Seylan Bank is a popular commercial bank in Sri Lanka. Established more than 3 decades ago, today, Seylan Bank has to its credit not only a widespread customer base but also a wide range of banking products, services, and facilities.
Amongst the bank’s many financial products is the Seylan Bank Freedom Credit Card. The card is an all-around credit solution and is ideal for everyday purchases and bill payments. The card has liberal credit limits for certain customers.
In this article, we share with you all the important information and details about the Seylan Bank Freedom Credit card. You can also find out if you are eligible and the steps you need to take if you want to apply.
Card Benefits & Features
Freedom from Charges
Owning and maintaining a credit card is often seen as an added expense. However, that’s not necessarily the case with the Seylan Bank Freedom Credit Card. The card is quite affordable, and if you use it properly even more so.
A number of annual and recurring charges have been waived off straight away, and the interest rate charged is pretty competitive.
Multiple Saving Options
One of the features we like about this credit card is the plethora of saving options that it offers you, by way of exclusive discounts, cashback, and royalty offers.
The card’s saving options extend to supermarkets, fuel stations, electronics, health, dining, travel, holidays, and more.
Therefore, no matter what you purchase and where you pay using the card, it’s highly likely that you are going to save pretty well!
Internet & Mobile Banking
The Seylan Bank Freedom Credit card comes with complimentary internet and mobile banking facility at zero cost.
Using these facilities, you can track your payments, review the transactions, and monitor your card – all while sitting at your place through your screen. Isn’t it amazing?!
Security Features
While the card pretty feature-rich and has so much to offer, there seems to be no compromise on the security front. The card is embedded with a security chip for safe transactions.
In addition, you get security alerts for reach transactions made through your card, and you can report immediately to the bank in case of any suspicious transactions.
How to Apply for Seylan Bank Freedom Credit Card?
There are multiple ways of applying for the Seylan Bank Freedom Credit Card. You can apply for the card by visiting the nearest Seylan Bank branch, by phone, or by way of SMS as well.
If you are unable to visit the branch, you can simply call the helpline number provided below in this article. To start your credit card application through SMS, you have to simply type ‘YES’ and send it to 2008888.
Note – You will be required to produce documents related to your identity, address, and financial status when you go through the credit card application process.
Fees and Charges
As we already mentioned, the fees and charges associated with this card are minimal but the ones that exist are listed below.
- Joining Fee – 0
- Annual Fee – 0
- Late Payment Fee – 0
- Over Limit Fee – 0
- Fuel Surcharge 1%
- Maintenance Charges as applicable
- Interest Rate – 18% p.a.
- Cash Advance Fee – LKR 700
- 51 days of the interest-free period
- Credit Range – Starting from LKR 50,000/-
Eligibility Requirements for Seylan Bank Freedom Credit Card
To be eligible for the Seylan bank Freedom Credit Card.
- You should have a minimum monthly income of LKR 50,000/- or a Fixed Deposit of a minimum sum of Rs.60,000/-.
- You should be aged between 25 to 60 years on the date of application
Contact Information
Head Office Address – Seylan Towers, No 90, Galle Road, Colombo 03, Sri Lanka.
Phone Number – +94 11 2 456 000 (Head Office), +94 11 2 008 888 (24 Hour Helpline)
Summary
The Seylan Bank Freedom Credit Card is a good option if you are looking for a reliable card for everyday use. You don’t have to pay annual fees and there’s a nice introductory interest-free period.
Additionally, you won’t get charged interest if you pay your balance on time. That means you can use the services of the card for pretty much free.
Please Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.
