In Ghana today, more people are turning to credit cards for easy and flexible spending.
However, many traditional credit cards require you to deposit collateral or maintain large bank balances, making it difficult for ordinary Ghanaians to qualify.
The good news? Some banks and fintech companies now offer no-collateral credit cards (sometimes called unsecured credit cards) to make life easier.

In this article, we’ll show you the best no-collateral credit cards available for Ghanaians in 2025, plus how you can apply for one.

What is a No-Collateral Credit Card?

A no-collateral credit card means:

• You don’t have to deposit any money before using the card.
• You borrow directly from the bank’s or issuer’s funds.
• You simply pay back what you use within the billing cycle (often 30 days) or spread it over time with interest.

This is different from a secured credit card, where you must pay a deposit upfront.

Top Credit Cards for Ghanaians (No Collateral)

1. Ecobank Platinum Credit Card

• Requirements: Good income history, valid national ID, proof of address.
• Benefits:
  • No collateral required for salary account holders.
  • 45 days interest-free period.
  • Global acceptance (Visa).
  • Rewards points on spending.

Best for: Salaried workers looking for international transactions.

2. Standard Chartered Visa Credit Card

• Requirements: Proof of stable income, good credit history.
• Benefits:
  • No security deposit needed.
  • Up to 50 days interest-free.
  • Online shopping, travel bookings, and cash withdrawals.

Best for: People who want a trusted international brand with flexible repayments.

3. Absa Bank Credit Card (Classic and Gold)

• Requirements: Regular income, verified bank history.
• Benefits:
  • No upfront collateral.
  • Earn cash-back rewards.
  • Secure online shopping (with 3D Secure).

Best for: Frequent online shoppers and travelers.

4. GTBank Dollar Visa Card (Prepaid Hybrid)

Note: GTBank offers a prepaid Visa card that acts like a credit card without linking to a savings account.

• Benefits:
  • No bank account required.
  • Great for managing USD transactions.
  • Perfect for international purchases and subscriptions (Netflix, Amazon, etc.).

Best for: Those who want a simple USD-based card without opening a foreign currency account.

5. First Atlantic Bank Credit Card

• Requirements: Employment verification, national ID, residence details.
• Benefits:
  • No security deposit needed for salaried workers.
  • Can be used locally and internationally.
  • Emergency card replacement.

Best for: Everyday users who need local and international transactions.

Important Things to Know Before Applying

• Income matters: Banks usually check if you have a stable income before approving.
• Credit history helps: If you’ve used loans responsibly before, you stand a better chance.
• Interest rates: Make sure you understand the card’s interest rate if you don’t pay the full balance monthly.
• Spending limit: Your card will have a credit limit based on your financial strength.

How to Apply for a No-Collateral Credit Card in Ghana

1. Choose the bank or card provider.
2. Visit a branch or apply online (if available).
3. Submit your application along with:
   • Proof of income (payslips, contracts, business registration).
   • Valid national ID (Ghana Card, Passport, etc.).
   • Proof of residence (utility bills or tenancy agreement).
4. Wait for approval (can take a few days).
5. Once approved, your card will be issued for use.

Why Should You Get a Credit Card?

• Build a good credit score for future loans.
• Easy for online shopping and paying for services.
• Emergency access to money.
• Rewards and discounts from partner merchants.
• Safer than carrying large cash.

Having a no-collateral credit card in Ghana in 2025 is possible — you just need to meet basic requirements like proof of income.
Whether you’re a salary worker, business owner, or freelancer, having a credit card gives you financial flexibility and greater purchasing power.

Make sure you use your credit card wisely: spend within your limit and pay off your balance on time to avoid unnecessary debt.

Source: Thepressradio.com | Ogyem Solomon