A credit card is a plastic card issued by a bank that allows an individual to purchase goods and services up to a certain limit. This article covers how to get a credit card in Ghana.
Credit card is a line of credit which the borrower draws on whenever required. The issuing bank of the credit card determines the limit a customer can borrow. However, before they issue the credit card, they assess the customer’s credit worthiness.
Getting a credit card in Ghana helps to curb the chances of loss of cash and encourages cashless financial transactions. The credit cards that are rampant in Ghana are Visa card, Mastercard and American Express. The use of credit cards in Ghana is still at an infant stage, especially when you compare it to advanced countries.
How To Get A Credit Card In Ghana
Benefit of credit cards in Ghana
1. They can be used to purchase items online, and you don’t need to move along with lots of cash on you.
2. It is helpful for those who want convenience when shopping, paying bills or making small transactions.
3. It helps prevent scam as it helps you not to carry huge money on you for you to be a target for robbery.
4. You can use it online wherever you are in the world.
How to get a credit card in Ghana
1. To get a credit card in Ghana, visit the preferred bank you want to host your
account with and let them know your interest.
2. From there, you will be asked some questions and possibly asked to create a bank account and if you qualify with all the necessary requirements, you will receive your card instantly or after some days depending on the bank.
READ: No Ghana Card, No Banking Service (Financial) Effective July 1
Credit cards can be used for many services where money is needed. Wherever you find yourself in Ghana, having a credit card on you is a total flex.