The Naira Credit Card: A Review

Credit Card Nigeria


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Posted by on Tuesday May 1, 2012 9:29:38:

What is a Naira credit card? It is simply a card product offered by Nigerian banks that is denominated in the naira. It is a type of card that allows you have access to credit or loan from a bank over a certain period of time.

Nowadays, more and more Nigerian banks now offer these credit cards and they come in different grades or categories. As long as you have a verifiable source of revenue, you can easily have access to such bank loans by means of the naira credit card. For most people who would rather prefer not to take other categories of loans, the naira credit card is becoming the easy route to follow.

The Naira credit card gives the user access to cash whenever he wants it and even if he doesn't have his own funds, he can always access from the bank's pool of funds to solve pressing financial issues. You can avoid being cash strapped. Even when you are outside Nigeria and need some quick funds, as long as you have a naira credit card, you can always withdraw from ATMs, use POS, pay online and settle other bills using you card.

Features of the Naira credit card
- It is denominated in Naira
- It is a kind of loan
- A physical card mostly branded by Visa or Mastercard

Some fees attached to Naira credit cards
- ATM and POS fees
- Monthly fees
- Interest rate on unpaid funds

Requirements for getting a Naira credit card
- A verified salary account
- Other verified source of regular income

The Naira credit card is the new way to get access to bank funds and you can easily get it from most Nigerian banks. You just

Tip:
Before getting a Naira credit card from your bank, try to take a look at their terms of service. You can get a copy from the customer service. This will help you look into fees attached to the card and they do vary from bank to bank.



Comments:
Re: The Naira Credit Card: A Review Posted by Chidiebere otonko on Tuesday May 1, 2012 at 24:16:36:

Hello sir i want to know how to get the credit card izit for free



Re: The Naira Credit Card: A Review Posted by Felix Okoli on Saturday June 2, 2012 at 12:29:1:

To get a naira credit card, you will need to have a credible source of income at least



Re: The Naira Credit Card: A Review Posted by Kingsley abraham on Tuesday July 10, 2012 at 14:5:39:

I need more light about credit card is it only for business men or also for students



Re: The Naira Credit Card: A Review Posted by Felix Okoli on Thursday July 26, 2012 at 9:12:9:

It is for everyone who can get a loan at the bank. For employees, they need salary account or something like that. For other people they can open a fixed deposit account or provide some other form of collateral



Re: The Naira Credit Card: A Review Posted by Felix Okoli on Thursday July 26, 2012 at 9:12:9:

It is for everyone who can get a loan at the bank. For employees, they need salary account or something like that. For other people they can open a fixed deposit account or provide some other form of collateral






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