Are you looking for a credit card with a very low interest rate that offers you benefits as well? If so, the Pan Asia Black MasterCard credit card is worth looking at. This card is a premium MasterCard in the Titanium range. 

Cardholders automatically benefit from the MasterCard special offers worldwide. You can use the card in Sri Lanka and abroad wherever the MasterCard logo is displayed. 

We had an online look at this black credit card’s benefits, fees, and way of applying. We found both pros and cons of the card and summarized the most important ones for you up next. 

Pan Asia Black MasterCard - Learn the Benefits and How to Apply
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Pan Asia Black MasterCard Credit Card: Features

The Pan Asia Black MasterCard credit card has no joining fee. The card offers the most competitive interest rate in the market. You also enjoy year-round discounts on selected merchant products and services. 

The card gives you the ability to convert any transaction above Rs.10,000 to a 0% interest installment payment plan. You form part of the free SMS alerts facility for all transactions and join in the free e-statement facility. 

All your other card balances can be transferred to your Pan Asia Black MasterCard credit card to be repaid on equal monthly installments of your choice for the lowest interest in the market. 

With your card, you qualify for special life insurance cover offered in partnership with the Sri Lanka Insurance Corporation (SLIC). 

Pros and Cons of the Pan Asia Black MasterCard Credit Card

The Pan Asia Black MasterCard credit card offers the convenience of free balance transfers from other local credit cards. It also enhances security features against fraudulent transactions with its EMV chip card. 

You can get ATM cash advances worldwide with the MasterCard ATM network. The card is accepted at all merchants worldwide where the MasterCard logo is displayed. Unfortunately, the card has an annual fee of Rs.3,000

Pan Asia Black MasterCard Credit Card: Fees and Rates

  • Joining fee: Rs.0
  • Annual fee: primary card: Rs.3,000
  • Annual fee: secondary card: Rs.1,500
  • Interest rate: 18% p.a.
  • Late payment fee: Rs.900
  • Cheque returned fee: Rs.500
  • Cash advance fee: Rs.200 or 3.5% whichever is the higher
  • Interest: cash advance: 18%
  • Over limit fee: Rs.900

Pan Asia Black MasterCard Credit Card: Eligibility

The bank has two basic requirements. You must have a permanent monthly income of Rs.60,000 or more, and be between 20 and 60 years of age. 

When you apply for the Pan Asia Black MasterCard credit card your financial position will be reviewed and the bank will decide whether you qualify or not.

How to Apply 

You have to get your credit card application form from a Pan Asia Bank branch near you. 

You can also contact the bank by phone at +94 11 4 667 222 or +94 11 2 565 565, or send an email to to request the application form. 

Alternatively, you can complete the short form at the website and request the application form. 

Documents Required

Then go to the branch with the completed application form and a copy of NIC or a valid passport or driver’s license.  

You’ll also have to submit your most recent salary slip authenticated by your employer, and a letter from your employer confirming your salary, with a breakdown of all deductions. 

The bank will also need a recent utility bill as proof of your residential address. If you are self-employed, you’ll also have to submit a certificate of your business registration, and a letter from the auditor confirming your annual income. 

Bank statements for the last three months and tax returns for the last two years will also be required. 

Contact Information 

Pan Asia Bank’s head office is located at 450 Galle Road Colombo 03.  You can phone the bank at 0114667777.

Pan Asia Black MasterCard - Learn the Benefits and How to Apply
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If you qualify to apply for this Pan Asia credit card, the application process is pretty simple. Make sure to check out all your options before applying for any one card. 

Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult Pan Asia Black MasterCard credit card’s terms and conditions before agreeing on anything.