DFCC Bank provides financial relief for Credit Cardholders | Daily News


 

DFCC Bank provides financial relief for Credit Cardholders

DFCC Bank has understood the financial difficulties its valued customers may experience and stepped forward to offer their fullest support to rise above this challenge. DFCC Bank is committed to keeping abreast with the local situation with regard to the COVID-19 global pandemic and meeting the ever-evolving needs of its customers.

The Bank has implemented relief measures based on Central Bank requirements such as extending the payment due date for 20 March statement until 11 May 2020, waiver of late payment fees for statements issued from 25 March to 30 September, minimum payment of 5% has been reduced to 2.5% from 4 April to 30 September. Additionally, all local transactions up to a maximum of Rs. 50,000/- made during 25 March to 30 June will be subject to a reduced interest rate of 15% p.a.

DFCC Credit Cards also offer loans on cards that enable cardholders to obtain a quick cash advance of up to 75% of the stipulated credit limit and convert it into installments up to 24 months at the lowest processing fees in the market. Other benefits include balance transfers from other credit cards to the DFCC Credit Card with a low handling fee, conversion of any purchase in excess of Rs. 10,000/- into a 24month installment plan. “This is not all, cardholders are also rewarded with a 1% CashBack on every swipe which is credited to their own DFCC Bank savings account or child’s DFCC Junior savings account,” an official from the bank said.

Even as life in Sri Lanka normalises, DFCC Bank promotes social distancing as mandated by the Government by encouraging customers to go cashless and contactless with DFCC Credit and Debit Cards by using Visa Tap to Pay for purchases below Rs. 5,000/- at over 25,000 merchants locally.

Adding to customer convenience, DFCC Bank encourages credit cardholders to register for its uniqueInteractive e-Statement in order to view their CashBack rewards summary, spend trends, spending category and credit card usage.

Besides, DFCC Credit Cardholders can now settle their outstanding conveniently and securely without visiting a DFCC Bank branch through DFCC Virtual Wallet, DFCC Online Banking, via CEFTS transfers from other bank accounts and account standing instructions.

Cardholders can view credit card account details instantly whilst on the move by downloading the DFCC Pay App from the Apple App Store or Google Play Store to experience true digital banking. DFCC Credit Cardholders can also make cashless purchases at merchants displaying the Lanka QR or Visa QR logos both locally and globally.

Whilst using the DFCC Pay App to conveniently manage DFCC Credit Cards, users can also transfer up to Rs. 500,000/- between DFCC Bank accounts and Rs. 25,000/- per transaction to/from DFCC bank accounts and participating bank accounts on the JustPay network.

DFCC Bank launched the DFCC Pay App early this year in line with the country’s digital road map being implemented by the Central Bank of Sri Lanka for 2020.


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