Attention credit card users: Important step from the Central Bank!

The Central Bank of the Republic of Türkiye (TCMB) has made a significant change to credit card interest rates. By updating the interest rates, the bank has introduced a new regulation for credit card users.

The new regulation, titled "Communiqué on the Amendment to the Communiqué on Maximum Interest Rates to be Applied to Credit Card Transactions," was published in the Official Gazette and entered into force as of August 1. This change will affect the periodic debts of credit card users.

DETAILS OF THE REGULATIONS

With the regulation, a general reduction was applied to credit card interest rates. However, some rates were kept constant. Here are the details of the changes made:

Cards with a Periodic Debt Under 25 Thousand Lira:

For these cards, the contractual interest rate remains fixed, meaning it will continue to be applied at 3.5 percent.

Cash Advance and Overdraft Account (KMH) Interest Rate:

The interest rates for cash advances and overdraft accounts (KMH) have been reduced from 5 percent to 4.75 percent.

Individual Cards with Debt Between 25 Thousand and 150 Thousand Lira:

For these cards, the interest rate has been reduced from 4.25 percent to 4 percent.

Cards with Debt Over 150 Thousand Lira and Corporate Cards:

For cards in this group, the interest rate has been lowered from 4.75 percent to 4.50 percent.

WHEN WILL ITTAKE EFFECT?

The interest rate changes will be effective as of August 1, 2025. Credit cardusers will be able to transact with the discounted rates after this date.users will be able to transact with the discounted rates after this date.