Bank Indonesia Extends Credit Card Payment Relief to 2026

Bank Indonesia (BI) has extended a policy offering relief on credit card bill payments until the end of 2026, continuing its efforts to support the economy. This measure, which has been prolonged multiple times, was initially set to expire in June 2026.

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The policy of minimum payment by credit card holders of 5 percent of the total bill and the policy of late payment fines of a maximum of 1 percent of the total bill and not exceeding Rp 100,000.

Governor Perry Warjiyo stated that the policy is part of a broader strategy to enhance payment system digitalization and foster economic growth. Under the extended policy, credit card holders are required to pay a minimum of 5% of their total bill. Late payment penalties are capped at 1% of the total bill, not exceeding Rp 100,000.

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This is because we know that with the pressure on people's purchasing power, which naturally impacts growth, we need to support growth because this payment system policy is pro-growth.

In addition to credit card relief, BI has also extended the tariff policy for the National Clearing System (SKNBI). The fee from Bank Indonesia to banks remains at Rp 1, while the maximum fee from banks to customers is set at Rp 2,900. BI Deputy Governor Filianingsih Hendarta emphasized that these extensions are designed to be "pro-growth," particularly by supporting the middle class. She noted that credit card transaction volume has grown 8.6% year-on-year to 45.4 million transactions, with nominal transaction value rising 13.4% to Rp 42.9 trillion. Hendarta believes the policy acts as a buffer for consumption smoothing, ultimately supporting credit growth.

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Mainly helping the middle class for consumption buffer and ultimately to support credit growth.