New ap­pli­cants for cred­it cards at Re­pub­lic Bank will have a far low­er US-Dol­lar lim­it than pre­vi­ous cred­it card hold­ers.

Ac­cord­ing to an in­ter­nal staff no­tice, the bank has ad­vised that as of to­day (May 8, 2025):

“The max­i­mum cred­it lim­it on any new­ly is­sued cred­it card will be up to US$500, or the TT-Dol­lar equiv­a­lent.”

The no­tice stat­ed:

"This is ap­plic­a­ble to all new cus­tomers to the bank and ex­ist­ing cus­tomers who cur­rent­ly do not have a cred­it card prod­uct."

It al­so stat­ed that no new or ad­di­tion­al cards are to be sold to ex­ist­ing cus­tomers who cur­rent­ly have a cred­it card prod­uct with RBL.

The no­tice said the new lim­it for new cred­it card cus­tomers was in­tro­duced as a re­sult of con­tin­ued for­eign ex­change con­straints.

It is not the first time that the lim­it for new cred­it card hold­ers was re­duced. In De­cem­ber, the lim­it for new ap­pli­cants was set at US$2,000 where­as it had pre­vi­ous­ly been US$5000.

The cus­tomers who held cred­it cards pri­or to De­cem­ber 2024 did not have their lim­it re­duced.

Guardian Me­dia has reached out to RBL for fur­ther com­ment on the pro­posed ad­just­ment, and is await­ing an of­fi­cial re­sponse from the in­sti­tu­tion.