Central Bank of Egypt sets new rules for using credit cards abroad

The rules include suspending the cards and listing the customers on a platform by the Egyptian Credit Bureau i-Score and CBE’s credit registration system

Hossam Mounir, Daily News Egypt

February 12, 2024

PHOTO

The Central Bank of Egypt (CBE) issued new rules for customers who do not provide proof of use for their credit cards abroad within 90 days from the date they used them.

The rules include suspending the cards and listing the customers on a platform by the Egyptian Credit Bureau i-Score and CBE’s credit registration system.

The rules also include banning the use of credit cards abroad for customers in the daily report by I-score. They will not get new credit cards or use them abroad.

CBE emphasized the importance of sending text messages to customers who do not submit the required documents within 90 days before suspending the cards.

CBE said that this is part of the controls for using credit cards for traveling abroad, issued on 29 October 2023.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.