SampathCards reaffirms status as ‘Responsible Choice’ | Daily News


 

SampathCards reaffirms status as ‘Responsible Choice’

In an effort to lessen the financial struggles that cardholders may face during this uncertain period, SampathCards has implemented a series of measures for all of its valued cardholders as the COVID-19 pandemic continues to bring fresh difficulties.

As settling dues on time will be a significant challenge for cardholders, the payment dates of all Credit Cards falling from March 24, 2020 have been extended until May 18, 2020 irrespective of the due dates reflected on the statements. Interest charge on the credit cards will be refunded, if the total statement outstanding of the previous statement is settled in full by May 18, 2020.

In addition, the minimum payment due has been reduced to 2.5% of the statement outstanding, effective from the April 5, 2020 statement cycle onwards and the bank will also adjust the minimum payment already billed to the statement cycles from March 24 to April 4. Also, late payment charges will be waived off on all credit cards until September 30, 2020. Furthermore, a reduced interest rate of 15% p.a. (1.25% p.m.) will be applicable for local transactions up to a cumulative value of Rs. 50,000 for the statement cycle commencing from March 24, 2020.

Considering that many cardholders use SampathCards to settle their utility bill payments, a 5% wipe out on utility bill payments made online via partner websites and mobile applications has also been implemented. The bank has extended this offer for online payments made for Water, Electricity, Telephone, Mobile, Broadband and Television, in a bid to assist in the payment of essential services.

As postal services may be delayed indefinitely, the free eStatement facilities available for all cardholders will allow them to check all transactions made in a month without physical copies. In addition, cardholders can instantly receive their credit card balance and last statement details via SMS. Sampath Bank continues to offer a 15% cash back on fuel, supermarket and utility bill payments monthly to all Sampath Bank American Express Everyday Credit Cardmembers, even in these challenging times.

SampathCards has long been recognized as the responsible choice for cards in the market. While other credit cards burden cardholders with as many as 28 charges, SampathCards levy only 4 charges, allowing for greater savings for the customers.

The absence of a fuel surcharge when pumping fuel with Sampath Bank credit cards means that cardholders pay the same amount as they would if they paid in cash, making emergency commutes that much more economical.

“All these real value deals, combined with the unmatched service that is synonymous with Sampath Bank, make SampathCards the most responsible choice,” an official from the bank said.

 


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