The FCMB Visa Classic Credit Card is a revolving credit card that allows you to make electronic payments. This is a Naira-denominated, globally accepted credit card. Thus, over 170 million establishments throughout the world accept it. You can also withdraw money from any Visa-branded ATM throughout the world. On or before the payment due date. Hence, you can choose to pay back the entire amount charged to your card, plus transaction fees. If you do, you will be eligible for a 40-day interest-free period.
Who needs the FCMB Visa Classic Credit Card?
The Visa Credit Card is a rolling credit card that allows you to make debit cards. It is indeed a Naira-denominated, globally approved credit card. This can be used in whatever denomination, however, the regular payments will be made in Naira. About 170 million establishments throughout the world recognize it.
Customers can also withdraw money from any Visa-branded ATM throughout the world. On or even before the final payment period. Users can choose to cash off the entire amount charged to their card, plus processing fees. When you do, you will be eligible for a 40-day with no interest term. FCMB also offers a new Cash Secured Credit Card to its customers.
On the other hand, it is a separate product from the FCMB Visa Classic Credit Card. That option is open to both employed and non-salaried people. Thus those who are prepared to safeguard their credit limit using cash in their savings account. Entrepreneurs, Self-Employed Clients, Investment Customers, Merchants, and others have total liabilities customer deposits.
Documents required for application
If you are an Existing Salary Plus Loan Customer and you need an Unsecured Credit Card with clean credit. Then you must provide a duly completed Visa Credit Card Application form. You will also make available the employer’s commitment to domicile salary within the credit card tenor. Include Waived for existing loan customers who submitted Employer’s commitment letter after May 2013.
You must also provide 1 blank, undated but duly signed cheque leaf. This cheque must be issued in favor of “Applicant’s Name/ and FCMB Account details. You must also provide a valid ID card and 1 passport photograph including a duly signed Important Information Document (IID). However, if you are a non-salaried customer looking for a Secured Credit Card.
As a result, if you are a self-employed customer, you are a businessperson, a trader, a traveler, a tourist, and so on. As a result, the requirements for prospective applicants are varied. Let us quickly take you through the requirements. Therefore you would require a duly completed Visa Credit Card Application Form from the FCMB website of the office. You will also need to provide the Customer’s instruction to lien collateral amount and a valid means of identification.
However, you will also need to come with 1 passport photograph if the account is more than 2 years old to apply for this credit card. However, you will also need to come with a duly signed Important Information Document (IID). Other additional requirements where investment is owned by a Limited Liability Company. It will also demand the company’s board Resolution and Current Form C07.
How to activate the FCMB Visa Classic Credit Card
The application process is very easy! Hence for you to get the card, then Simply follow the process below. Hence Request that the Credit Card be activated by the Customer Service Manager (CSM) at the branch. You will need to provide your Credit Card account number and then the bank’s CSM activates your Credit Card immediately. Finally, you can now change your PIN at any FCMB ATM.
Reasons why you can be denied of the FCMB Visa Classic Credit Card
However, due to several coagent causes, the customer’s application may be denied. For example, if you have a poor credit history on existing loans. Thus including a high Debt Burden Ratio -DBR. As a result, the DBR is somewhere around 40%. As a result, they have a low credit limit. This indicates a credit limit of less than N25,000 for this credit card. However, this petition may well be evaluated on the long term basis.
Other useful information to note
Moreover, even outside Nigeria, all payments with this credit card will be translated to Nigerian Naira. Therefore, when certain deals are executed, they are handled at the official currency rate. Hence users will disclose their credit information with credit bureaus. Thus including other financial institutions as legally required.
As a matter of fact, the material is provided for customer convenience, therefore, does not take the place of their credit card deal. So their financial institution will make sure that the card is updated. FCMB will do everything they can to get the credit card to customers. However, this must be just before the end of the period the credit card is due to expire.
However, It’s critical for consumers to contact FCMB about their trip plans before traveling internationally. This will assist them in ensuring that customers’ services are not disrupted. Furthermore, remind them to study their regular bank statements. And report any discrepancies before 30 days of the document’s due date. Thus in event that you want to challenge a payment on your credit card account. However, please feel free to contact the bank’s client service department.
Conclusion
We have been able to detail all the important aspects of the FCMB Visa Classic Credit Card. But we also advise that before purchasing a credit card. Thus kindly read about other credit cards from our homepage. And also contact the bank for further details about the best options for you and your family.
