BML to Increase Credit Card Limits from February 2026

Bank of Maldives (BML) will increase dollar usage limits on its credit cards starting February 1, 2026, as part of the government’s broader efforts to ease foreign currency restrictions. The announcement was made today by President Dr. Mohamed Muizzu in a post shared on social media platform X.

According to the President, the dollar usage limit on BML Classic credit cards will be raised from USD 750 to USD 1,400. Limits on Gold cards will be increased from USD 750 to USD 1,500, while Platinum cardholders will see their limits rise from USD 1,500 to USD 2,000.

In addition to these changes, BML will revise its debit card allowances from November 11 this year. The foreign Point-of-Sale (POS) transaction limit on debit cards will be doubled from USD 500 to USD 1,000. Debit cardholders will also be allowed to use up to USD 3,000 for airline ticket purchases and hotel bookings abroad. Furthermore, on request, BML will facilitate debit card payments to hospitals for medical expenses overseas.

This move follows the bank’s earlier revision in July, when foreign transaction limits on debit cards were increased from USD 250 to USD 500. The adjustments, the President noted, are aimed at easing restrictions on international transactions and addressing longstanding concerns from the public over limited access to foreign exchange.

The policy shift is expected to provide greater flexibility for Maldivians traveling abroad and those requiring overseas medical, education, and hospitality services, while also aligning with the government’s pledge to enhance financial accessibility.