Back to the complete issue
Thursday, 20 October 2016

Keeping up with credit card limits

Getting lost keeping up with changes to credit card limits? Al Mal have published a series of charts outlining all the recent changes, including NBE, HSBC, CIB, Banque Misr, Banque du Caire, Barclays, ABC Bank, the Arab African International Bank, Alexbank, and the Qatar National Bank.

Not in that table: Ahli Bank of Kuwait – Egypt also announced new cuts to spending limits on its cards, Al Mal reports. The bank also raised the fee on purchases to 6% for debit cards, and up to 9% for credit cards. Also: Bank Audi has banned withdrawals on credit cards abroad and increased the fee on purchases to 8%, Al Mal reports, and Banque du Caire will now reportedly demand you hand over travel documents before allowing you to use a debit card abroad, something the bank’s CEO Mohamed El Etreby announced on Monday.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.