TCMB - Press Release on the Maximum Interest Rates for Credit Cards in Q4 2017 - 09/09/2017, (2017-33)
Central bank: tcmb | Type: decision | Date: 2017-09-09

Press Release on the Maximum Interest Rates for Credit Cards in Q4 2017 - 09/09/2017, (2017-33)
No: 2017-33
9 September 2017
Press Release on the Maximum Interest Rates for Credit Cards in Q4 2017
The monthly maximum interest rates that banks can charge on credit card borrowing in the fourth quarter of 2017 have been left unchanged.
Banks in Turkey, as is the case in other countries, charge higher interest rates for credit card borrowing than they do for consumer loans. The CBRT, therefore, advises credit card holders with short-term credit needs to seek a consumer loan rather than borrowing on personal credit cards.
Press Release on the Maximum Interest Rates for Credit Cards in Q4 2017 - 09/09/2017, (2017-33)