{"id":761,"date":"2020-05-04T15:13:40","date_gmt":"2020-05-04T15:13:40","guid":{"rendered":"https:\/\/graziamagazine.com\/me\/?post_type=articles&p=761"},"modified":"2021-04-14T12:07:41","modified_gmt":"2021-04-14T12:07:41","slug":"uae-banks-reduce-credit-card-limit-to-dhs5000","status":"publish","type":"articles","link":"https:\/\/graziamagazine.com\/me\/articles\/uae-banks-reduce-credit-card-limit-to-dhs5000\/","title":{"rendered":"UAE BANKS REDUCE CREDIT CARD LIMIT TO DHS5,000"},"content":{"rendered":"

\"\"<\/p>\n

Select customers have had their credit card limits reduced to Dhs5,000 by The National Bank of Ras Al Khaimah (RAKBANK) as the COVID-19 crisis continues.<\/p>\n

\u201cBased on a periodic review of our policy, the Credit Limit on your RAKBANK Credit Card has been revised to AED5,000,\u201d customers were told last Thursday, in a decision that’s in line with the International Accounting Standards Board’s (IASB) response to a financial crisis.<\/p>\n

Will this move by RAKBANK pave the way for other banks to follow suit to protect their porfolios?<\/p>\n

<\/div>\n

Photo:\u00a0<\/em>Aiqing Wang for<\/em>\u00a0Getty Images<\/em><\/p>\n","protected":false},"author":217,"featured_media":0,"template":"","format":"standard","categories":[35],"yoast_head":"\nUAE BANKS REDUCE CREDIT CARD LIMIT TO DHS5,000 - Grazia Middle East<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/graziamagazine.com\/me\/articles\/uae-banks-reduce-credit-card-limit-to-dhs5000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE BANKS REDUCE CREDIT CARD LIMIT TO DHS5,000\" \/>\n<meta property=\"og:description\" content=\"Select customers have had their credit card limits reduced to Dhs5,000 by The National Bank of Ras Al Khaimah (RAKBANK) as the COVID-19 crisis continues. \u201cBased on a periodic review of our policy, the Credit Limit on your RAKBANK Credit Card has been revised to AED5,000,\u201d customers were told last Thursday, in a decision that’s...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/graziamagazine.com\/me\/articles\/uae-banks-reduce-credit-card-limit-to-dhs5000\/\" \/>\n<meta property=\"og:site_name\" content=\"Grazia Middle East\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-14T12:07:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/graziamagazine.com\/me\/wp-content\/uploads\/sites\/16\/2021\/04\/GettyImages-1094079140.jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/graziamagazine.com\/me\/articles\/uae-banks-reduce-credit-card-limit-to-dhs5000\/\",\"url\":\"https:\/\/graziamagazine.com\/me\/articles\/uae-banks-reduce-credit-card-limit-to-dhs5000\/\",\"name\":\"UAE BANKS REDUCE CREDIT CARD LIMIT TO DHS5,000 - 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