The Regulation on Bank Cards and Credit Cards of the BRSA provided a mechanism whereby the minimum payment on credit card debt was calculated as a percentage of the total current balance regardless of the maximum limit of the credit card. The amendment (published in the Official Gazette dated 17 December 2010 and numbered 27738) introduces different percentages to be
applicable on the calculation of the minimum payment on credit cards depending on which range the maximum limit of a particular credit card falls into.