Credit Cards

Take full control of your account with our credit cards.

Sterling Credit Card

A card that provides access to a revolving line of credit to meet financial needs of a cardholder. It typically gives cardholders control to manage spends against their salary payments and investments at the end of each month.

• Easy access to a revolving line of credit
• Naira denominated
• Flexible repayment option
• Worldwide Acceptance wherever the Visa logo is displayed
• Up to 45 days of interest free period
• EMV compliant (Chip and PIN technology)
• Contactless capability
• Shop and make online payments worldwide
• 3D secure transactions requiring One-time password (OTP) for verification
• 3-year card validity
• Exciting offers and discounts
• 24-hour contact center support
• General inquiries and assistance from anywhere in the world, 24 hours a day, 7 days a week, provided by Visa’s Global Customer Assistance Services

• Local ATM withdrawals: N150, 000
• Local POS transactions: N2,000,000
• Web transactions: N1,000,000
• Credit Limit up to N299,999

Gold Credit Card

The gold credit card gives more in addition to the convenience in making payments. It acknowledges you have an above average spending limit and provides you with benefits that suit your lifestyle.

• Easy access to a revolving line of credit
• Naira denominated
• Flexible repayment option
• Worldwide Acceptance wherever the Visa logo is displayed
• Up to 45 days of interest free period
• EMV compliant (Chip and PIN technology)
• Contactless capability
• Supplementary card /Additional card for a loved one
• Shop and make online payments worldwide
• 3D secure transactions requiring One-time password (OTP) for verification
• 3-year card validity
• Exciting offers and discounts when you spend locally and internationally
• 24-hour contact center support
• Free access to wide range of medical and legal advice for Visa Gold cardholders. Please call +44 (0) 208 762 8373 for assistance.
• Visa’s Global Customer Assistance Services

Local ATM withdrawals: N150, 000
Local POS transactions: N2,000,000
Web transactions: N1,000,000
Credit Limit up to N499,999

Platinum Credit Card

The card offers features and benefits for the sophisticated business and leisure travelers. A world of privilege awaits you.

• Easy access to a revolving line of credit
• Naira denominated
• Flexible repayment option
• Worldwide Acceptance wherever the Visa logo is displayed
• Up to 45 days of interest free period
• EMV compliant (Chip and PIN technology)
• Contactless capability
• Supplementary card /Additional card for a loved one
• Shop and make online payments worldwide
• 3D secure transactions requiring One-time password (OTP) for verification
• 3-year card validity
• Exciting offers and discounts when you spend locally and internationally
• 24-hour contact center support
• Exclusive benefits at over 900 hotels around the world
• Free access to wide range of medical and legal advice for Visa Platinum cardholders. Please call +44 (0) 208 762 8373 for assistance.
• Visa’s Global Customer Assistance Services
• Discount on personal fast track services at over 380 international airports

  • • Local ATM withdrawals: N150, 000
    • Local POS transactions: N2,000,000
    • Web transactions: N1,000,000
    • Credit Limit up to N1,999,999

Signature Credit Card

The signature card is a premium card that offers high class leisure and travel privileges. A world of exclusivity is, designed to enrich your lifestyle.

• Easy access to a revolving line of credit
• Naira denominated
• Up to 45 days of interest free period
• Flexible repayment option
• Worldwide Acceptance wherever the Visa logo is displayed
• EMV compliant (Chip and PIN technology)
• Contactless capability
• Supplementary card /Additional card for a loved one
• Shop and make online payments worldwide
• 3D secure transactions requiring One-time password (OTP) for verification
• 3-year card validity
• 24-hour contact center support
• Exclusive benefits at over 900 hotels around the world
• Free access to wide range of medical and legal advice for Visa Signature cardholders. Please call +44 (0) 208 762 8373 for assistance.
• Visa’s Global Customer Assistance Services
• Discount on personal fast track services at over 380 international airports
• Airport Lounge-key Access – Visit www.loungekey.com/SSASignature
• Concierge Services – visit concierge@visasignature-SSA.com
• Extended warranty – For further assistance, please call +44 (0) 207 136 8631
• Travel Insurance – www.cardholderbenefitsonline.com

  • • Local ATM withdrawals: N300,000
    • Local POS transactions: Limitless
    • Web transactions: Limitless
    • Credit Limit up to N5,000,000

Infinite Credit Card

Enjoy excellent spending power with your Visa Infinite credit card, the convenience of Concierge, personalized privileges, rewards and service are at your fingertips. The card offers beyond ordinary rewards. This premium card rewards you for spending money.

• Easy access to a revolving line of credit
• Dollar denominated
• EMV compliant (Chip and PIN technology)
• Contactless capability
• Up to 45 days of interest free period
• Flexible repayment option
• Worldwide Acceptance wherever the Visa logo is displayed
• Supplementary card /Additional card for a loved one
• Shop and make online payments worldwide
• 3D secure transactions requiring One-time password (OTP) for verification
• 3-year card validity

• Exciting offers and discounts when you spend locally and internationally
• 24-hour contact center support
• Exclusive benefits at over 900 hotels around the world
• Free access to wide range of medical and legal advice for Visa Infinite cardholders. Please call +44 (0) 208 762 8373 for assistance.
• Visa’s Global Customer Assistance Services
• Discount on personal fast track services at over 380 international airports

Other premium benefits available to our Visa Infinite cardholder include:

Concierge Services:
This provides an exclusive access to a round-the-clock Executive Assistant anywhere in the world with VIP access to world-class restaurants, concerts, events and tourist activities. Please call +442071368631 or send an email to concierge@visainfinite-ssa.com

Airport Lounge Access
This offers unlimited and free access to cardholders and a guest (one guest per visit) to over 850 Lounge Key lounges worldwide through Lounge Key without additional cards or registration.
Visit www.loungekey.com/ssavisainfinite

Multi-trip travel insurance
There is a comprehensive travel insurance that covers travel uncertainties for both local and international travels as follows:

• Medical expenses and repatriation (up to $2,500,000)
• Travel advice and assistance
• Cancellation and curtailment (up to $7,500)
• Travel delay (up to $1,000)
• Baggage delay (up to $2,500)
• Hijack (up to $2,500)
• Bail bond (up to $7,500)
• Hospital benefit (up to $3,000)
• Covers cardholder, spouse and up to 5 children; age limit of 85 for all

Visit www.cardholderbenefitsonline.com

  • • Local ATM withdrawals: $1,000
    • Local POS transactions: Limitless
    • Web transactions: Limitless
    • Credit Limit as approved

FAQs on Credit Card

Sterling Visa Credit card is a revolving Naira denominated Card designed to address customer’s needs for convenience and short term loans. The bank assigns appropriate credit limit to cardholder after credit scoring.

Sterling salary account holders, Sterling bank HNIs customers, business owners willing to secure the approved card limit with their investment /cash domiciled in the Bank and non-Sterling bank account holders

Visa Classic, Visa Gold and Visa Platinum – N1000

Visa Signature -N50000

Visa Infinite – $500

Upon receipt of your completed application, if found eligible for a credit card, your new credit card will be delivered to your branch within 5 working days from the date all the necessary information is received.

To activate your Sterling Credit Card and generate a PIN of your choice, you must:

  • Call our CustomerCare numbers on 01 – 4484481 – 5 for card activation.
  • Once activation has been confirmed you are required to visit any nearest Sterling bank ATM to generate a four-digit PIN.

To generate your ATM PIN:

  • Insert your card and input any four digits PIN of your choice, select the option ‘PIN CHANGE’ and then choose ‘ATM PIN’.
  • Enter a new four digit PIN (different from the earlier one entered) and re-enter same for confirmation
  • Wait for the ATM to display “PIN CHANGE SUCCESSFUL”

ATM withdrawal Fee(Local)

3%

POS/WEB Fee (Local & International

NIL

 

Monthly Fee

Annual Fee

Visa Classic

N50

N/A

Visa Gold

N50

N/A

Visa Platinum

N50

N/A

Visa Signature

N/A

N20000

Visa Infinite

N/A

$200

 

Upon approval of customer’s request, a credit limit is assigned to customer based on his/her income, current indebtedness and capacity to repay. The total amount utilized does not need to be repaid entirely each month, a monthly minimum payment as stated in your statement is required to keep the card functional and interest will be charged on the unpaid balance after the 45days interest free grace period.

Your Credit Card statement is generated every first day of the month and forwarded to your personal email address.  If you do not receive your statement within 3 days from stated date, kindly contact customercare@sterlingbankng.com  and your statement will be sent to you

The payment due date is 30th day of every month after receiving the statement.

The least amount you must pay by the due date is the “minimum repayment”, found on your monthly statement. This amount is usually percentage of the total utilized amount plus all fees and interest. e.g., if you withdraw N20,000 plus N600 charge, you are to repay at least 10% of 20,600 which is N2060.

You can choose to pay 100% amount due and no interest will be charged on the card but if you choose to pay at least minimum amount due, the remaining balance will be carried over to the next statement period with the applicable interest charge on it.

Interest is calculated on the outstanding balance on your credit card (i.e. after making the minimum repayment), interest is calculated on the unpaid balance.

Cardholder is expected to make at least minimum payment of total outstanding balance on or before the due date (30th of the succeeding month), late payment fee of N2000 flat will be charged to your card inclusive of interest. Your Visa Credit Card account will be force debited for repayment. If after 60days (two cycles), repayment is not made, system automatically deactivates your card.

– Partial Repayment: If part of the total outstanding amount due(Which is less than the minimum repayment amount) is paid before end of the month, you have only reduced your total indebtedness and after end of the month, you will still be required to make payment of at least your minimum amount due on or before payment due date .

– Minimum Repayment: If the advised minimum repayment amount is made available on or before the 15th of the succeeding month, the remaining balance will be carried over to the next statement period with the applicable interest charge on it.

– Full Repayment: If total outstanding amount due is paid before end of the month, you have cleared your total indebtedness and when statement is generated, your outstanding amount to be paid will be zero (0).

You can make payments in several ways:

– Through Alternative Channels(Internet banking, mobile banking)

– Complete a deposit slip with the card account number and pay over the counter.

Please notify us immediately by calling our Customer Care on 01- 4484481-5. This will protect you from subsequent unauthorized use of your card and enable us to provide you with a replacement card.

Yes you can have supplementary card attached to your card. You and your supplementary cardholder shall share a single credit limit.

Yes you can have supplementary card attached to your card. You and your supplementary cardholder shall share a single credit limit.

If you notice any unauthorized transaction on your card, kindly call our Customer Care immediately on 01-4484481- 5 or email customercare@sterlingbankng.com

If you have any complaint, kindly contact your branch or call 07008220000 or email customercare@sterling.ng

Credit card fees

Interest fee on amount spent (Outstanding): 2.5%
Insurance premium on limit: 1%
ATM Withdrawal Fee: 3%
Card Fee: N1,000
Late payment fee: N2,000
Repayment Period: 16th – 30th day following your spend date.

Representative Example

Let’s look at John. John gets a card with limit of N100,000 and spends N50,000. Scenario A: If John pays back the N50,000 during the repayment period, he will not be charged any interest.Scenario B: But if John chooses not repay the N50,000 (amount spent)yet, he is expected to make at least 10% of amount spent as repayment, this is therefore N5,000. Following that, he now owes N45,000 (N50,000 – N5,000) and a 2.5% Interest on this 45,000 = N1,125 bringing his outstanding to N46,125 Naira.