Friday, June 14, 2024
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Limits on credit card threshold lifted

By: Isuru Parakrama

Colombo (LNW): Credit card issues have lifted the threshold limits on overseas spending in response to the recent foreign currency liquidity improvement, making it possible for those travelling overseas to spend more.

The credit card threshold was limited amidst the worsening economic crisis last year, and banks had imposed daily limits on overseas card usage to prevent foreign currency from being flown out.

However, the recent liquidity conditions on forex in the local banking sector have led to the lifting of these limits, making it possible for travellers to spend more.

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