In order to prevent excessive borrowing by the Banking Regulation and Supervision Agency (BRSA), a new one was added to the precautions taken in previous periods and it was decided that the credit cards prepared for use for consumers will be delivered closed to internet shopping. Later, the scope of this decision was changed and it was stated that all consumers should close their credit cards for internet shopping, and those who want to open their credit card for internet shopping by expressing this request. After this announcement, it was also registered that credit cards can not be used without online shopping approval.
The regulation, which was prepared to protect the consumers completely, gave the banks the time until August 17, 2017, but the application was launched as of January 1, 2018, explaining that this period was not sufficient for the necessary awareness-raising activities. Therefore, consumers must open their credit card for internet shopping until 31 December 2017 at the latest, otherwise, the credit card will not be available for internet shopping until the next request.
About Regulating the Closing of Credit Cards to Internet Shopping
The regulation in question does not concern commercial credit cards and only covers individual credit cards. Internet shopping will continue to be made within the period specified as the transition period, but as of 31 December 2017, credit cards have been closed to internet shopping and will not be opened unless there is a demand.
Invoices to be issued for domestic or abroad, including subscription payments, cannot be paid unless the credit card is opened for internet shopping. Likewise, if the credit card is closed to internet shopping, no payment will be made from the credit card.
Although the period is given until 31 December 2017, the fact that the credit card is not opened to internet shopping until this date does not mean that the card will be closed to the provision forever. Until this date, consumers who have not opened their credit cards to online payments can contact their bank at any time and have their credit cards reopened. However, the most important detail that should not be forgotten is that the agreements made between some banks and companies such as VISA / MasterCard only make this possible within the working hours. Therefore, consumers who want to open their credit card to internet shopping outside of working hours or on holidays may need to wait for the next working day for this.
Automatic payment orders given earlier are not within the scope of this regulation regarding credit cards. In other words, the automatic payment instructions given previously will continue to be paid exactly and no notification will be required for this.
Methods of Opening Credit Card for Internet Shopping
The BRSA gave banks time to improve their systems and ease the workload before the regulation came into effect, and during this process, banks developed different solutions for opening credit cards to internet shopping. In this context, there are different methods that consumers can apply, and this may differ for each bank.
Good Finance Bank Credit Card Opening for Internet Shopping
Good Finance Bank shared that the relevant message should be answered in order to keep the credit cards open to internet shopping in the informative SMS sent to the customers that the credit cards would be shut down. This SMS has not been taken into consideration by many consumers and alternative channels have been produced.
Consumers who want to open their Good Finance Bank credit card to internet shopping have the opportunity to open their credit cards to internet shopping instantly by using ATMs, customer services or internet or mobile branch applications.
After logging into the account of consumers who will do this through the internet or mobile branch application, they can fulfill their request by following My Cards> My Credit Cards> My Credit Card Settings> Online Shopping.
E-Money Internet Shopping Opening
In addition to the information SMS that it sends to its customers, E-Money has created a smart SMS service that it later made available. In this context, the only thing consumers who want to open their E-Money credit card for online shopping is to write ONAY and send a text message to 3404 .
Additionally, E-Money customer service can be contacted or E-Money’s internet or mobile application can be used.