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Sunday, 7 August 2016

Banks impose further caps on purchases and cash withdrawal using cards abroad

Additional caps on purchases and cash withdrawals: AAIB, SAIB, QNB, Audi and Barclays imposed further caps on monthly cash withdrawal and purchases abroad both for credit and debit cards:

  • AAIB: Monthly withdrawal limit for debit cards at USD 250, down from a previous USD 750, Al Borsa reports. No change USD 2,000 cap for cash withdrawals on credit cards.
  • SAIB: Cut the limit for credit cards to USD 500 for cash withdrawals and USD 2,500 for purchases on all cards. No cash withdrawals allowed.
  • Bank Audi: Cut limits for purchases on Titanium Credit Cards by 50% to USD 2,000, while cash withdrawals remains capped at USD 400.
  • Barclays: Platinum card holders have had withdrawals capped at USD 280 and purchases capped at USD 3,370.
  • QNB capped purchases using Debit Classic at USD 1,520 and USD 200 for cash withdrawals. Holders of its Classic credit cards face caps of USD 3,000 for purchases and USD 500 for cash withdrawals.

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