Turkish consumers warned of credit‑card closures and hidden spending habits

The Banking Regulation and Supervision Agency (BDDK) has introduced rules that allow banks to block cash‑advance facilities and close a credit card if the holder misses the minimum payment three times within a calendar year. If non‑payment continues for three consecutive periods, the card is permanently closed and legal collection procedures begin after 90 days, requiring the borrower to settle all overdue amounts to reactivate the account.

A separate financial‑wellness guide highlights five common micro‑spending habits that silently drain budgets: unused digital subscriptions, daily coffee purchases (the “latte factor”), impulse buys triggered by discounts, emotional shopping, and the ease of virtual‑card transactions. The guide advises reviewing statements, cancelling unnecessary services, and applying a 24‑hour waiting rule before purchases to curb these expenses.