Major Changes in Credit Card Limits on the Horizon: Date Set

New Regulation The new regulation has emerged as a significant change in the banking sector.
New Criteria Under the new regulation, credit card limits will be determined based on customers' actual income, existing debt burden, and repayment capacity, rather than just declared income.
The new criteria outlined in the regulation prioritize actual income and repayment capacity in limit calculations.
This will more accurately reflect customers' financial situations.
Data Integration The planned infrastructure will integrate Social Security Institution (SGK) income data with credit and debt records from the Turkish Banking Association Risk Center.
This integration will make the limit-setting process more transparent and reliable.
High-limit Cardholders In particular, customers whose income differs significantly from their current limits will have their limits reassessed.
The goal is to reduce debt risk.
Implementation Timeline Banks must complete work to align existing limits with income by January 1, 2027.
Conclusion The new regulation aims to directly link credit card limits to individuals' financial situations and closely monitor debt risk.