News Details

New instructions from the Central Bank on the use of credit cards abroad

12/02/2024

The Central Bank of Egypt (CBE) has issued instructions to banks for customers who have not provided proof of using their credit cards while abroad within a maximum period of 90 days from the date of opening the usage limits. It included the suspension of these cards, and the inclusion of customers on the platform prepared for this matter by the Egyptian Credit Bureau and the credit scoring system at the Central Bank. The instructions also included stopping the use of credit cards abroad for customers listed in the daily report prepared by the Egyptian Credit Bureau according to the platform, and not issuing new credit cards to them or opening the limits of existing cards for use abroad. The central bank stressed the need to send text messages to customers in case of failure to submit the necessary documents within the 90-day period and before stopping the cards. (Al Shorouk Newspaper)

Recent News

Saturday… El Badr Investment And Development BID calls for the company...

Company name: El Badr Investment And Development BID Date: 2-03-2024 Time: 3:00 PM Address: Chamber