What importers association said about new BoG guidelines

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• Dr who 3 months ago

  Credit card payments, ATM withdrawals, and prepaid card spending are counted toward this limit, meaning total cash plus card-based foreign currency expenses abroad should not exceed $10,000 per trip unless special authorizati ...
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  Credit card payments, ATM withdrawals, and prepaid card spending are counted toward this limit, meaning total cash plus card-based foreign currency expenses abroad should not exceed $10,000 per trip unless special authorization for importers is granted. Therefore this advice been given by importers association is not within the BoG framework.
  in my understanding

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• KK 3 months ago

  I bet to differ! How can you charge your credit card with money? Did he mean debit card?

  I bet to differ! How can you charge your credit card with money? Did he mean debit card?

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• This man doesn't understand what he is talking about 3 months ago

  Credit card limits are set by the issuing bank. You cannot load money on to a credit card. You can only ask the card issuing bank to increase your credit limit. Debit cards are linked directly to your bank account and payment ...
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  Credit card limits are set by the issuing bank. You cannot load money on to a credit card. You can only ask the card issuing bank to increase your credit limit. Debit cards are linked directly to your bank account and payments made with a debit card are charged directly to your bank account.

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