Internet Banking

Freedom Credit Card

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Features

The Seylan Freedom Credit Card which is positioned as a card to use for day to day purchases will have the following features.

  • Card type
  • MasterCard Titanium (EMV)

  • Credit period
  • 51 days

  • Offers
  • Eligible for all offers promoted.

  • Credit Limit
  • Rs.50,000/- and above.

The Freedom Credit Card will not have the following features compared to our normal Gold and Platinum Credit Cards.

  • Express Cash
  • All installment plans (Travel Easy Payment Plan, 0% installment plans etc.)

*The Freedom Card has a spend commitment of Rs.10,000/- per month. If spend commitment is not met, a maintenance charge of Rs.500/- will be recovered for that month.



How to get started
  • Eligibility:
    • Individuals with a monthly Income of Rs.50,000/- and above or a FD above of Rs.60,000/-.
    • Age 25 to 60 years
  • Documents Required:
  • The regular documents required when applying for a Seylan Credit Card.
  • Applying for a Card:
  • The Freedom Card can be applied by visiting any Seylan Bank Branch, Calling our Call Centre or simply texting ‘Yes’ to 2008888.
Interest Rates Fees
Interest Calculation
  • 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.
    • Current Interest Rates:
      • Normal cards : 24% p.a.
      • Master Freedom cards : 20% p.a.
      • Cash Back cards : 22% p.a.