What Is Credit Card?
A credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on the cardholder’s accrued debt.
Does Uganda Use Credit Cards?
Visitors, tourists, and safari-goers do not like the convenience of using their debit and credit cards, but in Uganda, it means added cost for doing so. When using a credit card, you most often pay an out-of-country banking fee with your Bank in your country.
How To Get Credit Card In Uganda?
You’re generally required to provide your legal name, birth date, address, Social Security number and annual income. Giving an issuer your Social Security number allows them to check your credit, which largely dictates whether or not you’ll receive the card.
Which Banks Offer Credit Cards In Uganda?
Banks offering VISA Chip and PIN debit/credit cards in Uganda
United Bank for Africa (UBA) Address: Spear House, Plot 22 Jinja Road, Kampala Uganda.
Equity Bank. Address: Plot 390, Muteesa 1 Road, Katwe.
Standard Chartered Bank. Address: Plot 5 Speke Road, Kampala.
Orient Bank.
Ecobank.
Stanbic Bank.
Can I Get A Credit Card Without Job In Uganda?
Yes, you can have a credit card without a job or salary slip, but in such a case you either need to show other sources of income or a good bank balance. You can also get a secured credit card against fixed deposits or mutual funds.
Who Can Open A Credit Card In Uganda?
You need to be at least 18. Income: You’ll need to report sufficient income to show you can repay the money a card issuer lends you. Applicants 18 to 21 are required to show proof of income (such as a job) or have a cosigner according to the CARD Act of 2009.
How Long Does It Take To Get A Credit Card In Uganda?
It is processed within 14 working days. The card number is issued within 24 working hours as you wait for the card.
How Can I Get A Credit Card Through My Bank In Uganda?
Read on to learn more about how to apply for a credit card and how to increase your chances of approval.
Know your credit score and what it means.
Think about your needs.
Learn about credit card terms.
Check for preapproval.
Be prepared for your credit to be impacted when you apply.
Determine a repayment strategy.
Which Bank In Uganda Has Master Card?
Centenary Bank, Uganda’s leading commercial microfinance bank has today unveiled the new Mastercard Platinum Debit Card targeting all customers who want to enjoy a smart convenience lifestyle, especially its those in the high net worth category who shop online and travel frequently.
Can I Get Credit Card Without Bank?
The short answer is no. Credit card companies will only look at your credit score, current employment and income to determine your eligibility for a credit card.