Description

Our Platinum Debit MasterCard is with extra convenient benefits. This includes a mix of travel benefits, preferential treatments and rewards, higher transaction limits, and access to exclusive products and clubs by partner organizations. This offering is strictly by invitation.

Features

1. Accepted worldwide – pay for goods and services at over 29 million locations and withdraw cash from over 1.8 million ATMs worldwide
2. Safe – eliminates the risk and inconvenience of carrying cash Secure with Chip & PIN technology
3. Effective funds management – transactions done with the card can be easily monitored via the Internet Banking service.
4. Dependable support – 24 hour access to support for all card-related complaints through our Contact Centre – GlobalContact.
5. USD denominated, can be linked to a current or savings account Valid for 3years
6. Increased limits on local POS and Online transactions are available on request.

Benefits

1. The card is strategically positioned to continually meet cardholders evolving needs
2. The card gives the cardholder individual recognition of status and aspiration
3. Access to global e-commerce (shopping on sites across the world)
4. Enjoys promotions targeted at MasterCard cardholders
5. EMV technology that prevents cloning of cards.
6. Access to the MasterCard Global Services (emergency customer service — anytime, anywhere, and in any language.
7. Cardholders can access all services provided by their issuers, MasterCard, and third-party processors etc.)
8. Emergency Cash Advance – applicable where a customer’s card is unavailable and cash is urgently needed. With this service, offered by MasterCard, cash can be remitted to the cardholder via money transfer services (MoneyGram or Western Union) pending when a replacement card is issued to the customer.
9. Emergency Card Replacement – for urgent replacement of lost or stolen cards; a service offered by MasterCard as a temporary measure/bridge, pending when the customer’s replacement personalized card is produced.
10. Virtual Payment Concierge – MasterCard arranges a ‘card not present’ Transaction at dining, hotel, and transportation merchants (pending merchant approval) while an emergency card is in transit.
11. Higher daily local limits while transacting at various channels (ATM: $300, POS: $3,000 and Web: $2,000)
12. Access to MasterCard Moments world-class shopping experience – travel, dining, shopping and other lifestyle privileges. (mastercardmoments.com)

How to apply?

To apply for the Visa Infinite Card, visit any branch closest to you to complete an application form or talk to a customer care for other alternatives.

What is a Platinum Debit MasterCard?

The Platinum Debit MasterCard is a Premium debit card denominated in USD and issued in partnership with MasterCard Worldwide. It is linked directly to a customer’s Naira denominated Current and/or Savings account.

This product, which is a higher variant of the Naira MasterCard, is aimed at giving high net-worth customers enhanced value and experiences worldwide.

What is the minimum account balance at the point of card issuance?

$50.00 This is required as the point of processing the card request.

What is the card issuance fee for the Platinum Debit MasterCard?

$1.00 USD

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

Cost of issuance of Visa Infinite Card and associated fees?

1. Card Joining/Reissuance Fee: $3
2. Supplementary card fee: $3
3. Main Card Annual Maintenance Fee: $10 (Taken upfront)
4. Supplementary Card Annual Maintenance Fee: $10 (Taken upfront)
5. Annual Membership fee (per card): $200
6. Interest Fees : 3% flat (Outstanding balance)
7. Default Fee : 0.25% flat per month
8. Card Replacement Fee : $3
9. ATM Withdrawal Fee: $5 per transaction
10. POS & Web Fee: Free
11. PIN re-issue fee: Free
12. POS Cash Advance Fee: $3 + 1% of transaction value

Will a lien be placed on my US Domiciliary account with respect to my desired limit on the Visa Infinite Card?

Yes, a lien of 120% will be placed on USD, GBP or EURO account to secure the funds throughout the tenor of the card

What are the daily usage limits for my 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)

How long would it take for my Visa Infinite card to be ready for collection, after I submit my application?

For DC branches, the Visa Infinite Card will be ready for collection 2 business days after application.

While for upcountry branches, Visa Infinite Cards will be ready for collection 5 business days after application.

Please visit a branch to apply. Compulsory hold amount on card is $100.

Description

The Visa Infinite is the highest card in the Visa range of card products targeted at the top 1% to 5% of the banks customers.

In addition to the credit limit availed, 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.

Visa Infinite Card request is by invitation.

Features

1. Default credit limit: $15,000 minimum (unless a higher limit is requested by the prospective cardholder)
2. Maximum facility tenor of 36 months
3. Billing cycle of 30 days
4. 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
5. Minimum operating Balance of $100

Benefits

1. Access to unique privileges and experiences, including international concierge and premium insurance services
2. Guaranteed transactions success rates and acceptance across all channels
3. Interest free period of up to 45 days
4. Flexible repayment – minimum repayment of 15% of the total monthly outstanding
5. Access to international emergency services
6. Emergency card replacement
7. Emergency cash Advance via money transfer services (MoneyGram or Western Union)

How to apply?

To apply for the Visa Infinite Card, visit any branch closest to you to complete an application form or talk to a customer care for other alternatives.

Is the Visa Infinite card a Debit or a Credit card?

The Visa Infinite is offered as either a Credit Card or Debit card.

For Credit Card variant, client provides collateral value up to 120% of the credit limit sought.

For Debit Card variant, client enjoys the flexibility of funding card account as and when required.

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

Cost of issuance of Visa Infinite Card and associated fees?

1. Card Joining/Reissuance Fee: $3
2. Supplementary card fee: $3
3. Main Card Annual Maintenance Fee: $10 (Taken upfront)
4. Supplementary Card Annual Maintenance Fee: $10 (Taken upfront)
5. Annual Membership fee (per card): $200
6. Interest Fees : 3% flat (Outstanding balance)
7. Default Fee : 0.25% flat per month
8. Card Replacement Fee : $3
9. ATM Withdrawal Fee: $5 per transaction
10. POS & Web Fee: Free
11. PIN re-issue fee: Free
12. POS Cash Advance Fee: $3 + 1% of transaction value

Will a lien be placed on my US Domiciliary account with respect to my desired limit on the Visa Infinite Card?

Yes, a lien of 120% will be placed on USD, GBP or EURO account to secure the funds throughout the tenor of the card

What are the daily usage limits for my 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)

How long would it take for my Visa Infinite card to be ready for collection, after I submit my application?

For DC branches, the Visa Infinite Card will be ready for collection 2 business days after application.

While for upcountry branches, Visa Infinite Cards will be ready for collection 5 business days after application.

Please visit a branch to apply. Compulsory hold amount on card is $100.

Description

Our Visa Gold card 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.

1. Daily spend limit on ATM ($1,000), POS ($10,000) and WEB ($5,000) anywhere in the world with your Visa Gold card.
2. Access to international emergency services with your Visa Gold card i.e. emergency Card Replacement & emergency Cash Advance in situations where your card gets lost or damaged.
3. International credit card capabilities.
4. Card Protection to activate or deactivate cards for all types of transaction, using the Card-in-Control Service on Mobile or the USSD *894# – Quick Banking-Card management.

How To Apply?

To apply for a Visa Gold Card, visit any Branch closest to you to complete an application form or talk to a customer care representative to apply.

Is the Visa Gold card a Debit or a Credit card?

The Visa Gold card has both the credit variant and self-funded variant. The credit variant is cash-backed and the limit assigned is determined by the collateral cover.

The customer spends ONLY the amount he pays into his card with the self-funded Visa gold card.

What are the fees associated with the Visa Gold card?

1. Issuance fee – $3
2. Annual Maintenance Fee- $20 taken upfront at issuance
3. Purchase fee (POS, Internet) – Free Web fee – Free
4. ATM withdrawal fee – $3
5. Card Replacement Fee – $3

Will a lien be placed on my US Domiciliary account with respect to my desired limit on the Visa Gold card?

No. You would, however, be required to always maintain a minimum operating balance of $40 in your Visa Gold Card account.

How long would it take for my Visa Gold card to be ready for collection, after I submit my application?

For DC branches, the Visa Gold Card will be ready for collection 2 business days after application.

While for upcountry branches, Visa Gold cards will be ready for collection 5 business days after application. Please visit a branch to apply. Compulsory hold amount on card is $40.