23/09/2016

How to Get GTBank Dollar Master Card in Nigeria, Charges & Limitations



I looked at my Naira Master Card, and I began to imagine how use-less internationally it is right now because every attempt to make international transaction with it proves abortive. According to my bank Dynamic Currency Conversion that allows you to pay in Naira, has been temporarily restricted on all  cards.


Meaning the only thing you can use Naira Master Card for right now is to cash out from Nigeria ATM stand and shop in Nigeria. The card makes no sense to me anymore. This prompted me to take a step further getting a Dollar Master Card

GTB Dollar Master Card makes a lot of sense; it is what I now use for my international transactions, linked to my PayPal account without any currency restriction. If you do online business, genuine blogger or freelancer, you simply need this card.

Benefits of Getting a Dollar Master Card
>>Global Acceptance, it is accepted globally as means of payments of anything
>>It can be used to make multiple payments across POS terminals, ATMs etc
>>It is easy to use and access your current balance.

How to Get GTB Dollar Master Card?
Getting the card is as easy as ABC so long you have a DOM account with GTBank. If you don’t have a DOM account, see how you can open one for yourself here.

>>If you already have a DOM account, go to the nearest GTBank closest to you and pick the Dollar Master Card application form.
>> Ensure you have a minimum balance of $50 in your DOM account.
For Non Account Holders, please refer to the link above to see how you can open a DOM account for yourself.

My Dollar Master Card was ready for pick up after 8 working days, you’ll be notified once its ready either via email or sms, in my case I got an email to come and pick it up.

How to Activate GTB Dollar Master Card?
The moment you pick up your card, your pin will be given to you but do not change the pin YET. You’ll be required to call GTConnect on this number 1800 right inside the bank and you’ll be asked some sensitive questions like the below;

>>Date of Birth, Account Number, your last transaction, Mothers maiden name and some other sensitive questions to be sure you are the owner of the said account.

The Rep will tell you to wait for 15minute to change your pin. After 15min change your pin and after which you can start using your card anywhere in the world from Nigeria without any restriction.

GTB Dollar Master Card Charges;
·         Card Issuance Fee: $20
·         Annual Fee: $18
·         ATM Withdrawals: $3.50 per withdrawal
·         POS & Online transactions: Free
·         POS cash advance: $6.25 + 0.1% of transaction amount

GTBank Dollar Master Card Transaction Limitations
ATM Withdrawal: $1000 (or equivalent in the local currency of any transaction)
POS: No Limit
Web (Online): No Limit

I know other banks too issue Dollar Card like Zenith that issue  Web Surfer Card. But if you know any other Dollar Card better than this one, please use the comment to tell us about it.

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24 comments :

  1. how will you fund such an account? with naira or dollar? cause blackmarket price for dollar now is one kin. please reply

    ReplyDelete
    Replies
    1. You must have domiciliary account, therefore, you fund according to the account currency. There's (USD, EURO, POUNDS, etc) dorm. account.

      Delete
    2. Hello Chris, for now you have to buy from the aboki ooo except you have someone that normally send you dollars.

      Delete
  2. Thanks for this information Yomi, Now online transaction can be swift and stress free. Already going for mine!

    Commenting from Preshtech.com

    ReplyDelete
  3. I already have a dollar master card by Diamond bank. I also have a dollar account with them.

    From Entclass.com

    ReplyDelete
    Replies
    1. How do you fund your dollar card?

      Delete
    2. You can only fund such account with dollar by direct deposit with dollar currency. But i only use mine to receive dollar, sell dollar and also use it for online foreign transactions.

      Delete
  4. Boss Yomi, pls wats ur stand on dis MMM of a tin, a Nay or an I? And also r u registered?

    ReplyDelete
    Replies
    1. Huh! Don't put your egg in one basket oooo, All my bankers friend are into MMM,CEO are into MMM, meself I"m into MMM... So go and do MMM!

      Delete
    2. Finally you are singing the MMM song with us

      Delete
    3. MMM is a scam ppl, u cn read previous reports online such as this
      https://juicylinksmag.com/2016/09/13/%e2%80%8bthe-death-of-mmm-will-be-a-reset-in-the-system-that-will-cause-panic-among-members/

      Yomi pls re-recommend either by posting pros nd cons of this platform. All is risk.

      Delete
    4. Huh? Even Mr. Yomi join MMM? The Nigeria SEC has warned against it o. See it here. MMM is an investment scheme that has no tangible business model hence it’s a PONZI SCHEME where returns are paid from other people’s invested sum. Also, its operation is not registered by the Commission.

      There are other businesses that you can invest and make more than the 30% profit.

      Delete
  5. Hmm. I bought a domain this week from godaddy with my uba naira MasterCard and I got debited today. I guess some banks are still working. Yomiprof

    ReplyDelete
  6. Nice information you got there Prof

    ReplyDelete
  7. Been thinking about getting a dollar card myself. The exchange rate is becoming too high. This post has shown how easy it is to get one especially for international online transactions although as Chris said above, funding the account will still be the same thing (exchange rate). Thanks Yomi.

    ReplyDelete
  8. Do you have active express vpn account to sell you can email me on jbunmat10 at gmail dot com

    ReplyDelete
  9. Do you have active express vpn account to sell you can email me on jbunmat10 at gmail dot com

    ReplyDelete
  10. Hello Prof. After linking a Dollar account to Paypal in Nigeria, can someone receive funds with the Paypal?

    ReplyDelete
  11. What's the minimum amount I need in a new dom account to fund my new dollar card? Just got mine so they're empty but active

    ReplyDelete
    Replies
    1. No minimum. So long you've gotten yours, you can fund it with any amount.

      Delete
  12. Thank you. One more question; did you use yours for PayPal? If yes, did you have any money in your dollar card before using it? Because I tried mine yesterday but it didn't work and I was told PayPal charges like $1 during the process of adding a credit or debit card and because mine is new, it was empty

    ReplyDelete
    Replies
    1. Yes, you must fund it if you want to use it for paypal.

      Delete
  13. Thank you so much! You're a life saver and are truly amazing! God bless

    ReplyDelete

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