Get to Know the Visa Gold Dollar Credit Card

By using this credit card, consumers can acquire one point for every dollar spent on selected transactions. Thus, with the points earned, users of the Visa Gold Dollar Credit Card can redeem gift cards, trips, and other rewards. In addition, using a U.S. credit card makes negotiating and transacting at establishments outside the border easier.

So instead of paying daily fees on any transaction made in Nigeria, or anywhere else, users of this credit card can use this method. From a US dollar perspective, the Visa Gold Dollar Credit Card is a great option. In addition to offering these benefits, users of the card do not have to worry about daily fluctuations in the exchange rate. In case users go to the United States with a certain frequency, this is definitely an incredible alternative.

So, if your goal is to avoid the daily currency fluctuations, then applying for this credit card should be considered. However, if the users’ main relationship with American retailers is over the internet, through companies like Amazon or eBay, other options should be taken into consideration, as they must be Nigerian citizens and be considered of legal age in their area of residence.

Visa Gold Dollar Credit Card Information

This credit card issued by Visa in conjunction with First Bank of Nigeria can offer numerous discounts to users who travel frequently to the United States. Thus, to save on transactions made in the US, this credit card can be used, and it also avoids the frequent fluctuations in exchange rates and allows its users to conduct all their transactions in US dollars.

Another offer of this credit card is the availability of various health insurance options and immediate enrollment in numerous incentives: Some transactions can even be paid for entirely with the points earned on eligible transactions using the Visa Gold Dollar Credit Card. There are also higher credit limits offered by this card. However, this factor will still take into consideration information such as the credit profile and annual income of the user in question.

Positive points of the Visa Gold Dollar Credit Card 

Firstly, the card does not require any interchange fees from its users. This means that customers can pay for their products or services in dollars without any kind of conversion fee. Quite the contrary, Visa Gold Dollar Credit Card users can earn points by using the card to perform certain transactions.

For every dollar spent on an eligible payment and using this credit card, customers earn one point that can later be redeemed for rewards. With the points, users can redeem gift cards, trips, vouchers, vacations, and other items available in the card’s points store. Including comprehensive coverage and several insurance services, the card also compiles cancellations for car rentals, trips, and last-minute expenses.

Aspects of the credit card

Aside from offering extensive insurance services and the ability to cancel various transactions no longer wanted, the Visa Gold Dollar Credit Card also makes its users save when buying gasoline for their vehicles. With the benefit offered by the card, its users can save up to 3 Naira per liter of gasoline. In addition, it is also possible to earn 20% more on filling stations.

Another feature of this credit card is the Minimum Monthly Repayment option, which allows its users to pay 1% of the total spend, or $5,000, to pay off their debts, considering all taxes, penalties, fines, debts, and various fees, including the amount over the limit.

The Visa Gold Dollar Credit Card also allows the payment of your bill to be done 100% online, through banking applications on your computer or on your smart phone. The instructions for this are provided by the company itself on its website, or at its physical locations.

Finally, we advise that the minimum amount, 1%, be included in your savings account, even if the full amount of the credit card itself is included in your bank account. In addition, the Visa Gold Dollar Credit Card also provides a fraud warning: a notification that will be sent to the user in case his card is used in a suspicious way, providing increased security for its users.

Other credit card information

Despite the benefits offered by the Visa Gold Dollar Credit Card, users should still be concerned about the high interest rates associated with the card. Thus, consumers who keep an amount on this credit card will certainly be taxed: on all ordinary purchases, the Interest charge of 19.99% will be included. Financial advances, on the other hand, will count for an amount of 20%. This means that this credit card has several fees associated with it, with an annual fee of $20,000 for cardholders, and $30 for each additional card.

In addition, for the monthly credit card charge to be paid, employees will also need to convert their funds into Canadian dollars. So unless the card user is paid in US dollars, conversion to Canadian dollars will be required in order for the monthly credit card charge to be covered. The Visa Gold Dollar Credit Card provides savings of up to 35% off normal fees, as well as offering a 30% discount on overseas vacation bills.

Holders of this credit card also have access to resorts with great prices exclusive to Visa Gold Dollar Credit Card users, plus a year with access to select hotels with a global accommodation service. Also offering hundreds of unique offers to users, the credit card also includes travel deals to various locations in the United States, United Kingdom and Europe.

Final thoughts about the card

This credit card also allows consumers to purchase items with the facility of revolving credit, with access to all payment gateways available in the market, at ATMs and online banking. This makes Visa Gold Dollar Credit Card users able to access their money anytime and anywhere in the world.