Pan African financial institution, United Bank for Africa (UBA) Plc, has
\nintroduced the new UBA Naira Credit Card to its teeming customers in
\nfulfillment of its promise to ease accessibility to funds and improve
\nthe overall standard of living.<\/p>\n
With the new UBA Naira Credit Card, customers whose salary accounts have
\nbeen domiciled with the bank for a minimum of three months and are
\nemployees of corporates under UBA’s approved counterparty list with a
\nminimum net monthly income of N250,000 are in for a stress-free business
\nand personal lifestyle. They will be qualified to access up to N3m
\ncredit, with extremely flexible repayment plans of as low as 10% of
\ntheir monthly outstanding due.<\/p>\n
Specifically, these customers aged between 18 and 57years who apply for
\nthe UBA credit card will also enjoy easy access to funds with a
\nrevolving line of credit and up to 45 days interest-free credit,
\nflexible repayment options; amazing discounts at select merchant
\nlocations including Restaurants, Boutiques, among other mouth-watering
\nbenefits.<\/p>\n
The UBA credit card also allows ATM withdrawals in Nigeria or abroad
\nwherever the Visa logo is displayed while allowing ease of payment of
\ngoods and services locally and Internationally on POS\/WEB terminals
\nwhere the Visa logo is displayed.<\/p>\n
UBA’s Group Head, Digital Banking, Sampson Aneke, said that as a bank
\nthat is interested in the welfare of Nigerians, UBA is always on the
\nforefront of developing products and services aimed at creating wealth,
\neasing living conditions and meeting the needs of its customers all over
\nthe world.<\/p>\n
He said, “At UBA, we recognise that access to credit is fundamental to
\nthe creation of wealth and value in the economy.\u00a0 Unfortunately, the
\ncountry has been challenged in this regard with only about 2% of the
\npopulation presently having access to bank loans.<\/p>\n
“It is in addressing these developmental and household challenges that
\nthe bank has in recent times developed and introduced a number of unique
\nlending products to the market, with the latest being the innovative UBA
\ncredit card.”<\/p>\n
Aneke who spoke glowingly about all the benefits that the banks’
\ncustomers stand to enjoy from the credit card explained that the UBA
\nCredit card is currently available as Visa Gold card with a card limit
\nof between N75,000 to N1,000,000 and Visa Platinum card with a limit of
\nbetween N1,000,001 to N3,000,000 and can be used locally and
\ninternationally at any ATM or POS outlet which has the Visa logo, WEB
\n(online), and POS terminals.<\/p>\n
“There is an interest-free period of 45 days on POS\/Web transactions
\nprovided 100% repayment is made on the repayment due date and customers
\nare entitled to 30% (annualized) of their monthly salary as credit card
\nlimit subject to the existing Debt Service Ratio (DSR).\u00a0 The monthly
\nrepayment cycle will run from the 15th of every month to the 15th of the
\nnext month and the credit card statement showing transaction details
\nwithin the period and the amount due for repayment will be sent to the
\ncardholders’ registered email address,” Aneke said.<\/p>\n