Credit Card Tariff

 

Fee type Standard Gold Titanium Platinum World
Rs. Rs. Rs. Rs. Rs.
Annual fee – primary Free Free Free Free Free
Annual fee – supplementary Free Free Free Free Free
Joining fee – primary 3,000 3,500 4,000 4,500 5,000
Joining fee – supplementary 1,750 1,750 1,750 2,000 3,000
Replacement card 2,000 2,000 2,000 2,000 2,000
Additional statement request 400 400 400 400 400
Limit enhancement fee (permanent) 1,000 1,000 1,000 1,000 1,000
Limit enhancement fee (Temporary) 1,500 1,500 1,500 1,500 1,500
ATM cash advance fee Rs.1000 or 5% of cash withdrawal amount whichever is higher Rs.1000 or 5% of cash withdrawal amount whichever is higher Rs.1000 or 5% of cash withdrawal amount whichever is higher Rs.1000 or 5% of cash withdrawal amount whichever is higher Rs.1000 or 5% of cash withdrawal amount whichever is higher
ATM cash withdrawal (overseas) Rs.1000 or 5% of cash withdrawal amount whichever is higher Rs.1000 or 5% of cash withdrawal amount whichever is higher Rs.1000 or 5% of cash withdrawal amount whichever is higher Rs.1000 or 5% of cash withdrawal amount whichever is higher Rs.1000 or 5% of cash withdrawal amount whichever is higher
Cheque return fee 3,500 3,500 3,500 3,500 3,500
Auto debit failure charges 1,000 1,000 1,000 1,000 1,000
Interest 28.00% 28.00% 28.00% 28.00% 28.00%
Stamp duty (international transactions) 25 25 25 25 25
Late payment fee 1950 1950 1950 1950 1950
Over limit fee 1750 1750 1750 1750 1750
EMI Foreclosure fee 4% 4% 4% 4% 4%
PIN replacement fee 250 250 250 250 250
Charge slip retrieval request fee 200 200 200 200 200
Balance confirmation letter (3 Day) 750 750 750 750 750
Balance confirmation letter (Same Day) 1,000 1,000 1,000 1,000 1,000
Paper Statement 300 300 300 300 300
Card Upgrade 2,000 2,000 2,000 2,000 2,000
Card Downgrade 2,000 2,000 2,000 2,000 2,000

Note : All the fees, charges and rates are subject to change

 

Credit Card Interest Calculation Policy

No interest will be levied (except for cash advances) if Full Payment is made on or before the due date. You will enjoy up to 55 days Free of Interest (Depending on the transaction date), provided the previous month total outstanding is paid by the due date in full.

If full payment is not made on or before the due date, interest will be charged from respective transaction dates to the Billing date.

Interest and Finance charges will be charged if full payment is made after the due date.

If only part payment is made by the payment due date or no payment is made or payment is made, but after the payment due date, interest will be applied to the previous statement balance including new purchases (in the current statement) until the entire amount is fully settled.

Cash advance is subject to a cash advance fee, Cash advances will accrue interest from the date of the transaction until it is paid in full.

Interest: 2.33% p.m (28% p.a) for all CDB Mastercard Credit Cards.

Example on Interest Calculation
Statement Period: 01st Jan 2023 to 31st Jan 2023

Transaction Date Description Transaction amount (Rs.) Balance (Rs.)
01.01.2023 Opening Balance 0.00
15.01.2023 Purchase 10,000 10,000
29.01.2023 Cash Advance 15,000 25,000
29.01.2023 Cash Advance Fee 1,000 26,000
31.01.2023 Interest 23.01 26,023.01
31.01.2023 Closing Balance 26,023.01

Statement Period: 01st Feb 2023 to 28th Feb 2023
Payment due date: 25th Feb 2023  Minimum payment: Rs. 1,301.15

Transaction Date Description Transaction amount (Rs.) Balance (Rs.)
01.02.2023 Opening Balance 26,023.01
20.02.2023 Purchase 1,000 27,023.01
21.02.2023 Payment 5,000 22,023.01
28.02.2023 Interest 660.98 22,683.99
28.02.2023 Closing Balance 22,683.99

Interest calculation

Interest calculation

Date Range Amount Rate Number of Days Interest amount (Rs.)
29.01.2023 – 31.01.2023 Cash Advance 15,000 28% 2 23.01
01.02.2023 – 21.02.2023 Cash Advance 15,000 28% 21 241.64
21.02.2023 – 28.02.2023 Remaining Cash Advance 11,023.01 28% 7 59.19
01.02.2032 – 21.02.2023 Cash Advance Fee 1,000 28% 21 16.11
15.01.2023 – 28.02.2023 Purchase 10,000 28% 44 337.53
20.02.2023 – 28.02.2023 Purchase 1,000 28% 8 6.14
01/01/2023-21/02/2023 Interest 23.01 28% 21 0.37

 

Foreign currency transactions on Credit Cards

Per day ATM withdrawal to LKR50,000 and weekly ATM withdrawal amount to maximum of LKR100,000.

Foreign currency transactions will be converted using exchange rates determined by the payment scheme, Further, an additional amount of 4% will be added on the rate.

 

Late payments

Example on late payment calculation

If the Payment is not received by the payment due date or minimum amount due is not paid, a late payment fee will be charged.

Statement Period: 01st Jan 2023 to 31st Jan 2023

Transaction Date Description Transaction amount (Rs.) Balance (Rs.)
01.01.2023 Opening Balance 0.00
15.01.2023 Purchase 10,000 10,000
29.01.2023 Cash Advance 15,000 25,000
29.01.2023 Cash Advance fee 1,000 26,000
31.01.2023 Interest 23.01 26,023.01
31.01.2023 Closing Balance 26,023.01

Statement Period: 01st Feb 2023 to 28th Feb 2023 Payment due date: 25th Feb 2023 Minimum payment: Rs. 1,301.23

Transaction Date Description Transaction amount (Rs.) Balance (Rs.)
01.02.2023 Opening Balance 26,023.01
20.02.2023 Purchase 1,000 27,023.01
21.02.2023 Payment 5,000 22,023.01
28.02.2023 Interest 660.98 22,683.99
28.02.2023 Late Payment 1,950 24,633.99
28.02.2023 Closing Balance 24,633.99

Overlimit Fee

If customer exceeds the approved credit limit at any given date of the particular billing cycle and over limit fee will be charged.

 

Minimum Payment Calculation

Minimum due of current term = 5% of the outstanding + Unpaid min due of previous term (if any) + Overlimit amount (if any) + EMI instalment (if any)

 

Flexi-Instalment plan interest rates

EMI Tenture 3 Months 6 Months 12 Months 24 Months
CDB Recommended (Monthly) 5% 8.5% 16% 32%