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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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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