Mubasher TV
Contact Us Advertising   العربية

Egypt's CIB lowers limits on debit, credit cards abroad

Egypt's CIB lowers limits on debit, credit cards abroad
Photo credit: Arabianeye - Reuters
CIB
COMI
-3.05% 80.00 -2.52

Cairo – Mubasher: Egypt’s Commercial International Bank (CIB) has decided, for the fourth time, to reduce the limit of cash withdrawals and purchases using the bank's debit and credit cards abroad.

The bank said that the decision is set to become effective as of 12 October, according to a statement.

Customers of CIB with the lowest credit card category (White) will have a cash withdrawal limit of $50 and a $100 monthly purchase limit.

Classic credit card holders will have a limit of $100 cash withdrawal and $1,000 monthly purchase, while Titanium cards limits lowered to $300 in withdrawals and $2,200 in purchases.

However, owners of the highest credit card category (Platinum, Platinum EgyptAir, and Corporate) will have a cash withdrawal limit of $400 and a $4,500 monthly purchase limit.