Our monthly law bulletin contains practical information for
companies, amendments in our legislation, current case law and
sectoral regulations.
We wish that the Monthly Bulletins April 2019 prepared by
Gürpınar Law Firm will be beneficial to you.
I. Announcements
Changes in Maximum Overdue Interest Rate on Credit Cards
CBRT decreased maximum interest rates on credit cards in the
first quarter of the year. The monthly maximum contractual interest
rate to be applied in credit card for transaction with Turkish Lira
was reduced from 2.25 percent to 2.15 percent, and the monthly
overdue delay interest rate was reduced from 2.75 percent to 2.65
percent. The monthly maximum contractual interest rate to be
applied in credit card for transactions with foreign currency is
1.72 percent and the maximum monthly interest rate is 2.22
percent.
