Types of First Bank Credit card and their benefits

Types of First Bank Credit card and their benefits

Last Updated on December 8, 2023 by admin

Do you want to learn the types of credit cards offered by the first bank for seamless and fast financial transactions? Discover the best credit card that’s right for you and enjoy an array of attractive rewards

The cards include credit card, debit card and prepaid card.This cards enable customers to have access to their account via ATMs, Cashless Payment (POS) machines, online, mobile, or in-branch.

This post will outline types of First bank cards available to customers and their benefits

1. First Bank Credit Cards
2. First bank Debit Card
3. First Bank prepaid card
4. Discounts

But for the purpose of the article will shall walk you through all first bank credit cards types, benefits and daily usage limits.

Read: First Bank transfer: How to transfer money and check account balance

 

1. First Bank Credit Cards

 

First Bank Credit Cards consist of Visa Infinite,Naira Credit Card,Visa Gold,Summer Campaign.

i.  Visa Infinite

 

The FirstBank Visa Infinite is the highest card in the Visa range of card products targeted at the top 1% to 5% of the bank’s customers.But customers have to provide collateral value up to 120% of the credit limit sought.

The visa Infinite is targeted at Owners/ MDs of organizations and conglomerates that meet the minimum qualifying criteria—-High Net Worth Individuals and for Ultra-high net worth individuals. It has a Compulsory hold amount on the card of $100.

Customers have to pay Annual Membership fee (per card) of $200 with Interest Fees of 3% flat (Outstanding balance) with Default Fee : 0.25% flat per month

What are the daily usage limits for my Visa Infinite card?

 

1.ATM cash withdrawals – $1,000 (total frequency – 5 times)
2.Purchases (POS) – $25,000 (total frequency – 20 times)
3 .Purchases (Internet) – $25,000 (total frequency – 5 times)

Also read: How to apply for Payday and salary advance loan in all Nigeria banks

ii. Naira Credit Card

 

The FirstBank Naira Credit Card (NCC) is an international credit card that provides an evolving credit line and offers up to 45 interest-free days on utilize funds.

Features of Naira Credit Card

 

1,The NCC has a maximum credit limit of N3,000,000
2 .The card is denominated in Naira
3 .Interest rate is 2.5% monthly which is only on utilised amount and not on total facility amount
4.There is an initial interest-free period of up to 45 days
51 .Transactions done with the card can easily be monitored via the card services feature on FirstMobile, with a 24-hour access to support for all card related complaints through FirstContact

you may also read: FirstBank USSD Code: How to check statement of account, Account balance and Create Pin as well transfer money

iii. Visa Gold

The FirstBank Visa Gold Card is an international premium credit card issued in partnership with Visa International.t is a US Dollars denominated card and secured by chip and PIN technology.

 What are the daily usage limits for my Visa Gold card?

1.ATM cash withdrawals – $1,000 (total frequency – 5 times)
2 .Purchases (POS) – $10,000 (total frequency – 20 times)
3.Purchases (Internet) – $5,000 (total frequency – 5 times)
4.POS Cash Advance (Branch) – $5,000
5.POS Cash Advance (Merchant) – $5,000

What are the fees associated with the Visa Gold card?

1 .Issuance fee – $3
2.Annual Maintenance Fee- $20 taken upfront at issuance
3 .Purchase fee (POS, Internet) – Free
4 .Web fee – Free
5.ATM withdrawal fee – $3
6  .Card Replacement Fee – $3

Compare all features and benefits of FirstBank Credit cards.

 

Feature Visa Gold Visa Infinite Naira Credit Card
Is secured by Chip and PIN technology YES YES YES
Can be used for payments on local websites and POS YES YES YES
Can be used for payments on international websites and POS YES YES YES
Requires PIN for all ATM and POS transactions YES YES YES
Requires a CVV2 Code for all internet transactions YES YES YES
Requires One-Time-Password for local website purchases YES YES YES
Fees
Getting a new card $3 $3 ₦1000
Replacing a lost or stolen card $3 $3 ₦1000
PIN re-issue Free Free Free
Annual maintenance $20 $20 ₦600/₦50 Monthly
FBN ATMs in Nigeria $3 $3 $0
Other ATMs in Nigeria $3 $3 $0
ATMs abroad $3 $3 $0
POS in Nigeria Free Free Free
POS or websites abroad Free Free Free
Daily Transaction Limits
ATMs in Nigeria ₦100k ₦100k ₦100k
ATMs Abroad $1,000 $1,000 $300
POS In Nigeria $10,000 $10,000 ₦1, 000, 000
POS abroad $10,000 $25,000 $5,000*
Web in Nigeria $5,000 $25,000 ₦1, 000, 000
Web Abroad $5,000 $25,000 $5,000*

 

Meet Ogbeide Frank, popularly known as perere, a blogger who loves writing about finance and Tech. He studied Business administration at the Ambrose Alli University Ekpoma and Mobile Communication at Orange College Malaysia .Frank have worked as a banker and consultant in variety of Nigeria agencies

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