How to get your UBA Credit Card (2021 update)

UBA credit card is a card issued by UBA, and it enables the cardholder to borrow funds from the bank. Cardholders agree to pay the money back with interest, according to the institution’s terms. So whether it’s meeting an urgent financial need without disrupting your monthly cash flow or simply making payment for goods and services, your UBA Naira Credit Card has got you covered. 

Benefits

  1. Easy access to cash with a revolving line of credit.
  2. Enjoy up to 45 days’ interest free credit.
  3.  Flexible repayment option with as low as 10% minimum monthly repayment required.
  4. Enjoy amazing discounts at partner Restaurants & Hotels, Lounge access, etc. across the world.
  5. Withdraw cash from ATMs or make payments on terminals locally or internationally.
  6. Make online bill payments, hotel reservations, car rental services and online shopping.

Eligibility

Also read: Benefits of UBA Nextgen account

Unsecured Credit Card – All customers whose salary accounts have been domiciled with UBA for a minimum period of 3 months. you can check your employment status to be sure

Fees and charges involve

  1. Joining/Renewal/Replacement Fee – N1,000 (Vat exclusive)
  2. ATM Withdrawal (Not on Us) – N35 from the 4th transaction within a month.
  3. ATM Withdrawal outside Nigeria – N1,200 + Acquirer fee.
  4. Maintenance Fee – N50 quarterly (Vat exclusive)
  5.   Withdraw cash from ATMs or make payments on terminals locally or internationally.
  6.   Insurance Cover – 1.5% of the credit limit renewable every 3 years

Credit Card Limits

FeesGold Credit CardPlatinum Credit Card
ATM Domestic DailyN200,000N200,000
POS/WEB Domestic DailyN1,500,000N1,500,000
Monthly International$100$100

What you must know about UBA credit Card

How to 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.
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Eligible for the UBA Naira Credit Card

  • Any employee of approved corporates whose salary account is domiciled with UBA

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 or internationally.
  • – Make online bill payments, hotel reservations, car rental services and online shopping.

Can my UBA Naira credit card be used internationally?

Yes, your UBA Naira Credit Card can be used locally and internationally at any ATM or POS outlet which has the Visa logothe Internet, and POS terminals.

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.

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 to 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.

How to apply

The customer that meets the above requirement to fill this form and submit to the bank in any branch