Beware of banks and credit cards! Significant change – News

The Banking Regulation and Supervision Agency (BRSA) revised the regulation on cardholder contracts by amending the credit card and credit card regulations

The new BRSA regulation contains amendments to the Banking and Credit Card Regulations

In the press release regulating the procedures and principles relating to the issuance and use of debit and credit cards and the operating principles of the entities included in the card payment system, a change has been made.
"The cardholder is required to reduce the limit of the card or the total limit of the card by requesting that the ipt card to cancel the card, to cancel the card, and to terminate the contract, it is mandatory that the request made within the seven day period is completed.

In the case of requests for reduction of the card limit or total card limit made by branches or card cancellation, a copy of the certificate signed or completed discount application form or cancellation form is mandatory for the issuer of the card., in the settlement before, "the cardholder has the right to cancel the card on request and cancel the contract. The cancellation of the card and the cancellation of the contract must be made no later than seven days from the issuing card.

class = "(19459003) In the case of card revocation requests with branches, it is mandatory that a signed document for branch authorities regarding the date of receipt of this application or a copy of the cancellation request form be completed.

With the added clause, card issuers were required to make it clear that the cardholder was requesting to reduce the card limit or the card limit before the limit reduction requests were processed. .

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