REGULATION OF BANK CARDS AND CREDIT CARDS
The amendment to the Bank Cards and Credit Cards Regulation entered into force with the regulation published in the Official Newspaper dated October 22, 2014. 26 Of the Regulation. With the change made in the article;
“ The installment period for purchases of goods and services to be made by credit card and cash withdrawals may not exceed nine months, including periods when the debt is postponed after the purchase of goods or pay is postponed in installments for a certain fee or services. For jewelry-related expenses, this period cannot exceed four months. Installments cannot be applied for expenses related to telecommunications to be made with a credit card, as well as purchases of food, fuel and products that do not contain material goods or services in the form of gift cards, gift vouchers and the like.”
Paid paying a certain fee when purchasing goods or services, in case the consumer requests installment or postponement of the payment, the total period including postponement will not exceed 9 months.
For jewelry-related expenses, this period is shorter and is determined as 4 months. In this case, the installment period for jewelry purchase cannot exceed 4 months. Now, when a person goes to a jewelry store and buys a ring. Earrings or other item. The number of installments related to it can only be 4 months.
EXPENSES THAT CANNOT BE MADE IN INSTALLMENTS ARE LISTED BELOW:
-Expenses related to telecommunications,
-Food, food shopping,
-Fuel expenses,
– Gift cards, gift vouchers, etc. the prices paid for it.
When determining the expenditure items that cannot be made in installments. No restrictions were made on those counted in the regulation. And all such expenditures were excluded from the scope of installments.
with this amendment, which entered into force as of 22.10.2014, İt was aimed to. Prevent installments that applied a high maturity difference and were extended to 24-36 months.
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