How Good Is Credit Card

Credit card state is now on the increase and with the introduction of cashless economy, i think credit card has come to stay which with the help of many financial institution in Nigeria bringing up with new ideas that encourages credit card.
Credit card now is not only for the financial institution/banks as many online processors are coming up with good ideas that will that tells more about credit and even banks make use of them to power their services, One of them is quickteller. You can check them out at www.quickteller.com and see varieties of services. Online processor like voguepay offers credit card too as well as other top world credit card companies.
I think credit card as done more good than harm, with the introduction of services like uba africard, zenith web surfer, gtb naira mastercard, first bank debit card, diamond, fidelity and host of other new cards, I think the only bad thing about credit cards is the fact that some of this Not do well guys who go around to steal people card and ha”c’ ker and collect the money. This has made many people not be using card. But i believe with the major steps being taken my financial industry to reduce this fraud and to increase cashless banking/economy  i think credit card, atm usage in Nigeria will surely increase to be the best.
Another important good thing about a credit card, is that it allows us to shop online, i can still remember those day whereby will find it difficult to shop online, as we will pay heavily to get any product but now, you can sit from the comfort of your room and make your other and have it ship to you very fast.

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Gtbank Visa Credit Card and Debit Card

Credit cards has been taken to another level with the help gtbank as they are working so hard to empower the Nigeria cashless economy which brings forth the introduction of products like gtbank mobile money, gtbank online banking (internet banking) gtbank mobile banking as well as their numerous credit card services. Here i will be discussing the two most gtbank visa card services;

1. Gtbank Visa Classic Credit Card: its a card issued in partnership with visa which can be use in making payment internationally. it is in dollar domination but as well it can be used for transaction in other currencies. it can be use to make payment both online and offline.  You can use it worldwide and in any atm machine that accepts visa card.  Visa classic credit card will have Customer’s name is embossed on it. With 2 year validity unlike the gtbank naira mastercard that has 1 year validity. it also has addition secure online verification whenever you want to use it for online transaction.
2. Gtbank Visa Classic Debit card: This is a debit card by gtbank in dollar domination in partnership with visa international. The card is accepted world wide just like the classic credit card , all transaction with this debit card is linked to a savings or current account. It has the same feature it the gtbank classic visa credit card just that this one is debit.

Here are the requirements if you want to get any of the above visa cards:

• Non-Account holders: You need  Completed Application form, With  Two Referees, A US Dollar Domiciliary Account, A  recent passport photograph, with Recent Utility Bill and a copy of your Driver’s License or Your International Passport (for non-account holders), and Will come with the Minimum opening balance $50.
• Account holders: You will get a Completed Application form, with Two Referees for customers without either current/Dollar accounts as well as a US Dollar Domiciliary Account especially in situation where account holder does not already have one and also a Minimum opening balance of $50.

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Best Tips To Choosing Your Credit Card

Credit card issuing has been on the rise in the recent years, So now , there are many credit card out there with many credit card company. The one you choose will determine your savings, your lifestyle and activities. If you are probably looking for a good credit card company and credit card you will be using, i think you should look for that one which will suit you and work perfectly for you:
The first thing you need to consider while choosing credit card, is why you need it, in know some people who just decided to own a credit card for the purpose of cash flow. With a credit card you will be making lots of savings as your money in the bank will be drawing interest while you use credit cars to buy and shop then at the month end you pay your bill.
Some people need credit card because of instant cash purposes, which allows you to withdraw from any ATM machine. (this is good for travelers or those going for long vacation). If this is the reason while you need a credit card then go for the one that has the lowest rate possible for instant cash transactions.
Another important thing to consider while choosing a credit card is to check out the  balance transfer rates, introductory rates and other offers which may apply to the holder and new credit card, You have to decided whether you want to pay the amount in full at the end of the month of just the required amount. Also while choosing a credit card, look at the incentive available, has this will save you lots of money, many insurance companies give out incentives, so make your research and check them out.
While choosing a credit card, is very important you look at what you are getting, thou its great but credit card can as well lead to downfall. so the best method is to relax and make research about a particular credit card and the company before you choose

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Credit Card Application Tips for Starters

Credit Card its the key to express payment, looking at the way the world economy is going and life style of people, we want everything be done in an express way, which credit card is here to solve. it can as well be called plastic money. That is why every business man, banker, professional will always line up to get their credit card done. Credit card is very important in our daily activities, and here are some of the important credit card tips for beginners:

Before you start making move to go get your own credit card or during credit card application before you start filling the form, please make sure that you know all the precautions and counter measures in other for you to be protected by the federal law.  Following the right processes will clear you from trouble of any type or being charged of any extra charges.

Some people always go for a credit card for express transaction. Yes, that’s one good thing about credit card.  You will see an average America you has more than  nine credit card and use them buying, paying bills without checking the charges that occurs. before you get into using a credit card, make sure you caution yourself very well, reduce the rate at which you shop. Make sure you do everything within your income rate, because the credit card company can sue you of debt, if you don’t pay up really fast. and suing you will make you pay more.

To make your credit card application very easy and convenient you can make use of the online tools of the credit card company as many of them offer online option which you can use for your own credit card application. and while filling the form, check out every offers and statement, read very carefully, as there are some offers you may like or may not and there are some hidden charges attached, that is why you should be very careful while filling the form.

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Tips To Comparing Credit Card

There are thousands of credit card out their as well as credit card companies, so it will be very amazing if your first step to getting your own card is my comparing credit cards as well as the offers attach to it. This will help you make a good decision and good history.
Before you choose a credit card you have to compare the companies, banks and other financial institution in charge. Go the internet make a research out that particular card and the users respond. This will help you know how active and flexible the company is to treating their customers.

While comparing credit cards, you have to take a good look at the  APR and the fees, This apr is very important as this will tell you the interest rate. To get the best possible lowest apr , always rule out that credit card that has the high apr. Take note that No matter how good you think your credit may be, The high APR rates will leave you with charges that are really difficult to pay.

There are many credit card companies and among this options you will have Visa, MasterCard, and American Express.   This are the three giants. visa and mastercard does not give credit card direct to users, rather they have affiliate companies that issue then, it may be bank or any financial institute. America express is the only giant that does the whole work all by their self.
So if you like traveling, i recommend going for visa and mastercard, as they are accepted all over the world. America is really upgrading and now is accepted in most part of the world. another rising company is discovery, it has some amazing offers that will help you in time of emergency. thou is not yet popular like visa and mastercard.
While comparing credit card make use of the internet. it is the best option to get quick credit cards and as well as make a good compare

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Credit Card Common Terms

Credit card has many common terms which every user should know. I can remember one day i was in a bank, one woman entered the bank asking the customer services what is her credit card cvv number. Thou is very funny but some people don’t know it. Here in this article i will be  listing and disusing the common credit card terms every card holder who make payment online should know:

1. Card Holders Name: While making payment online using credit card, you will see card holders name. What is needed here is the name of the credit card owner. this is simply the name you used to register for the card.
2. Validity Date: This is the expiring date of the card, which is always in front of the credit card, always with the format such as date/year it depends on how the credit card company structured theirs.
3. MasterCard: This is International credit card company that powers your card. So while making payment online, you should first check whether the place you wana make payment on accepts mastercard, then tick or select that mastercard logo to indicate. because if you tick another card then your payment will not be successful.
4. Visa: This is another credit card company, You have check whether your card is visa card and thick on it before you continue.
5. Verve/Interswitch: Is another type of card you should always indicate and must state clear that your card is verve or interswitch before you continue.
6. CVV: This is the three digit number at the back of the card, This three number is very important while making payment online, as if you put the wrong numbers, you transaction will not be successful.
7. ATM: This is automated teller machine, Which you can as well use to make some transaction such as transfer, withdraw, airtime recharge e.t.c
8. Pin/password: This is a very important term to know, as is very secret. never you reveal it to anybody, keep it safe.

More terms will be added as time goes on.

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The Benefits of Credit Card over Debit Card

People mistake debit cards for credit cards probably because credit card has become a very popular financial term. Hence, people see ATM cards or anything of a similar shape as credit card. This post is aimed at correcting that erroneous assumption.
Credit cards are type of cards issued to a customer to be used in making financial transactions on credit with the promise of paying back. whereas debit card is issued on a prepaid basis and you cannot make purchases on credit.
Credit cards are issued by financial institutions using a well secured credit card generator that attaches the card to a revolving account making the credit card hard to hack. I am sure you must have heard or seen some mouth watering offers on credit card hacks. Be rest assured that most of them are just hoax.
Here are some Benefits of credit card:
Credit card and debit card are very important in our daily activities especially financially:

• Time: Credit card saves time, you don’t need to go and stand in the long cue in the banking hall, as it will make every thing Convenience for you. no need searching for an ATM or to keep cash on-hand.
• Purchase protection–Today, Most of the credit card companies will always take care of disputes for you. Especially in the situation whereby a merchant will not take back a detective product you purchase, simply check back with your credit card company and have everything settled.
• Record keeping–The  statements of your crad can help you track expenses. And some cards as well provide a year-end summaries that will  help out during tax time.

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How To Get Your Own UBA Africard Visa Credit Card Within 24hrs

One of major problems Nigerians encounter online is inability to transact business online, the issue of paypal has made many of them lose interest and hope with the internet also in some situation when you try to use your ATM cards in many online marchants to purchase/buy some thing online your card will decline but now I think there is hope for Nigerians with the help of uba africrad, thou some Nigeria banks has made effort to make buying online to be easy e.g zenith bank design zenith websurfer which is accepted in some of the websites and online merchants but still I prefer uba africard visa credit card because of its flexibility and easy funding. Unlike zenith websurfer that requires $100 for activation which many people can’t afford. Here I will show you how to get your own uba africard visa credit card within 24 hours:

Requirements
In every banking situation their is always a requirement, so don’t be afraid is the normal thing just like opening an account. Here are the requirement to get uba africard:
1. Drivers license/National I’d card/International passport.
2. Nepa/utility bill
3. Passport photograph
4. Money in cash.

This four are the requirements for geting your own africard visa credit card within 24 hours, I will explain it one after the other, you have to go to the bank with either your drivers license or national I’d card or international passport, if you have any of the three, use it. The second is your nepa bill you have to the bank with it then go with 2 passpart photograph but I will suggest you go with 4 passport in case if their is any change in policy. The last but not the list is money, go to the bank with either N500 and above but will suggest you go with N1000.
After your requirement are okay, simply head straight to any uba branch close to you ask then you need an africard, they will direct you to what to do, less I forget they will ask you whether is the instant card or customize, tell them is the instant, you will be going immediately with. They will give you the forms and you fill, submit together with your requirements, just wait for some minutes and your card will be ready immediately.

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