Frequently Asked Questions on Credit Cards
Credit card is an electronic payment card issued with a credit facility to qualifying customers. Credit cards can be used for cash withdrawal at ATMs and payment of goods and services at Point of Sale terminals. Credit cards have flexible repayment plans.
The Stanbic IBTC Bank credit card is available in Naira and USD denominated variants.
Naira Gold, USD Gold, Naira Infinite, USD Infinite, Naira Platinum, USD Platinum, Naira Corporate, USD Corporate, Naira Silver.
The Credit Card is valid for three (3) years and auto-renewable. However, this is subject to customer meeting the repayment plans.
No collateral is required.
The interest rate on Naira Credit Cards is 36% per annum and 30% per annum on USD Credit Cards. However, you can enjoy up to 55 days interest-free on POS and WEB transactions. Simply make repayment before the 25th of the next month after the transactions. Cash withdrawal attracts instant interest charge.
N65 after the 3rd ATM cash withdrawal in a month on other banks ATMs and $2.50 on International banks ATMs
What fee is applicable on POS transactions?
You pay no fees for POS transactions.
You pay no fees for WEB transactions.
You can access credit of up to 100% of your net monthly income. However, customers’ ability to make monthly repayment will be considered.
Call or email our Customer Contact Center via telephone on 01 422 2222 or CustomerCareNigeria@stanbicibtc.com