If you need some cash and want respite from the interest, the Seylan Bank Freedom Bank Credit Card might be an option for you. The card provides zero interest for 12 months and some pretty interesting discounts.
Whatever you want in a credit card is available out there in the market. Finding the perfect card doesn’t have to be difficult, you just need to align your lifestyle with what a credit has to offer. It is a great idea to write down what you want to get out of your card. Once you’ve got it written down you can better evaluate which card is going to better for you.
Our editors have looked into the Seylan Bank Freedom Credit Card for evaluation. They have compiled important information that you need to know. Once you go through the information, you can make a more knowledgeable decision about whether or not this card is for you.
What are the Benefits of the Seylan Bank Freedom Credit Card
Powered by Mastercard, Seylan Bank takes pride in Freedom’s various perks.
If you are approved for the Freedom card, you can enjoy a 12-month interest-free period as a welcome gift. Within your first year as a cardholder, you can cover those larger purchases you’ve been putting off without getting caught up in a spiral of towering interest.
As a Seylan Bank Freedom credit card holder, you are also entitled to various discounts such as a 20% discount when you buy groceries at Arpico Supercentre, and a 2% price reduction when you gas up using your card. You can also get price reductions at eligible restaurants, resorts and spas both locally and internationally.
This card is equipped with advanced safety features such as EMV chip and PIN encryption technology to protect against credit card fraud.
The bank will also send a free SMS alert of charge for every transaction you make. This ensures that your purchase is validated for security and peace of mind.
Interested in applying for the Seylan Bank Freedom credit card? Let’s take a look at the requirements and application procedure…
What are the Fees of a Freedom Credit Card
Each Seylan Bank credit card comes with a unique set of fees which you will need to familiarise yourself with upon applying for a credit card.
The good thing about being a Freedom cardholder is the bank does not charge a joining fee. In fact, there are no fees applicable except for the maintenance charge, which you can learn more about over the phone. Note that for late payments and over-limit transactions you may be charged a fee.
The interest rate for this credit card is 0% for the first 12 months and 28% per year thereafter if you do not settle your full balance each month.
Overall, becoming a Seylan Bank Freedom credit card holder will give you access to multiple discounts around the world, low fees and extra security. Visit the Seylan Bank website and apply today to begin enjoying the freedom this credit card offers.
How to Apply for a Seylan Bank Freedom Credit Card
To request a Seylan Bank Freedom credit card, you must visit a branch near you, contact the bank by phone or send a text saying ‘yes’ to 2008888. You can also visit the Seylan Bank website to find out more.
To be qualified for this particular card, you must be 25 to 60 years old and have a minimum monthly income of LKR 50,000 or more than LKR 60,000 worth of fixed deposit in the bank.
If your application is approved, Seylan Bank will determine your credit limit based on a variety of factors, including your credit rating, income and current expenses. The minimum credit limit offered is LKR 50,000, which may be increased if you prove that you are creditworthy.
How to Contact Freedom
Seylan Towers No 90
Galle Road, Colombo 03
Telephone: +94 11 200 88 88
Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.