CIB Updates Debit and Credit Limits For Foreign Currency and EGP Accounts
Yet again, Commercial International Bank has released its new withdrawal and purchasing limits for foreign currency and EGP accounts.
With the decision to free float the pound, the CIB has just released their updated credit limits for clients holding accounts in both Egyptian pounds and foreign currency.
On Sunday, November 13th, the Commercial International Bank released a table explaining the new limits that are now in effect.
The first table shows the new credit card limits in EGP, setting cash withdrawal for white card members at EGP 750 and purchasing for EGP 35,000. This ranges depending on the type of card with platinum card holders having a limit of EGP 1,750 cash withdrawal and purchasing of EGP 100,000.
The black-and-white table below it shows the old prices, highlighting that the cash withdrawal and purchasing limits for white card members were EGP 750 and EGP 8,000 respectively, while platinum card holders were restricted to EGP 1,000 and EGP 64,000 purchasing.
The second table shows the limits for debit cards in foreign currency accounts abroad. For those holding a classic card, they can withdraw $2,000 and purchase up to $10,000. While titanium card holders can withdraw $3,000 and purchase up to $20,000, which leaves platinum members with a withdraw limit of $5,000 and purchasing up to $30,000.
The third table sets the limits for debit cards in Egyptian pound accounts, stating that none of the cards can withdraw cash abroad, but can purchase EGP 800 with the classic card, EGP 2,400 for titanium, and EGP 4,800 for platinum holders.
The fourth table refers to pre-paid credit cards stating that purchase and cash withdrawal limits for ISIC and CIB Travel Choice cards is EGP 500.