According to a statement from the CBE, banks are required to activate the maximum credit limit for credit card users traveling abroad as soon as customers notify the bank’s service center. Until the bank receives notification from customers to activate the credit card limit, there will be a monthly maximum limit set for credit cards, as determined by each bank. The purpose of this step is to meet the needs of citizens and make it easier for them to use credit cards for expenses while traveling abroad. If a customer has multiple NBE credit cards, the monthly maximum limit for all cards combined will be the limit set for their card. However, the use of foreign currency cards is still allowed for other transactions, including purchases and cash withdrawals.

Source: Daily News Egypt October 22, 2023 17:00 UTC