6 best credit cards in Nigeria

Credit cards in Nigeria – You probably have been hearing about credit cards and need to get one for yourself? Here’s an opportunity to choose from the list of credit card providers in Nigeria.

A recent data by Statista show that credit cards in Nigeria and its penetration ranked 118th out of a sample rank of 137 countries worldwide. Indicating that more than three percent of Nigerians own a credit card.

While this may not be a significant figure yet comparing the Nigeria’s population and economic global effect, adoption of credit card is gradually taking a leap.

Subsequently, the on-going cashless policy has further driven adoption of card payments and other e-channel services.

Given this, acquiring a credit card to facilitate one’s transactions may not be a bad idea at all.

Here with you is a list of credit cards in Nigeria you may choose to acquire for swift and seamless transactions.

What is credit card?

A credit card is just like any other ATM card issued by the financial institutions, which allows you to borrow funds from a pre-approved limit to pay for your purchases.

A credit card can be used to complete a payment or for other online transactions.

The idea of a credit card is that it acts like an overdraft, which certain approved limit/amount is loaded to enable you pay for goods and services as though you are spending directly from a debit card.

You are expected to pay back with interest accrued on a pre-defined date.

Difference between credit card and debit card

Having said that, the next question you may need to ask is what then is the difference between a credit card and a debit card.

The strike difference lies in the fact that

  • Debit cards allow you to spend money by drawing on funds you deposited in your bank account, while credit card allows you to borrow money from the card issuer up to certain limit aimed at making purchases.
  • Credit cards offer a better protection against fraud, unlike debit cards that are linked directly to your bank account.

However, they could differ in fees and benefits subject to company/issuer clause and terms of issuance.

6 best credit cards in Nigeria are;

#1. Credpal

Credpal is a revolutionary credit solution that provides seamless and unlimited credit access for businesses and individuals across developing countries with Nigeria at the top gear.

 With Credpal access, consumers can buy virtually anything online and offline across merchants and remit payment in instalments.

Credpal provides;

  • Personal credit cards: These cards are tailored to personal financial obligations timelessly irrespective of your location be it online or offline at the merchant store.
  • Business credit cards: The business credit cards offer expense management solution which enables businesses to take absolute control of their spending.


To acquire the Credpal credit card, you should be a salary earner with a reputable organization. Could be under government payroll, blue chip company or viable corporates.

How to get Credpal credit card? APPLY HERE.

#2. Standard Chartered Bank

Standard Chartered banks offers one of the best credit cards in Nigeria, particularly Visa Gold and Visa Platinum Credit card.

As a Visa Gold credit card owner you have a lifeline to upward of 5 supplementary cards for your loved ones.

Requirements and application process

  • Applicants should be aged between 22-60 years
  • You should have an income slightly above N75,000 monthly
  • Applicant must have a valid Nigerian number
  • How to apply, APLY HERE, you are required to complete a form.

#3. First City Monument bank (FCMB)

The FCMB credit card comes in Classic and Gold feature.

While the classic card has a threshold of N100,000 the Gold card has a threshold of N3.5 million naira.

Who can apply for these credit cards?

The classic credit cards are designed for Engineers, civil servants, Bankers, etc.

The Gold credit cards are designed for staff of multinationals, blue chip companies, oil workers, etc.

#4. Guaranty Trust Bank (GTBank)

The GTBank credit card is a multi-currency facet credit card perceived as one of the best credit cards in Nigeria given its dynamism.

Unlike most credit cards, the GTBank credit card is linked directly to your bank account which infers that transactions consummated can be traced to your account statement/bank account.

To apply for this card you will have to visit the nearest GTBank branch.

Note: This is strictly for customers who have domiciliary account.

#5. First bank

If you wish to have the First bank credit card you must have been using your First bank account actively an perceived as one of the top customers of the bank.

The credit cards come with a maximum spending limits as high as $15,000 at 2.5% monthly interest rate.

First bank has;

  • Visa Gold
  • Visa infinite and the
  • Naira credit card respectively which has a credit limit of N3 million naira.

Interested customers are advised to visit the nearest First bank branch and apply accordingly.

#6. O3 Capital Nigeria Limited

O3 Capital Nigeria Limited provides one of the reliable credit cards in Nigeria for the financially active populace.

There cards come in

  • Classic
  • Platinum and
  • Prestige credit cards.

This card has similar features like the Credpal credit cards in the sense that they are not owned or provided by banks rather independent companies in Nigeria.

Given this, no bank account is required for the application of the O3 Capital Nigeria Limited credit card.

Their credit limits are as follows;

  • Classic – N100,000 – N500,000
  • Platinum – N500,000 – N1,000,000
  • Prestige – N1,000,000 – N1.5 million naira respectively at 4%-5% interest rates on a 24 months card span.


These are the best credit cards in Nigeria, keep in mind that this list will be updated subsequently as more cards with credible features are being unleashed into the market.

3 comments on “6 best credit cards in Nigeria

[…] The use of credit cards exposes vital information about your account to third parties and in unfortunate situations may be used to defraud you of your earnings. You may also end up paying for products that won’t be supplied, damaged, or fewer quality products. With the available ways to make purchases online without a credit card, you will be able to trade more safely. […]

[…] Easy access to loans and credit – Here you can apply for an instant loan by dialing *329# to get a salary plus loan or pay back to school bills with your FCMB Credit Card. […]

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