UBA Naira Credit Card
One Card, Endless opportunities.
0% interest with your credit card.
With the UBA Credit Card, you get up to N3 million and have the option to pay 0% interest when you repay within 45 days.
Features and Benefits
- Enjoy up to 45-days interest free credit.
- Access up to N3 million credit limit.
- Flexible repayment option as low as 10% monthly.
- Get amazing discounts at partner Restaurants & Hotels, Lounge access, etc. across the world.
- Withdraw cash from ATMs or make payments on terminals locally.
- Make online bill payments, hotel reservations, car rental services and online shopping.
Fees and Charges
- Issuance/Renewal/Replacement Fee – N1,000 (Vat exclusive).
- ATM Withdrawal (Not on Us) – N200 from the 4th transaction within a month.
- Maintenance Fee – N50 quarterly (Vat exclusive).
- Withdraw cash from ATMs or make payments on terminals locally.
- Insurance Cover – 1.5% of the credit limit renewable every 3 years.
| Pricing Item / Feature | Gold | Platinum |
|---|---|---|
| Joining Fee (Card Issuance) | ₦1,000 | ₦1,000 |
| Supplementary Card Issuance Fee | ₦1,000 | ₦1,000 |
| Quarterly Maintenance Fee (Primary Card) | ₦50 | ₦50 |
| Quarterly Maintenance Fee (Supplementary Card) | ₦50 | ₦50 |
| Annual Credit Limit Fee | ₦10,000 | ₦10,000 |
| Card Re-Issuance Fee | ₦1,000 | ₦1,000 |
| Card Renewal Fee | ₦1,000 | ₦1,000 |
| Card Replacement Fee | ₦1,000 | ₦1,000 |
| Cash Advance Fee (ATM) - On Us | Free | Free |
| Cash Advance Fee (ATM) - Domestic Not-On-Us | ₦200 | ₦200 |
| Credit Card Funds Transfer Fee | 0.5% of Transfer Amount | 0.5% of Transfer Amount |
| Cash Advance Fee (ATM) - International | ₦500 + 3.5% of Amount | ₦500 + 3.5% of Amount |
| Interest Rate (Unsecured) | 3.5% Monthly on Outstanding Balance | 3.5% Monthly on Outstanding Balance |
| Interest Rate (Secured) | 2.5% Monthly on Outstanding Balance | 2.5% Monthly on Outstanding Balance |
| Credit Insurance | 1.5% of Credit Limit (Renewable Every 3 Years) | 1.5% of Credit Limit (Renewable Every 3 Years) |
| Late Payment Fee (Per Cycle) | ₦5,000 | ₦5,000 |
| Over Limit Fee (Per Event) | ₦5,000 | ₦5,000 |
| Electronic Statement Fee | Free | Free |
| SMS Fee (Free for International Transactions) | ₦6 | ₦6 |
| Billing Date | The billing period is from the 16th of a month to the 15th of the next month. The statement date is the 15th of the month. The Credit Card Statement shows transaction details within the period and the amount due for repayment. | The billing period is from the 16th of a month to the 15th of the next month. The statement date is the 15th of the month. The Credit Card Statement shows transaction details within the period and the amount due for repayment. |
| Grace Period / Payment Due Date | 15 days immediately after the billing date. Repayment is expected on or before the 30th of every month. | 15 days immediately after the billing date. Repayment is expected on or before the 30th of every month. |
| Minimum Monthly Repayment | 10% of the closing outstanding balance as at the statement date. | 10% of the closing outstanding balance as at the statement date. |
Requirements
- Duly completed credit card application form.
- Two Credit Bureau Checks.
- Copy of valid identification (International passport, driver’s license, National ID or voters card) .
- Staff ID, Letter of awareness from company, and six months’ staff account statement (for salary earners).
How to apply
Download the credit card application form here and complete all necessary fields or Visit any of our branches nationwide and submit your duly completed application form to the Customer Service Officer.
Terms and Conditions
Unsecured Credit Card (For Salaried Customers)
- – Employer must be on the bank’s approved list.
- – Customer must be a full time employee of the listed company.
- – Customer must have received an average monthly salary of N250,000 over the last 3 months.
- – Customer must be between the ages of 18 and 57.
- – Customer must have executed Global Standing Instruction to set off any indebtedness with the Bank from customer’s accounts funded with other banks.
- – Customer must not have any adverse Credit Bureau or CRMS report.
Secured/Cash backed Credit Card (For SMEs and Self Employed Individuals)
- – Customer must be an individual or SMEs with active account with UBA.
- – Cash-backed amount should be at least 125% of loan amount.
- – Customer must not have any adverse Credit Bureau or CRMS report.
- – Maximum limit will not exceed N3million.
- – Customer must have executed global account set-off in favour of the Bank.
How to Request for a UBA Naira Credit Card
Complete this form and submit it at the nearest UBA business office.
Frequently Asked Questions
Answers to common questions on our UBA Naira Credit Card.
How do I get a UBA Naira Credit Card?
Simply walk into any UBA branch or visit our website at ubagroup.com to download the credit card application form, fill in and submit to the Customer Service Officer at any of our branches nationwide.
Who is eligible for the UBA Naira Credit Card?
Any employee of approved corporates whose salary account is domiciled with UBA.
What are the benefits of the UBA Naira Credit Card?
- Easy access to cash with a revolving line of credit.
- Enjoy up to 45 days’ interest free credit.
- Flexible repayment option with as low as 10% minimum monthly repayment required.
- Enjoy amazing discounts at partner Restaurants & Hotels, Lounge access, etc. across the world.
- Withdraw cash from ATMs or make payments on terminals locally.
- Make online bill payments, hotel reservations, car rental services and online shopping.
Can my UBA Naira credit card be used internationally?
No, your UBA Naira Credit Card can only be used locally.
How does the monthly repayment cycle work?
The cycle runs from the 15th of every month to the 15th of the next month when the credit card statement showing transactions details within the period and amount due for repayment will be sent to the cardholders’ registered email address.
What is the interest rate charged?
Monthly interest rate of 3% on cash advance (withdrawals made on ATM) and 2.5% on POS/WEB.
Are there any interest free period?
Yes, there is a 45 day interest free period on POS/Web transactions provided 100% repayment is made on the due date. Less than 100% repayment will result in 2.5% charge on the outstanding balance.
How much am I expected to repay monthly and when should repayment be made?
You are expected to make at least a minimum monthly repayment of 10% on the outstanding balance. However, customers can opt to repay higher amounts e.g. 20% to100% of the outstanding balance.Fund your repayment account on or before the 30th with the amount for your chosen repayment plan as it will be debited from your account on the 30th of each month.
How do I make repayment?
Fund your repayment account on or before the 30th with the amount for your chosen repayment plan.
What is late repayment fee and why will I be charged?
When you default on the minimum monthly repayment by the 30th of the month being the due date, a late repayment fee being 1% of the outstanding balance from the date it was not paid will be charged to the cardholder.