credit cards company

Posted August 10, 2020 by o3cardsseo

O3 Capital Nigeria limited (or O3 Cards) credit cards come in Classic Credit Card, Platinum Credit card and Prestige Credit Card.
A Credit card company issues credit cards. They are quite different from credit card networks such as Mastercard, Verve and Visa. While credit card companies provide the cards, credit card networks process and authorize transactions.

If all along you’ve been thinking the only place to get a credit card is in the bank, then you’re reading the right content. Indeed banks provide credit cards, some other finance management institutions provide this facility as well.

But just before that, what’s even a credit card?

A Credit card is a payment card issued by a financial institution with a unique number attached to it that allows a person to pay for goods and services on credit.

It comes with a limit which is usually determined by the person’s credit history.

Although not really in popular in Nigeria yet, credit cards are mostly issued to the elites of the society and staffs of financial institutions.

In the data provided by World Bank on Credit Card usage in Nigeria between 2011 to 2017, only 0.79% of Nigerians had a debit card in 2011. The number rose in 2017, but only to 2.59%. This puts Nigeria in the 116th position in the global ranking of credit card usage in 2017.

In comparison, the same data from the World Bank in 2017 shows that 31.55% of Nigerians have a debit card. And as a result, Nigeria sits at the 75th position in the global ranking.

There are several possible reasons why credit cards are not so popular in this part of the world. It could be because there is not enough information about it out there. Or that people don’t know the benefits of credit cards. Another possibility is maybe people don’t know where to go or who to ask for a credit card.

This article hopes to resolve the last possible reason.

Here is a list of the top 5 credit card companies in Nigeria or credit card issuers in Nigeria.

- O3 Capital Nigeria Limited
O3 Capital Nigeria limited (or O3 Cards) credit cards come in Classic Credit Card, Platinum Credit card and Prestige Credit Card.

You can complete all your application online and have your card delivered to you when your application is granted.

You do not need any form of collateral or guarantor to apply for the credit card

No form of account opening or deposited money is required.

Their cards are valid for 24 months with a 4% flat interest rate.

Anybody can apply for the credit cards.

They provide verve credit cards. A product of Interswitch, Verve card is the most used card in Nigeria. Out of the 25million cards in circulation in Nigeria, 18 million are Verve cards.

The classic credit card comes with a 500,000 Naira credit limit, the platinum credit card comes with a 1 million Naira credit limit and the prestige credit card comes with a 1.5 million Naira credit limit.

For further information and application, visit the website

- Standard Chartered Bank
Standard Chartered bank offers Visa Gold and Visa Platinum Credit card.

Their requirements include:

-Having an income above 75,000 Naira monthly

-Having a Valid Nigerian Number

-Aged between 22-60.

One of the unique features includes;

A Visa Gold credit card holder can be issued up to five supplementary cards for their loved ones

To apply, you have to fill a form on their website containing your personal information after which you would be contacted by the bank confirming your eligibility or not.

To fill the form and for further information, visit

- First City Monument Bank (FCMB)

The Fcmb credit card comes in Classic and Gold. The classic card is issued to Civil Servants, Engineers, Bank workers, e.t.c.

The Gold card is issued to oil workers, multinationals, business owners, e.t.c

It has a 3% monthly interest rate.

The classic card limit is 100,000 while the gold card limit is 3.5 million Naira.

For further information visit their website

- Guaranteed Trust Bank (GTB)

The GTBank Visa Credit card is an international payment card, the domination is in US Dollars, but can be used to settle payments in other major currencies. The card is issued in partnership with Visa international and linked directly to the beneficiary’s account.

All transactions carried out using this card are reflected on the account instantly.

The card is only open to USD Domiciliary Account holders and those who don’t have one would be required to open one at the bank.

The card is valid for 3 years.

For Application and further information visit the GTBank Branch nearest to you.

- First Bank

The first bank credit card comes in Visa Gold, Visa infinite and Naira credit card.

The cards are only issued to the top 1%-5% of the bank’s customer.

They have a 2.5% monthly interest rate.

The Visa Infinite card has an infinite credit limit, the Visa Gold card has a maximum spend limit of 15,000 dollars, The Naira Credit Card has a maximum credit limit of 3 million Naira.

To apply for any of the credit cards, you have to visit the Firstbank branch nearest to you.

On a final note, credit cards are very useful in the sense that they help you pay for goods and services in times when you don’t have money and then you repay later but sadly most of the financial institutions offering this service place a lot of restrictions on it.

Most of the times, you either have to be a very wealthy person to access this service or have some sort of mighty collateral to apply.

Another challenge is the need to first open an account with the bank if it’s not your bank. This is usually a turn off for most people.

This explains why O3 Cards sits at the top of our list as you do not need collateral to access their credit card neither do you need to open any bank account. You can apply online from anywhere in Nigeria and your credit card would be delivered to you.

Contact Us
For more detail - inquire us at 07006322737 or 012777630
Email Us at [email protected]


18, Jerry Iriabe Street,
Lekki Phase One,

Website -
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Contact Email [email protected]
Issued By O3cards
Phone 07006322737
Business Address 18, Jerry Iriabe Street, Lekki Phase One, Lagos, Nigeria
Country Nigeria
Categories Business , Finance , Services
Tags best credit card in nigeria , cards credit , credit card in nigeria , credit card use in nigeria , credit cards company , everything i need to know about credit cards , nigeria credit cards
Last Updated August 10, 2020