The Turkish Central bank has reduced the interest rates to be applied to credit card transactions.
The maximum monthly rate to be applied to TL credit card transactions has been reduced from 2.15% to 2%. For foreign currency credit card transactions the maximum rate has been reduced from 1.72% to 1.60%. The monthly late payment interest rate for TL transactions has been reduced from 2.65% to 2.40%, and for foreign currency transactions from 2.22% to 2%.
This decision is applicable from July 1st, 2019.