Minimum payment rate for our credit cards is 100%. When it is the due date, the customer has to pay outstanding balance related to that month.
You can see the example of credit card delinquency calculation below. The example below has been created for cases where the next statement date is 20 days after the due date of previous statement. When calculating these date ranges, the actual day ranges are considered.
In case the credit card limit is used in the amount of TL 1.000 and the final payment date is paid in the amount of TL 300, the calculation of the sample delay penalty is as follows:
The balance remaining TL 700 until the next account cut-off date, from the last due date, delay penalty will apply.
Personal Credit Cards Penalty Charge Rate: %2,00
Minimum Payment Amount: 1.000 x (100%) = 1.000 TL
Payment Amount: 300 TL
Amount Paid: 1,000 - 300 = 700 TL
The unpaid debth will applied a delay penalty charge up to the delayed day.
Shopping Delay Amount: 700 x 20 x %2,00 / 30 = 9,33 TL
NOTE: No overdue penalty is charged for open retail credit cards. If payment is not made despite customer being informed, the credit card will be closed for shopping first, and then closed completely on the second statement date. Lost profit will be calculated manually starting from the first overdue date and charged for the closed retail credit cards