If you have found yourself in a sticky situation because you need to purchase something you just don’t have the funds for, the People’s Bank Classic Card might be able to help you out. Yes, you can put purchases on a credit card but you must pay interest if you can’t pay the amount back right away. The People’s Bank Classic Card has an option that allows you to put big purchases on an installment basis so you don’t have to pay the interest.

Now, big purchases are not the only reason people find themselves wanting to get a new card. You might just want a credit card for the convenience of use. You might want a card that you can use to travel abroad more easily. Or maybe you spend a lot on credit cards and want points on the dollars you spend. Whatever your reason, you need to do your research before applying for a new card.

We think it is a great idea, to write out your financial goals before searching for a card. Then you will more easily be able to pair up your goals with what all those credit cards on the market have to offer. For this post, our editors have done some research on the People’s Bank Classic Card for you. Just below, you’re going to be able to find out all the stuff you need to know to help you decide if this credit card is right for you.

Looking for a credit card with a myriad of perks and rewards? People’s Bank Classic Card is for you. Here's how to apply:

What are the Benefits of the People’s Bank Classic Card?

To start with, the People’s Bank Visa Classic Card offers competitive rates, with a low 25% interest rate per annum. More than this, you can also take advantage of the extended interest-free period.

If your fridge breaks down or you’re in need of a new phone, you can rest knowing that this credit card will help you out. Appliances, mobile devices, furniture, accommodation and more – the People’s Bank Visa Classic Card allows you to easily pay for these expenses on an installment basis of up to 36 months.

In addition to installment payments, you can also enjoy other perks brought by Visa. You can get massive discounts on tours abroad, car rental and even plane tickets. Merchant services and products are also discounted for a significant amount. Discounts range from 10% up to 15% or more.

Security is another reason to get the People’s Bank Classic Visa Card. With their intelligent technology, the bank can easily detect fraud and with their Zero Liability Policy, you can rest knowing that you are free from unauthorized charges.

People's Credit Card

What are the Fees for the People’s Bank Classic Card?

Fees are all a part of using credit cards so you should be aware of the fees associated with using any card before you apply. 

  • Annual fee – Rs 4,000 for the primary cardholder and Rs 2,000 for a supplementary card
  • Interest rate – 25% flat
  • Late payment fee – Rs 500
  • Cash advance fee – minimum of LKR 300 per transaction

Overall, the People’s Bank Classic credit card is suitable for you if you’re looking for a classic every day card that comes with a range of extra perks. Visit the People’s Bank website and apply online to begin enjoying countless discounts and promos.

How to Apply for the People’s Bank Classic Card

To get this credit card, you can either apply online via the People’s Bank website or visit a branch.

Basic requirements include:

  • Being in the age bracket of 18 to 65 years old
  • A copy of your National ID, such as a passport
  • Latest pay slips certified by your employer
  • Proof of billing

If your application is successful, the bank will determine your credit limit based on your credit history, income and other relevant factors.

How to Contact 

Head office

No.75, Sir Chittampalam A. Gardiner Mawatha,

Colombo 2, Sri Lanka

Telephone: +94 11 2481481

Overseas Hotline: +94 112 031 001

Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.