Naira Credit Card Introduced By UBA


The Group Head of UBA digital banking, Sampson Aneke, has stated the interest of the bank in the welfare Nigerians, hence the introduction of the new UBA Naira Credit Card to its customers.

The bank has fulfilled its promise to ease living conditions and ensure accessibility to funds. According to Sampson;

“At UBA, we recognise that access to credit is fundamental to the creation of wealth and value in the economy.  Unfortunately, the country has been challenged with only about two per cent of the population having access to bank loans.

“There is an interest free period  of 45 days on POS/Web transactions provided 100 per cent repayment is made on the repayment due date and customers are entitled to 30 per cent (annualised) of their salary as credit card limit subject to the Debt Service Ratio (DSR).  The monthly repayment cycle will run from the 15th of every month to the 15th of the next month and the credit card statement showing transactions details within the period and the amount due for repayment will be sent to the cardholders’ registered email address,” Aneke said.

Source; Tale Tela

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