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Re: Differences Between Debit And Credit Cards by Greene66: 3:05am On Aug 23, 2017 |
Dottore: Wrong! I have a dollar denominated credit card with GTBank which can transact all over the world EXCEPT in Nigeria. I can't use it in Nigeria. I use it mostly when I travel. I like their settlement and repayment framework. You should explore more before making conclusions. It's 2017 sir ! 2 Likes 1 Share |
Re: Differences Between Debit And Credit Cards by bidez(m): 3:26am On Aug 23, 2017 |
Na mumu dey worry dat one leave am |
Re: Differences Between Debit And Credit Cards by franugo(m): 3:45am On Aug 23, 2017 |
King4Roller: lemme just pretend dt i didn't see this |
Re: Differences Between Debit And Credit Cards by salford: 3:49am On Aug 23, 2017 |
linearity:I thought credit card are unsecured debt... a secured credit card is beginning to sound like a prepaid card. |
Re: Differences Between Debit And Credit Cards by salford: 3:53am On Aug 23, 2017 |
Greene66:Naija CC are kind of strange. Just checked the requirements for GT bank. It says on the website that one needs to usually have a dollar account. A credit card should also be able to work in any country including its country of origin. Infact it should be domiciled in the local currency. I guess they sort of modified it because Nigeria is really not ripe for the real credit card type transactions. Checked standard chartered Gold CC. That is a proper credit card. |
Re: Differences Between Debit And Credit Cards by baba4thegehs: 4:04am On Aug 23, 2017 |
hardywaltz: To effectively operate a credit card system in Nigeria the economy needs to well structure, sufficient data of every individuals has to be captured and in graining the culture of honesty and integrity to the citizen. In American people don't run away from their debts, even if they have to the chance to, but here in Africa trust me some folks will run away when the have the opportunity to. 3 Likes |
Re: Differences Between Debit And Credit Cards by Nobody: 4:05am On Aug 23, 2017 |
Mynd44 wetin be your pin code numbers of ya credit card i wanna make some purchase on Nairaland |
Re: Differences Between Debit And Credit Cards by Greene66: 4:43am On Aug 23, 2017 |
salford: I also have the Naira denominated Credit card as well with same GTBank. Which works all over Nigeria EXCEPT outside Nigeria. I think every bank has their own credit policies. I don't think there is a 'proper' credit card. Each bank their own. But the point is, credit cards are available. 1 Like 1 Share |
Re: Differences Between Debit And Credit Cards by linearity: 5:02am On Aug 23, 2017 |
salford: Yes, secure credit card is a kind of prepaid card but card but better. It's a bridge between credit card and debit card. Like you indicated, credit card are unsecured and as such, the bank need somehow of knowing you will pay back, the most popular way of knowing this is your history of past credit payments from others....this becomes a catch22...since you can't establish history of past credit repayments until someone gives you that credit...and nobody is willing to give you that credit until they see some past payment history.... That where secure credit cards come into play...with debit cards and prepaid cards, you are spending your money, they are not credits and as such no body keeps records...with secure credit card...you approach a bank that offers that facilitates and give them say N500k, then they issue you a credit card secured by that N500k...each month they send you a bill and each payment is recorded in your history as credit payments...you don't have access to your N500k until you either close the account or the bank has established enough history and converts that secured credit card to an unsecured one. Credit cards are preferred anytime any day compared to debit cards, they offer more features and better protections. 2 Likes |
Re: Differences Between Debit And Credit Cards by Unionised(m): 5:07am On Aug 23, 2017 |
hardywaltz: And who told you that? If you are viable enough, your bank would have offered you one. Say what you know oga. |
Re: Differences Between Debit And Credit Cards by odinga1of: 5:08am On Aug 23, 2017 |
handsomebanana: Best comment so far 1 Like 1 Share |
Re: Differences Between Debit And Credit Cards by bravehost4u(m): 5:26am On Aug 23, 2017 |
I have been using a diamond bank credit card for over 5 years... It simply serves as my cash reserve for emergency |
Re: Differences Between Debit And Credit Cards by claremont(m): 5:30am On Aug 23, 2017 |
Greene66: A 'proper' credit card should work worldwide with no restrictions (bar processing/exchange fees), what your bank gave to you isn't a proper credit card. It's difficult to implement a proper credit system in Nigeria at the moment, there is an abject lack of data on the credit profiles of people who make financial transactions. A BVN is a step forward, but it remains a single step. |
Re: Differences Between Debit And Credit Cards by Greene66: 5:42am On Aug 23, 2017 |
claremont: Like I mentioned earlier, Every bank have their own policies. The credit policies defer from one another. The bank has a credit card that works outside Nigeria. I have both cards. So I don't see the problem here. And finally, my HSBC Bank Credit card from India is blocked in Iran, Iraq and some few countries. Do you say HSBC did not give me a proper credit card too? |
Re: Differences Between Debit And Credit Cards by cr7rooney10(m): 5:42am On Aug 23, 2017 |
Borrow card |
Re: Differences Between Debit And Credit Cards by bigtt76(f): 5:45am On Aug 23, 2017 |
Nice one buh you for do the comparison by including ATM - Difference between Credit Card/Debit Card/ATM. Many still call these bank issued cards ATM eg I forgot my ATM at home so I'm out of cash Please ATM means Automatic Teller Machine and not the same as debit or credit card. Rather it is the machine that enables you draw cash using those cards as if you are at a bank branch transacting over the counter. Modern days ATM allows you to do deposits and other banking activities outside banking halls. mokoshalb: 1 Like 1 Share |
Re: Differences Between Debit And Credit Cards by abfalkolly(m): 5:48am On Aug 23, 2017 |
kennygee:In abroad where dre is technology to pursue credit card fraud n defaulters,am sure alot of fraugsters still go without been caught...dre is no perfect society,n if u wait for one,u will remain stagnant.. |
Re: Differences Between Debit And Credit Cards by omoiyalayi(m): 6:14am On Aug 23, 2017 |
Credit or debit card as long as I buy things or can make any transaction with both no qualms Everything still boils down to money May we never lack money to make our cards work Today is my birthday nairalanders please show some love 3 Likes |
Re: Differences Between Debit And Credit Cards by madridguy(m): 6:28am On Aug 23, 2017 |
Nice information. |
Re: Differences Between Debit And Credit Cards by Snowkel(m): 6:30am On Aug 23, 2017 |
hardywaltz:There is credit card � in Nigeria, first bank issued me one, cuz its my salary account. I can use it in buying anything online as long I don't exceed my limit. 1 Like |
Re: Differences Between Debit And Credit Cards by drealtruth(m): 6:33am On Aug 23, 2017 |
. |
Re: Differences Between Debit And Credit Cards by Nobody: 6:46am On Aug 23, 2017 |
eezeribe: I have seen a Robert Kiyosaki fan. |
Re: Differences Between Debit And Credit Cards by Nobody: 7:02am On Aug 23, 2017 |
eezeribe:...and made a great population into ''poor dads'' (and moms). |
Re: Differences Between Debit And Credit Cards by Mosb(m): 7:03am On Aug 23, 2017 |
OlaJnr:. Lol. Boss I dey load... and MD dey available for account |
Re: Differences Between Debit And Credit Cards by Mosb(m): 7:03am On Aug 23, 2017 |
roqrules04:. W 1 Like |
Re: Differences Between Debit And Credit Cards by mokoshalb(m): 7:17am On Aug 23, 2017 |
bigtt76:Thanks for the contribution... Yea, so many misconceptions on that too... |
Re: Differences Between Debit And Credit Cards by Nobody: 7:24am On Aug 23, 2017 |
abfalkolly: I know that. But do you know how many loans go bad in Naija? People take up loans they don't intend to pay back, the US is a debt inclined economy, we can't try that in Naija. 1 Like |
Re: Differences Between Debit And Credit Cards by Welcomme: 7:27am On Aug 23, 2017 |
Danny4u:I am interested... Adewalep4@gmail.com |
Re: Differences Between Debit And Credit Cards by tomieyRozay: 7:40am On Aug 23, 2017 |
please,I need Confirm site to buy Live Cc for Carting . |
Re: Differences Between Debit And Credit Cards by erico2k2(m): 7:43am On Aug 23, 2017 |
9jvirgin:Capital one are thieves .always get a credit card from your Bank |
Re: Differences Between Debit And Credit Cards by Nobody: 8:17am On Aug 23, 2017 |
iamdotune:Shay u wan teach me work ni Spammed cc dey sites wey guys dey use card stuffs $15 each some might be dead anyway Hma 1 year 5k |
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