Searching for how to get us credit card in Nigeria? If yes, then this article is for you. Nigeria hasn’t adapted to technology at the rate and fast as other African countries, therefore it’s worth educating yourself on how to get US credit card in Nigeria. The two most popular credit card companies comprise Visa and Mastercard however, due to the widespread fraudulent financial practices; cash is the king of Nigeria.
Nigeria has just begun to provide American Express after years on the black list of the company’s providers. Therefore, you may be unable to use your Amex. Although many large hotels and companies may accept credit cards, you’re more likely to encounter businesses that will only accept cash.
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How To Get US Credit Card In Nigeria
Here is what do you need to do to solve your question o how to get US credit card in Nigeria?
- Completed (USD) Domiciliary form.
- 2 (Two) Referees.
- 1 (one) recent passport photograph.
- An e-mail from a recent Utility Bill.
- A duplicate from the Driver’s License or International Passport.
- An issue fee of N1,000 (or its equivalent dollar equivalent).
What Credit Card Companies Are Recognized In Nigeria?
Any country where cards are accepted as payment in Nigeria most likely will include Visa as well as Mastercard.
American Express cards are accepted only at high-end restaurants and hotels.
The Discover card isn’t accepted in any establishment at any time.
The Possibility of Credit Card Fees For Nigeria
When talking about how to get US credit card in Nigeria, you need to look at the card fee also. The use of a credit card in Nigeria can result in the following charges:
- Foreign transaction fees
Based on the card you use you may be charged an amount of up to 3% of any purchase you make abroad. It’s $150 for every $5k paid in Nigeria.
- Currency conversion fees
If a retailer offers the option of paying with US dollars or an ATM allows you to cash out US dollars, you’ll receive the Dynamic Currency Conversion (DCC). DCC typically does not have a good conversion rate.
Are There Any Fees That I Can Pay For Both?
Yes. Make sure to pay with local currencies and use credit cards with no charges for foreign transactions.
Credit Cards Chip and Pin
Nigerians typically use chip-and-PIN credit cards. If you’d like to avoid uncomfortable situations and declined cards; ask your bank to give you the four-digit pin prior to travel.
Is It Secure To Use My Credit Cards In Nigeria?
Nigeria is well-known for its fraudulent credit card transactions and that’s why it was banned by Amex for many years. Take these steps to improve the security of your credit card:
- Choose ATMs carefully – ATMs that are connected to banks are usually safer than ATMs located on the streets.
- Two cards are recommended – If your credit card is lost or your transactions are rejected the second card can be helpful.
- Make sure your card is visible – Be sure to guard against misuse of your card by checking your card each time you pay with it.
How To Prepare For Your Trip To Nigeria In Terms of Credit Card
You should not only be searching for how to get US credit card in Nigeria? You should also be concerned about how to prepare for your trip to Nigeria in terms of credit cards.
A credit card that is free of charges for foreign transactions – This could reduce your costs by up to 3% off any purchase you make abroad.
Visa along with Mastercard is widely used – American Express and Discover are rarely recognized in Nigeria.
Make sure your bank is informed prior to your travel – Fraudulent financial transactions are commonplace in Nigeria. If you don’t inform your bank to do so, it may lock your account after the first transaction.
Look for your bank contact number, such as customer care emails – This is the quickest solution to any card-related problems.
Make sure you have a backup card – If your card is blocked, you may be without cash. The backup card is a solution.
Take out some cash – Cash is the most important currency in Nigeria Therefore, ensure that you’ve got enough.
Do I Need To Utilize My Credit Card In Order To Withdraw The Cash I Need In Nigeria?
Purchases made with credit cards in Nigeria are restricted to restaurants and hotels in famous tourist destinations. Cash is required to make purchases elsewhere.
ATMs will give you an excellent exchange rate for local currency, however using a credit card, you’ll result in a cash advance charge and interest as soon as you withdraw. This can be avoided with the use of a debit card.
Conclusion – How To Get US Credit Card In Nigeria
Credit cards aren’t generally used in Nigeria However, this could be changing in the near future. In the meantime, you should have enough cash on hand to travel.
Think about using a debit card to make cash withdrawals so that you don’t have to worry about cash advance charges and APR. If you are buying anything else it is recommended to use a travel credit card that does not charge foreign transaction charges is the best choice.
We hope our article on how to get us credit cards in Nigeria as help solved your problem.