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Article 24

No: 361000090389 Date(g): 15/4/2015 | Date(h): 26/6/1436

Effective from 2015-04-15 - Apr 14 2015
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A Card Issuer is not permitted to increase a Credit limit of its Cardholder without receiving an Authenticated Communication from the Primary Cardholder seeking such an increase and according to the Regulations and circulars issued by Saudi Central Bank relating to Credit and Charge Cards. Any confirmation of such prior request by the Primary Cardholder must be documented. This Article does not apply to Charge Cards.