Jakarta, ThedailyID — Bank Indonesia (BI) has extended its credit card payment relief policy until December 31, 2026, allowing banks to continue offering easier repayment terms to cardholders.
The central bank said the extension aims to maintain financial system stability while supporting household purchasing power and economic growth.
Under the policy, banks may continue setting the minimum monthly credit card payment at 5% of the total outstanding balance. Previously, the minimum payment requirement stood at 10%.
In addition, BI will keep the maximum late payment fee at 1% of the outstanding balance, with a maximum charge of Rp100,000. The central bank introduced the measure during the COVID-19 pandemic to ease consumers’ financial burden.
BI Governor Perry Warjiyo announced the extension after the central bank’s Board of Governors Meeting on Wednesday.
According to BI, the policy reflects continued efforts to support domestic consumption while preserving the resilience of Indonesia’s financial sector.
Furthermore, the central bank expects the flexibility to help consumers manage their finances more effectively without significantly increasing risks to the banking industry.
The extension forms part of BI’s broader macroprudential strategy to sustain economic recovery and encourage stable credit growth through the end of 2026.
