I met up with one of my work colleagues the other week and he was leaving the country for good. Therefore he went to his bank to cancel his bank account and also to cancel his credit card.
He said that cancelling the account did not seem to be a problem however when it came to trying to cancel his local credit card it did become a problem.
The bank explained that they needed to hold some money back in his current account for six weeks (i.e. they froze the money) until such time his credit card had no more liability. I can see some sense in this.
However, my pal was spending about 5,000 Riyals per month on his credit card and to make sure that the bank were covered they withheld 70,000 Riyals in his current account for six weeks to cover any defaulting liability.
Best to check on this matter and consider surrendering your credit cards more that 2 months before you leave Qatar.
In my case i used my cards only once both for the limit of 3000. Will the bank freeze only 6000 in total?
ReplyDeleteStore Credit Card - Certain nations have the concept of store credit cards, which are easier to get and do not need any credit history. These cards have low credit limit and high interest rates and generally have cards which are not Visa or MasterCard approved. credit cards europe
ReplyDelete