The number of credit cards has doubled in Turkey in the past 10 years. A third of the population over 15 years of age has a credit card, according to the World Bank.

The accumulated debt volume of these cards in Turkey exceeded 35 billion euros in February. The Government is seeking to "cool down the economy and demand", since the increase of rates has not been enough to reduce inflation, says Mustafa Sönmez, an economist. He believes that the policy will be even more restrictive after last weekend's elections.