Pan African financial institution, United Bank for Africa (UBA) Plc, has
introduced the new UBA Naira Credit Card to its teeming customers in
fulfillment of its promise to ease accessibility to funds and improve
the overall standard of living.
With the new UBA Naira Credit Card, customers whose salary accounts have
been domiciled with the bank for a minimum of three months and are
employees of corporates under UBA’s approved counterparty list with a
minimum net monthly income of N250,000 are in for a stress-free business
and personal lifestyle. They will be qualified to access up to N3m
credit, with extremely flexible repayment plans of as low as 10% of
their monthly outstanding due.
Specifically, these customers aged between 18 and 57years who apply for the UBA credit card will also enjoy easy access to funds with a revolving line of credit and up to 45 days interest-free credit, flexible repayment options; amazing discounts at select merchant locations including Restaurants, Boutiques, among other mouth-watering benefits.
The UBA credit card also allows ATM withdrawals in Nigeria or abroad
wherever the Visa logo is displayed while allowing ease of payment of goods and services locally and Internationally on POS/WEB terminals where the Visa logo is displayed.
UBA’s Group Head, Digital Banking, Sampson Aneke, said that as a bank
that is interested in the welfare of Nigerians, UBA is always on the
forefront of developing products and services aimed at creating wealth,
easing living conditions and meeting the needs of its customers all over
He said, “At UBA, we recognise that access to credit is fundamental to the creation of wealth and value in the economy.
Unfortunately, the country has been challenged in this regard with only about 2% of the population presently having access to bank loans.
“It is in addressing these developmental and household challenges that
the bank has in recent times developed and introduced a number of unique
lending products to the market, with the latest being the innovative UBA
Aneke who spoke glowingly about all the benefits that the banks’
customers stand to enjoy from the credit card explained that the UBA
Credit card is currently available as Visa Gold card with a card limit
of between N75,000 to N1,000,000 and Visa Platinum card with a limit of
between N1,000,001 to N3,000,000 and can be used locally and
internationally at any ATM or POS outlet which has the Visa logo, WEB
(online), and POS terminals.
“There is an interest-free period of 45 days on POS/Web transactions
provided 100% repayment is made on the repayment due date and customers
are entitled to 30% (annualized) of their monthly salary as credit card
limit subject to the existing Debt Service Ratio (DSR). The monthly
repayment cycle will run from the 15th of every month to the 15th of the
next month and the credit card statement showing transaction details
within the period and the amount due for repayment will be sent to the
cardholders’ registered email address,” Aneke said.
He explained that to get the card, customers can walk into any UBA
branch or visit the bank’s website at www.ubagroup.com to download the
credit card application form, fill it and submit to the Customer Service
Officer at any UBA branch nationwide.
United Bank for Africa is a leading pan-African financial institution
offering banking services to more than twenty million customers
globally. With a footprint in 20 African countries and presence globally
in the United Kingdom, the USA, and France, UBA is connecting people and
businesses across Africa through retail, commercial and corporate
banking, innovative cross border payments and remittances, trade
finance, and ancillary banking services.