ComBank launches ‘Call & Convert’ instalment plans for select Credit Card purchases

Payments for education, Insurance, health and online purchases can be converted to Easy Payment Plans

The Commercial Bank of Ceylon has announced a new ‘Call and Convert’ facility that enables its Credit Card holders paying for education, health or insurance-related products and services and for online purchases to convert transactions of Rs 10,000 and above into Easy Payment Plans.

The ‘Call and Convert’ facility only requires customers to call the Bank’s Contact Centre on 011 2 353 353 within seven days of a qualifying purchase and request a conversion. All Commercial Bank Credit Card holders are eligible to enjoy this facility until the end of the year, the Bank said.

While Credit Card purchases above Rs 25,000 for Health, above Rs 20,000 for Educational and above Rs 10,000 for selected online payments can be converted to a – six months Easy Payment Plan at no extra charge, Insurance premium payments above Rs 20,000 can be converted to an equated six-month instalment plan at a nominal fee. Updated details of the Call and Convert options and terms and conditions can be viewed on the Bank’s website www.combank.lk.

Commercial Bank Credit and Debit Cards offer year-round promotions covering a wide variety of services such as Travel, Healthcare, Supermarkets, Leisure, Lifestyle, Insurance, Automobile, Dining and Online Purchases. Commercial Bank was the first bank to offer loyalty rewards for both Credit and Debit Card holders under its Max Loyalty Rewards Points scheme. The Bank was also a pioneer in extending promotional discount offers which were traditionally only offered for Credit Cards to its Debit Cards.

Commercial Bank cards are the fastest growing cards in Sri Lanka and enjoy market leadership in Credit and Debit Card cumulative point-of-sale usage. The Bank offers a variety of Credit Cards in the Silver, Gold and Platinum tiers of Visa, Mastercard and UnionPay Cards, as well as Visa Signature, World Mastercard, Visa Infinite, UnionPay Asia Prestige Platinum and UnionPay Asia Prestige Diamond Cards in the premium segment. The cards are equipped with ‘Tap ’n Go’ NFC technology and are backed by a strong NFC Point-of-Sale (POS) network.

Sri Lanka’s first fully carbon neutral bank, the first Sri Lankan bank to be listed among the Top 1000 Banks of the World and the only Sri Lankan bank to be so listed for 11 years consecutively, Commercial Bank operates a network of 268 branches and 931 automated machines in Sri Lanka. The Bank’s overseas operations encompass Bangladesh, where the Bank operates 19 outlets; Myanmar, where it has a Microfinance company in Nay Pyi Taw; and the Maldives, where the Bank has a fully-fledged Tier I Bank with a majority stake.