Turkey raises minimum credit‑card payment rate for cards over 50,000 TL

Under current Turkish regulations, a credit‑card’s mandatory minimum payment is calculated on the card’s total limit rather than the outstanding balance. When the limit exceeds 50,000 TL, the required minimum payment rate jumps from 20 % to 40 % of the limit, regardless of the amount owed. The Central Bank of the Republic of Turkey (TCMB) also applies a tiered interest system that rises with the size of the debt: the lowest rate for balances under 30,000 TL, a middle rate for 30,000‑180,000 TL, and the highest rate for balances above 180,000 TL.

Experts advise consumers with high, unused limits to lower them below the 50,000 TL threshold or to distribute limits across multiple banks. Doing so can halve the cash required for the monthly minimum payment and reduce exposure to higher interest tiers.