Types of Credit Cards from Altbank

The Alternative Bank, AltBank, started as a non-interest bank operating under Sterling Bank Nigeria in January 2014. In July 2023, AltBank got its licence to operate as a bank on its own with Muhtar Bakare as the Chairman, Hassan Yusuf as MD/CEO as well as other executives and non-executives. AltBank has since been providing flexible, hassle-free banking services, with a strong commitment to its customers. There are various types of credit cards from Altbank as well as services and products. These products and services include:

• AltPower: Providing customers access to solar power with flexible payment options as well as a never-before shopping experience.
• AltMall: Provides consumers with an online shopping experience where they can buy their favourite products installmentally without interest.
• AltInvest: Customers are allowed to make investments with The Alternative Bank, with a promise of juicy returns.
• AltDrive: Owning a car is now made easy with AltDrive. You can get your dream car without hassles by making a deposit, and subsequent installment plans. Users have the opportunity to purchase new, foreign used or Nigerian used cars of their choice.
• AltMobile: Offers you the benefits of owning a new mobile device that suits your taste without breaking the bank. Unlike AltDrive and AltPower, you do not need to make an initial deposit. You also get an insurance cover on your mobile device which covers theft or accidents.
• AltBiz: Business owners can get financial assistance to purchase tools and equipment as well as raw materials for their businesses. AltBiz offers up to ₦5M (five million Naira) in loans to businesses; a flexible repayment option as well as a 24-month tenure.

AltBank’s credit cards offer several benefits and are uniquely innovated to fit each and every user’s need. In this article, we discuss these credit cards and their features.

Types of Credit Cards from Altbank

Altbank Covered Credit Card

Features:

• Naira denominated
• 3D secure transactions requiring a One-time password (OTP) for verification 
• The card has a validity period of three (3) years
• Flexible payment options on the card
• No interest was charged on the card
• One time Issuance fee of ₦1,000  
• Does not have an annual maintenance fee

AltBank World Elite MasterCard Credit Card

Features:

• Dollar-denominated, linked to a Domiciliary account. This means that while you are abroad, you can link the card to your domiciliary account and operate it as a dollar card.
• Global acceptance wherever the Mastercard logo is displayed
• Access to over 1,000 airport lounges in over 135 countries worldwide as well as special privileges, complimentary services and discounts up to 15%.
• 3D-secure transactions require a One-Time Password (OTP) for verification.

AltBank Platinum MasterCard

Features:

•  Enhanced transaction limits and personalized services that are as unique as you are.
• Dollar-denominated
• Contactless transactions
• Exclusive services
• Recognized internationally where the MasterCard logo displays
• Enhanced transaction limits.

AltBank MasterCard Credit Card

Features:

• Fast and easy bill payments
• Seamless transactions anywhere in Nigeria
• Acceptable by a wide selection of merchants
• Acceptable by all ATMs in Nigeria.
• Secure, cashless, cutting-edge payment solutions.

AltBank World MasterCard Credit Card

Features:

• Global acceptance wherever the Mastercard logo is displayed.
• Contactless capability and EMV compliance. EMV chips on cards help to safeguard them from fraud.
• 3D-secure transactions require a One-Time Password (OTP) for verification.
• Access to over 1,000 airport lounges in over 135 countries worldwide as well as special privileges, complimentary services and discounts up to 15%.
• Naira denominated, linked to Naira account. Unlike the World Elite Credit Card, this card links with your Naira-denominated account, allowing you to perform Naira transactions.

Getting registered on AltBank is fast and easy as all you need to do is download the mobile app, submit your details and start enjoying all these benefits and more.