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COVID-19 Relief - Credit Card Holders


Special concessions for Credit Cardholders due to the current situation in the country amongst COVID-19 pandemic

Dear Valued Seylan Credit Cardholder,

Due to the prevailing situation and Central Bank guidelines, we are pleased to inform you that,

No Late Payment Fees will be charged from 24th March to 30th September 2020.

Your Minimum Payment amount has been reduced from 5% to 2.5% from 31st March 2020 until further notice.

All credit card payments due on 30th April will be extended till 22nd May 2020. However, finance charges such as interest will be accrued and refunded only upon full settlement of the Credit Card bill on or before 22nd May 2020. Thus, the mentioned refund will be reflected on the following month’s statement.

A reduced Interest rate of 15% p.a will be applicable on local transactions up to a cumulative value of Rs.50,000/- with effect from 06th April 2020.This percentage reduction has already been adjusted for the customers with credit limits up to Rs.50,000/- and for the rest of the customers, a refund will be reflected in the next credit card statement.