Communiqué on Amending the Communiqué on Maximum Interest Rates to be Applied in Credit Card Transactions (No. 2020/16) (No. 2026/6)
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This regulation, published on 31 January 2026, amends the 2020 Central Bank Communiqué on credit card interest rates. It adds a new paragraph to the temporary article 5. The amendment establishes special rules for the restructuring of credit card debts pursuant to the Banking Regulation and Supervision Agency (BRSA) decision dated 29 January 2026. For restructured credit card debts, the monthly contractual interest rate cannot exceed the monthly reference rate announced according to the Communiqué on Fees Chargeable by Banks from Commercial Customers (No. 2020/4). The maximum monthly late payment interest rate remains the highest rate determined under Article 5 of the original Communiqué. These provisions apply to participation banks by substituting profit rate and late penalty rate respectively.
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Key Changes
- Adds new paragraph (3) to temporary Article 5 of the 2020/16 Communiqué
- Restructured credit card debts pursuant to BRSA Decision No. 11366 dated 29/01/2026
- Monthly contractual interest rate for restructured debts cannot exceed the reference rate announced under Communiqué 2020/4
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Obligations
What this law requires
For restructured credit card debts under BRSA decision dated 29 January 2026, banks must not apply a monthly contractual interest rate exceeding the monthly reference rate announced according to Communiqué No. 2020/4 on Fees Chargeable by Banks from Commercial Customers
Banks must calculate the monthly contractual interest rate for restructured credit card debts according to the procedures and principles established in Communiqué No. 2020/4
For restructured credit card debts, banks must apply the maximum monthly late payment interest rate as determined under Article 5 of Communiqué No. 2020/16
Participation banks must apply profit rate (kır payı oranı) in place of contractual interest rate for restructured credit card debts
Participation banks must apply late penalty rate (gecikme cezası oranı) in place of late payment interest rate for restructured credit card debts