Hailed as Sri Lanka’s most cost-effective credit card with the lowest interest rate in the market, Pan Asia Black falls under the premium ‘Titanium’ range of MasterCard. Cardholders are automatically entitled to a host of premium benefits derived from MasterCard, and enjoy the crème de la crème of offers and convenience, both in Sri Lanka and across the world.
The ideal card for you and your lifestyle, Pan Asia Black also offers you the convenience of free balance transfers from other local credit cards and enhanced security features against fraudulent transactions thanks to its EMV chip card.
Pan Asia Black MasterCard Value Propositions
- No joining fee
- Enjoy one of the most competitive credit card interest rates in the market 18% p.a. (with effect from 01st September)
- Year-round discounts on selected merchant products/services
- Ability to convert any transaction above Rs.10,000/-? to an 0% interest Installment Payment Plan
- EMV Chip card for added security
- ATM cash advances through worldwide MasterCard ATM network
- Free SMS alerts facility for all customers transactions
- Free e-statement facility to the customer
- Transfer your credit card balance to a Pan Asia Bank Credit Card?on equal monthly installments of your choice for the lowest interest in the market
Life Insurance Cover
- Special life insurance cover for Pan Asia Bank Credit Cardholders in partnership with Sri Lanka Insurance Corporation (SLIC). Terms and Conditions of the life insurance cover are as follows,
| Option | Insured Value | Annual Premium |
|---|---|---|
| 1 | Rs. 100,000/- | Rs.120/- |
| 2 | Rs. 250,000/- | Rs.242/- |
| 3 | Rs.500,000/- | Rs. 633/- |
| 4 | Rs.1,500,000/- | Rs. 1,848/- |
- Life Insurance Application Form and Health Declaration Form
- Eligible Age 18-69 (If the cardholder is more than 60 years of age, a Heath Declaration should be submitted)
- Suicide exclusion will apply during the first year of cover from the date of enrolment.
- If cardholder is having following pre-existing ailments, the coverage will commence only after first 12 months from enrollment. (Cancer, Myocardial Infarction, Stroke, Coronary Artery Surgery, Renal Failure, Major Organ Transplant, Paralysis, Chronic Liver Disease, Chronic Lung Disease, Benign Brain Tumor)
Pan Asia BlackMasterCard is designed for:
- A permanent monthly income of Rs.60,000 or more
Documents required to open a Pan Asia Black MasterCard
Salaried?
- A completed credit card application form
- Copy of NIC or valid Passport / Driving license
- Most recent salary slip authenticated by your employer
- Letter from employer confirming salary (Including a breakdown of all deductions)
- Credit Card statements for last three months (optional)
- Copy of a recent utility bill?(not older than 3 months)?as proof of residential address
Self Employed
- Completed credit card application form
- Copy of NIC or valid Passport / Driving license
- Certificate of Business Registration
- Form 18 & 20, in case the company is a limited liability
- Letter from the auditor confirming annual income for the last two years
- Bank statements for the last three months (both company and personal)
- Tax returns in the last two years
- Copy of a recent utility bill?(not older than 3 months)?as proof of residential address
Other?Charges and Fees
| Description | Black |
|---|---|
| Late payment | Rs. 900 |
| Card replacement fee | Rs. 500 |
| Cheque return fee | Rs. 500 |
| Permanent limit enhancements | Rs. 1,000 |
| Temporary limit enhancements | Rs. 500 |
| Certified copies of card statement | Rs.?200 |
| Cash advance fee | Rs. 200 or 3.50% whichever is higher |
| Interest on cash advances (Charged from the date advance obtained) | 18% p.a |
| Copy of transaction slip – Local (Trnx within last 3 months | Rs.?350 |
| Copy of transaction slip – Overseas (Trxn within last 3 months) | USD 10 |
| Over limit Fee | Rs. 900 |
| Credit Card balance confirmation / visa letters | Rs.?600 |
* Government Charges (ex: Stamp duty etc.) and taxes will continue to apply.
Tariff
| Item | Tariff (Rs.) | |
|---|---|---|
| Joining Fee | Primary card | Free |
| Supplementary card | Free | |
| Annual Fee | Primary card | 3,000/- |
| Supplementary card | 1,500/- | |
| Interest | 18% p.a? 1.5% p.m (with effect from 01st September) |
