About Zenith Bank Visa Credit Card
Zenith offers three basic credit cards namely: the Classic, Gold and Platinum.
Features:
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No collateral is required. |
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Card is attached to an approved line of credit. |
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Settlement options of 30%, 50% or all of expended amount on due date |
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The unsettled portion of the expended amount starts to accrue interest thereafter (2% on Retail balance outstanding) |
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Interest charge on Cash Withdrawals starts from the date of the transaction |
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Monthly fees is $5 for all cards, while penal charges will apply in case of any default |
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Risk Assessment Form (RAF) and Credit Approval Form (CAF) need be completed. |
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POI/Channels: POS, ATM, Internet, Telephone and also Card to Card for Visa cards only |
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24hrs online access to transaction history. |
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Monthly statement available. |
Benefits Of The Product To The Customer:
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Reduces risk of cash handling. |
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Convenient means of making payment. |
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Description of Visa Credit Card:
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The cards are issued against a credit line approved by the Bank for the customer. No collateral is required. Customers can settle in Naira for transactions done locally in Nigeria |
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Cards can be used on Point of Interaction (POI) such as Point of Sales (POSs), ATMs, Telephone or on the Internet. Card to card funds transfer is available on Visa cards. |
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Partial or full repayment of amount spent is allowed. |
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Unpaid balance attracts interest charges. |
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Risk Assessment Forms (RAF) and Credit Approval Forms (CAF) must be completed and approved by the Account Officer and the Branch Head respectively |
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Credit cards are issued as Classic, Gold or Platinum depending on the approved limit based on customer’s credit rating. |
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Final approval is subject to the bank’s Credit Approval process which is a combination of Branch |
Channels on which the Credit Card can be used:
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On the Internet: here the cardholder supplies his information online by providing his details as requested. |
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On an ATM machine: You can use your Visa on Zenith Banks’ ATM to make withdrawals, check balance e.t.c |
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On a P.O.S terminal: It can be used in a shop that accepts Visa as a means of payment. Here the cardholder would swipe his card on the POS terminal available in the shop and supply his PIN no. as the case may be and enter the amount he wants to pay for. A receipt would be issued to him at the end of his transaction |
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Visa Platinium Credit Card |
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CARD TRANSACTION PARAMETERS
| Cash (ATM Trxn) |
Classic |
Gold |
Platinum |
| DAILY |
Max Transactions |
5 |
7 |
9 |
| Total Amount ($) |
650 |
750 |
1000 |
| MONTHLY |
Max Transactions |
15 |
20 |
30 |
| Total Amount ($) |
5000 |
20000 |
50000 |
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| Cash (POS & INTERNET) |
Classic |
Gold |
Platinum |
| DAILY |
Max Transactions |
15 |
20 |
30 |
| Total Amount ($) |
2000 |
7500 |
20000 |
| MONTHLY |
Max Transactions |
40 |
60 |
80 |
| Total Amount ($) |
10000 |
30000 |
200000 |
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Credit Card
Fees |
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CLASSIC |
GOLD |
PLATINUM |
Basic Subscription/Issuance Fee ($) |
50 |
100 |
200 |
Annual Fee ($) |
50 |
100 |
200 |
Renewal Fee ($) |
50 |
100 |
200 |
Re-Issue ($) |
30 |
50 |
100 |
Supplementary ($) |
30 |
80 |
180 |
Renewal Supplementary ($) |
30 |
80 |
180 |
Late Payment ($) |
30 |
30 |
30 |
Late Payment (N) |
4500 |
4500 |
4500 |
Over Limit Fee ($) |
30 |
30 |
30 |
Over Limit Fee (N) |
4500 |
6000 |
7500 |
Monthly Fee ($) |
5 |
5 |
5 |
Interest Rate on POS ($) |
1.5% |
1.5% |
1.5% |
Interest Rate on Cash ($) |
3.5% |
3.5% |
3.5% |
For further enquiries on any of the Bank’s card products please contact:
Card Services
Zenith Bank Plc
Plot 84 Ajose Adeogun Street
Telephone: +234 01 278 1740, 278 2273.
Fax: +234 1 2700438
E-mail: cardservices@zenithbank.com
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About Visa Debit Card
The Zenith Bank Visa Debit Card is linked directly to customers’ Naira account (current or savings) and also the Cash Dom USD account. This unique feature makes the Visa Debit a dual currency card; ideal for local ATM and purchase transactions in Nigeria and also for foreign transactions outside Nigeria.
Therefore for transactions in Nigeria, Naira will be debited from the current or savings while transactions outside the Nigeria will be debited from the USD cash dom account.
Features:
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Unembossed Dual Currency Visa Debit card |
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- Spend in Naira for local transactions
- Spend in USD for transactions outside Nigeria
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EMV Chip and PIN card. |
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The card is issued free |
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No Interest charges; no collateral required |
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Online access to transaction history through Internet Banking |
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No settlement required as cardholder spends only funds available in his/her account. The card is linked to customers’ Current OR Saving account and a cash domiciliary account providing access to available funds for transactions. |
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Accepted worldwide (including Nigeria) at over 29 million merchants, 1 million ATM locations, for Internet |
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and MO/TO ( – Mail Order/Telephone Order) where the Visa logo is displayed |
Benefits Of The Product To The Customer:
CARD TRANSACTION PARAMETERS
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Credit Card
Fees |
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Basic Subscription/Issuance Fee |
N500 |
Annual Fee |
N500 |
Renewal Fee |
N500 |
Re-Issue/Replacement |
N500 |
Pin Re-Issue |
N150 |
Retail Transaction Fees (Domestic) |
0 |
Retail POS Transaction Fees (Int'l) |
2% |
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ATM Transaction Fees (On Us) |
0 |
ATM Transaction Fees (Domestic) |
N100 |
| ATM Transaction Fees (Int'l) |
$4 |
Cash Advance (On Us) |
N200 |
Cash Advance (Domestic) |
N400 |
Cash Advance (Int'l) |
$4 |
| TRANSACTION PARAMETERS |
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Local Trxn Parameters |
Foreign Trxn Parameters |
GOODS NUMBER OF TRANSACTIONS LIMIT |
15 times |
25 times |
GOODS LIMIT (AMOUNT) |
#1,000,000 |
$10,000 |
GOODS OFFLINE LIMIT |
0 |
0 |
CASH NUMBER OF TRANSACTIONS LIMIT |
5 times |
5 times |
CASH LIMIT (AMOUNT) |
#100,000 |
$3,500 |
CASH OFFLINE LIMIT |
0 |
0 |
CARD-NOT-PRESENT LIMIT |
0 |
0 |
CARD-NOT-PRESENT OFFLINE LIMIT |
0 |
0 |
For further enquiries on any of the Bank’s card products please contact:
Card Services
Zenith Bank Plc
Plot 84 Ajose Adeogun Street
Victoria Island, Lagos.
Telephone: +234 01 278 1740, 278 2273.
Fax: +234 1 2700438
E-mail: cardservices@zenithbank.com
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About Visa Prepaid
The Zenith Bank Visa Prepaid card offers you the recognition of a globally accepted payment card with the convenience of a prepaid card.
Limit the Risk
...because it accommodates low card limit and eliminates overspending.
The Visa Prepaid Card
A Visa Card Prepaid Account is your solution to securely make your transactions via ATMs, POS, Internet and MO/TO ( – Mail Order/Telephone Order).
For just $20 a year, the Visa prepaid is the solution to most of your global payment needs. Simply pay at any Zenith Bank Branch and a Visa Prepaid card will be issued in your name with a limit of your choice.
Alternatively, you can pick up a Zenith Buxz non-personalized prepaid card.
Features:
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The Zenith Visa Prepaid cards are unembossed. |
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The cards are compliant with global Chip and PIN (EMV) standards for additional card security. |
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They are reloadable prepaid cards denominated in USD, GBP and Euro. |
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The cards are accepted globally wherever the VISA card logo is displayed. |
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Cards can be used on the ATMs, POS, Internet as well as for Mail Orders and Telephone Orders. |
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The cards can be personalized with cardholder's name or non-personalized (Buxz). |
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Cards are VbyV (Verified by VISA) certified which provides additional security measures for online transactions. |
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Online account management to view transaction history and balances. |
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Cardholders can initiate Card-to-Card transfer on Zenith Bank Visa Banking Online site. |
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Available to Zenith Bank account holders and non account holders.. |
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Benefits:
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The cards provide an efficient and convenient means for keeping securely BTA/PTA (Business/Personal Travel Allowances) as opposed to carrying cash. |
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Cardholder can choose from 3 major global currencies. |
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Currency conversion is eliminated for payments goods and services in same currency as the card currency. |
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Reduced cash handling risks. |
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No credit checks, No collateral required, No Settlement, No Interest charges. |
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Online statements are available for monitoring transactions. |
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Note: Ensure terms & conditions are clearly understood before obtaining a prepaid card.
How to Obtain a Prepaid Card:
Activating a Visa Prepaid Card:
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Allow 24 hours from time of collection card activation to take effect |
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Re-loading a Visa Prepaid Card:
Card/Account Management Fees
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Parameter |
USD |
GBP |
EURO |
Acct. Mgt Fees |
Minimum Opening Amount |
$120 |
£60 |
€80 |
| Annual Fee |
$20 |
£10 |
€15 |
| Renewal |
$20 |
£10 |
€15 |
| Replacement/Re-issue Fee |
$20 |
£10 |
€15 |
| Reload Fee |
$5 |
£2 |
€3 |
| PIN Re-issue |
$2 |
£1 |
€1.5 |
Cash ATM Fees |
On-Us |
2.00% |
2.00% |
2.00% |
| Remote On-Us (Local) |
2.50% |
2.50% |
2.50% |
| International |
3.50% |
3.50% |
3.50% |
Cash Advance Fees |
On-Us |
3.00% |
3.00% |
3.00% |
| Remote On-Us (Local) |
3.50% |
3.50% |
3.50% |
| International |
3.50% |
3.50% |
3.50% |
Retail POS Tranx Fees |
On-Us |
1.50% |
1.50% |
1.50% |
| Remote On-Us (Local) |
1.50% |
1.50% |
1.50% |
| International |
1.50% |
1.50% |
1.50% |
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VISA PREPAID CARD TRANSACTION PARAMETERS
| Denomination |
Parameter |
Cash |
Retail |
| USD |
Daily Max Transactions |
5 |
20 |
| Daily Total Amount |
650 |
5000 |
| GBP |
Daily Max Transactions |
15 |
20 |
| Daily Total Amount |
500 |
3000 |
| EURO |
Daily Max Transactions |
15 |
20 |
| Daily Total Amount |
750 |
4000 |
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For further enquiries on any of our ebusiness services please contact:
Card Services
Zenith Bank Plc
Plot 84 Ajose Adeogun Street
Telephone: +234 01 278 1740, 278 2273.
Fax: +234 1 2700438
E-mail: cardservices@zenithbank.com
When using the prepaid on an internet Site, the delivery of the goods to your indicated address on the Merchant site is at the Merchant's discretion.
You are encouraged to ensure that the mailing address used for this application should be used also as your shipping address when shopping on the internet with your card.
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Zenith Bank Visa Cards Are
Now VbyV Secured
VbyV - Secured
Introduction
Verified By Visa (VbyV) is a service designed by Visa to protect cardholders against fraud when they use their Visa cards to make payments on the Internet. Zenith Bank now offers this great new service to all our Visa Debit, Visa Credit and Visa Prepaid cardholders.
Verified By Visa Logo
VbyV is free, easy-to-use and adds another layer of security to online payment at participating web retailers that request for a PIN password known ONLY to the cardholder. However, your card will still be accepted at non-participating web retailers.
How does VbyV work?
Obtain an iPIN for VbyV
Proceed to make payment online
On presentation of the VbyV screen, enter the iPIN
Transaction will be authorized with the right iPIN
Benefits of VbyV
Buy online with confidence. By inputing an iPIN for online payments you (the cardholder) help ensure that only you can make online payments with your Zenith Bank Visa card(s).
VbyV is Free. Verified by Visa is offered at no charge.
Discounts Available. As a VbyV registered cardholder, you can take advantage of special offers and discounts at participating online stores.
VbyV Activation for Visa Debit Cards
The cardholder is required to choose an iPIN on a Zenith Bank enabled Visa ATM.
Insert card into the ATM
Input the card PIN
Select the PIN Change option on the ATM menu and chose the iPIN option
Cardholder then inputs his card PIN
Selects a new iPIN for VbyV transactions, confirm the new iPIN.
Cardholder to wait for transaction completion message. VbyV is now activated for the Visa Debit card.
VbyV Activation for Visa Credit and Prepaid Cards
Cardholder to complete the ZenithCard Online form (Form available at Zenith Bank branches)
Submit form to any Zenith Bank branch for processing.
iPIN for VbyV will be available for collection at cardholder’s branch in 5 days. VbyV for Visa Credit and Prepaid is ready for use.
Verified by Visa Sites
Currently over 25,000 online merchants participate in the VbyV scheme; and the number is growing
FAQs
What is Verified by Visa?
Verified by Visa is a unique service offered by Visa International that uses iPIN passwords or identity information to help protect Visa card numbers against unauthorised use. Once activated your Visa card number cannot be used for online payments at participating merchants without your PIN password.
Why do I need this?
If you have a Zenith Bank Visa Card (Prepaid, Debit and Credit) and make payments online, this service is designed to give you an extra level of protection against unauthorised use.
What is iPIN
iPIN refers to Internet PIN. It is the PIN you use for payments on payments enabled for Verified by Visa
What can I do with this?
Protect your Zenith Bank Visa Card online with a iPIN password
Provides an extra level of protection for online shopping
Once you activate your credit card, no one else can use your Visa credit card number to make a payment online at participating stores (as long as your iPIN is secure)
Why should I sign up for Verified by Visa?
Verified by Visa provides an extra level of protection for online shopping. Zenith Bank always protects its cardholders against unauthorised use; with VbyV an additional level of security is provided to prevent unauthorised use online.
Will I need to apply for a new Visa card to use it?
No, VbyV is designed to protect the Visa card(s) that you already have. The service is available for all new and existing Zenith Bank Visa Credit, Debit and Prepaid cards.
How does VbyV protect my Visa card number information during activation?
VbyV takes extensive precautions to secure your card number, and it is only used for the purposes of providing this service. Payment card information is transmitted using a high level of encryption and is stored on our secure server behind a firewall.
Is Verified by Visa easy to use?
Verified by Visa is quick and easy to use. When you submit an order at a participating online store, a VbyV window will appear. If you have not activated your Visa credit card, simply complete the activation process for your type of card
I share the same card number with others. How does Verified by Visa work for all of us?
The password is linked to the specific Visa card during the activation process. This means that only the cardholder can use the card for online shopping. Additional family members will not be able to use the same card, as they will not have the password required for authentication.
Can I use Verified by Visa from any computer?
Yes. One of the great advantages of Verified by Visa is that it can work with just about any PC with an Internet connection. There is no special software to install. Once you activate your card, you simply shop as you usually do. Your Visa card number is automatically recognised at checkout. Be sure that Cookies and JavaScript are enabled and that pop-up killers are disabled on your computer.
How do I activate my card?
For Visa Debit card, you can activate you VbyV service on Zenith Bank Visa enabled ATM
For Credit and Prepaid cards, you can apply for you VbyV PIN at any Zenith Bank branch
How do I know VbyV is secure and safe?
Personal and payment card information is transmitted using a high level of encryption (SSL), and is stored on a secure server behind a firewall to protect against unauthorised access.
Can I activate more than one card?
Yes, you may activate all of your Zenith Bank branded Visa cards, as long as you are the primary cardholder.
Once I activate my card, will I use my iPIN wherever I shop?
You'll use your Verified by Visa password only at participating online stores.
How does the activation process work?
You may activate Verified by Visa for your Zenith Bank Visa Credit Card in two ways: Click activate now or activate during shopping. At Zenith Bank Credit Card we have set up your credit card to be eligible to activate while shopping. During checkout at participating online stores, you may encounter a message offering the opportunity to activate Verified by Visa for your Zenith Bank Visa Credit Cards.
If you choose to activate during shopping, you'll provide information to Zenith Bank Credit Card to confirm your identity and then create your password. On future payments at participating online stores, your Verified by Visa password will be required during checkout, ensuring your added safety.
For more information on VbyV, kindly contact Zenith Bank Card Services on +234 1 2781470, 2782273 or email cardservices@zenithbank.com
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