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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 Joining Fee Lifetime Free
3 Supplementary Annual Fee Rs. 2,500/-
4 Supplementary Joining Fee FOC
5 Interest Rate (p.a) % 18%
6 Interest Free Period 55 Days Max
7 Balance Transfer Fee 11% Upwards
8 Monthly Spend Commitment Rs. 30,000
9 Over Limit Fee Rs. 990/-
10 Late Payment Fee Rs. 990/-
11 Cash Advance Limit 35% X Limit
12 Cash Advance Rs. 500/- or 4% whichever is higher
13 Limit Enhancement Fee Rs. 990/-
14 Minimum Payment 5% X Total Outstanding*
15 Card Replacement Fee Rs. 1,000/-
16 PIN Replacement Rs. 100/-
17 Per Statement Copy
(Except Last Statement)
Rs. 150/-
18 Cheque Return Rs. 900/-
19 Tax/Visa/Limit/Interest Confirmation Letters or any Credit Card Related Letters. Rs. 250/-
20 0% Installment Plan Handling Fee Rs. 500/-
21 Overseas Courier Fee Rs. 4,000/-
22 Travel Insurance* FOC
23 Spend commitment fee  (meeting the spend commitment) Rs. 500/-

 

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 35% on your credit limit.

 

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