Cyprus
Based on this information, write a new short title in English: Interest rates applied to credit cards have been rearranged – BRTK
According to this information, write a new article in English:
The maximum monthly overdue interest rate to be applied on credit cards has been determined as 5.13% in TL and 1.53% in foreign currency.
In the Central Bank announcement published in the Official Gazette, it was stated that the maximum monthly delay interest rate that can be applied to credit cards denominated in TL is 5.13% and 1.53% for cards denominated in foreign currency.
It is stated that the maximum monthly contractual interest rate is 4.63% for cards in TL and 1.03% for cards in foreign currency. It was noted that the new regulation will come into force as of December 1.
