Two UAE banks cut credit card limits as COVID-19 crisis deepens – ZAWYA

Two UAE banks cut credit card limits as COVID-19 crisis deepens – ZAWYA

Some customers say spending limits changed without prior notice. "Dear customer, based on your card usage, we have made a change to the credit limit of your FAB credit card.. Around 6,000 customers had not even used our card at all in the last six months," the bank said.. "I had no idea they lowered my limit until I called them up to enquire about my credit card a few weeks ago," she added.. The UAE Central Bank has said that the country's banking sector is well-positioned to manage the economic shock of the coronavirus pandemic..