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First Citizens’ decision to cut US-dollar credit card limits will hurt SMEs immediately and hard, analysts and SME businesses said Friday, as they commented on the most recent lowering of US-dollar spending limits by a local commercial bank.
From March 10, 2026, First Citizens’ personal cardholders will face reduced US-dollar spending limits. The monthly US dollar limit on the bank’s Mastercard standard card decreases from US$6,000 to US$2,000 and its Visa Platinum customers will now operate with a US$3,500 cap per billing cycle, down from US$8,000 in some cases.
The revisions apply only to international transactions, including online purchases and overseas point-of-sale spending, while TT-dollar limits remain intact. Business and corporate cards are unaffected, at least for now.
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