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 1,500 2,000 2,500 3,000 4,000
Joining fee – supplementary 750 1,250 1,500 2,000 2,250
Replacement card 750 750 750 1,000 1,000
Additional statement request 200 200 200 200 200
Limit enhancement fee (permanent) 500 500 500 500 500
Limit enhancement fee (Temporary) 1000 1000 1000 1000 1000
ATM cash advance fee Rs.1000 or 5% of cash withdrawal amount Rs.1000 or 5% of cash withdrawal amount Rs.1000 or 5% of cash withdrawal amount Rs.1000 or 5% of cash withdrawal amount Rs.1000 or 5% of cash withdrawal amount
ATM cash withdrawal (overseas) Rs.1000 or 5% of cash withdrawal amount Rs.1000 or 5% of cash withdrawal amount Rs.1000 or 5% of cash withdrawal amount Rs.1000 or 5% of cash withdrawal amount Rs.1000 or 5% of cash withdrawal amount
Cheque return fee/auto debit failure charges 1,000 1,000 1,000 1,000 1,000
Interest 36.00% 36.00% 36.00% 36.00% 36.00%
Stamp duty (international transactions) 25 25 25 25 25
Late payment fee 1750 1750 1750 1750 1750
Over limit fee 1200 1200 1200 1200 1200
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) 500 500 500 500 500
Balance confirmation letter (Same Day) 750 750 750 750 750
Paper Statement 200 200 200 200 200
Card Upgrade 1250 1250 1250 1250 1250
Card Downgrade 1250 1250 1250 1250 1250

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: 3% p.m (36% p.a) for all CDB Mastercard Credit Cards.

Example on Interest Calculation
Statement Period: 01st Jan 2022 to 31st Jan 2022

Transaction Date Description Transaction amount (Rs.) Balance (Rs.)
01.01.2022 Opening Balance 0.00
15.01.2022 Purchase 10,000 10,000
29.01.2022 Cash Advance 15,000 25,000
29.01.2022 Cash Advance Fee 1,000 26,000
29.01.2022 Interest 29.59 26,029.59
31.01.2022 Closing Balance 26,029.59

Statement Period: 01st Feb 2022 to 28th Feb 2022
Payment due date: 25th Feb 2022  Minimum payment: Rs. 1,301.48

Transaction Date Description Transaction amount (Rs.) Balance (Rs.)
01.02.2022 Opening Balance 26,029.59
20.02.2022 Purchase 1,000 27,029.59
28.02.2022 Interest 868.73 27,898.32
28.02.2022 Late Payment 1750.00 29,648.32
28.02.2022 Closing Balance 29,648.32

Interest calculation

Interest calculation

Date Range Amount Rate Number of Days Interest amount (Rs.)
29.01.2022 – 31.01.2022 15,000 36% 2 29.59
15.01.2022 – 28.02.2022 10,000 36% 44 433.97
01.02.2022 – 28.02.2022 15,000 36% 27 399.45
01.02.2022 – 28.02.2022 1,000 36% 27 26.63
01.02.2022 – 28.02.2022 29.59 36% 27 0.79
20.02.2022 – 28.02.2022 1,000 36% 8 7.89

 

Foreign currency transactions on Credit Cards

Maximum weekly foreign transactions (POS & Ecommerce) on CDB Credit cards are capped to LKR150,000 per card.

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

Monthly Foreign transactions (ATM, POS & Ecommerce) limit will be capped at LKR400,000 per card.

The capped transaction limit will not be applicable for Educational, Hospital, Lodging & Hotels, Insurance and Airlines and Air Carriers merchant categories.

Foreign currency transactions will be converted using exchange rates determined by the payment scheme, Further, an additional amount of 7% 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 2022 to 31st Jan 2022

Transaction Date Description Transaction amount (Rs.) Balance (Rs.)
01.01.2022 Opening Balance 0.00
15.01.2022 Purchase 10,000 10,000
29.01.2022 Cash Advance 15,000 25,000
29.01.2022 Cash Advance fee 1,000 26,000
31.01.2022 Interest 29.59 26,029.59
31.01.2022 Closing Balance 26,029.59

Statement Period: 01st Feb 2022 to 28th Feb 2022 Payment due date: 25th Feb 2022 Minimum payment: Rs. 1,301.48

Transaction Date Description Transaction amount (Rs.) Balance (Rs.)
01.02.2022 Opening Balance 26,029.59
20.02.2022 Purchase 1,000 27,029.59
28.02.2022 Interest 868.73 27,898.32
28.02.2022 Late payment 1,750 29,648.32
28.02.2022 Closing balance 29,648.32

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)