Credit Card
What Is KKB (Credit Registration Bureau)?
KKB (Credit Registration Bureau) is a private company established in 1995 under Banking Law No. 5411 with nine bank shareholders, sharing credit information among member institutions.
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"Credit Bureau"
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EMV
What is an Application Identifier (AID)?
The AID tells the terminal which applications are present on a chip during a POS or ATM transaction. What does the AID do? It lets the terminal determine whether it supports an application on the chip. In Tag 9F06, it is 5-16 digits long.
Credit Card
What Is a Credit Card Limit Increase?
A credit card is a loan granted by the bank, so it must follow certain criteria and stay within a limit. As card usage changes over time, the need for a higher limit can arise.
Credit Card
What does credit card limit allocation mean?
A credit card is a card whose limit the bank sets after evaluating the customer against criteria such as income, payment history, and credit bureau score.
Credit Card
What are the requirements for getting a credit card?
A credit card is one of the most important payment tools in our lives. Of course, certain criteria must be met to be eligible for one. So what are the minimum requirements for getting a credit card?
Credit Card
What Products and Services Does KKB Offer Directly to Members?
KKB was established, under banking law, to enable the exchange of all kinds of information and documents among at least five banks, and it also shares credit information about customers. The Credit Bureau of Turkey also serves deposit banks, participation banks, financial institutions, and more.
Credit Card
Who Can Legally Get a Credit Card?
People over 18 who have the capacity to discern, are not under legal restriction and whose creditworthiness is deemed suitable by the bank can get a credit card. Banks set different criteria for professions, students and homemakers.
Credit Card
What Are the Advantages and Disadvantages of a Credit Card?
Credit cards can be a convenient way to manage income and expenses, but for those who don't know how to use them, they can become an expensive and risky product. Here are the key pros and cons to weigh before applying for one.
Credit Card
My Credit Card Applications Keep Getting Rejected. What Could Be the Reason?
Just as people differ in temperament, everyone's income, spending and payment habits differ. Some people shop for a month without trouble on a 1,000 TL card, while others can max out a 10,000 TL limit in the first week.
Credit Card
What is LKS (Limit Control System)?
Limit Control System (LKS): A system provided by KKB (Credit Bureau of Turkey) that allows customers' limit details to be checked in real time. It provides member banks (or institutions) with information sharing on consumers' credit card limits. Under the regulation by the BRSA...
EMV
What is PIX (Proprietary Application Identifier Extension)?
PIX is the last 4 digits of the AID (Application ID) value. It allows the application provider to distinguish between the different applications it offers. The PIX values by card scheme are listed below.
EMV
What are Card Scheme AID (Application Identifier) values?
AID tells the terminal which applications are present on a chip when a transaction is performed via POS/ATM. It is a 5-16 digit value in Tag 9F06, used to identify chip applications by card scheme.