Banks offer plastic for travel abroad
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Following the government’s recent decision to reduce the amount of foreign exchange allowed to be taken out of the country from US$7000 to $5000, many banks are promoting their international credit cards.
Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) offers to send staff directly to customer’s houses to complete the paperwork for issuing cards.
HSBC has unveiled the Home&Away service that offers customers using its cards discounts at 19000 merchants’ in more than 40 countries.
Vietcombank has launched a new promotion program for American Express cards.
Customers can earn a point every time they spend VND100,000 (US$5) to receive cash or gifts at the end of the year.
DongA bank offers customers short-term debit cards for up to VND140 million ($7,000) for three-month terms when traveling abroad.
Trinh Thuong Thuc, Vietcombank’s head of card services in Ho Chi Minh City, said it is more convenient to pay by card when travelling abroad since buying foreign currency requires air ticket and other documents.
Besides, when traveling abroad, customers can only buy up to $600, and $1000 in case of medical treatment, he pointed out.
