RE: [Lets TALK GSM] master card in nigeria

[Afeez]

You do not load money onto a credit card, you are issued a credit card on grounds of your credit worthiness and balances are cleared monthly into your card account, based on your purchases, (use of the card ) ,and your bank balances. whatever you spend on your card is a loan, debit cards on the other hand are tied to your accounts directly and you spend what is in your accounts, the variant i think exists in Nigeria is a 'juju' variant that has no sense where mony has real value, you cant sit funds down as a security for a card , its banana, , what happens is you can open only one account with a bank and tie all your life to it, credit, debit card, store cards, mortgage, salary, insurance, 
what is practised in Nigeria is just another cash and carry  banking chikena
cheers all
Affe"Oforkansi Oti [ MTN - Port Harcourt ]" <[EMAIL PROTECTED]> wrote:









Y’ello All,
 
Hope you had a great weekend.
 
I feel these so called credit cards are essentially debit cards. We should have found a way of integrating our already existing debit cards into the system such that we could carry our debit cards from here and use it anywhere in the world as long as you got money in it. They should worry with the conversions. 
 
So the issue is squarely within the banks’ control. The thing is that our bankers are not brought up to think let alone creatively. How can you call that card a credit card when I am expected to keep some minimum deposit in a dollar denominated account with your bank. Meet some out this world conditions. I am also expected to have some amount too in the card. I don’t get it. Is that how credit cards work in other parts of the world. Somebody help me. I am really not that sharp.
 
Enjoy,
 
Oforkansi Oti
_________________________________________________________________________________
"Enjoy what you can; endure what you must"... Goethe
 
-----Original Message-----From: letstalkgsm@yahoogroups.com [mailto:[EMAIL PROTECTED]On Behalf Of AfeezSent: 18 June 2005 11:48To: letstalkgsm@yahoogroups.comSubject: Re: [Lets TALK GSM] master card in nigeria
 
The issue is certainly not in the Bank's control, when 100,000 is less than 500 pounds which is about the daily withdrawal limit on a card here.
 
The value of the naira pevents the integration of that economy into any global calculation, poverty, bad governance and unemployment are more crucial issues in a cash driven economy
 
AfzOMONIYI OLATUBOSUN <[EMAIL PROTECTED]> wrote:

Has anybody tried the master card offered by stb,firstbank and ecobank right here in nigeria .I tried that of ecobank but it seems it is not for the common man.the requirements are so much.pls check it out every body.
Omoniyi Olatubosun.Postal Address. c/o Omoniyi Olubusayo. Guinness Nigeria plc . P.M.B 21071 Ikeja,Lagos State,Nigeria.100001MOBILE 08035716226 FAX 13202137066



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