Classic Credit Card

Seylan Credit Cards are rapidly gaining trust and winning hearts of customers. Seylan Credit Card is also one of the most preferred card in the market.

• Benefits & features

• Interest Rate applicable for Credit Cards are 28% p.a for Platinum, Gold, Classic Credit Cards and Freedom Credit Card.

• With a Platinum Seylan Credit Card you don’t have to carry cash. You could use it for day-to-day purchases such as paying hospital bills, restaurant bills, shopping etc. both locally and internationally.

• Maximum of 51 Days Interest Free Credit

• Cards are accepted at over 30 Million Merchant outlets and at over 1.6 Million ATMs globally

• 0% Interest free Instalment Schemes

• Register for E-Statement

  view your statement on the go even on your Smart phone

• Register for Internet & Mobile Banking at Zero Cost

• Seylan Express Cash

• SMS alert is generated free of charge after each transaction to ensure high security when using your Seylan Credit Card.

  
  
  

• 24 hour Call Center for convenience

• A wide range of “ Deals and Promotions”

• Travel Insurance

• Get your Seylan Credit Card updates via a SMS Anywhere, Anytime.

  Type SBK CC & Send to 3040 from your registered mobile number If you have multiple cards,
  Type SBK CC (Last 4 digits of your credit card) & Send to 3040 from your registered mobile number

• Tariff

• The Bank reserves the right to change the above rates at any time with prior notice.
• No refund of Annual Fees will be made if the card is terminated or not accepted.
• No Finance Charge will be levied (except on Cash Advances) if full settlement is made monthly on or before due date.
• Additional expenses, such as legal fees, credit transfers, cheque issuance and overseas charges (courier, fax, postage etc) will be levied where incurred.
• Secured cards (against a FD) will be issued free of charge and will attract lower interest rates.
• Government Stamp Duty of 2.5% will be applicable for all transactions and debited to the account in the following billing cycle.
• Fuel Surcharge 1%
• Seylan VISA Credit Cards are VISA paywave enabled
• Cards Agreement
• The format of the Seylan Bank Credit Card Customer monthly statement
• Code of Conduct for Credit Card Operations

• Interest Calculation
  • No interest will be levied (except on cash advances) if full payment is made on or before the due date. You will enjoy up to 51 days free of interest (depending on the transaction date), provided the previous months total outstanding is paid by the due date in full.
  • If full payment is not settled on or before the due date, interest will be calculated from respective transaction dates up to the billing date on reducing balance basis. 
  • Interest/ Finance charges will be charged if full payment is made after the due date
  • Interest will not be charged for purchases billed in current month but will be charged on the following month (from the transaction date) if not settled in full by for due date.
  • Interest to a particular transaction will be charged from the transaction date on the following month and there onward from the billing date, if rolled over.
  • Payments are first applied to charges and then to purchase and cash advances on FIFO basis.
  • Cash advances will accrue interest from the date of transaction until it is paid in full.

• Modes of Credit Card payment
  • Credit card bill payments through Seylan Internet Banking or Seylan Mobile app by downloading via Play store or App store
  • Automatic transfer instruction (Direct Debit) to recover the card due amount from your Seylan current or saving account on monthly basis
  • Make a CEFTs transfer from a current or saving account via any CEFTs enabled bank’s Internet Banking.
  • Cash deposits at any Seylan Cash Deposit Machine
  • Cheque deposits at any Seylan Bank branch
  • Cash deposit at any Seylan Bank counter
  • Cash payments at Cargills Food city Outlets (Subject to a handling fee of 0.75% flat)