20 Best Credit Cards In Nigeria 2023

There are some Companies with quality credit cards in Nigeria that you can choose from, so you might have probably heard about them and need one. Here’s an opportunity to choose from the list of credit card providers in Nigeria.


Statista data recently showed Nigeria ranked 118th among 137 countries in terms of the percentage of people who own credit cards, indicating more than three percent of the Nigerian population owns a credit card.

Compared to Nigeria’s population and economic global effect, this figure may not be significant, but the adoption of credit cards is gradually increasing.

Due to the ongoing cashless policy, card payments and other e-channel services have been widely adopted. Given that, obtaining a credit card to facilitate one’s transactions could be a great idea.


You may find below a list of 20 credit cards in Nigeria that you may take advantage of for seamless and swift transactions.

What Is A Credit Card

A credit card is a card issued by a financial institution, typically a bank, and it enables the cardholder to borrow funds from that institution. Cardholders agree to pay the money back with interest, according to the institution’s terms. Credit cards are issued in different variety of categories.

Credit card users can reap cash, discounts, travel points, and many other perks unavailable to debit cardholders by using rewards cards.


Rewards can be applied on a flat-rate basis or at tiered rates. For example, you might have a card that offers unlimited two miles per dollar on purchases and another that offers three miles per dollar for travel spending, two miles per dollar for dining, and one mile per dollar for everything else.

You could then use miles earned to book future travel arrangements.

Credit Cards in Nigeria

Credit Cards vs. Debit Cards/ATM Cards

Credit cards and debit cards typically look almost identical, with 16-digit card numbers, expiration dates, magnetic strips, and EMV chips. Both can make it easy and convenient to make purchases in stores or online, with one key difference.

Debit cards allow you to spend money by drawing on funds you have deposited at the bank. Credit cards allow you to borrow money from the card issuer up to a certain limit to purchase items or withdraw cash.

You probably have at least one credit card and one debit card in your wallet. The convenience and protection that they offer are hard to beat, but they have important differences that could substantially affect your pocketbook. Here’s how to decide which one to use to meet your spending needs.

READ ALSO: 6 Easy Ways On How To Start A POS Business In Nigeria

20 Quality Credit Cards In Nigeria 2021

1. First Bank Visa Infinite

  • Annual fee: $20
  • Purchase Rate: 2.5% flat (Outstanding Balance)
  • Card Limit: $15,000 minimum (unless a higher limit is requested by the prospective cardholder)
  • Late Payment Fee: 0.25% flat per month
  • Interest-free period: up to 45 days
  • Perks: Access to unique privileges and experiences, including international concierge and premium insurance services, Flexible repayment – Minimum repayment of 15% of the total monthly outstanding.
  • Maximum facility tenor: 36 months
  • Billing cycle: 30 days
  • Collateral: 120% of the credit limit on USD, GBP or EURO Fixed Deposit Account in the bank, with a lien placed on it throughout the tenor of the card
  • Minimum operating Balance: $100

2. First Bank Naira Credit Card

  • Annual fee: ₦600
  • Purchase Rate: 2.5%
  • Card Limit: N3,000,000
  • Interest-free period: up to 45 days
  • Perks: Free online account management, Highly secure with Verified by Visa, Flexible repayment: Full or Minimum (15% of outstanding indebtedness) repayment options,

3. First Bank Visa Gold Credit Card

  • Annual fee: $20
  • Purchase Rate: 2.5% flat (Outstanding Balance)
  • Card Limit: ATM cash withdrawals – $1,000 (total frequency – 5 times) Purchases (POS) – $10,000 (total frequency – 20 times) Purchases (Internet) – $5,000 (total frequency – 5 times) POS Cash Advance (Branch) – $5,000 POS Cash Advance (Merchant) – $5,000
  • Late Payment Fee: 0.25% flat per month
  • Interest-free period: up to 45 days
  • Perks: Access to international emergency services with your Visa Gold card, International Credit Card Capabilities, Card Protection to activate or deactivate cards for all types of transaction.

4. Stanbic IBTC Visa Platinum US Dollar Credit Card

  • Issuance fee: N1075
  • Interest Rate: 2.5% per month
  • Card Limit: *Daily ATM – $1,000 *Daily POS – $10,000 *Daily web – $10,000
  • Late Payment Fee: $12.50
  • Interest-free period: up to 45 days
  • Perks: Up to 55 days of interest-free purchases, Enhanced data services, Detailed reporting and analysis, Denominated in US Dollars and linked to a US Dollar account for repayment, Online protection for your web transactions Verified by Visa, 3-year card validity.

5. Stanbic IBTC Visa Infinite Naira Credit Card

  • Issuance fee: N1075
  • Interest Rate: 2.5% per month
  • Card Limit: Local ATM withdrawals: N400 000 Local POS transactions: N4 000 000 Web transactions: N1 600 000 (or the equivalent in the currency of the country you are transacting in)
  • Late Payment Fee: ₦2,000
  • Interest-free period: up to 45 days
  • Perks: Up to 55 days of interest-free purchases, Denominated in Naira and linked to a Naira account for repayment, Free medical and legal referral during international travels, Exclusive personal concierge service 24 hours a day, 7 days a week from anywhere in the world, Exclusive benefits at over 900 luxury hotels around the world, Discount on personal fast-track services at over 380 international airports, A dedicated lifestyle manager to guide you to an optimal experience with your Visa Infinite Card

6. GTBank World MasterCard

  • Card Limit: ATM Withdrawal: 1000 USD (or equivalent in the local currency of transaction)* POS / Online: No limit Annual Spend Limit: No limit
  • Perks: Personalized relationship management – Cardholders have access to a Lifestyle Manager. Travel & Medical Insurance Complimentary access to a minimum Over 800 Lounge-Key airport lounges. MasterCard Global Service – 24-hour service to provide emergency assistance by telephone

7. GTBank Visa Classic Credit Card

  • Issuance fee: N1000
  • Card Limit: A fee of $3.50 applies for every ATM withdrawal. ATM Withdrawal: $1,000 USD (or equivalent in the local currency of transaction)* POS / Online: No limit Annual Spend Limit: No limit
  • Late Payment Fee: ₦2,000
  • Interest-free period: up to 45 days
  • Perks: Pay for goods and services at millions of Visa locations worldwide (hotels, supermarkets, etc) in over 210 countries. Convenience and Affordability.

8. Standard Chartered VISA Gold Credit Card (Naira)

  • Issuance fee: N1000
  • Card Limit: Min. credit Limit ₦30,000; Max credit limit ₦749,999
  • Minimum Monthly Repayment: Option to pay as little as 1% of the total spend or ₦5,000*(outstanding amount) plus any (interest, fees, charges and over-limit amount) whichever is higher each month.
  • Interest: 4 % of the amount withdrawn from the date of withdrawal until the amount is fully settled.
  • Perks: Interest-free credit for up to a maximum of 50 days. Purchase Protection Cover. Your Standard Chartered Credit Card is welcomed in more than 23 million establishments, in more than 200 countries. As a Standard Chartered Gold Cardholder, you can issue up to five supplementary cards to your loved ones. Amazing discounts and offers with selected Merchant Partners throughout Lagos.
Credit Cards in Nigeria

9. FCMB Visa Credit Card “CLASSIC”

  • Annual fee: N600
  • Purchase Rate: 3%
  • Card Limit: N999,999.99
  • Late Payment Fee: ₦2,000
  • Interest-free period: up to 45 days
  • Perks: Concierge Service, Travel Accident Insurance, 24 hours customer service, Emergency Cash Advance, Emergency temporary card replacement.

10. Fidelity Classic Credit Card

  • Purchase Rate: 2.50%
  • Card Limit: N999,999.99
  • Late Payment Fee: ₦2,000
  • Interest-free period: up to 45 days interest-free period on purchases done on POS and online
  • Perks: Convenient minimum monthly auto-repayments, Valid for 3 years, Verified by Visa (VbyV) secure for extra protection online, Multi-currency options available.
  • Go to Site: Link

11. Wema Classic Credit Card

  • Annual fee: ₦200
  • Issuance fee: ₦1075
  • Perks: Naira denominated but usable worldwide, EMV (EuroPay MasterCard Visa) certification, this is the highest level of security available. Wema Card Control enabled, this is an exclusive card security platform on which cardholders could enable/disable their card on, Various payment gateways like ATM, POS, WEB or international, Verified by Visa enabled, this is the second level authentication stipulated by CBN.

12. Access Bank Platinum USD Credit Card

  • Annual fee: N600
  • Purchase Rate: 3%
  • Card Limit: $10,001 to $20,000
  • Late Payment Fee: ₦2,000
  • Interest-free period: up to 40 days
  • Minimum monthly repayment: 15% of outstanding balance.

13. Sterling Bank Visa Credit Card

  • Annual fee: ₦600
  • Purchase Rate: 2.5%
  • Card Limit: ATM withdrawal Fee (Local): 3% POS/WEB Fee (Local & International: NIL
  • Late Payment Fee: ₦2000 flat fee (inclusive of interest)
  • Interest-free period: up to 45 days
  • Perks: Naira denominated card linked to a Naira denominated account, Withdraw cash from any VISA branded ATM or POS terminals worldwide, Additional security for web payments – OTP/Secure code, Offer customers an easy way to track expenses.

14. CredPal Credit Card

Credpal is a revolutionary credit solution that provides seamless and unlimited credit access for businesses and individuals across developing countries with Nigeria at the top gear.

With Credpal access, consumers can buy virtually anything online and offline across merchants and remit payment in instalments. Credpal provides;

  • Personal credit cards: These cards are tailored to personal financial obligations timelessly irrespective of your location be it online or offline at the merchant store.
  • Business credit cards: The business credit cards offer expense management solution which enables businesses to take absolute control of their spending.

15. O3 Capital Credit Card

O3 Capital Nigeria Limited provides one of the reliable credit cards in Nigeria for the financially active populace.

Thier cards come in Classic, Platinum and Prestige credit cards. This card has similar features like the Credpal credit cards in the sense that they are not owned or provided by banks rather independent companies in Nigeria.

Given this, no bank account is required for the application of the O3 Capital Nigeria Limited credit card. Their credit limits are as follows;

  • Classic – N100,000 – N500,000
  • Platinum – N500,000 – N1,000,000
  • Prestige – N1,000,000 – N1.5 million naira respectively at 4%-5% interest rates on a 24 months card span.

16. Zenith Bank Credit Card

Zenith Bank credit cards offer you the benefit of regular purchase on POS, web, and ATM. They offer a range of Classic, Gold, and Platinum credit cards that help you fund your lifestyle.

Credit Cards in Nigeria

17. UBA Bank Credit Card

You can get the UBA Naira credit card if you’re a customer who has been using a UBA salary account for a minimum of 3 months.

This credit card can be used both locally in Nigeria, and internationally at any ATM or POS outlet. You will also enjoy a flexible repayment option of 10%.

18. Union Bank Credit Card

Whether you need to meet urgent financial obligations or pay for goods and services without disrupting your cash flow, Union Bank credit cards have got you covered. You can take control of your finances and get access to cash whenever you need it.

Union Bank credit card is valid for 3 years and you enjoy flexible repayment options with a 30-day billing cycle.

19. Ecobank Credit Card

It’s safer and more convenient to use a card for shopping and withdrawing cash. With the Premier Platinum Card you’ll not only have 24-hour access to your funds in over 1200 branches, across 34 countries, but with more than 2700 ATMs and 10,000 Cashless Payment (POS) terminals across Africa, you’ll never be far from an easy way to pay. You can also use your card to pay online by typing in your details on e-shopping websites. Ecobank Bank Credit Cards are available in Gold and Premier Platinum

20. Heritage Bank Naira Credit Card

  • It is a naira denominated card
  • Acceptable worldwide wherever MasterCard logo appears
  • It can be used on ATM, POS and WEB
  • Highly secured with Chip and PIN Technology.
  • 3 years revolving credit limit, therefore card is valid for 3 years.
  • Minimum monthly repayment is only 20%
  • Eliminates need to carry cash when traveling
  • VIP/ Priority Pass treatment at hotels and access to lounges at airport accredited by MasterCard.
  • Access to exciting benefits and offers

Frequently Asked Questions On Credit Cards In Nigeria

Below are some frequently asked questions about Credit Cards In Nigeria.

Is Credit Cards available in Nigeria?

While credit card usage is still low in Nigeria generally, it is available for local Nigerian banks. Depending on the relationships between the banks and the clients.

How can you get a Credit Card in Nigeria?

You can get a credit card by visiting your bank branch. For some banks, you can fill an online form to apply for a credit card.

READ ALSO: 20 Best Sites & Apps To Redeem & Sell Gift Cards In Nigeria

What Documents Are Required in Getting a Credit Card?

  • You need to have a steady income source. Therefore, you will be expected to provide evidence of employment/business. Banks often use salary income level to determine which customers are eligible for different credit card products. For some Nigerian banks, the least salary is N80,000 to be eligible for a credit card.
  • Some banks might require you to have an account with them.
  • A valid ID, passport photographs, proof of place of residence(electricity bills)
  • Completed credit card application form.


A Credit Card is different from a Debit / ATM card. A Credit Card is pre-funded with an approved credit limit and it allows you to make payments and withdraw cash from ATM whereas, a Debit/ATM card allow you to make payments and withdraw cash from ATM by debiting funds directly from your bank account.


Leave a Comment