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List of Credit Cards used in Nigeria and its Features

In Nigeria, You most have come across different kinds of Credit Cards used in Nigeria. I want you to understand that as the credit cards differs so their features differs too. 

So the puposse of this article is to explain to your understanding the “List of Credit Cards used in Nigeria and its Features”. So read down as we start explaning.

The Verve (Naira) Credit Card

Verve Naira Credit Card logo

Verve Credit Card is a Debit Card linked to your Naira Savings account or Current account that enables you make payments on POS terminals, the Internet and withdraw cash from ATMs in Nigeria.

Features

  • Chip & PIN secured, for enhanced protection of your funds
  • Naira denominated
  • Personalized, bears the customers name
  • Accepted throughout Nigeria, wherever the Interswitch or Verve logo is displayed
Other Features you might be neglecting: 

Can Verve cards work on the web?

Yes, but only on websites bearing the Interswitch or Verve acceptance mark.

How to activate Verva card

Activate your Verve card by selecting your preferred PIN (Personal Identification Number) on the Customer PIN Selectable Machine’ at your Customer Service Desk in the bank before leaving the branch OR visit any ATM to perform PIN change.

Can I use my Verve card to shop on all websites (domestic & international)?

Only on “domestic” websites, sites bearing the Interswitch or Verve acceptance mark.

What is your PIN?

PIN stands for “Personal Identification Number”. It is the four-digit number known only to you and used to complete transactions on ATMs and other pertinent payment devices.

How to shop on the web

Select the item you wish to purchase, proceed to ‘Checkout’, provide your Verve card number, provide your Expiry date, provide the CVC number (the last three digits appearing on the back of your card, beside the signature panel), and input your PIN using the secure keypad displayed on your screen.

How to protect Verve card from fraud (whether online or offline)

  • Do not disclose your PIN to anyone
  • Keep your card safe and out of sight and reach of others
  • Do not retain your PIN mailer or keep it in the same place as your card
  • Destroy your PIN Mailer after memorizing your PIN

Benefits

  • Easy access to funds 24 hours each day
  • Eliminates the risk and inconvenience of carrying cash
  • Flexible, can be used across multiple channels – POS, Web, ATMs
  • Multiple Value-Added Services – Airtime recharge, Bills payments, e.t.c.

Naira MasterCard

The Naira MasterCard is an international debit card, denominated in Naira. It is linked to your Naira Savings or Current account. Your Naira MasterCard enables you carry out transactions anywhere in the world while your Naira account is debited.

Features

  • Secured by Chip & PIN technology
  • Daily Local ATM withdrawal limit of N150,000
  • Daily Local POS transaction limit of N2,500,000
  • Daily web transaction limit N1,000,000
  • POS/Web limit increase available upon request
  • Card validity period of 2-3 years

Benefits

  • No need to source for foreign exchange, as transactions are debited directly to your Naira Current or Savings account
  • Accepted internationally, wherever the MasterCard logo is displayed
  • It is an EMV card with enhanced security that ensures safety of your funds and transactions.
  • enables you spend Naira wherever you go in the world.
  • across multiple channels – ATM, POS, Web, e.t.c.
  • Reduced cost of cash transactions and risk associated with cash.

How do I get a First Bank Naira MasterCard?

Complete an application form from any branch or download a form from our website or go to the bank and collect the Naira MasterCard application form, fill and submit to the bank.

How to activate your card

Activate your Naira MasterCard card by selecting your preferred PIN (Personal Identification Number) on the Customer PIN Selectable Machine’ at our Customer Service Desk before leaving the branch OR visit any ATM to perform PIN change

How many accounts can be linked to Naira MasterCard?

Your Savings and/or Current Account

How long will it take to get Naira MasterCard after submitting my application?

  • 15minutes from when your application is received and your account opened.
  • While in some Nigeria banks it takes about 1-2weeks to get the card

How to activate Naira MasterCard

To activate your Debit card, please perform a PIN change on any PIN selectable device at your bank branch Nationwide.

Can Naira MasterCard be used to make purchases on the internet?

Yes. Your card can be used on millions of websites that accept MasterCard for payment.

How to get your PIN

PIN stands for “Personal Identification Number”. It is the four-digit number known only to you and used to complete transactions on ATMs and other pertinent payment devices.

Naira MasterCard SecureCode Enrollment

This is an additional authentication service to further protect your card from being used for fraudulent transactions. Your bank should give you a direction or guideline to enroll your card

 

2 Comments

  1. upon all these cards, i still cant use any for Facebook ads

    • Make sure that your card is enabled to do an online transaction

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