New regulation from BRSA on credit card minimum payment amounts and limits
The limit threshold used in the calculation of credit card minimum payments has been increased to 100 thousand liras. Debt obligations have been reshaped according to the new rates.
The Banking Regulation and Supervision Agency raised the limit threshold in the calculation of credit card minimum payment amounts from 50 thousand liras to 100 thousand liras. The rate was determined as 20 percent for limits under 100 thousand liras and 40 percent for limits above it.
Minimum Payment Threshold Raised
With the decision of the Banking Regulation and Supervision Agency, the limit threshold used in calculating credit card minimum payments was increased from 50 thousand liras to 100 thousand liras.
New Rates Determined
With the new regulation, the minimum payment rate has started to be applied as 20 percent for credit cards with a limit of 100 thousand liras and below.
For credit card holders with limits exceeding 100 thousand liras, the obligation to pay at least 40 percent of the period debt continues.
Income-Compatible Limit Studies
It is targeted that banks complete their efforts to align individual credit card limits with users' documentable incomes by January 1, 2027.