A virtual credit card is a card with all the features of a regular credit card, but one that isn’t physical. While it isn’t available in plastic like a physical card, it is an online account like your regular bank account. Keep reading to learn more about the best virtual credit cards in Nigeria for 2022.
Virtual credit cards allow you access to your bank accounts and make transactions in the same way as a physical debit or credit card without carrying it around. Some virtual cards also offer cashback deals which means you can earn rewards on everyday spending like groceries or utilities.
Virtual cards are convenient because you don’t have to find receipts every month or worry about your lost debit/credit cards. By using these cards, you are protected by fraud policies that help refund any unauthorized purchases or charges. Virtual cards also have lower fees than most physical credit cards.
There are some top-tier virtual credit cards out there that can offer loads of rewards and great rates. Not just anyone can get the best virtual credit card in Nigeria. You need to be serious about your spending behavior and have a certain income level to apply for the top-notch cards.
Need to make online payments? This is where Barter by Flutterwave comes in. Barter specializes in mobile money and digital wallets, which means they can help turn your cash into a digital wallet and vice versa.
All of the features on this app allow you to send and receive money from abroad. You can fund it from your bank account, bank card, or mobile money account. The Barter app also enables you to make online payments on most websites for items like utilities, groceries, tuition fees, and even transportation fares.
Banks are surely making their way into the virtual world, and a few in Nigeria have been leading the charge with the introduction of credit cards, which give you access to your bank account on your smartphone. Joinfibo.com currently offers free credit cards, zero-interest loans, and many other features. The best part about these cards is that they’re easy to use, and you can even pay for goods or top-up data or airtime with them!
This is a credit card that you can get with no payment in the beginning. This particular card has an option that allows users to access funds up to ₦1 000 000. There’s no interest charged on this card like with traditional cards.
This is meant to be used for bills, other goods and services, and personal emergencies when you need funds quickly. If everything goes smoothly and you pay your bill every month, there’s also no interest charged on the account balance like a typical credit card company. If you want to fund your Fibo Credit Card account with your personal funds, you can do so online.
This is a Nigerian startup that offers virtual and physical naira and dollar cards. Considering the true nature of these credit cards, it makes them great for traveling, which is something many Nigerians are struggling to do due to the increase in theft.
For travelers who don’t want the physical card to be seen when traveling, this digital wallet is 100% risk-free. All you need to provide is your email address at checkout, and your billing information will remain private as well!
Eversend is a fintech startup that offers multi-currency accounts in Nigeria and other African countries. You can charge your account in different ways. This card allows you to make payments anywhere online.
Eversend is a great choice for anyone who is tired of losing money by exchanging currencies in an offline office. You can also use the app and card to transfer funds to your Nigerian account from anywhere around the world.
ALAT by Wema Bank is an existing account where money can be paid in and withdrawn from at any time. It works like a credit card, except it doesn’t involve anything physical. It’s very easy to use and is a great way to keep your money safe while you make transactions online.
We recommend that if you’re currently using a virtual credit card but are unhappy with the service, you should check out ALAT as an alternative.
This fintech company offers online financial services in Nigeria. Fundall provides a wide range of financial services to private and business customers.
They provide loans, digital wallets for secure money transfers to friends and family members, purchase protection on purchases made from the Fundall app, secure payment gateways for payment processing on websites or apps, easy access to a digital banking service encouraging savings by providing competitive interest rates on deposits with no transfer limits as well as monthly statements.
Virtual credit cards are a good option for those who want a safe way to keep their money well-managed financially but still want access to their bank accounts at all times. To get the best virtual credit card in Nigeria for 2022, Fibo is a great option, you just need to drop in your contact details and receive an invitation.
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