (TCC)
  7. Proof of earnings/funds for the business i.e. current financial statements (audited).
  8. Valid License or Certificate to operate the business (where the main line of business is one that falls within the purview of a regulatory body)
  9. List of signing officers and specimen signatures for each
  10. Confirmation/Notice of Director and Secretary.
  11. Name, Address and telephone number of directors and Beneficial Shareholders.
  12. ID and TRN for majority shareholders, directors and authorized signing officers
  13. Certificate of Good Standing. (This should be from the relevant regulatory authority).
  14. Group structure (if part of a Group)

Additional Documents for Opening a Corporation Account

Partnerships must also submit the following documents:

  • Partnership Agreement/Deed (as applicable).
  • Statement from managing partners giving names and addresses of officers and partners.

Documents Required for Opening a Public Entities Account

 

  1. Copy of the Trust Deed and Rules

  2. Organization Tax ID Number (TIN)  (if available)

  3. Tax exemption from TAJ (where applicable)

  4. All trustees must sign all documents/authorities unless we have written instructions stating how many persons can execute transactions/instructions

  5. Trustee ratification to open account with VMBS

  6. List of Authorized Signers and specimen signatures

  7. Name, address and telephone number of Directors and Majority Shareholders on the account

  8. ID & TRN for directors, majority Shareholders and authorized signers on the account.

  9. SSN is to be declared for US persons for FATCA purposes

  10. Proof of Address for Trustee, authorized signatories, and Directors

  11. Source of Funds information – confirmation of source of funds being used to open the account as well as source of future investments or deposits.

Documents Required for Opening a Club or Civic Association Account

  1. Rules or Charter of Club or Association.
  2. Resolution from the executive authorizing the opening of the account.
  3. Minutes of meeting.
  4. Taxpayer ID e.g., Tax Registration Number for Clubs and Associations, or Statutory Declaration (see Clubs and Associations Account Application Form).

Forms Required for Opening a Small Business Account

  • Clubs and Associations Account Application Form.
  • Account Signing Authority Forms.
  • Member Information Forms (MIF).
  • Reference Forms (if signing officer is unable to provide telephone references).
  • Address Verification Forms (if signing officer is unable to provide another form of proof of address).
  • Income Statement and Questionnaire for Self- employed (as applicable).
  • Electronic Communication Indemnity Forms (if email address is provided).
  • FATCA and CRS Self-Certification Forms.
  • Signature Cards.
  • Bearer Indemnity Form (as applicable)

 

*Note: Where the club or association is not required to have a Taxpayer Identification Number and has presented their charter, the Statutory Declaration section should be completed on the Clubs and Associations Account Application Form.

Documents Required for Opening a Church Account

  1. Rules or Charter of Club or Association.
  2. Resolution from the executive authorizing the opening of the account.
  3. Minutes of meeting.
  4. Taxpayer ID e.g., Tax Registration Number for Clubs and Associations, or Statutory Declaration (see Clubs and Associations Account Application Form).

Documents Required for Opening a Charity Account

  1. Name of the Charity – as registered with the Companies Office and the Department of Cooperatives and Friendly Societies
  2. Copy of approval from the Ministry of Finance that the organization has been granted status as a charity
  3. Articles of Incorporation
  4. Organization Tax ID Number (TIN)  (if available)
  5. Name, address and telephone number of Directors and Majority Shareholder on the account
  6. ID & TIN for directors, majority Shareholders and authorized signers on the account.
  7. SSN is to be declared for US persons for FATCA purposes
  8. Proof of Address for the organization, authorized signers and Directors
  9. Source of Funds information – confirmation of source of funds being used to open the account as well as source of future investments or deposits

Documents Required for Opening a Government School Account

  1. Resolution from the school’s Board of Management – authorizing the establishment of the business relationship and relevant signing instructions on account
  2. The Scheme for public educational institution (contains constitution, powers and duties of the Board)
  3. Organization Tax ID Number (TIN) (if available)
  4. Tax Compliance Certification (TCC) (if available)
  5. List of Authorized Signers and specimen signatures
  6. Name, address and telephone number of Directors and Majority Shareholder on the account
  7. ID & TIN for directors, majority Shareholders and authorized signers on the account.
  8. SSN is to be declared for US persons for FATCA purposes
  9. Proof of Address for the school, authorized signers and Directors
  10. Source of Funds information – confirmation of source of funds being used to open the account as well as source of future investments or deposits.

Documents Required for Opening a Private School Account

  1. Documents evidencing that the independent school is registered (from the Ministry of Education)
  2. If the school is incorporated – Documents required for a company should be presented
  3. If not incorporated – indicate the legal entity or the proprietor of the school. (Proprietor of the school is listed in the application for the registration as an independent school).
  4. Resolution from the school’s Board of Management – authorizing the establishment of the business relationship and relevant signing instructions on account
  5. Organization Tax ID Number (TIN) (if available)
  6. Tax Compliance Certification (TCC)
  7. List of Authorized Signers and specimen signatures
  8. Name, address and telephone number of Directors and Majority Shareholder on the account
  9. ID & TIN for directors, majority Shareholders and authorized signers on the account.
  10. SSN is to be declared for US persons for FATCA purposes
  11. Proof of Address for the school, authorized signatories, and Directors
  12. Source of Funds information – confirmation

Documents Required for Opening a Public Entities Account

  1. Letter from Ministry of Finance – authorizing the establishment of the business relationship
  2. Tax Compliance Certification (TCC) (if available), if entity does not pay tax, letter from MOF stating same.
  3. Organization Tax ID Number (TIN) (if available)
  4. Statute governing the formation of the entity
  5. List of Authorized Signers and specimen signatures
  6. Name, address and telephone number of Directors and Majority Shareholder on the account
  7. ID & TIN for directors, majority Shareholders and authorized signers on the account.
  8. SSN is to be declared for US persons for FATCA purposes
  9. Proof of Address for the public body
  10. Source of Funds information – confirmation of source of funds being used to open the account as well as the source of future investments or deposits.
  11. Audited Financials

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