Originally Posted by johnirvine

This type of arrangement is used for all new Aegean Visa Cards in Cyprus. The blocked funds of 110% of the credit limit are merely used for security and the Visa Card bill is paid monthly via a current account. With a debit card, each transaction is debited immediately from the linked current account. After a couple of years, Alpha Bank will typically allow the customer an increase in credit limit for the Aegean Visa Card without any increase in blocked funds.