Circular on credit card limit issued

VGP - The State Bank of Viet Nam issued Circular No. 26/2017/TT-NHNN amending and supplementing a number of articles of Circular No.19/2016/TT-NHNN dated June 30, 2016 stipulating bank card operations.

January 23, 2018 9:36 PM GMT+7

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In case of issuance of credit card with security assets, the credit limit granted to the cardholder is valued at a maximum of VND1 billion.

In case of credit card issuance without security assets, the credit limit granted to a cardholder is VND500 million.

For a withdrawal of foreign currency cash in a foreign country, a card holder can withdraw a maximum amount of cash in foreign currency equivalent to VND30 million per day.

Alive people aged between 15-18 years old who are not with limited capacity for civil conduct are allowed to use debit cards, credit cards or prepaid cards.

For cardholders are organizations: Organizations are legal entities which are established and operated legally in line with the Vietnamese regulations are allowed to use all kinds of cards.

By Thuy Dung