25.07.2025 07:40
The Central Bank of the Republic of Turkey, which has lowered the policy interest rate, has reduced the interest rates applied to credit cards. The new rates will be effective from August 1st.
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The Central Bank of the Republic of Turkey (CBRT) has published a communiqué titled "Amendment to the Communiqué on Maximum Interest Rates Applicable to Credit Card Transactions" in the Official Gazette.
According to the communiqué, the maximum contractual interest rate for individual cards with a period debt balance below 25,000 lira remains fixed at 3.5%.
For all other rates, a reduction of 25 basis points has been made.
INTEREST RATES HAVE BEEN REDUCED
The cash advance and overdraft interest rate has been reduced from 5% to 4.75%, and for individual cards with a period debt between 25,000 and 150,000 lira, it has been decreased from 4.25% to 4%.
For individual cards with a period debt exceeding 150,000 lira and for corporate credit cards regardless of the period debt, the interest rate has been lowered from 4.75% to 4.50%.
The new interest rates will be effective from August 1st.
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