Apply for Stanbic IBTC Visa Silver Naira Credit Card and Enjoy 55 Days Interest-Free Shopping in Naija
Secure your Stanbic IBTC Visa Silver Naira Credit Card for up to 55 days interest-free shopping, chip-and-PIN protection, simple online application and easy Naira repayments
Card highlights built for Naija life
The Visa Silver Naira Credit Card from Stanbic IBTC brings up to 55 days interest-free purchases on local transactions, ideal for shoppers and small businesses across Lagos, Abuja and beyond. This Naira-denominated card links to your Naira account for easy repayment and offers a revolving credit line for everyday spending.
Security and convenience are central: Chip and PIN protection and Verified by Visa online purchase protection keep your payments safe, while three-year card validity and global ATM acceptance mean you can withdraw cash when you travel. Stanbic IBTC internet banking and mobile app make card management straightforward for the busy Naija customer.
Costs, rates and common charges
Know the numbers before you swipe: the new card fee (issuance fee) is N1,075 and a credit card management fee of 1% (+ VAT) applies on issuance, renewal and limit increases. The monthly interest rate is 2.5% after the interest-free period ends, so planning payments is key to avoid extra costs.
ATM withdrawal fees kick in after the third withdrawal at non-Stanbic IBTC ATMs in a month, and penalties for overdue balances include a 1% (+ VAT) charge on the outstanding limit. Being aware of ATM withdrawal fees and the credit card management fee helps you use the Visa Silver Naira Credit Card smartly and keep costs low.
How to apply and what you must provide
Applying is simple if you meet eligibility rules: have at least one month of salary banking relationship with Stanbic IBTC or six months with another bank in Nigeria. You will complete the credit card application form and submit valid means of ID, proof of employment, address verification and salary domiciliation where required.
The Visa Silver Naira Credit Card is also available as a cash-backed option for customers who prefer that structure. Stanbic IBTC will review your banking relationship in Nigeria and verify documents before issuing the card, so prepare scanned copies for online submission if you apply via the bank’s portal.
Practical tips to maximise benefits
To get the most from the Visa Silver Naira Credit Card, always repay purchases within the 55 days interest-free window to avoid the monthly interest rate. Use Stanbic IBTC internet banking to schedule payments, check statements and set alerts so you never miss due dates and incur the credit card management fee or penalties.
Make use of local lifestyle opportunities—dining, shopping and travel offers—available to cardholders, but watch your revolving credit limit and ATM withdrawal fees. If in doubt, call Stanbic IBTC 24-hour support for guidance on transactions, Verified by Visa queries or how fees like the issuance fee and ATM charges apply to your account.