The amendment to the Regulation on Debit and Credit Cards entered into force with the regulation published in the Official Gazette dated October 22, 2014. Regulation 26. With the amendment made in the article;
“The installment period for purchases of goods and services to be made with credit cards and cash withdrawals, including installment of debt paid for a certain fee after the purchase of goods or services or periods when payment is postponed, cannot exceed nine months. For jewelry-related expenses, this period cannot exceed four months. Installments cannot be applied for telecommunication-related expenses to be carried out with credit cards and purchases of food, food, fuel oil and products that do not contain any tangible goods or services in the form of gift cards, gift vouchers and similar forms.” the phrase is brought.
As of the day, when the consumer receives goods or services, pays a certain fee and requests that this be paid in installments or that the payment he will make be postponed, the total period, including postponement, will not exceed 9 months.
For the expenses related to jewelry, this period was kept shorter and determined as 4 months. In this case, the installment period for the purchase of jewelry trappings will not exceed 4 months. Now, when a person goes to a jewelry store and buys a ring and earrings or goods in kind, the number of installments related to it can only be 4 months.
THE EXPENSES FOR WHICH INSTALLMENT WILL NOT BE POSSIBLE ARE LISTED AS FOLLOWS:
-Expenses related to telecommunications,
-Food, food shopping,
-Fuel expenditures,
– The fees paid for the purchase of gift cards, gift vouchers, etc.
While determining the expenditure items that cannot be made in installments, no restrictions have been made with the ones listed in the regulation and all such expenditures have been excluded from the scope of installment.
With this amendment, which entered into force as of 22.10.2014, it was intended to prevent installment payments with a high maturity difference and extending up to 24-36 months.
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