Bad news for credit card users! It will be closed if done for 3 consecutive months...

Former CHP deputy and journalist Barış Yarkadaş has claimed that the credit cards of those who make the minimum payment for 3 consecutive months will be closed.

12punto

As the purchasing power of the Turkish Lira declines due to high inflation and the high cost of living, citizens struggling to make ends meet have found a solution in relying on credit cards.

Journalist Barış Yarkadaş has brought a striking claim regarding credit card usage to the agenda. Yarkadaş alleged that the credit card of a cardholder who makes the "minimum payment" for 3 consecutive months will be closed for use.

Stating, "A new practice for credit cards distributed in an uncontrolled and unregulated manner...", Yarkadaş used the following expressions in his post: "The card of a cardholder who makes the 'minimum payment' for 3 consecutive months is being closed for use. To have the card reopened, you must pay the entire debt. Life is becoming even more difficult for the poor and low-income earners. This is a summary of the situation the AK Party has brought the country to..."


WHAT IS THE MINIMUM PAYMENT ON A CREDIT CARD?

The credit card minimum payment amount is the lowest amount you must pay on your credit card debt by the due date. If you make a payment below this amount, late interest will be applied to your debt.