If you have been looking for a quick and easy way to shop through contactless payment technology that allows you to leave your credit card at home, then the Cargills Bank Credit Card should be on your radar, as this is what it does.

The card is designed with the compliant EMV PIN and Chip technology to ensure greater security and the ability to transfer large purchase charges on the card. You are able to transfer LKR 25,000 and pay it for up to 48 months of equal monthly installments.

In addition to balance transfers, the card comes with attractive offers and discounts all year round from the Cargills Bank. Read on to learn about the other features attached to this particular card in our review below, including the fees and charges the card attracts.

Cargills Bank Credit Card - Know the Benefits and How to Apply for MasterCard Gold

Cargills Bank MasterCard Gold Credit Card Features

You get to keep track of your account and all transactions online, by logging into the company website and creating a profile with them.

You really do not have to carry your credit card around and risk it getting lost or stolen as the card offers contactless payment through their app, which you download on your phone and use at all shopping stores to make payments.

When you pay your balances at the end of each month faithfully, you are likely to enjoy an interest-free period of up to 55 days whenever you use the card.

MasterCard Use and Balance Transfers

The MasterCard status means that you can be able to use the card wherever you are in the world where MasterCard is allowed, which makes it easy for you to travel using the card.

The card allows you to transfer large purchase costs on to it, and then you can pay for them over a 48 month period, which is enough time to clear the debt in full without any issues.

Eligibility Criteria

In order to apply for this card, you must be at least 18 years old, and you must have a stable income that pays at least LKR 45,000/- a month (net). You must also be a citizen of Sri Lanka.

How to Apply for the Cargills Bank MasterCard Gold Credit Card

To apply for the card, simply visit the company website and fill out your passport number of NIC number to get started. They will require you to provide them with your name, address, income, employment information, and a proof of identity.

Interest Rates and Fees

When applying for a credit card, it is important to be aware of the fees and interest charged. Below is a list of fees that come with the Cargills Bank MasterCard Gold Credit Card.

  • Annual card fee – Rs. 1,000
  • Joining fee – Rs. 500
  • Supplementary Annual Fee – Rs. 500
  • Interest rate p.a. – 18%
  • Interest-free period – 55 days max
  • Minimum payment – 5% of the total outstanding amount
  • Over limit fee – Rs. 750
  • Late payment fee – Rs. 900
  • Cash advance limit – 35% x limit
  • Cash advance limit – Rs. 400 or 3% of the amount, whichever is higher
  • Limit enhancement fee – Rs. 750
  • Card replacement fee – Rs. 500
  • PIN Replacement fee – Rs. 100
  • Statement copy – Rs. 150
  • Cheque Return – Rs. 900
  • Tax/Visa/Limit/Interest Confirmation Letters or any Credit Card Related Letters – Rs. 250
  • Overseas Courier Fee – Rs. 4000
  • Balance Transfer Fee – 15% upwards
  • 0% Installment Plan Handling Fee – Rs. 500
  • Cheque on card Processing fee – Rs. 1000

Contact Info

Cargills Bank Credit Card - Know the Benefits and How to Apply for MasterCard Gold

To find out more about the Cargills Bank MasterCard Gold Credit Card, it is advisable to contact the bank directly. Cargills Bank can be contacted by calling +094 11 7 640 640. Their head address is No. 696 Galle Road, Colombo 3, Sri Lanka.


With this credit card, the main selling point is the 48 months allocated balance transfer payment time. You can be able to transfer huge balances on the card and repay them on time. Check out the eligibility before applying to ensure that you qualify.

Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the bank’s terms and conditions page before agreeing to anything.