We live in a world where most people don’t carry massive amounts of cash with them anymore. Are you tired of carrying around cash and would also like to have the ability to shop anywhere, wherever you are across the world?
This has been made so much easier and efficient by the use of a master card.
This card is issued to its clients by banks all around the world.
I am going to see whether UBA bank in Nigeria issues master cards to its clients.
Before that, let’s look at what a master card is.
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What Is A UBA Master Card
A UBA master card is a payment network processor whose primary source of revenue comes from the fees that it charges issuers based on each card’s gross dollar volume.
Master cards can be issued anywhere as long as the brand involved is accepted.
We have a debit master card, a chip-based and pin payment card linked to a person’s current or savings account.
It is accepted for payment and also cash withdrawals at various locations all over the world.
It can come in either gold, classic, and platinum.
Does UBA Issue MasterCard
The UBA master card is issued on the Naira account in Nigeria.
They offer a debit master card.
These debit cards can get either a gold master card debit card, visa classic debit card, or a UBA platinum master card.
The Gold debit master card includes making purchases over the internet wherever the master card is displayed.
You can therefore be able to make withdrawals at any master card-enabled ATM in over 210 countries and make purchases at over 31 million merchant locations worldwide.
Requirements For To Apply For UBA MasterCard
Here are some of the requirements you are going to need to get yourself a master card from UBA bank in Nigeria:
- National ID
- Passport size pictures
- An opening balance of 20,000 Naira in the savings account and 50,000 in the current accounts. So in hindsight, you have to have an active savings or existing account.
If you are a first-time applicant, ensure you open an account with UBA first before applying for a master card.
Since you now have all the requirements, you will be given an application form to fill it.
Be sure to crucial incorrect information, complete and sign it.
After which, you will be given your master card.
It comes with a high-end technology chip named EMV, which ensures that your money is safe wherever and whenever.
It also serves as a storage room for data and processes.
What Are The Transactional Charges Involved In Using A UBA MasterCard
The majority of banks in the world include transaction fees whenever clients withdraw their money using debit cards.
Using the UBA master card is not an exception, except it does not charge a high cost in its transactions.
When you transact on UBA ATMs, you will be charged Ush 500. While On over 375 inter-switch service points, you will be charged Ush 15oo.
For the master card, you will be charged Ush 5000 and Ush 7000 for international ATM and 1.5%of the amount you transact.
Luckily, using a master card in places of sale such as supermarkets, restaurants, bars, and saloons is free of charge.
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