Credit cards in Sri Lanka are used by more than 50% of its citizens. Because they don’t like to carry cash with them. So when they are going out for shopping or dinning, they used to pay through their cards. Nearly all the banks are offering them to their customers with different amount of money capacity. During the Corona Virus infection people, more people went for the credit cards usage.
UPI – Unified Payment Interface in Sri Lanka.
Meanwhile India’s Unified Payment Interface (UPI) service is now available in Sri Lanka. The service inauguration ceremony was witnessed by both Indian PM and Narendra Modi and Sri Lanka President Ranil Wickremesinghe through video conferencing method.
Tourists specially Indian Tourists can pay their money online through UPI by scanning the QR code. this service is implemented by NPCI International Payments Limited and the Sri Lanka LankaPay Pvt Ltd too had joined hand with them.
Kinds of Cards in 2024.
During the Holidays credit card providers used to offer special discounts for purchasing in supermarkets and other popular stores. Want to buy an LED TV from a store that is accredited to your credit card company? They can offer you 20% discount on the TV and you can pay the amount through your credit card. It can be paid on monthly basis for 20 – 50 months in installment. There will be no interest for you to pay. Also there is web-card that acts as credit card for online usage. Every time use this card the owner must keep it refilled with enough money. Also all these cards require to be renewed every 2 – 3 years.
During the Sinhalese and Tamil New Year all the credit card holders used to get offers in Malls, Clothe Shops Departmental Stores, and Super Markets.
You can buy things from supermarkets. Then pay for it with your credit card and for the total amount you will get some points. Purchasing will be allowed with that points, when have collected a lot through each purchase.
Credit Card Balance Payment.
The credit card companies allow you to pay the remaining balance after 45 days and you can pay a minimum amount on it. If you don’t have the cash to settle it. Beware an interest will be added to your remaining payment amount. You will get monthly bill for the card usage while if you had registered for their SMS service you will get notification each time you use the card. The best way to settle your Credit Card balance is to visit your bank where you got the card. There you settle the balance for easy payment. Also you can pay from a bank account and you will have to pay a service fee for it. Likewise you can pay through Service Apps and through mobile payment systems. These too will request for service charge.
Most of the newly married couples and young people used to buy TV, washing machines, Smartphones and many other gadgets through this credit card payment method to settle the amount slowly on installment plans without paying any interest.
Information.
In Conclusion, card balance should be paid by cash or through online banking facility. In addition, if the card is lost or want to know about the remaining balance or other quarries you can contact the 24 hours help center being run by the credit card company. Further more, you will have to provide National Identity Card (NIC) number and some other information as a security measure to get credit card information.
Best Cards: https://money.usnews.com/credit-cards/travel