Proposing Lower Interest Credit Card

Jakarta - Indonesian Credit Card Association (Akki) along with Bank Indonesia (BI) is discussing standardization of credit card billing after the death of Citibank credit card customers Irzen Octa and the Parliament's decision to fix the rule. In addition to discussing the code of conductterkait credit card billing scheme, Akki also proposes a decrease credit card interest. 

This was conveyed by General Manager Steve Akki Martha while talking in Jakarta, Wednesday (20/04/2011)."In fact, BI has long encouraged a decrease in credit card interest rates so as not to strangle the customer. Well, we ask that at this time, and not also related to the case of the death of one of customers' credit card banks," said Steve.Credit card interest, currently at 3-4% is considered high enough so that many customers who end up in arrears. Steve said that credit card interest is possible to go down to 2-3%."Yes it is possible to 2-3%. But this is all still in discussions with BI," explained Steve.BI itself previously revealed, many customers who did not know credit card interest calculation, causing large amounts of arrears unexpected. Flowers are very large credit card could achieve 42% per year.Head of Public Relations Bureau of Bank Indonesia, Difi Ahmad Johansyah say when observed closely, credit card interest per year at least 30%."This is the result of the determination of loan rates at least 2.5% per month. In addition, additional costs such as stamp duty, payment through ATM often we do not realize," said Difi."But there was also a credit card that sets interest rate per month of 3.5% means it will be 42% per year," added Difi.Akki Council Dodit Probojakti also said it has formulated standarsisasi credit card debt collection as requested by the House and Bank Indonesia (BI). At least there are 6 keys from the standardization of billing credit card debt."Akki has also completed a standardized billing credit card debt as a commitment, which is less than 3 weeks. Akki will present the draft to BI which covers 6 key areas," said Dodit.The six key areas in the standardization of the credit card debt collection which includes the operating hours of collection, the code of conduct, recruitment and selection criteria for agents, the control mechanisms in the delivery of accounts and "post collections call", the last audit and sanction mechanisms in case of infringement.