Bangladesh Bank has increased the purchase limit of International Credit Cards (ICCs) to US $300 for each transaction from the previously restricted $100.
Authorised Dealers (ADs) may allow their cardholders to use ICCs for online payment up to $300 against every single transaction, said a Bangladesh Bank circular issued yesterday.
The magazine or newspaper subscription fees were also allowed to pay through ICCs, said the circular.
Earlier, cardholders were only allowed to use their ICCs without exceeding $100 or its equivalent at a single transaction against legitimate purchases of items of goods and services from reputed and reliable sources abroad.
