Stanbic IBTC Bank said that it has given out N4.22 million in prize money to 16 lucky winners of its Visa Gold credit card promo tagged Spend-and-Win.
The promo, which was in conjunction with Visa, ran between May and June 2015 and the draws to pick the winners were held on Wednesday, July 8, 2015, in Lagos.
To ensure transparency, the draws were done electronically and in batches, with eight winners each picked for May and June. Speaking on the development, the executive director, Personal and Business Banking, Obinnia Abajue, explained that at the heart of the Stanbic IBTC Group is the customer and that the promo is the financial institution’s way to appreciate and reward its clients for their patronage and loyalty over time.
“The Visa Gold credit card promo is our way to say thank you to our faithful customers who continue to add to our bottom line through their patronage and loyalty. It is also part of the bank’s effort to encourage usage of cards as a preferred method of payment for goods and services,” Abajue said, while the head, Cards, Stanbic IBTC, Ademola Adeniran, said that only Stanbic IBTC Bank Visa Gold credit cardholders with credit limits of N750,000 and below are qualified to participate in the promo.
“Participating cardholders must spend over 50 per cent of their credit limit in the calendar month in Nigeria or abroad to stand a chance of winning back the entire spend,” Adeniran stated.