your money can not be a collateral for a money loan, you are spending your money, its a debit card
Seun Osewa <[EMAIL PROTECTED]> wrote:
Seun Osewa <[EMAIL PROTECTED]> wrote:
Yes, the money you spend on your STB Mastercard will also be a loan,
but they are only accepting cash as collateral! :-P
On 6/21/05, Afeez <[EMAIL PROTECTED]> wrote:
>
> 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: [email protected] [mailto:[EMAIL PROTECTED]
> Behalf Of Afeez
> Sent: 18 June 2005 11:48
> To: [email protected]
> Subject: 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
>
>
>
> Afz
> OMONIYI 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.100001
> MOBILE 08035716226 FAX 13202137066
>
>
>
>
> ________________________________
>
>
> How much free photo storage do you get? Store your holiday snaps for FREE
> with Yahoo! Photos. Get Yahoo! Photos
>
> >> Let's TALK GSM (LTG)Discussion Group <<
> ------------------------------------------
> The discussion group of Nigerian GSM subscribers.
> >> Our website: http://www.talkgsm.jump.to
> >> To join, click the link below and enter your email address:
> http://groups.yahoo.com/group/letstalkgsm
> >> Read the group Rules and regulations at:
> http://geocities.com/letstalkgsm/rules.html
> >> To leave this group, send an email to:
> mailto:[EMAIL PROTECTED]
> ------------------------------------------
>
>
>
> __________________________________________________
> Do You Yahoo!?
> Tired of spam? Yahoo! Mail has the best spam protection around
> http://mail.yahoo.com
>
> >> Let's TALK GSM (LTG)Discussion Group <<
> ------------------------------------------
> The discussion group of Nigerian GSM subscribers.
> >> Our website: http://www.talkgsm.jump.to
> >> To join, click the link below and enter your email address:
> http://groups.yahoo.com/group/letstalkgsm
> >> Read the group Rules and regulations at:
> http://geocities.com/letstalkgsm/rules.html
> >> To leave this group, send an email to:
> mailto:[EMAIL PROTECTED]
> ------------------------------------------
>
>
>
>
>
> >> Let's TALK GSM (LTG)Discussion Group <<
> ------------------------------------------
> The discussion group of Nigerian GSM subscribers.
> >> Our website: http://www.talkgsm.jump.to
> >> To join, click the link below and enter your email address:
> http://groups.yahoo.com/group/letstalkgsm
> >> Read the group Rules and regulations at:
> http://geocities.com/letstalkgsm/rules.html
> >> To leave this group, send an email to:
> mailto:[EMAIL PROTECTED]
> ------------------------------------------
>
>
>
>
> NOTE: This e-mail message is subject to the MTN Nigeria disclaimer see
> http://www.mtnonline.com/contact/disclaimer.asp
>
>
>
> ________________________________
> Do you Yahoo!?
> Yahoo! Mail - Helps protect you from nasty viruses.
>
> >> Let's TALK GSM (LTG)Discussion Group <<
> ------------------------------------------
> The discussion group of Nigerian GSM subscribers.
> >> Our website: http://www.talkgsm.jump.to
> >> To join, click the link below and enter your email address:
> http://groups.yahoo.com/group/letstalkgsm
> >> Read the group Rules and regulations at:
> http://geocities.com/letstalkgsm/rules.html
> >> To leave this group, send an email to:
> mailto:[EMAIL PROTECTED]
> ------------------------------------------
>
>
>
> ________________________________
> Yahoo! Groups Links
>
>
> To visit your group on the web, go to:
> http://groups.yahoo.com/group/letstalkgsm/
>
> To unsubscribe from this group, send an email to:
> [EMAIL PROTECTED]
>
> Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
--
Seun Osewa
Administrator,
http://www.nairaland.com
Nairaland, the Nigerian Forum
>> Lets TALK GSM (LTG)Discussion Group <<
------------------------------------------
The discussion group of Nigerian GSM subscribers.
>> Our website: http://www.talkgsm.jump.to
>> To join, click the link below and enter your email address:
http://groups.yahoo.com/group/letstalkgsm
>> Read the group Rules and regulations at:
http://geocities.com/letstalkgsm/rules.html
>> To leave this group, send an email to:
mailto:[EMAIL PROTECTED]
------------------------------------------
Yahoo! Mail
Stay connected, organized, and protected. Take the tour
>> Lets TALK GSM (LTG)Discussion Group <<
------------------------------------------
The discussion group of Nigerian GSM subscribers.
>> Our website: http://www.talkgsm.jump.to
>> To join, click the link below and enter your email address:
http://groups.yahoo.com/group/letstalkgsm
>> Read the group Rules and regulations at:
http://geocities.com/letstalkgsm/rules.html
>> To leave this group, send an email to:
mailto:[EMAIL PROTECTED]
------------------------------------------
Yahoo! Groups Links
- To visit your group on the web, go to:
http://groups.yahoo.com/group/letstalkgsm/
- To unsubscribe from this group, send an email to:
[EMAIL PROTECTED]
- Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
