Credit card interest rates will increase after the Central Bank increases the policy interest rate by 5 points to 30%. Here are the new interest rates that will be valid as of October 1.
Following the interest rate decision of the Central Bank, credit card interest rates will be changed.
The Central Bank Monetary Policy Committee increased the policy rate by 5 points to 30% at its September meeting.
Following the decision, the reference interest rate, which determines card interest rates, will increase from 2.26% to 2.71%.
The maximum monthly contractual interest rate to be applied to Turkish Lira credit card transactions will increase to 3.26% per month. Monthly late payment interest will also increase to 3.56%.
The maximum monthly contractual interest rate on cash withdrawal transactions such as overdraft accounts will increase to 4.02%. The overdue interest rate will increase to 4.32%.
The new interest rates will be valid as of October 1.
Source: NTV / Prepared by Irem Yildiz