Ecobank Ghana Limited, the local subsidiary of the pan-African Ecobank has chalked another first, by being the first bank in Ghana to offer a credit card. The card is not only denominated in cedis, but is also acceptable at any VISA ATM or Point-of -Sale, in Ghana and around the globe.
The new credit card offering allows Ecobank customers and non-customers alike, to make purchases online/offline now and then pay later within their credit line. This credit limit according to Ecobank, is determined by the verifiable monthly income of the credit card holder. The service at this time is targeted at entrepreneurs and salary-earners.
Another interesting feature is that, purchases made using the card are interest-free, for 45 days. Thus if a credit card holder pays back for the purchases made within 45 days, there would be no additional interest on the money. This however does not apply to ATM withdrawals which are charged from the day of withdrawal.
At the end of each month, card holders can pay-off all the credit, or at least 25% of it, by paying cash or cheque at any Ecobank branch in Ghana.
It is time for Paypal to re-consider including Ghana in the countries it covers.
Another interesting development I am predicting is that, other banks will soon follow suit with similar products. It won’t be long before innovative banks like UBA, GTB, SG-SSB would follow suit, while the “old” banks like Barclays, Standard Chartered might take longer.
Hitherto, what were being offered by some banks in Ghana were Visa Electron Debit cards. These could be used at ATMs and POS in Ghana, and activated for use abroad but could not be used for payment on the Internet. Banks currently offering Visa Electron include: Standard Chartered, SG-SSB, Ecobank, Barclays, Cal Bank, Stanbic and GTB Ghana.
Out of the about 300 ATMs in Ghana, 200 are VISA certified, and major shops accept VISA cards, as well as other international brands of credit/debit cards.
Related posts:
- Ecobank launches Naira-denominated credit card
- Zenith Bank Visa Cards
- Problems with credit/debit cards issued in Nigeria
- Ecobank is burning (wasting) money!!!
- Ghana: Mastercard coming to town
- Etranzact Cardholders can use their cards in Ghana and Nigeria
- e-gold going down?
- e-gold has gone haywire
- GoDaddy Gift Cards. Buy with e-gold.
- E-Zwich: Ghana’s National Payment Platform/ATM network
Twitter Updates
Please how do i get one of your credit cards. I am applying for an on line job and the company will like to be me through a credit card. I am a customer of ECOBANK Thank you.
hey, prince, am also facing the same probelm, am also applying for an online job, and i need visa, card to pay, but i think i went thire office and they assured me that if i open the curent account they will give me.
i want you transfer my account to a gold card and also used some to opened an account in you bank in ghana
how do i apply using another banks account to ecobank account
I checked the Ecobank site and this is not mentioned. I really need to buy stuff online. my inability to buy online is killing me and i think this is very unfair to some of us who love to live online. Great opportunities out on the internet but i can’t get into it because i dont have any purchasing power. I get soo sad most of times i bump into great ebooks and software that i would really really love to have and i can afford it but i cant buy it because i don’t have online purchasing power. I use to order virtual credit cards with egold i buy from web4africa.com but when egold went down my little hope also went down. so what is wrong with Ghana banking market. Please i would love to hear more from you if there are any ways i can obtain a pre-paid or a credit card that i can use to buy stuff online. Please let me know if any. I am about to follow you on twitter as well.
Christopher, you can look for VCC sellers that accept Liberty Reserve.
Cheers.
I am ofering an online course in the US and face so many challenges in payinng my school fees. can this Credit card help me pay my school fees? If yes, what do I do to acquire one and how soon can I get it.
Thank you.
Ibrahim, I suggest you visit the Ecobank branch nearest to you. They are in the best position to assist you.
The same thing applies to everyone else who has the same question.
I will be working there in Ghana. Can I apply for credit card when I am there and can I use same card in Ghana to make purchases in person or on line.
i need a visa credit or debit card for use in Ghana
hi, well i know that the visa cards that ecobank gives out is also the debit cart and u can go to the nearest ecobank branch to apply for it that is if you have an account there already. if not, kindly walk in and you would get the right assistance. thank you
pls i need it master or visa card, either credit or debit for use in nigeria and urgent.
please ! what and what do i need to get the gold visa card?
i am not a customer of the bank.
I would like to know the requirements needed before one can receive a visa credits card.
Edward, you should visit the nearest Ecobank branch.
Best wishes.
HiIm Australian, my husband is stranded in Ghana because the banks in Ghana dont accept his credit card, his visa has expired and he has nomoney to renew it and i dont have money either, is there anywhere in Ghanahe can gethelp. thankyou. Sharon
please i need to create an account and get a visa credit card
I want to open an account in ecobank and set up a pay pal connected to it so my father can transfer or send money into it for me to be paying my school fees…I want to know if it can be possible to do that…
is it eco bank and visa card are the same
Please hell mi please i wat tu cnt whit un of ECOBANK IN GAHANA (Acra)
How much income do one need to open ecobank account
how do i get the visa card am in tema and i do not have an account whith whith ecobank.is it posible to register on line too?i need the hot line of ecobank ghana tema
plaes i will to be infor for my acunt please replay me
Am not yet 18 can i apply for a credit card
How much at least is required to open an account and aquire a credit card at your bank?
My account expired in may 2010 and i want to operate it. What do i do. Pls. Help me. Am in kumasi n the branch was takoradi.
can ecobank visa electron debit cards still be used for online purchases in Ghana?
I never knew Ecobank’s Visa Electron cards worked on any website. Did they?
i want one to buy some gadgets in america………am in shs 1
how can i get the eco bank credit card
The Visa Electron are not permitted to perform internet transactions. However, Ecobank has Visa Classic (debit card) in addition to the Visa Gold (credit card). These can be used to purchase or make payments on any website.
Please I need a VISA card to trade on the Internet. What am I do do ?
Please how do i get a credit card?im a student
Please i want to know if Eco bank is in koforidua? And how do i get a credit card in Ghana?
I am abussines man in how could i get a master card
I am abussines man at kumasi
how could i get a
master card
Ghana Commercial Bank issues Mastercards. Contact them.
pls how can I get the credit card I’m customer of UBA banks here in ghana.
Please is there any way i can apply online? If so, how do i get it since am not a customer of Ecobank.
Please advise me Sir, I got an internet online business to do very urgently and it requires a credit card registration. I m a customer of ECOBANK but with limited balance credited to my account before I fled Cote D’Ivoire as a result of the recent conflect.
Talk to Ecobank directly.
i want a visa card how will i earn one
thank oluniyi ajao. I still dont know why some people are still asking daft questions when most of the answers are in the article and others that you can figure by common sense. The man is not ecobank!