Home // Personal // Credit Cards
Mastercard Ascend
is in your hands

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
12 Months
18 Months
24 Months
36 Months
48 Months



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


  • 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
Travel Insurance - FAQs
Travel Insurance Policy
Welcome to Cargills Bank...
Experience the amazing range of services offered by Cargills Bank.

Let us get to know you better!
Login with facebook or create an account to have a more personalised experience on cargillsbank.com
Inquiry Form