Visa Gold Credit Card
Application Eligibility: Min. credit Limit ₦30,000; Max credit limit ₦749,999 and Min salary ₦75,000 for corporate organisation employee and ₦50,000 for government employees
Application Eligibility: You must have your salary account with Standard Chartered Bank Nigeria, You must have good credit bureau history, Min salary ₦75,000 for corporate organisation employee and ₦50,000 for government employees
Credit card works by allowing you to borrow money from the card issuer (bank) to meet your financial needs. It comes pre-loaded with an approved credit limit by the bank for making purchases (POS, ATM withdrawal, ecommerce etc). The spend from your credit card is required to be paid back later at the frequency agreed to with the card issuer at the point of issuance. Most credit card usage earn you reward points and helps in building your credit profile.
No. 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 drawing funds you have deposited in your bank account.
Yes. A Credit Card uses a PIN created by the card holder and printed on the card chip. This allows the user to authorise transaction at the POS, ATM and online/eCommerce purchases
Yes. The expiration of Credit Card is inscribed on the card in Month/Year.
Your Credit Card limit is the maximum amount which is made available on your credit card for your use. This limit is preapproved based on your income and satisfactory credit bureau report.
Your card is automatically enabled for ATM and POS. Online (eCommerce) transactions will only be enabled upon a client’s request for transactions on Local sites. Your card will not be enabled for online transactions on foreign sites.
Yes, your Credit Card is open for international spend.
A maximum of USD1,000 monthly on ATM, POS, or Online.
There is no charge for withdrawal of cash via the ATM, however, interest on cash advance is charged at 3% of amount withdrawn from the date of withdrawal until the amount is fully settled. You will find the Terms And Conditions on our website.
Note that a cash withdrawal via the ATM does not qualify for interest free credit period neither does it qualify for points on the 360 rewards platform. Purchases via POS and online platforms are interest free if you fully pay the amount outstanding, provided the amount is paid on or before the payment due date. Therefore, it may be costly to use your credit card to get cash out on a regular basis.
Just complete our limit/billing cycle change form and send same to your branch with preferred dates. We will then let you know within 24 hours if we can change the dates, or not. More information on salary payment date may be required from you to change billing cycle.
You’ll get your statement twenty days before your payment is due. When you get your statement, please make sure you pay in time for your payment to reach us on or before the due date.
You can pay your bill in a range of ways including:
You can pay your bill by transferring funds from your current/savings account on online banking/ S C Mobile platforms to your credit card account.
When making a payment from SCB online:
By Standing Instruction (SI)
This is automatically set up when your card was issued. There are two SI payment options: the minimum amount due, the total amount due (subject to minimum payment requirements of N5,000).
If you choose to make an additional payment against a fixed payment, the fixed amount will still be taken in full. But if you make an additional payment against a minimum payment, then your payment will go down by that amount.
The minimum payment is really a safety net to ensure you don’t incur late payment charges. Ideally, you should still make additional payments by other means rather than sticking to the minimum each month.
If you make an additional payment, then the payment will be reduced by the amount of the additional payment.
Please note that any additional payment made within 3 working days prior to your payment due date will not affect your SI amount as the request will already have been sent.
The date your payment is due is printed on your monthly statement. The standing Instruction set up on your account will run on the due date. In case you want to make additional payment, please allow 3 working days for us to receive and process your payment.
If you notice any inconsistency in your bill, kindly send email to email@example.com or call our 24-hour Client Care line +234 1 2704611-4. Toll free number 0800 001 2345, for it to be investigated and resolved.
If you’ve made a transaction and it appears on your statement twice or more, you can either visit any nearby branch to complete a dispute/chargeback form or call our 24-hour Client Care line on +234 1 2704611-4. Toll free number 0800 001 2345, for it to be investigated and resolved
You will receive your statement on your billing date once a month (as long as you have a balance). You will receive your eStatement in your email address with the bank from Global.E-Statement-MESA@sc.com.
Each month you get a statement telling you of your full outstanding balance (everything you have spent plus any interest and charges) and the amount of your minimum payment. You can pay any amount between this minimum payment and your full outstanding balance
Your card will be stopped from further transactions for any of these situations and charged 1% flat of the due amount
If your card is over limit as a result of decline in your financial status, you are required to immediately pay the difference; otherwise your next repayment would be 10% of total amount outstanding, instead of 1% minimum amount due.
You can get up to 50 days interest free on purchases, if you pay off your balance (made on POS or Online) in full each month and spend happen on first day of the cycle
Note that we charge interest on cash transactions at a daily rate, it means that you can’t avoid interest charges on withdrawing cash. We’ll still charge cash interest on a cash transaction from a previous month if your payments have not been enough to cover the amount of cash that you withdrew plus the interest and fee apportioned to it. You’ll also need to take into account any other transactions you have made i.e. purchases. There may also be interest due for the time between your last statement being produced and the date you received your payment.
SCB has four Billing cycles.
Minimum amount due is the amount which you pay to avoid late payment fee. Remember, you will still be charged interest on the remaining unpaid amount. Just that late fee won’t be applied. Total amount due is the total money you owe
The statement date on your statement cycle is usually the same day as the last day of the billing period. This is the date your bill is actually issued, and your bill will be due twenty days after that. The statement date and the payment due date are not the same.
Payment Due Dates: Payment is due on either 25th/30th/5th/20th of each month depending on the billing cycle set up for client.
A billing cycle is recurring and is most often set to repeat on a monthly basis. For example, you may get your credit card bill on the fifth day of the month for payment or purchases done from the fifth of the previous month.
Chargeback is a way of getting your money back if things go wrong on your Credit Card purchases.
You can increase your credit card limit by completing our Limit/Billing Cycle change form and submitting at the branch. Please note that you can only qualify if:
Yes. Your credit limit can be downgraded if a serious deterioration in your credit behaviour is noticed
A grace period is the period of time a credit card gives you to pay amount due, without having to pay interest on the new balance. The grace period runs from the end of a billing cycle to the next payment due date i.e.
|SCB Grace Period|
You are allowed to switch on/off eCommerce functionality on your card by calling contact centre on +234 1 270 4611-4, 0800 001 2345 and request for switch on/off of this service.
However, you will be unable to use card for online transactions when this functionality is switched off.
Supplementary Cards is a privilege offered to the spouse, parents, or children of the primary credit card holder.
A primary card holder can give cards to their spouse, parents, children, or other loved ones.
A primary card holder can request for a maximum of 5 credit cards per principal card.
The limit of the supplementary card is determined by the primary card holder but this limit will be a part of the maximum limit the primary card holder can get.
The minimum age limit for a supplementary card holder is 18 years.
The primary card holder will need to complete the supplementary card form for each supplementary card holder. Form can be downloaded from our website on https://www.sc.com/ng/help-centre/download-centre.html . The primary card holder can also speak with their Relationship Manager
Yes. The primary applicant has the option of combining the rewards points from qualifying spends on all linked supplementary cards or having separate accounts for each supplementary card holder.
Yes. All supplementary card holders will be eligible for exclusive offers and discounts available at partnering Visa Merchant locations locally.
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