Credit Cards in Nigeria.

Credit Cards in Nigeria.

Compare credit cards in Nigeria

Find a credit card that best suits your needs. Compare interest rates, balance transfer rates, annual fees and more from Nigeria’s leading banks. – Data last updated on 6 Jul 2019

Stanbic IBTC Visa Platinum Naira Credit Card

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  • Exclusive benefits at over 900 hotels around the world.
  • Interest Rate: 2.5%
  • Interest Free Days : 55
 
 

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Product name CardAnnual FeePurchase RateCard LimitLate Payment FeeFeaturesGo to Site
credit cards in Nigeria
First Bank Visa Infinite
$202.5% flat (Outstanding Balance)$15,000 minimum (unless a higher limit is requested by the prospective cardholder)0.25% flat per month

  • Interest free period of up to 45 days  

  • Access to unique privileges and experiences, including international concierge and premium insurance services

  • Flexible repayment – Minimum repayment of 15% of the total monthly outstanding.

  • Maximum facility tenor of 36 months

  • Billing cycle of 30 days

  • Collateral: 120% of credit limit on USD, GBP or EURO Fixed Deposit Account in the bank, with a lien placed on it throughout the tenor of the card

  • Minimum operating Balance of $100

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credit cards in Nigeria
First Bank Naira Credit Card
₦6002.50%N1,000,000

  • Free online account management

  • Free email and/or sms alerts

  • Highly secure with Verified by Visa (

  • Flexible repayment: Full or Minimum (15% of outstanding indebtedness) repayment options

  • Interest- free period of up to 45 days

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credit cards in Nigeria
First Bank Visa Gold
$20ATM cash withdrawals – $1,000 (total frequency – 5 times)
Purchases (POS) – $10,000 (total frequency – 20 times)
Purchases (Internet) – $5,000 (total frequency – 5 times)
POS Cash Advance (Branch) – $5,000
POS Cash Advance (Merchant) – $5,000

  • Daily spend limit on ATM ($1,000) , POS ($10,000) and WEB ($5,000)

  • Access to international emergency services with your Visa Gold card

  • International Credit Card Capabilities.

  • Card Protection to activate or deactivate cards for all types of transaction.

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Stanbic IBTC Visa Corporate US Dollar Credit Card
$302.5% per month*Daily ATM – $1,000
*Daily POS – $10,000
*Daily web – $10,000
$12.50

  • Enhanced data services

  • Detailed reporting and analysis

  • Denominated in US Dollar and linked to a US Dollar account for repayment.

  • Online protection for your web transactions with Verified by Visa®

  • 3 year card validity

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credit cards in Nigeria
Stanbic IBTC Visa Infinite Naira Credit Card
Management Fee (annual) : 1% of card's credit limit

Commitment fee (annual): 1% of card's credit limit
2.50%Local ATM withdrawals: N400 000
Local POS transactions: N4 000 000
Web transactions: N1 600 000
(or the equivalent in the currency of the country you are transacting in)
₦2,000

  • Up to 55 days of interest free purchases.

  • Denominated in Naira and linked to a Naira account for repayment.

  • Free medical and legal referral during international travels.

  • Exclusive personal concierge service 24 hours a day, 7 days a week from anywhere in the world.

  • Exclusive benefits at over 900 luxury hotels around the world.

  • Discount on personal fast-track services at over 380 international airports.

  • A dedicated lifestyle manager to guide you to an optimal experience with your Visa Infinite Card.

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credit cards in Nigeria
Stanbic IBTC Visa Gold Naira Credit Card
N3,1502.50%Daily local ATM withdrawals – N200,000
Daily international ATM withdrawals - $300
Daily POS transactions – N1,000,000
Daily web transactions – N1,000,000
Total annual international transactions - $50,000
₦2,000

  • Up to 55 days of interest free purchases.

  • Free medical and legal referral during international travels

  • Entitled to an additional 15% off all existing HotelClub offers.

  • Entitled to hundreds of discounts and offers exclusively in top travel destinations

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credit cards in Nigeria
Stanbic IBTC Visa Platinum Naira Credit Card
N3,1502.50%Daily local ATM withdrawals – N320,000
Daily Local POS – N1,120,000
Daily Local online – N2,400,000
Daily international ATM withdrawals - $100

Daily international POS and online - $200
₦2,000

  • Up to 55 days of interest free purchases.

  • Free medical and legal referral during international travels

  • Extended warranty and purchase protection

  • Discount on personal fast track services at over 380 international airports

  • Exclusive benefits at over 900 hotels around the world

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credit cards in Nigeria
GTBank World MasterCard
ATM Withdrawal: 1000 USD (or equivalent in the local currency of transaction)*
POS / Online: No limit
Annual Spend Limit: No limit
Personalized relationship management - Cardholders have access to a Lifestyle Manager.
Travel & Medical Insurance
Complimentary access  to a minimum Over 800 Lounge-Key airport lounges.
MasterCard Global Service - 24-hour service to provide emergency assistance by telephone.
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credit cards in Nigeria
GTBank Visa Classic Credit Card
$3.50ATM Withdrawal : $1,000 USD (or equivalent in the local currency of transaction)*
POS / Online : No limit
Annual Spend Limit : No limit

  • Pay for goods and services at millions of Visa locations worldwide (hotels, supermarkets, etc) in over 210 countries

  • Convenience - Your GTBank Visa Card is an invaluable tool, especially when making your Airline and Hotel reservations.

  • Affordability - The GTBank Debit Visa Card can be issued with a minimum of N1,000

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credit cards in Nigeria
GTBank Standard Credit MasterCard
ATM Withdrawal: $1,000 USD (or equivalent in the local currency of transaction)
POS / Online: No limit
Annual Spend Limit: No limit

  • 24/7 access to your funds.

  • Secure and affordable

  • World-wide acceptance

  • No transaction limits

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credit cards in Nigeria
Standard Chartered VISA Gold Credit Card

  • Interest-free credit for up to a maximum of 50 days

  • Purchase Protection Cover

  • Your Standard Chartered Credit Card is welcomed in more than 23 million establishments, in more than 200 countries.

  • As a Standard Chartered Gold Cardholder, you can issue up to five supplementary cards to your loved ones.

  • Amazing discounts and offers with selected Merchant Partners throughout Lagos.

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credit cards in Nigeria
Standard Chartered VISA Platinum Credit Card

  • Interest-free credit for up to a maximum of 50 days

  • Purchase Protection Cover

  • Can be used in more than 23 million establishments, in more than 200 countries.

  • Issue up to five supplementary cards to your loved ones.

  • Amazing discounts and offers with selected Merchant Partners throughout Lagos.

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credit cards in Nigeria
FCMB Visa Credit Card "CLASSIC"
₦6003%N999,999.99₦2,000

  • Up to 40 days Interest Free Period

  • Concierge Service

  • Travel Accident Insurance

  • 24 hours customer service

  • Emergency Cash Advance

  • Emergency temporary card replacement

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credit cards in Nigeria
FCMB Visa Credit Card "GOLD"
₦600N3,500,000₦2,000

  • Up to 40 days Interest Free Period

  • Concierge Service

  • Travel Accident Insurance

  • 24 hours customer service

  • Emergency Cash Advance

  • Emergency temporary card replacement

  • 15% additional discount off rate on Hotel Club

  • 24 hours medical & legal services when abroad

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credit cards in Nigeria
Fidelity Classic Credit Card
No Annual fees2.50%

  • Up to 45 days interest free period on purchases done on POS and online

  • Convenient minimum monthly auto-repayments

  • Valid for 3 years

  • Verified by Visa (VbyV) secure for extra protection online

  • Multi-currency options available

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credit cards in Nigeria
Fidelity Gold Credit Card
No Annual fees2.50%ATM withdrawals: 8 times daily with a cumulative transaction limit of ₦150,000
POS/ Web: 20 times daily with a cumulative spend limit of ₦1,000,000
₦2,000

  • Up to 45 days interest free period on purchases done on POS and online

  • Convenient minimum monthly auto-repayments

  • Valid for 3 years

  • Multi-currency options available

  • Enjoy exclusive discounts at 5 Star hotels in over 130 countries

  • 24 hour medical and legal referral service for you and your family during international trips valid for up to 90 days.

  • Complementary Lounge Key Membership

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credit cards in Nigeria
Fidelity Naira Payroll Credit Card
No Annual fees2.50% ATM withdrawals: 10 times daily with a cumulative transaction limit of N150,000
POS/ Web: 20 times daily with a cumulative spend limit of N1,000,000
₦2,000

  • Up to 45 days interest free period on purchases done on POS and online

  • Convenient minimum monthly auto-repayments

  • Valid for 3 years

  • Multi-currency options available

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credit cards in Nigeria
Wema Classic Credit Card
₦2,000

  • Naira denominated but usable worldwide

  • EMV (EuroPay MasterCard Visa) certification, this is the highest level of security available

  • Wema Card Control enabled, this is an exclusive card security platform on which cardholders could enable/disable their card on

  • Various payment gateways like ATM, POS, WEB or international.

  • Verified by Visa enabled, this is the second level authentication stipulated by CBN for card not present (CNP, ONLINE)


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credit cards in Nigeria
Wema Gold Credit Card
₦1,500

  • Naira denominated but usable worldwide

  • EMV (EuroPay MasterCard Visa) certification, this is the highest level of security available

  • Exclusive card security platform on which cardholders could enable/disable their card on

  • Emergency card replacement, emergency cash advance etc

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credit cards in Nigeria
Access Bank Classic USD Credit Card
0 to $10,000


  • Interest free period of up to 40 days

  • Minimum monthly repayment of 15% of outstanding balance

  • Issued as a secured or unsecured credit card

  • Supplementary cards available

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credit cards in Nigeria
Access Bank Platinum USD Credit Card
$10,001 to $20,000

  • Interest free period of up to 40 days

  • Minimum monthly repayment of 15% of outstanding balance

  • Issued as a secured or unsecured credit card

  • Supplementary cards available

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credit cards in Nigeria
Access Bank Gold USD Credit Card
$20,001 to $50,000

  • Interest free period of up to 40 days

  • Minimum monthly repayment of 15% of outstanding balance

  • Issued as a secured or unsecured credit card

  • Supplementary cards available

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credit cards in Nigeria
Access Bank Naira Credit Card

  • Naira denominated credit card

  • Accepted at over 2 million ATMs and 30 million merchant locations, across over 220 countries globally

  • Interest free period of up to 40 days

  • Up to 50% of net monthly salary can be availed as credit limit.

  • Minimum monthly repayment of 15% of outstanding balance

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credit cards in Nigeria
Sterling Bank Visa Credit Card
₦6002.50%ATM withdrawal Fee(Local): 3%

POS/WEB Fee (Local & International: NIL

₦2000 flat fee (inclusive of interest)

  • Naira denominated linked to a Naira denominated account

  • Withdraw cash from any VISA branded ATM or POS terminals worldwide.

  • Additional security for web payments – OTP/Secure code

  • Offer customers an easy way to track expenses.

  • 45 days interest free period

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What is a Credit Card?

Credit cards are a substitute for cash in the form of cards issued by banks to make it easier for customers to transact. 
Unlike debit cards, in bank credit cards such as lending consumers money and not taking money from accounts. 
In banks in Nigeria, credit cards are created for convenience and the way they work is regulated by Central Bank Of Nigeria (CBN). 
Currently, there are various types of credit card issuers in the world. They include VISA, MasterCard and American Express. 

Credit card submission can be done by visiting a bank branch.

Is Credit Card available in Nigeria?

While credit card usage is still low in Nigeria generally, it is available from a few local Nigerian banks. Depending on the relationships between the banks and the clients.

What Banks Issue Credit Cards in Nigeria?

GTBank
First bank
Access bank

How do Credit Cards work in Nigeria

A credit card gives you access to a line of credit (an amount of money) from your bank. You can use this credit at ATMs card, POS terminals and for online transactions.

You receive a monthly statement from your bank that shows what you’ve spent, what is left, as well as other charges/interest and your minimum monthly repayment. The bank expects you to pay at least the minimum monthly repayment on your card.

The main difference between credit and debit cards is credit cards allow you to use the money you don’t own (bank’s money), so you can repay later. While debit cards only let you use the money you own.

When you don’t repay your minimum monthly repayment, you’re charged interest on your credit cards. This interest is charged to the outstanding balance after payments and added to the following months’. So a higher outstanding balance, means a higher interest will be paid in the long run.

Some banks charge interest on only cash withdrawals, while other banks charge for every form of transaction.

Some Nigerian banks promise no interest when you pay 100% of what you’ve used on your card. This is bar interest on cash withdrawals.

How can you get a Credit Card in Nigeria?

You can get a credit card by visiting a bank branch. For some banks, you can fill an online form to apply for a credit card.

What Documents Are Required in Submitting a Credit Card?

1. You need to have a steady income source. Therefore, you will be expected to provide evidence of employment/business. Banks often use salary income level to determine which customers are eligible for different credit card products.  For some Nigerian banks, the least salary is N80,000 to be eligible for a credit card.
2. Some banks might require you to have an account with them. 
3. A valid ID, passport photographs, proof of place of residence
(electricity bills)
4. Completed credit card application form.

 
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