Turkey’s central bank announced new rules on maximum interest rates for credit card transactions, publishing the changes in the Official Gazette.
Under the regulation, the debt limit for cards with balances under 25,000 lira was raised to 30,000, while the basis points added to the active interest rate were cut from 39 to 14.
For cards with balances between 25,000 and 150,000 lira, the range was expanded to 30,000–180,000, and the basis points reduced from 89 to 64. For debts above 150,000 lira, the upper limit was raised to 180,000, with basis points lowered from 139 to 114.
The monthly contractual interest rate will be 3.25% for balances under 30,000 lira, 3.75% for balances between 30,000 and 180,000, and 4.25% for balances at 180,000.
Separately, the interest rate on cash advances and overdraft accounts was reduced from 4.50% to 4.25%.
The new rates will take effect Jan. 1, 2026.