In the constantly evolving financial world, a wind of change is blowing across the Egyptian banking scene. Indeed, Commercial International Bank recently announced significant adjustments to its credit cards’ international spending limits and exchange rates, both for domestic and foreign transactions. These measures aim to provide greater flexibility and a better experience for the bank’s cardholders, while adapting to the specific needs of each sector.
One of the most significant changes concerns the reduction in the foreign exchange rate markup applied to credit cards, from 10% to 5%. This reduction will have a direct impact on foreign currency transaction costs for Commercial International Bank customers, making international purchases more attractive and competitive.
In addition, monthly spending limitations have also been increased for certain sectors. Customers in the Prime and Plus sectors will now benefit from an increased limit on international purchases made in Egypt, increasing from LE50,000 to LE75,000. Likewise, customers in the Wealth, Private, Business Banking and Corporate sectors will see their spending limit abroad increase from LE50,000 to LE100,000, thus providing greater freedom in their international transactions.
Regarding cash withdrawals from ATMs abroad, Commercial International Bank has kept the commission at 10%, with a minimum of LE20. This decision aims to ensure financial transparency and facilitate access to liquidity for customers traveling abroad.
These adjustments demonstrate Commercial International Bank’s commitment to its customers, providing them with financial solutions tailored to their needs and optimizing their banking experience, both domestically and internationally. Thanks to these new measures, the bank’s credit card holders will be able to benefit from advantageous conditions and greater freedom in their financial transactions, thus helping to strengthen customer confidence and satisfaction.