Obtaining your own Credit Card in Nigeria

Most Nigerians often confuse a credit card with a debit card. It is important to note that there is a unique difference between these two banking cards. Thus, they can’t be used interchangeably. In this article, you’ll learn how to apply for a credit card in Nigeria, alongside a couple of credit card features.

In Nigeria, mostly debit cards are being issued. While debit cards may be useful, credit cards are better used for transactions. Do you have a credit card? You should get one if you intend to enjoy excellent benefits like customer consumer protection and fraud protection. But also bear in mind that there are lots of credit card frauds going on, so bear that in mind and be careful.

Also, with a debit card, you can only withdraw from your bank account while credit card in Nigeria supports borrowing money from the bank.

Requirements to Apply for a Credit Card in NigeriaHow to obtain a credit Card and buy whatever you want

The condition varies by bank. While some banks require having a specific bank account like domiciliary or current account, others may require earning a certain amount of income to qualify.

The basic requirements, however, include the following:

  • A supported bank account
  • High income earning ko
  • Agreement to terms
  • Evidence of your income source
  • BVN

Furthermore, the bank may likely run a biometric scan to confirm that it matches with that of BVN.

Features of Credit Cards

  • Security priority from the bank.
  • Limitless transactions.
  • Universal acceptance.
  • It supports personalization (the imprinting of customer details on the card).
  • Uses chip technology.
  • It has about three years validity period.
  • Supports CVV2.

The Process of Getting a Credit Card in Nigeria

To be sincere, applying and getting a credit card isn’t as straightforward as that of a debit card. It isn’t tricky either, but the process does not begin and end immediately.

Moreover, unlike a debit card, a credit card in Nigeria can’t be applied online. My Wema ALAT debit card, for instance, can be used for online and received right in my front door. This is not the case with credit cards, which must be applied directly to the bank.

To apply for the credit card in Nigeria, here is the general procedure.

  • Contact the bank of your choice.
  • Ask the official to direct you to the desk handling card registrations.
  • Request for the account type that supports credit cards (not all accounts support credit cards).
  • If you don’t have the supported account, open one with the bank.
  • Apply for BVN (Bank Verification Number), if you haven’t.
  • Return to the desk and submit the BVN form.
  • Obtain and fill a credit cards form from the bank.
  • The bank may want to run a biometric scan for verification.
  • Within 30 minutes, your card should be ready.
  • In most cases, you may have to check back the following day for the credit card.
  • The staff may then direct you to another team that’ll connect the credit card to a device where you input your pin.

At the point, you’re done and dusted.

How to Apply for First Bank Credit Cards

Before you apply for the First bank credit card, use the First Bank eligibility assessment tool to ascertain your eligibility and the type of card. First Bank credit cards include Visa Gold, Visa Infinite, and Naira Credit Cards.

Features of Visa Gold

  • $1,000 ATM spending limit
  • $5,000 POS spending limit
  • $10,000 Web spending limit
  • Access to international emergency services like card replacement and cash advance
  • Card control

(This card is usable worldwide)

Features of First Bank Visa Infinite

  • $15,000 credit line limit
  • $100 minimum operating balance
  • 30 days billing cycle

(Note, a cardholder may request for an increased credit limit over $15,000)

Features of FirstNaira Credit Cards

  • It features a 2.5% interest rate
  • The maximum credit line is 3 Million Naira
  • 45 days of the interest-free period after borrowing from the bank
  • Transactions can be checked with the first mobile


  • Easily managed online
  • Flexible repayment
  • 45 days interest-free period

How to Apply

  • Head to any First Bank branch
  • Request and fill the Naira Credit Account form
  • Submit and wait for the card to be ready (you may be told to check back)
  • Your card will be inserted in a device in which you’ll enter your personalized 4-digit pin to activate.

How to Apply for GTBank Credit Cards

The GTBank credit cards Nigeria often referred to as GTBank Visa Classic Credit Card. It is issued in partnership with Visa, and it supports international payment.

It is being denominated in dollars and must be linked to your bank account. Apart from the US dollars, it equally supports other major foreign currencies.

A Gtbank Credit Card

Benefits of GTBank Visa Classic Credit Cards

  • It provides customers with 24/7 access.
  • It supports worldwide usage.
  • International booking and reservations support
  • The application cost for the credit card is N1,000 Naira only.
  • Personalization with the customer name is supported.
  • It has an integrated CVV2 card validation
  • The card is valid for three years

How to Apply for GTBank Visa Classic Credit Card

If you do not own an account with GTBank, you’ll have to open a domiciliary account.

  • You’ll complete the domiciliary account form
  • A passport
  • Utility bill
  • Application fee of N1,000

If you already have an account:

  • Complete the domiciliary account form
  • Application fee of N1,000

Transaction Limit for the Credit Card

  • ATM Withdrawal – $1,000
  • POS – No Limit
  • Online – No Limit

Also, there is no Annual Spend limit

Note: You’ll be charged $3.50 for every withdrawal via ATM with your GTBank Visa Classic Credit.

How to Apply for Stanbic Bank Credit Cards

The Access Bank credit cards permit the funding of cash for withdrawal and purchase with POS anywhere in the world.

Stanbic Bank offers the following credit cards in Nigeria:

  • Visa Gold Naira Credit Card
  • Infinite Visa Credit Card
  • Visa Platinum Naira Credit Cards.

Features of Visa Gold Naira Credit Cards

  • This is the flagship credit card plan of Stanbic Bank. It offers the following:
  • 1,050 Naira for credit card application
  • 150,000 Naira limit for ATM withdrawal
  • 500,000 Naira limit for Web transaction
  • 1,000,000 Naira limit for POS transaction
  • $300 limit for international ATM withdrawal
  • $36,000 limit for annual transaction
  • 5% per month of interest rate
  • 3,150 Naira annual fee
  • 2,000 Naira default fee for late Payment
  • Three years validity for card
  • Fifty-five days of interest-free purchases.
  • Support for ATM, web and POS transactions
  • Internet security
What You Need to Apply for Visa Gold Credit Cards
  • Salaried banking relationship with Stanbic Bank
  • Six months of banking relationship with other banks in Nigeria
  • Valid means of identification
  • Duly filled credit card application
  • Proof of employment
  • Salary domiciliation

How to Apply

  • Go to any Stanbic Bank branch.
  • Submit the required information as stated above
  • Request and fill the credit cards form.
  • Check back or wait (depending on bank instructions).
  • When the card is ready, the bank will insert it in a device, and you’ll be asked to enter your 4-digit pin.

Features of Visa Infinite Credit Card

  • 200,000 Naira limit for ATM withdrawal
  • 4 million Naira limit for POS
  • 2 million Naira limit for web transactions
  • $300 limit for international transactions
  • A new card costs 1,000 Naira
  • 55 days before interest charges

How to Apply for Visa Infinite Credit Card

Application, according to Stanbic bank, is strictly on invitation.

Features of Platinum Naira Credit Cards

  • 200,000 Naira ATM withdrawal limit
  • 2 million Naira POS limit
  • 5 million Naira web transactions limit
  • Three years of card validity
  • 55 days before interest charges
  • $3,000 ATM/Web/POS international transactions limit monthly.
How to Apply for Platinum Naira Credit Cards

The procedure is similar to that of the Gold credit card plan, and it involves the following:

  • Go to any Stanbic Bank branch.
  • Submit the required information as stated above
  • Request and fill the credit card form.
  • Check back or wait (depending on bank instructions).
  • When the card is ready, the bank will insert it in a device, and you’ll be asked to enter your 4-digit pin.

Requirements for Platinum Naira Credit Card

  • Salaried banking relationship with Stanbic Bank
  • Six months of banking relationship with other banks in Nigeria
  • Valid means of identification
  • Duly filled credit card application
  • Proof of employment
  • Salary domiciliation

How to Apply for Access Bank Credit Card

The Access Bank credit cards is unique on its own and supports international usage. It comes with a primary card called ‘Supplementary Cards,’ which are issued to customers on demand. The use of Supplementary Card is for a third-party to have access to your account.

Features of Access Bank Credit Cards

  • The support for a primary card called ‘Supplementary Card.’
  • Furnished monthly account statements sent to the customer via email.
  • 5% charges for late payment in Naira.
  • 29% for late payment in dollars.
  • It subjects cases holders to taxes as imposed by the federal government of Nigeria.
  • Late payment interests are not charged during holidays declared by the federal government of Nigeria.

How to Apply

  • Approach any Access Bank near you.
  • Ensure that you have a bank account with Access Bank.
  • Obtain and fill the credit card form.
  • Submit your BVN
  • The processing of the card won’t take place immediately, and you have to check back in another working day.
  • When you get the credit cards, it’ll be inserted in a device where you’ll be asked to enter a 4-digit security pin.

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