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Banks Offering $1,000 Above Foreign Spend Limit Cards in Nigeria

There is a longstanding debate on the dominance and use of naira foreign cards in Nigeria. However, it help customers to spend above $20 limit on foreign exchange

In this post, we’ll be going through what naira foreign cards really are, and almost 90% are credit  card, and the top bank companies in Nigeria where you can get them.

What is a Credit Card?

A credit card is a plastic card that lets you access the credit limit your card issuer gives you.

A credit limit is like a loan. However, instead of giving you cash, the bank permits you to take as much credit as you desire for a period and then allows you to reuse the loan over and over and pay it back later.

How Does Credit Card Work in Nigeria?

A lot of processes go on during a credit card transaction. When you swipe your credit card to make a purchase, the merchant’s card terminal asks your credit card issuer whether the card is valid and if you have enough available credit.

Your card issuer sends a notification of the approval or rejection of the transaction. If it’s approved, you can take the goods and services and go on your way.

Every time you make a transaction, your credit goes down by that same amount. If you have a ₦100 credit limit and you make a ₦25 purchase, you’ll have ₦75 available credit remaining. You’ll be owing the bank ₦25.

If you borrow another ₦50 before paying back the ₦25 you borrowed, you would owe the bank a total of ₦75 and have ₦25 in available credit.

The difference between a credit card and a typical loan is that your limit is available after paying the balance on the card.

In the earlier example, if you paid back the ₦75 that you owed, you’d have ₦100 of available credit again.

Credit Card Companies in Nigeria

1. First Bank Nigeria ($800 Monthly)

With a First Bank credit card, you can make everyday purchases, consolidate your borrowing, and build a credit-worthy record for yourself.

There are 3 different types of credit cards offered by First Bank. They include:

  • Visa Infinite: This is the highest card in the visa range of card products. It is targeted at the top 1% to 5% of the bank’s customers. With the First Visa Infinite credit card, you get access to guaranteed transactions success rates and acceptance across all channels.
Visa Infinite Credit Card from First Bank
  • Naira Credit Card: This is an international credit card that is accepted for payment at over 29 million locations, and for cash withdrawals at over 1.8 million ATMS.
Naira Credit Card from First Bank
  • Visa Gold: This is a Dollars denominated card First Bank issues in partnership with Visa international.
Visa Gold Credit Card from First Bank

2. UBA Nigeria ($1,000 Monthly)

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%.

3. Standard Chartered Nigeria ($2,000 Monthly)

There are two types of credit cards offered by Standard Chartered Nigeria. They include:

  • Visa Gold Credit Card: This requires a corporate organization employee to have a minimum salary of ₦75,000. For government employees, the minimum required salary you must have before you can access it is ₦50,000.
Visa Gold Credit card offered by Standard Chartered Nigeria
  • Visa Platinum Credit Card: To get access to this, You must have your salary account with Standard Chartered Bank Nigeria, plus, a good credit bureau history.
Visa Platinum Credit Card offered by Standard Chartered Nigeria

4. Zenith Bank ($500 Monthly)

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.

5. GTBank ($100 Monthly)

The GTBank Visa credit card is an internationally accepted payment card that is denominated in US Dollars. The card is valid for a period of 3 years.

6. Stanbic IBTC Bank ($1,000 Monthly)

The Stanbic IBTC credit card is a credit facility designed to provide you with cash when you need it the most. With this, you get up to 55 days of interest-free purchases and cash from any ATM worldwide. For more products from Stanbic, you can check out the

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