Bank Indonesia Extends Credit Card Relief Policy

Policy Extension to June 2026

Bank Indonesia has announced a second extension of its credit card relief policy, now set to expire on June 30, 2026. The policy maintains key features including a minimum payment requirement of 5% of total outstanding balance and late fees capped at 1% of total outstanding or Rp100,000 maximum, whichever is lower ¹

Impact on Consumer Spending and Financial Management

The extension is expected to provide households with greater financial flexibility, particularly during periods of economic uncertainty. According to Josua Pardede, Chief Economist at Bank Permata (BNLI), while the policy supports consumption, its impact is more significant as a cash flow buffer rather than a major consumption driver ²

Banking Sector Response

Major banks like BCA (BBCA) are proactively managing potential risks associated with the extended relief policy. BCA has enhanced its credit scoring and monitoring processes to maintain portfolio quality and mitigate potential increases in non-performing loans (NPLs). The bank is also offering tailored solutions to customers to manage their credit card obligations effectively ¹

Digital Payment Trends

The extension of the affordable SKNBI (National Clearing System) tariff has also contributed to the growth of non-cash transactions. Transaction data shows that SKNBI volume reached 36.87 million with a nominal value of approximately Rp1,295 trillion in Q3 2025, representing growth from the previous year. Experts note that while cost is an important factor, other elements such as speed, convenience, and service certainty are equally crucial in driving digital transaction adoption ²