Access Bank Plc yesterday unveiled credit card for the University of Lagos (Unilag) students. The lender introduced credit card that is loaded with N20,000 to the students, with the fund reloaded, on exhaustion. The product is meant toimprove credit access to the students.

Speaking at the unveiling of the product at the Unilag branch of the bank, the lender’s Executive Director, Personal Banking, Victor Etuokwu, said the future belongs to the youths and that simply saying so, is not enough.He saidthere isneed to trust them with funds.

“We want to teach young people to be responsible borrowers. By giving them credit cards, we are teaching them how to plan their financial lives and spending,” he said.

According to him, the credit card will enable the students show responsibility early in life.



Also speaking, Access Bank’s Product Manager, Student Credit Card, Jite Omo-Udoyo, said the lender does not want to see students go broke, hence the introduction of the credit card would enable them have ready cash to spend.

“We do not want to see you go broke. We have developed a card where you can borrow N20,000 and spend it anytime and payback later. I know that some students may not have enough money during examination periods, and at such times, the credit card can be of great help,” he told the students.

Omo-Udoyo said the money from the credit card can also be used to pay school fees, serve as allowances, and at the end of every month, the bank will provide the student with expenditure plan.

He said that once a student has paid back the money, another N20,000 will be reloaded into the card.

On the requirement to enjoying the product, he said the student needed to open an account with the bank, and will be issued the credit card, and from that moment, the student will never run out of cash from the beginning to the end of the semester.

Besides, the card can also be used on Point of Sale (PoS) machines, to transact transactions abroad, and among other major uses.

http://thenationonlineng.net/access-bank-unveils-credit-card-unilag-students/

CC: lalasticlala

Access bank is a students' bank....

gee guys been dancing skelewu



but the credit score low sha

better ooo

Big ups to access bank,hw many likes can they get?