New era in credit card limits: Income and indebtedness criteria are coming

A new regulation that closely concerns millions of credit card holders is being implemented. It is planned that banks will consider not only the declared income of customers, but also their actual payment capacity and total indebtedness by combining SSI information and Risk Center data.

Limit Determination with New Criteria

With the start of a new era in determining credit card limits, it is planned that banks will comprehensively consider customers' actual income and total indebtedness status.

With the new system, it is aimed that credit card limits will be determined not just through declared income, but through the person's actual income and payment capacity.

SSI and Risk Center Data

With the planned data infrastructure, it is foreseen that SSI income information and credit and indebtedness data in the Banks Association of Turkey Risk Center will be evaluated together.

Thus, while determining the credit card limit, banks will be ensured to look not only at the customer's income, but also at their existing credit and debt burden.

Monitoring for High-Limit Cards

The new application is expected to affect high-limit credit cards in particular. Re-evaluating the limits of customers who have a large discrepancy between their income and their existing credit card limit may come to the agenda.

Adaptation Period for Banks

Studies regarding banks aligning their existing credit card limits more with customers' incomes are required to be completed by January 1, 2027.

With the regulation, it is aimed to correlate credit card limits more directly with individuals' financial situations.