Credit Card Applications

The Credit Card Applications module provides comprehensive management of credit card operations including card creation, customer-card relationships, limit structures, interest calculations, statements, installments, payments, and delinquency tracking.

Card Creation

Credit card creation process: 1. Application passes approval and limit allocation 2. Card information created with unique application reference 3. Embossing data generated in agreed format 4. PGP encrypted data shared with embossing company via FTP 5. New card, renewal, re-embossing, and supplementary requests processed

Customer Card Structure

Customer Structure

• Customer master data management
• Multi-card relationship per customer
• Contact information management through bank channels
• VIP, Gesture, Personnel customer type support

Card Structure

• Main and supplementary card hierarchy
• Shadow card for corporate accounts
• Virtual card linking
• Digital card management

Limit Structure

Customer Main Limit

The primary limit allocated to the customer account, forming the ceiling for all cards.

Primary Card Limit

• Limit assigned to the main card
• Can use up to customer main limit
• Source for supplementary card limits

Supplementary Card Limit

• Derived from primary card limit
• Rate or amount based allocation
• Cannot exceed primary card limit

Cash Transaction Limit

• Separate limit for cash advances
• Configurable as percentage or fixed amount
• Applied to ATM and POS cash withdrawals

Virtual Card Limits

• Date-range based limit assignments
• Fixed limit (reset by statement cut-off)
• Decreasing limit (used until exhausted)

Transaction-Based and Periodic Limitations

Limit Type	Description
Per Transaction	Maximum single transaction amount
Daily	Maximum daily spending
Weekly	Maximum weekly spending
Monthly	Maximum monthly spending
Count Based	Maximum number of transactions

Offline Limits

• Pre-authorized amounts for offline transactions
• Floor limit management
• Automatic reset counters

Contactless Limits

• Per-transaction contactless ceiling
• Cumulative contactless spending limit
• PIN verification threshold

Available Limit

Real-time calculation considering: - Total limit - Current balance - Pending authorizations - Blocked amounts

Limit Excess

• Configurable over-limit tolerance
• Over-limit fee application
• Automatic blocking at threshold

Limit Changes

• Temporary limit increases
• Permanent limit adjustments
• Approval workflow integration

Interest/Profit Parameters and Accrual

Interest Parameters

Parameter	Description
Purchase Interest Rate	Rate for retail transactions
Cash Advance Rate	Rate for cash withdrawals
Installment Rate	Rate for installment purchases
Delay Interest Rate	Rate for overdue payments
Grace Period	Interest-free payment window

Interest Accrual

• Daily accrual calculation
• Compound interest support
• Regulation-compliant calculations
• Islamic banking profit share option

Statement Parameters and Statement Cut-Off

Statement Currencies

Multi-currency statement support with: - Primary currency display - Original transaction currency - Exchange rate information

Statement Periods

12 configurable cut-off dates throughout the month, allowing customers to choose their preferred statement cycle.

Cut-off Date

• Configurable statement closing date
• Payment due date calculation
• Grace period management

Statement Profiles

Profile-based statement configuration: - Minimum payment percentage - Payment due days - Late payment fee rules - Statement message templates

Statement Message Definitions

Customizable messages for: - Marketing promotions - Regulatory notices - Customer communications

Statement Printing File Features

• PDF generation
• Electronic delivery
• Print file formats for vendors

Statement Cutting

Automated end-of-period process: - Balance calculation - Interest application - Fee assessment - Statement generation

Minimum Payment Amount

Configurable calculation: - Percentage of statement balance - Minimum fixed amount - Overdue amount inclusion

Electronic Statement Examples

• PDF statements via email
• Mobile app statement view
• Web portal access

Statement Notifications

• SMS notification on statement ready
• Email with statement attachment
• Push notification support

Cut-off Date Changes

Customer-initiated cut-off date modification with approval workflow.

Rediscount Applications

Interest and Fee Rediscount

• Interest waiver capabilities
• Fee reversal management
• Goodwill adjustments
• Approval-based discounting

Installment and Postponement

Installment Parameters

Parameter	Description
Minimum Installments	Lowest allowed installment count
Maximum Installments	Highest allowed installment count
Minimum Amount	Threshold for installment eligibility
Interest Rate	Installment-specific rate
Postponement Count	Allowed payment deferrals

Installment Instructions

• MCC-based installment restrictions
• Regulation compliance checks
• Partner-specific rules

Post-Purchase Installment

Converting single transactions to installments: - Available after settlement - Customer-initiated via channels - Interest/fee calculation

Loyalty Partnership Installments

Integration with: - BKM loyalty programs - Maximum program - Paraf Net program - Bank-specific loyalty schemes

Installment Cash Advance

• Cash withdrawal in installments
• Separate rate structure
• Minimum/maximum amount rules

Delay & Tracking Processes

Delay Tracking

Automated monitoring of: - Payment due dates - Overdue amounts - Aging buckets (30/60/90/120+ days) - Collection priority scoring

Payment Difficulty Tracking

Special handling for customers with: - Temporary financial hardship - Restructuring requests - Payment plan arrangements

Legal Proceedings

Automated workflow for: - Collection letter generation - Legal notice preparation - Write-off processing - Recovery tracking

Payment

Effect of Payments on Limit

• Immediate limit restoration
• Pending payment handling
• Over-payment management

Impact of Payments on Debt

Payment distribution priority: 1. Overdue interest 2. Overdue principal 3. Current interest 4. Current fees 5. Current principal

Effect of Payments on Overdue Debt

• Aging bucket reduction
• Delinquency status update
• Collection flag clearing

Financial Maintenance & Adjustment Records

• Manual adjustment capabilities
• Fee corrections
• Interest adjustments
• Balance modifications
• Full audit trail

Natural Disaster Practices

Special provisions for affected customers: - Payment postponement - Interest rate reduction - Fee waiver - Limit preservation

Institution Notifications

Regulatory reporting for: - LKS (National Limit Monitoring) - BKM (Interbank Card Center) - Central Bank requirements

Reporting

Mandatory Reports

• Regulatory compliance reports
• BKM statistical reports
• Central Bank submissions
• Tax authority reports

Application / API Reports

• Real-time portfolio analytics
• Customer behavior analysis
• Risk assessment reports
• Performance dashboards