18.09.2025 01:50
The Central Bank has reduced the margins for calculating credit card cash withdrawal and overdraft account interest rates by 25 basis points. The contractual interest rates have been lowered from 4.75% to 4.5%. The late payment interest has been decreased from 5.05% to 4.80%. The new rates will be effective from October 1st.
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The Central Bank of the Republic of Turkey (CBRT) has made changes to the "Regulation on Maximum Interest Rates Applicable to Credit Card Transactions."
DISCOUNT ON CREDIT CARD AND CASH ADVANCE INTEREST RATES
According to the change published in the Official Gazette, the interest rates for cash withdrawals from credit cards and credit deposit accounts have been reduced by 25 basis points.
The contractual interest rates have been reduced from 4.75% to 4.50%. The late payment interest has been decreased from 5.05% to 4.80%.
WILL BE EFFECTIVE FROM OCTOBER 1
Regarding the transition process, the rates to be calculated within the scope of the said change will be announced by the CBRT on September 24, 2025, and will be implemented from October 1, 2025. Until that date, the rates in effect prior to the publication date of the regulation will continue to be valid.
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