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Mastercard Ascend
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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

 

 

Required Documents for Balance Transfer
  • 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.

Special Benefit - Travel Insurance

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

 

SECTION BENEFITS PLATINUM 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 12 hours
F LOSS OF PASSPORT 750 10
G PERSONAL LIABILITY 50,000 200
I HIJACKING 75 per day max 750 12 hours
J TRIP DELAY/INTERRUPTION 50 per 12 Hours max 500 6 hours
K TRIP CANCELLATION 1,000 50
Travel Insurance - FAQs
Travel Insurance Policy
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