Actual Income and Indebtedness to Be Basis for Credit Card Limits
The period of declared income in credit card limits is closing; banks will examine SSI and TBB Risk Center data.
With a new regulation concerning millions of credit card users, actual income from SSI and TBB Risk Center data and total indebtedness status will be taken as the basis in the limit determination process instead of declared income.
Scope of the New Regulation
Details of the new limit regulation, which closely concerns millions of citizens using credit cards, have become clear. In the new period, banks will not determine card limits solely based on the income declared by customers.
Actual Income and Debt Analysis
Banks will allocate limits by analyzing actual income, current debt burden, and payment capacity through Social Security Institution (SSI) and Banks Association of Turkey (TBB) Risk Center data.
Financial data located in different institutions will be integrated to transparently reveal a person's total debt burden and net payment capacity.
Inter-Institutional Data Integration
Official income and payroll information in the Social Security Institution and financial indebtedness data within the Banks Association of Turkey Risk Center will be analyzed simultaneously.
Process for High-Limit Cards
The new application is expected to directly affect high-limit cardholders, especially those with a significant difference between their declared income and their card limit.
The limits of customers with card limits above their income level will be subject to gradual reassessment by banks.
Transition Period for Banks
Banks are required to complete their infrastructure work aimed at making all existing credit card limits compatible with customers' actual income by January 1, 2027.
Current Legal Limits
Under current legal regulations, credit card limits are restricted based on the user's documentable net monthly income and can be a maximum of 2 times for the first year.