Mastercard Ascend | Cargills Bank

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

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 installments 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.

Example for a Balance Transfer of Rs 100,000/-

Repayment period

Other Bank

Interest Fee at 18% p.a for the period (Rs)

Cargills Bank Interest rate p.a

Total Interest Fee for the period with Balance Transfer (Rs)

Your Savings (Rs)

6 Months

9,000

11%

3,232.73

5,767.27

12 Months

18,000

11%

6,057.99

11,942.01

18 Months

27,000

11.5%

9,350.07

17,649.93

24 Months

36,000

11.5%

12,416.76

23,583.24

36 Months

54,000

12%

24,440.74

29,559.26

48 Months

72,000

14%

31,167.09

40,832.91

Balance Transfer Installment Plan Calculator.

Required Documents for Balance Transfer

Completed Balance Transfer application form : Cargills Bank Balance Transfer Application

Latest statement of the other bank Credit Card

Balance Transfer Terms and Conditions:

Balance Transfer – T&C Document

Tariff Guide

Type of Fee		Ascend
1	Primary Card Annual Fee	Lifetime Free
2	Annual fee from the 2nd year	Lifetime Free
3	Joining Fee	FOC
4	Monthly Spend Commitment	Rs. 15,000
5	Spend Commitment Fee (not meeting the spend commitment)	Rs.500
6	Supplementary Annual Fee	Rs. 2,500/-
7	Supplementary Joining Fee	FOC
8	Interest Rate (p.a) %	30%
9	Interest Free Period	55 Days Max
10	Minimum Payment	2.5% X Total Outstanding*
11	Balance Transfer Fee	11% Upwards
12	Over Limit Fee	Rs. 990/-
13	Late Payment Fee	Rs. 990/-
14	Cash Advance Limit	50% X Limit
15	Cash Advance	Rs. 400/- + 5% on Face value
16	Limit Enhancement Fee	Rs. 1,100/-
17	Card Replacement Fee	Rs. 1,000/-
18	PIN Replacement	Rs. 100/-
19	Per Statement Copy (Except Last Statement)	Rs. 150/-
20	Cheque Return	Rs. 900/-
21	Tax/Visa/Limit/Interest Confirmation Letters or any Credit Card Related Letters.	Rs. 250/-
23	Overseas Courier Fee	Rs. 4,000/-
24	Travel Insurance*	FOC
25	Image Card service fee-Own Images	Rs.750/-
26	Image Card service fee-Gallery Images	Rs.500/-
27	Image Replacement fee (Additionally Card replacement fees applicable)	Rs.250/-

Type of Fee	Fee
Overseas Transactions	All overseas transactions will be converted using Mastercard exchange rate. In order to mitigate local exchange rate movements, an additional amount will be included to the rate at the time of billing

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.

Ascend FAQ

Ascend FAQ.

Travel Insurance - FAQs

Travel Insurance – FAQs

Travel Insurance Policy

Travel insurance Policy