30.09.2025 12:01
According to the decision made by the Central Bank, credit card interest rates will be reduced starting from October 1st. Accordingly, the contractual interest rate will be lowered to 4.50%, and the late payment interest rate will be reduced to 4.80%.
The Central Bank of the Republic of Turkey (CBRT) has announced a reduction in credit card interest rates through a communiqué published in the Official Gazette. The regulation, which will take effect from October 1, directly concerns both credit card users and cash withdrawal transactions.
INTEREST RATES HAVE BEEN LOWERED
According to the new regulation, the contractual interest rate for credit card transactions has been reduced from 4.75% to 4.50%, and the late payment interest has been lowered from 5.05% to 4.80%. Additionally, a 25 basis point interest reduction will be applied to cash withdrawal and credit deposit account transactions.
DISTINCTION IN POS COMMISSIONS
The communiqué also included an important change regarding card payment systems. The existing POS commission rate of 3.56% applied to credit card transactions will be maintained. However, the commission rate for bank card transactions has been reduced to 1.04%.
BLOCKED DAYS FOR BUSINESSES HAVE BEEN SHORTENED
A new regulation has been made for businesses that prefer to work with blocked payments instead of paying POS commissions. The maximum blocking period, which was previously 40 days, has been limited to 15 days for bank card transactions.
PREPAID CARDS INCLUDED
The newly determined rates will also apply to prepaid cards and business payments from account to account. This regulation will come into effect on November 1.