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

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..."

Kontrolsüz ve kuralsız bir şekilde dağıtılan kredi kartlarında yeni uygulama…

3 ay peşpeşe “asgari ödeme” yapan kart sahibinin kartı kullanıma kapanıyor.

Kartı yeniden açtırabilmeniz için, borcunuzun tamamını ödemeniz gerekiyor.

Yaşam, yoksullar ve düşük gelirliler için…

— Barış Yarkadaş (@barisyarkadas) June 1, 2024

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.

News Source: 12punto