New system being established to base credit card limits on actual income status
An integrated infrastructure is being prepared to ensure that banks use actual income data instead of citizens' declarations when allocating credit card limits.
A new system is being established where citizens' actual income status will be taken into account by integrating Social Security Institution (SSI) datasets with Risk Center data in determining credit card limits.
Actual Income Status to Be Taken as Basis
While aiming to strengthen the data used in determining credit card limits, the integration of datasets collected within the scope of the Social Security Institution and Risk Center data is being ensured. With this regulation, it is aimed to take citizens' actual income status into account in a much healthier way.
Operating Principle of the System
Thanks to the newly established system, banks will be able to take a person's income and current credit status into account much more accurately when determining credit card limits. The details of the application for individuals who have limits far exceeding their income will become clear with the legal regulation to be made.
Measure Against Excessive Borrowing Risk
The primary purpose of the regulation stands out as making credit card usage much more compatible with individuals' ability to pay. Thus, it is aimed to reduce the risk of excessive borrowing that may arise due to high limits.