Cash Backed Credit Card Rates


Interest Rates

Annual Interest Rate on Purchases 30.00% p.a.- w.e.f. 01 August 2022
Annual Interest Rate on Cash Advances 36.00% p.a.- w.e.f. 01 August 2022

Fees

Details Visa Gold (LKR) Visa Platinum (LKR) Mastercard Freedom* (LKR) Visa Signature (LKR) World MasterCard (LKR)
Joining Fee Waived Off Waived Off Free Waived Off Waived Off
Annual Fee ( from 2nd Year onwards) 2,500.00 2,500.00 Free 6,000.00 6,000.00
Interest Free days on purchases 51Days. (Interest Free days are applicable only when full settlement is made monthly and is not applicable for Cash Advances)
Late Payment 1,500.00 1,500.00 Free 1,500.00 1,500.00
Excess Limit Fee 1,250.00 1,250.00 Free 1,250.00 1,250.00
Cash Advance Fee 700.00 or 4.0% (whichever is higher) 700.00 or 4.0% (whichever is higher) Free 700.00 or 4.0% (whichever is higher) 700.00 or 4.0% (whichever is higher)
PIN Re-Issue Fee 300.00 300.00 Free Free Free
Handling Fee - Paper Statement 200.00 per month 200.00 per month Free Free Free
Statement copy fee 400.00 400.00 Free Free Free
Confirmation Letter Issuing Fee -Same Day Service 2,000.00 2,000.00 Free Free Free
Confirmtion Letter Issuing Fee - Normal Service 1,000.00 1,000.00 Free Free Free
Voucher copy retrieval fee 2,500.00 2,500.00 Free Free Free
Cheque Return - Refer to drawer 2,000.00 + Postage 2,000.00 + Postage Free Free Free
Cheque Return Other reasons 1,000.00 + Postage 1,000.00 + Postage Free Free Free
Lost card replacement fee 1,000.00 1,000.00 Free Free Free
Permanent limit enhancement fee 750.00 750.00 Free Free Free
Temporary limit enhancement fee 1,000.00 1,000.00 Free Free Free
Overseas Courier fee 4,000.00 4,000.00 Free 4,000.00 4,000.00
Fuel Surcharge 1.0% 1.0% 1.0% 1.0% 1.0%
Maintenance Fee Not Applicable Not Applicable 750.00 Not Applicable Not Applicable
SMS Alert Fee ( Per Annum) 250.00 250.00 Free Free Free
Cancellation Letter Issuance Fee 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
Easy Payment Plan Early Settlement Fee 4% from the remaining balance. 4% from the remaining balance. Free 4% from the remaining balance. 4% from the remaining balance.
Urgent Application Processing Fee 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00
Processing Fees for Branch Counter Cash Withdrawals Additional 1% of the Cash Withdrawal Amount  Additional 1% of the Cash Withdrawal Amount  Free Free Free
Travel Insurance Fee (per Policy) - Up to 30 Days 2,500.00 2,500.00 2,500.00 Free Free
Overseas Transactions

All overseas transactions will be converted using VISA International exchange rates. In order to mitigate local exchange rate movements, an additional amount (minimum of 6.00%**) will be included to the rate at the time of billing.


** Rates are subjected to market rate fluctuations.

All overseas transactions will be converted using the applicable Telegraphic Transfer (TT) exchange rate of the Bank at the time of billing. In order to mitigate local exchange rate movements, the final billing amount will consist of an additional amount of minimum 6.00%**, apart from the initially authorized amount.
This applies to all Card transactions done at overseas merchants /service providers and websites registered outside of Sri Lanka but billed in Sri Lankan Rupees (LKR) as well, since the settlement of such transactions from the Bank to Merchant occurs in a foreign currency.

**Rate is subject to foreign exchange market rate fluctuations.

All overseas transactions will be converted using VISA International exchange rates. In order to mitigate local exchange rate movements, an additional amount (minimum of 6.00%**) will be included to the rate at the time of billing.


** Rates are subjected to market rate fluctuations.

All overseas transactions will be converted using the applicable Telegraphic Transfer (TT) exchange rate of the Bank at the time of billing. In order to mitigate local exchange rate movements, the final billing amount will consist of an additional amount of minimum 6.00%**, apart from the initially authorized amount.
This applies to all Card transactions done at overseas merchants /service providers and websites registered outside of Sri Lanka but billed in Sri Lankan Rupees (LKR) as well, since the settlement of such transactions from the Bank to Merchant occurs in a foreign currency.

**Rate is subject to foreign exchange market rate fluctuations. 

Processing Free

In order to mitigate the risk of exchange rate variances, all Card transactions done at overseas merchants/service providers and websites registered outside of Sri Lanka but billed in Sri Lankan Rupees (LKR) in the form of Dynamic Currency Conversion or Multi-Currency Transactions will attract a Processing Fee of minimum 3.5%** on the LKR transaction value.

** Rates are subjected to market rate fluctuations.

N/A

In order to mitigate the risk of exchange rate variances, all Card transactions done at overseas merchants/service providers and websites registered outside of Sri Lanka but billed in Sri Lankan Rupees (LKR) in the form of Dynamic Currency Conversion or Multi-Currency Transactions will attract a Processing Fee of minimum 3.5%** on the LKR transaction value.

** Rates are subjected to market rate fluctuations.

N/A

 

  • 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.
  • ATM withdrawal limits may vary subject to ATM limits of the particular bank.
  • LKR 25.00 will be charged for every LKR1,000 spent on foreign transactions (Government Stamp Duty).
  • 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.
     

* Mastercard Freedom - This card has a spend commitment of LKR 10,000.00 per month. If Spend Commitment is not met a maintenance charge of LKR 1500.00 will be recovered. The Calculation of the Minimum Spend Commitment is done based on the transactions billed on the respective billing cycle.