A refined financial solution designed to optimize corporate expenditure, enhance operational control, and support your organization’s growth ambitions.
The Seylan Corporate Credit Card gives your business the flexibility to spend, the control to manage, and the power to grow—locally and globally, with enhanced visibility and stronger governance.
Benefits
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Smart Cash Flow Control
Manage day-to-day business expenses efficiently while maintaining stronger control over your organization’s working capital cycle and cash flow.
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Up to 51 Days Interest-Free Credit
Enhance short-term liquidity with up to 51 days of interest-free credit on purchases, supporting smoother cash flow management.
*Applicable upon full monthly settlement and not valid for cash advances.
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Secure & Convenient Transactions
Experience the convenience of seamless local and global transactions, supported by advanced security features including real-time alerts and fraud monitoring.
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Simplified Reconciliation
Streamline your accounting processes with detailed statements, enabling efficient expense tracking and faster financial reconciliation.
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Access to Exclusive Card Promotions
Enjoy eligibility for all applicable promotional offers, delivering added value for your business spending.
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Global Acceptance
Widely accepted worldwide, making them ideal for travel, online payments, and international business transactions.
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Tailored Fuel & Mobility Card Solutions
Flexible card options tailored to your business needs, with the choice of a Fuel Card or a combined Fuel & Taxi Card facility.
Eligibility
- Exclusively for Limited Liability Companies that have maintained a Corporate Account with SBK for a minimum of 06 months.
- Directors / Senior Management / Authorized Employees
Overseas spend thresholds
Foreign spend/ cash thresholds are subject to country risk evaluation, hence certain countries may have restricted spend/ cash limits.
Interest Rates & Fees
| Description | Charge / Fees |
|---|---|
| Interest Rate %p.a. | 26.00% p.a |
| Annual Fee | LKR 6,000.00 |
| Joining Fee | LKR 2,750.00 |
| Interest Free days on Purchases (maximum) | 51 Days (Interest free days are applicable only when full settlement is made monthly and is not applicable for cash advances). |
| Late Payment Fee | LKR 2,000.00 |
| Excess Limit Fee | LKR 1,950.00 |
| Cash Advance Fee | LKR 700.00 or 4.00% whichever is higher |
| Pin Re-Issue Fee | FREE |
| Handling Fee - Paper Statement | FREE |
| Statement Copy Fee | FREE |
| Confirmation Letter issuing fee | FREE |
| Voucher Copy Retrieval Fee | FREE |
| Cheque Return - Refer to Drawer | FREE |
| Cheque Return - Other Reasons | FREE |
| Lost Card Replacement Fee | FREE |
| Overseas Courier Fee | LKR 4,000.00 |
| Limit Enhancement Fee | FREE |
| Travel Insurance Fee (per Policy) - up to 30 days | FREE |
| SMS Alert Fee ( Per Annum) | FREE |
| Fuel Surcharge | 1% |
| 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 4.50%**) will be included to the rate at the time of billing. ** Rates are subjected to market rate fluctuations. |
| Processing Fee | 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. |
| Cancellation Letter Issuance Fee | LKR 2,000.00 |
| Urgent Application Processing Fee | LKR 1,500.00 |
| Cash Advance Limit | 50% of the Credit Limit |
How to get started
- Call our dedicated Hotline +94112008888
- Submit a Call back request.
- Visit Any Seylan Branch Island wide.
Modes of Credit Card Payment
| Modes of Payment | Payment Cut-Off Time | Payment Updating Time |
|---|---|---|
| Payments through Seylan Internet Banking or Seylan Mobile Banking Application. | 3.00 PM | Real Time |
| CEFTs transfers from a current or saving account through CEFTs enabled banks’ Internet Banking or Mobile Banking Application. | ||
| Cash deposits at any Seylan Cash Deposit Machine. | ||
| Cash Deposit at any Seylan Bank Branch counter. | Branch Closing Time | |
| Cheque Deposits at any Seylan Bank Branch. | 1.00 PM | Same day if it is a Seylan Bank cheque or else upon realization. |
| Automatic transfer instruction from Seylan Savings or Current Account (Direct Debit/Standing Instruction) | N/A | Same Day ( when the Direct Debit / Standing Instruction is effected) |
- 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 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 the 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 first in first out basis
- Cash advances will accrue interest from the date of transaction until it is paid in full.
- Sample Interest calculation
General Conditions
- No refund of Annual Fees will be made if the card is terminated or not accepted.
- No Financial Charges will be levied (except on Cash Advance) if full settlement is made monthly on or before due date.
- Additional expenses, such as legal fees, credit transfers, cheque issuance and overseas charges (e.g. courier, fax, postage etc.) will be levied where incurred.
- LKR 25.00 will be charged for every LKR 1,000 spent on foreign transactions (Government Stamp Duty).
- The Bank reserves the right to change the above rates at any time with prior notice.
Agreement & Conduct:
Credit Card Holder Agreement
Code of Conduct for Credit Card Operations
Format of Credit Card Monthly Statement
Foreign Exchange regulations applicable for Electronic Fund Transfer Card /EFTC
