01.10.2025 09:57
With the decision of the Central Bank of the Republic of Turkey, credit card interest rates have changed as of today. Effective from October 1, the contractual interest rate for credit card transactions has been reduced to 4.50%, while the late payment interest rate has been lowered to 4.80%. The new regulation aims to reduce the borrowing costs for card users.
```html
The Central Bank of the Republic of Turkey (CBRT) has made significant changes to credit card interest rates and card payment systems. The new decisions will come into effect on November 1.
DISCOUNT ON CREDIT CARD INTEREST RATES
With the new regulation, the contractual interest rate applied to credit card transactions has been reduced from 4.75% to 4.50%. The late payment interest rate has also been lowered from 5.05% to 4.80%. Additionally, a 25 basis point interest reduction will be applied to cash withdrawal transactions and credit deposit accounts.
SEPARATION OF POS COMMISSIONS
Another noteworthy regulation in the communiqué concerns POS commissions. While the existing commission rate of 3.56% for transactions made with credit cards remains unchanged, the maximum POS commission rate applied to bank card transactions has been reduced to 1.04%.
BLOCKING PERIODS SHORTENED
A new regulation has also been made for businesses that choose the blocked working method instead of the POS commission. In bank card transactions, the maximum blocking period, which was 40 days, has been reduced to 15 days.
APPLICABLE FOR BANK CARDS AND PREPAID CARDS
The newly determined rates will apply not only to bank cards but also to prepaid cards and merchant payments from account to account.
```