O3 Capital American Express Credit Cards

O3 Capital American Express Credit Cards

03 Capital American Express Credit Cards

O3 Capital has partnered with American Express (AmEx) to launch four new credit cards for Nigerians. The new cards are:

  • O3 American Express Green Card
  • O3 American Express Gold Card
  • O3 American Express Platinum Card
  • 03 American Express Gold Business Card

Each card has perks designed to appeal to different users. In this article, I’ll cover each card’s features and benefits and compare them with Access Bank’s AMEX cards. 

Who is O3 Capital? 

03 Capital is a fintech company that issues credit cards and provides payment solutions without having traditional banking functions. This means 03 Capital focuses on innovative financial services and technology rather than traditional banking activities like accepting deposits or providing loans.

Who is American Express?

American Express, or Amex, is a company that offers financial services, especially credit cards. Their cards are popular for benefits like rewards points, cash back, travel perks, and exclusive event access. They have different cards for regular consumers and businesses.

What are Credit Cards?

Credit cards allow you to borrow money from a bank or financial institution to make purchases. You apply for a credit card; if approved, you receive one with a credit limit ( the maximum amount you can borrow.) You then use the card to buy goods or services, and the card issuer pays the seller on your behalf. 

You receive a statement showing your spending at the end of a billing cycle ( usually a month). You must pay at least a minimum amount by the due date, and if you don’t pay the full balance, you’ll be charged interest on the remaining amount. 

Using a credit card responsibly can help build your credit history and boost your credit score, while not paying on time can result in debt and negatively affect your credit score. You can read this guide to learn how to check your credit score in Nigeria.

The O3 Capital American Express Cards

. From rewards on every purchase to exclusive discounts at select businesses, here’s a glimpse of what each Amex card offers:

Credit CardsIssuance feeMaintenance feeMembership feeCredit limit
03 American Express Green Card$5$10 annually$40 annually$1,000
03 American Express Gold Card$5$10 annually$150 annually $10,000
03 American Express Platinum Card$5$10 annually$250 annually$20,000
03 American Express Gold Business Card$5$10 annually$200 annually$10,000

03 American Express® Green Card

Benefits

  • Online Purchase and Subscriptions: You can easily pay for all your VISA fees online.
  • Entertainment Discounts: Enjoy unlimited movies, free popcorn, and 15% off on food and drinks at all Film House outlets.
  • Travel Upgrades: Get up to 15% off on class upgrades and priority services with Hertz, Avis, and Sixt worldwide.
  • Insurance Coverage: Get free insurance for your mobile phone in case of theft (terms and conditions apply).
  • Dining Discounts: Save up to 20% on your bill or get a free appetizer when dining in or taking out at various restaurants.
  • Accepted Everywhere: It works in Nigeria and overseas at POS, ATMs, and online. It’s denominated in Naira.
  • Hotel Discounts: Enjoy up to 12% off select hotels through Booking.com.
  • Perks and Discounts: You can access discounts from various businesses on Oyanow.ng.
  • Golf Benefits: Gain one year of complimentary access to Hole19’s premium features.

Credit Card Details

  • Issuance fee: $5
  • Maintenance fee: $10 annually 
  • Membership fee: $40 annually 
  • Credit limit: $1,000

Click here to Apply 

O3 American Express® Gold Card

Benefits

  • Online Purchases and Subscriptions: You can easily pay for your online purchases and digital subscriptions. Your card is accepted at businesses that take American Express payments in Nigeria and around the world.
  • Hotels: Enjoy up to 12% off on select hotels through Booking.com and up to 20% on room upgrades.
  • Car Rentals: Get special benefits with Hertz, Avis, and Sixt, including discounts, upgrades, and a free additional driver.
  • Flights: Save 5% on Dana Air flights.
  • Roadside Assistance: Get one free car tow per year through AA Rescue Roadside Assistance.
  • Cinemas: Enjoy discounts at all Filmhouse Cinemas outlets in Nigeria.
  • Recreational Activities: Get a 15% discount on admission to Maxtivity and Lego Play Experience.
  • Food Delivery: Receive cash back on food delivery.
  • Fast Food: Enjoy discounts at various fast-food restaurants.
  • Shopping: Enroll in a complimentary 6-month membership to RED BY Dufry for discounts in participating shops.
  • Golf: Get one year of complimentary access to Hole19’s premium features.
  • Insurance and Protections: Enjoy peace of mind with travel and mobile phone theft insurance included. Terms and conditions apply.

Credit Card Details

  • Issuance fee: $5
  • Maintenance fee: $10 annually 
  • Membership fee: $150 annually 
  • Credit limit: $10,000

O3 American Express Platinum® Card

Benefits

  • Airport Lounge Access: Enjoy Priority Pass with five free lounge visits per year.
  • VIP Airport Services: Get a 20% discount on Fastrack VIP Meet & Greet services to upgrade your airport experience.
  • Concierge Services: Access O3 Capital American Express® Concierge travel and lifestyle services for 24/7 assistance.
  • Hotel Discounts: Enjoy up to 12% off on select hotels through Booking.com and access luxury hotels and villas with complimentary Mr and Mrs Smith membership.
  • Car Rentals: Get benefits with Hertz and Avis, including discounts, upgrades, and loyalty program enrollments.
  • Flight Discounts: Save 5% on Dana Air flights.
  • Roadside Assistance: Get one free car tow per year through AA Rescue Roadside Assistance.
  • Lounge Access: Complimentary membership in Priority Pass with five free lounge visits per year.
  • VIP Meet & Greet: 10% discount on Fastrack VIP Meet & Greet services.
  • Hotel Perks: Two-year Tablet Plus membership for exclusive hotel experiences.
  • Dining Discounts: Enjoy up to 10% off on food, beverages, and drinks at fine dining establishments.
  • Spa Discounts: Experience relaxation at select exclusive spas.
  • Entertainment Discounts: Get a 15% discount on admission prices for Maxtivity and Lego Play Experience, and discounts at Filmhouse Cinemas.
  • Shopping Discounts: Enroll in a complimentary 12-month membership to RED BY Dufry for discounts in participating shops.
  • Golf Benefits: Get one year of complimentary access to Hole19’s premium features.
  • Concierge Services: Access the O3 Capital American Express® Concierge for 24/7 travel and lifestyle assistance.
  • Travel and Mobile Phone Insurance: Enjoy added peace of mind with insurance included (terms and conditions apply).
  • Healthcare Services: Enjoy 24/7 access to top-tier healthcare services via The Santis health platform.

Credit Card Details

  • Issuance fee: $5
  • Maintenance fee: $10 annually 
  • Membership fee: $250 annually 
  • Credit limit: $20,000

03 American Express® Gold Business Card

Benefits

  • Repayment Cycle: Enjoy a 45-day repayment cycle, giving you more time to pay off your balance
  • Airport Lounge Access: Enjoy Priority Pass with five free lounge visits per year.
  • Phone Replacement: If your phone is stolen, get a replacement with only a 5% depreciation after six months.
  • Priority Pass: Complimentary membership with three free lounge visits per year.
  • Car Rentals: Special benefits with Hertz and Avis, including discounts and upgrades.
  • Hotel Discounts: Up to 12% off select hotels through Booking.com.
  • Flight Discounts: 5% off on Dana Air flights.
  • Roadside Assistance: One free car tow per year through AA Rescue Roadside Assistance.
  • Entertainment Discounts: 15% off at Maxtivity and Lego Play Experience, plus discounts at Filmhouse Cinemas.
  • Shopping Discounts: Discounts and perks from businesses on Oyanow.ng.
  • Travel and Mobile Phone Insurance: Enjoy peace of mind with included insurance (terms and conditions apply).

Card details

  • Issuance Fee: $5 
  • Maintenance Fee: $10 annually.
  • Membership Fee: $200 annually.
  • Credit Limit: Up to $10,000.

Comparison with Access Bank AmEx Card

FeatureO3 Capital American Express CardsAccess Bank American Express Card
Annual Fee$100 – $250 (varies by card)$75- $250 (Varies by card)
Interest RateN/A2.5% Monthly
Foreign Transaction Fees2.5%3.5%

When comparing the annual fees, you’ll find that Access Bank AmEx cards have lower fees for the Gold Card but are similar to the Platinum Card compared to O3 Capital. This means you’ll pay less annually with Access Bank’s Gold Card, which could be a more budget-friendly option.

Both banks offer rewards programs, but Access Bank provides specific earning rates. This means you can easily understand how much you earn for every dollar spent, making maximising your rewards with Access Bank easier.

Regarding foreign transaction fees, Access Bank charges a 3.5% markup fee, while O3 Capital has no foreign transaction fees. If you frequently purchase abroad or in foreign currencies, O3 Capital could save you money on those transactions.

In terms of additional benefits, both Access Bank and O3 Capital offer a range of travel, dining, and insurance perks. However, Access Bank cards provide specific loyalty statuses and lounge access, giving you extra comfort and convenience during your travels. On the other hand, O3 Capital cards offer a mix of travel perks, insurance, and concierge services, providing a well-rounded set of benefits to enhance your overall experience.

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