list of Banks in Nigeria that offer credit cards

Do you want to enjoy a new world of exclusive, personalised privileges. seamlessly with exceptional service and  personalized privileges of credit card to borrow funds with which to pay for goods and services with merchants that accept cards for payment?

A lot of processes go on during a credit card transaction. When you swipe your credit card to make a purchase, the merchant’s card terminal asks your credit card issuer whether the card is valid and if you have enough available credit.The cardholders pay back the borrowed money, plus any applicable interest, as well as any additional agreed-upon charges, either in full by the billing date or over time

This article is designed to provide lists of banks in Nigeria that offer credit card,Eligibility & Documents,  limits , requirements and types of credit card

What Is a Credit Card?

This is a card issued by a financial institution, typically a bank, and it enables the cardholder to borrow funds from that institution.Cardholders agree to pay the money back with interest, according to the institution’s terms.

It comes pre-loaded with an approved credit limit by the bank for making purchases (POS, ATM withdrawal, ecommerce etc). The spend from your credit card is required to be paid back later at the frequency agreed with the card issuer at the point of issuance. Most credit card usage earn you reward points and helps in building your credit profile.

Read: Line of Credit vs Loan and Home Equity: what is the different

Is Credit Card the same as Debit/ATM card?

A Credit Card is different from a Debit / ATM card.A Credit Card is pre-funded with an approved credit limit and it allows you to make payments and withdraw cash from ATM whereas, a Debit/ATM card allow you to make payments and withdraw cash from ATM by debiting funds directly from your bank account.

What is my Credit Card limit?

Your Credit Card limit is the maximum amount which is made available on your credit card for your use. This limit is pre-approved based on your income and satisfactory credit bureau report.

List of banks in Nigeria that offer Credit card

1. Standard Chartered bank

With Standard Chartered credit card, you can borrow funds to make purchases in stores or online and pay back the borrowed money, plus any applicable interest at given time frame.when you Apply for a Credit Card you can earn cashback and also enjoy a higher limit

There are 2 different types of credit cards offered by  Standard Chartered Bank

1. Standard Chartered bank Visa Gold Credit Card : you can earn 5% cashback on dining and it’s accepted by 23M merchant points and online globally. Your Gold credit card comes in NGN.Repayments are made in your local currency using cash or cheque at branches.

You are to pay as little as 1% of the total spend or ₦5,000*(outstanding amount) plus any (interest, fees, charges and over-limit amount) whichever is higher each month.

Also read: What is difference Between A Credit Card and Debit Card

Application Eligibility Standard Chartered bank Visa Gold Credit Card

Nigerians

1.Age: From 21- 65 years
2. Min. credit Limit ₦30,000; Max credit limit ₦749,999
3. Minimum salary ₦30,000 for corporate organisation employees and government employees

Residents & Non Nigerians

1. Age: From 21- 65 years
2. Min. credit Limit ₦30,000; Max credit limit ₦749,999
3. Minimum salary ₦30,000 for corporate organisation employees and government employees

2. Standard Chartered bank Visa Platinum Credit Card : You can earn 5% cashback on dining and it’s accepted by 23M merchant points and online globally.Your Platinum credit card comes in NGN. Repayments are made in your local currency using cash or cheque at branches.

You have Option to pay as little as 1% of the total spend or ₦5,000*(outstanding amount) plus any (interest, fees, charges and over-limit amount) whichever is higher each month.

Nigerians Residents & Non Nigerians Application Eligibility

Nigerians Residents

1.You must have your salary account with Standard Chartered Bank Nigeria
2.You must have good credit bureau history
3.Minimum salary ₦30,000 for corporate organization employees and government employees
4. Age requirement: Must be above 21 years old

Non Nigerians Residents

1.You must have your salary account with Standard Chartered Bank Nigeria
2. You must have good credit bureau history
3.Minimum salary ₦30,000 for corporate organization employees and government employees
4.Age requirement: Must be above 21 years old

Read: How to apply for capital one credit card and get approval

 

2. First City Monument Bank credit card

With the FCMB Visa Credit Card, you can enjoy life without boundaries. Pay for anything, anytime, anywhere. the credit card come with 3% interest rate per month,

FCMB offer “CLASSIC” credit card and “GOLD” credit card….. the “CLASSIC” credit card is available to ,Civil Servants, Engineers, Bank Workers, etc. while “GOLD” credit card is available to Oil Workers, Multinationals, Business Owners, etc

FCMB Visa Credit Card Features

FCMB CLASSIC Credit Card

1.No Initial card issuance fee
2.Card will be renewed automatically after expiry date
3.Opportunity to spend in any currency worldwide and settle in Naira
4.Credit Limit of up to N999,999.99
5. NO online transaction fee

FCMB Gold credit card

1.No Initial card issuance fee
2.Card will be renewed automatically after expiry date
3.Opportunity to spend in any currency worldwide and settle in Naira
4.Credit Limit of up to N3,500,000
5.NO online transaction fee

Benefits
“CLASSIC”

1.Concierge Service
2.Travel Accident Insurance
3.24 hours customer service
4.Emergency Cash Advance
5.Emergency temporary card replacement

“GOLD”
1.Concierge Service
2.Travel Accident Insurance
3.24 hours customer service
4.Emergency Cash Advance
5.Emergency temporary card replacement
6.15% additional discount off rate on Hotel Club
7.24 hours medical & legal services when abroad

Also read: Chase Credit Card: How to apply and get approval fast

 

3. First Bank credit card

With First bank credit card is right for you and enjoy an array of attractive rewards. the bank offer customer with different card namely: Visa Infinite,Naira Credit Card,Visa Gold and VISA Gold Cash Back Campaign

. FirstBank Visa Infinite

This is the highest card in the Visa range of card products targeted at the top 1% to 5% of the bank’s customers. It also offers access to the finest things in life no matter where the cardholder is by offering an extraordinary selection of distinctive travel, dining, shopping and lifestyle opportunities.

Target Market?

1. Owners/ MDs of organisations and conglomerates that meet the minimum qualifying criteria
2.High Net Worth Individuals
3.Ultra-high net worth individuals

Daily usage limits for First Bank Visa Infinite card?

1.ATM cash withdrawals – $1,000 (total frequency – 5 times)
2.Purchases (POS) – $25,000 (total frequency – 20 times)
3.Purchases (Internet) – $25,000 (total frequency – 5 times

. FirstBank Naira Credit Card (NCC)

This is an international credit card that provides an evolving credit line and offers up to 45 interest-free days on utilised funds.It’s accepted for payment at over 29 million locations and for cash withdrawals at over 1.8 million ATMs in over 200 countries and territories worldwide.

.FirstBank Visa Gold Card
This is an international premium credit card issued in partnership with Visa International.it is a US Dollars denominated card and secured by chip and PIN technology.

First bank VISA Gold Cash Back Campaign

You can now get cash back when you transact with your Visa Gold Credit Card when you used your Visa Card in the last six months.

 

4. UBA credit card

With UBA Credit Card Life just got more rewarding you can also Enjoy seamless transaction opportunities and access to other numerous services. your UBA Credit Card has got you covered. Available in Nigeria.

You can get the UBA Naira credit card if you’re a customer who has been using a UBA salary account for a minimum of 3 months.

 

5. Zenith Bank credit card

Zenith bank offers a range of Classic, Gold, and Platinum Credit Cards that meets your lifestyle needs and helps you manage your payments at your convenience.

. Zenith bank Classic Credit:

This type of credit Card is the ideal choice for those looking for the flexibility, convenience, and worldwide acceptance that credit cards offer. What’s more, you also get the added security that comes with every Zenith Visa or MasterCard Credit Card.

.Zenith Gold credit card

This brings superior spending power and is designed to give you real peace of mind and make life easier. Beyond benefiting from higher spending limits, Zenith Bank Gold Cardholders enjoy a set of assistance to help make life more secure and enjoyable, also it provides special discounts, offers, and promotions to enhance and add priceless moments to everyday experiences.

.Zenith Bank MasterCard Platinum

This is an ideal credit card for people who live busy and fulfilled lives, ensuring that they have the flexibility and support they need to turn daily occurrences into priceless and memorable moments.

 

6.Gtbank Dollar Credit Cards

This gives you the Step into a world of new possibilities with gtbank Dollar Credit Cards. The bank offers GTBank Visa Classic Credit Card and GTBank Standard Credit MasterCard both are denominated in US Dollars, but can also be used to settle purchases in other major currencies. It provides more flexibility than the Debit MasterCard variant.

Gtbank also offer World MasterCard which carefully designed to empower, provide privileged access, memorable experiences and peace of mind to its holders.The GTBank World MasterCard is a premium dollar card product that provides exclusive privileges and preferential treatment, allowing World MasterCard holders to experience the very best the card has to offer as they move across the world with ease.

7. Stanbic IBTC Bank credit card

Stanbic IBTC Bank provide you with access to secure funds and as a selection of travel, shopping, dining and lifestyle opportunities with different kind of credit card a followed:

1.Visa Infinite US Dollar Credit Card
2.Visa Infinite Naira Credit Card
3.Corporate Credit Card – Dollar
4.Visa Platinum US Dollar Credit Card
5.Visa Platinum Naira Credit Card
6.Visa Gold Naira Credit Card
7. Visa Silver Naira Credit Card
8.Visa Gold Dollar Credit Card

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