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Mastercard Ascend
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Product Introduction

Unlock a lifetime free Cargills Bank Ascend Credit Card.

 

We offer you

  • Quick and easy  shopping with Contactless Payment technology
  • EMV compliant Chip and PIN technology for greater security
  • Up to 55 days of credit period
  • Attractive discounts & offers around the year with Cargills Bank Credit Cards
  • Worldwide ATM cash advances through MasterCard ATM network
Product Benefits

Enjoy a range of benefits and privileges, including a lifetime free Ascend Credit Card, with a spend commitment of LKR 30,000/- in a calendar month. All the online & offline POS transactions are considered for your monthly spend commitment.

  • No joining fee
  • Give a missed call 077 0 689 689 to check credit card balance via SMS.
  • E-statement facility
  • EMV chip card with added security on transactions
  • 3D secure transaction authentication to provide greater security, especially for online transactions
  • Customer Service Call Centre available 24×7
  • Fabulous offers and discounts from leading merchant outlets
  • Everyday offers at Cargills Foodcity, KFC, TGIF & Ceylon Theatres.

 

Credit Card Balance Transfer

Now You can transfer Other bank existing card balance(s) to a Cargills Bank credit card and repay it off by equal monthly instalments up to 48 months under lower interest rate.

  • Minimum amount for Balance Transfer is LKR 25,000/- & Maximum limit is up to 100% of the credit limit of the Cargills Bank Credit Card.
Required Documents for Balance Transfer
Balance Transfer Terms and Conditions: 
Balance Transfer – T&C Document
Special Benefits

Tailored perks for Ascend Credit Cardholders, ensuring maximum value and convenience with every transaction.

Travel Insurance

Enjoy free overseas Travel protection by Sri Lanka Insurance Corporation Limited when you use your Cargills Bank Mastercard Ascend Credit Card to purchase your return air ticket or overseas hotel booking from Sri Lanka.

 

SECTION BENEFITS ASCEND CREDIT CARD EXCESS IN (USD)
LIMIT (USD)
A EMERGENCY ACCIDENT AND MEDICAL EXPENSES & EVACUATION & REPATRIATION 100,000 100
B ACCIDENTAL DEATH & DISMEMBERMENT 50,000 Nil
C ACCIDENTAL DEATH & DISMEMBERMENT(COMMON CARRIER ONLY) 100,000 Nil
D COMMON CARRIER BAGGAGE LOSS(20% PER BAG AND 5% PER ARTICLE) 2,000 50
E BAGGAGE DELAY 1,000 06 hours
F LOSS OF PASSPORT 750 Nil
G PERSONAL LIABILITY 50,000 200
I HIJACKING 1,000 24 hours
J TRIP DELAY/INTERRUPTION 500 6 hours
K TRIP CANCELLATION 1,000 50
L 24 HOURS MEDICAL ASSISTANT SERVICES YES

 

Travel Insurance – FAQs

 

Travel Insurance FAQ

Travel Insurance Policy

 

Travel Insurance Policy

 

Image Card Facility

Personalize your Ascend Credit Card with an image of your choice, reflecting your unique style and preferences.

Image card application : Cargills Bank Image Card Application

Image card guidelines   : Cargills Bank Image Card Guidelines

Image card FAQs            : Cargills Bank Image Card FAQs

View sample image card:Sample Image Card

 

Tariff Guide

 

 

Type of Fee Ascend
1 Primary Card Annual Fee Lifetime Free
2 Joining Fee FOC
3 Monthly Spend Commitment Rs. 30,000
4 Spend Commitment Fee (not meeting the spend commitment) Rs.500 *
5 Supplementary Annual Fee Rs. 3,000/
6 Supplementary Joining Fee FOC
7 Interest Rate (p.a) % 26% (w.e.f. 1st Sept 2024)
8 Interest Free Period 55 Days Max
9 Minimum Payment 4% X Total Outstanding*
10 Balance Transfer Fee 11% Upwards
11 Over Limit Fee Rs. 1,500/-
12 Late Payment Fee Rs. 1,600/-
13 Cash Advance Limit 50% X Limit
14 Cash Advance Rs. 400/- + 5% on Face value
15 Limit Enhancement Fee Rs. 1,100/-
16 Card Replacement Fee Rs. 1,500/-
17 PIN Replacement Rs. 200/-
18 Per Statement Copy Rs. 250/-
19 Digital Statement Copy FOC
20 Cheque Return Rs. 900/-
21 Tax/Visa/Limit/Interest Confirmation Letters or any Credit Card Related Letters. Rs. 750/-
22 Overseas Courier Fee Rs. 4,000/-
23 Travel Insurance* FOC
24 Image Card service fee-Own Images Rs. 1,000/-
25 Image Card service fee-Gallery Images Rs.500/-
26 Image Replacement fee (Additionally Card replacement fees applicable) Rs. 1,000/-
27 SMS Alert Fee (Annually) Rs.300/-

 

Type of Fee Fee
Overseas Transactions All overseas Credit & Debit card transactions will be converted using Bank Treasury selling rate. In order to mitigate the local exchange rate movements, an additional amount (4%) will be included to the rate at the time of billing from 03rd of October 2022.

TERMS & CONDITIONS

  • Interest will be charged if full payment is not received on the due date or if part/minimum payment is made before, on or after the due date or if full payment is made after the due date.
  • Minimum payment amount: 5% of the total outstanding amount.
  • Stamp Duty: Stamp duty will be charged only for your transactions performed at merchants based outside of Sri Lanka (Including on – line merchants). The amount is charged at Rs. 25/- for every Rs. 1,000/- or part for all such transactions.
  • Overlimit Fee: Rs. 990/- will be charged, if you exceed your limit at any time during a statement cycle.
  • Late Payment Fee: If your minimum payment has not been received by the due date, a monthly late payment charged of Rs. 990/- will be debited to your card account.
  • Cash Limit: Up to a maximum of 50% on your credit limit.

 

Eligibility Criteria
  • Individuals over 18 years of age
Required Documents

Prepare the necessary documents needed to apply for the Ascend Credit Card, ensuring a hassle-free application process.

a) If Salaried;

  • A copy of NIC or Passport.
  • Salary slip.(at least last 03 months salary slips).
  • Letter from employer confirming salary.

b) If Self-employed;

  • Letter from auditors confirming annual income for the last 02 years.
  • Copy of the business registration certificate.
  • Copies of bank statements for the last 03 months.
Credit Card Statement
Terms and Conditions

Credit-Card-Terms-and-Conditions

 

Ascend FAQ

Ascend-FAQ

*Credit Card settlements carried out via Mobile Banking / Internet Banking should be done prior 6.00 PM on the due date to avoid any settlement delays.

*Please note the following geographies are currently subjected to comprehensive U.S. sanctions. Mastercard has no offices, subsidiaries, or affiliated entities, nor does Mastercard license any customers to issue or to acquire transactions from either point-of-sale (POS) or ATM locations, in these regions and countries:

  • Crimea
  • Iran
  • North Korea
  • Syria
  • Sudan
Apply for a Credit Card

Start enjoying exclusive benefits and privileges by applying for the Cargills Bank Ascend Credit Card today.

https://www.cargillsbank.com/apply-for-credit-card

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