By Dipo Olowookere
Customers of First Bank of Nigeria Limited using the bank’s Naira MasterCard have been given the opportunity to enjoy a reward system whenever they use the debit card.
The lender, in a promotional campaign that will run for four months, beginning in July 2018, through October, 2018, said it would reward its customers for using the First Bank Naira MasterCard for international transactions.
A statement issued by the financial institution quoted the Group Head, e-Business, Mr Chuma Ezirim, as saying that, ”First Bank is delighted to reward its customers who carry out their financial transactions in an easy, secure and seamless way at any given time and anywhere during this summer period all around the world.”
The statement explained that First Bank Naira MasterCard holders who transact on POS/WEB for values between $2,000 and $3,000 per month will get the Naira equivalent of 0.5 percent the value of the transactions credited back into their accounts.
Also, customers who transact on POS/WEB for values between $3,001 and $5,000 per month will get the Naira equivalent of 1 percent the value of the transactions credited back into their accounts.
These cards can be used to pay for goods and services at over 29 million locations and merchant outlets as well as withdraw cash from over 1.8 million ATMs worldwide.
First Bank said it employs the use of chip and PIN technology to guard against unauthorized transactions on cards.
Business Post reports that the First Bank Naira MasterCard variants include the Classic MasterCard Debit, Platinum MasterCard Debit, and the Expressions on Cards.
These cards are denominated in Naira and issued in partnership with MasterCard worldwide. They are linked directly to customers’ Naira denominated current and/or savings accounts and offer a convenient alternative to the use of cash and cheques by giving direct access to funds in cardholders’ accounts across all channels such as ATM, POS and WEB.
