ComBank launches a credit card exclusively for SMEs

Business

The Commercial Bank of Ceylon has launched an exclusive credit card for small and medium-scare enterprises (SMEs).

One of the largest lenders to SMEs in Sri Lanka, the bank will issue the Mastercard-branded Credit Card to entrepreneurs that fall into the SME category as defined by the Central Bank (CB), and meet the standard credit evaluation criteria. For members of the bank’s Biz Club, the card has been named ‘ComBank Biz Club SME Credit Card’ while for other SMEs of the card bears the name ‘ComBank Business SME Credit Card,’ the bank said in a media release.

The card will confer several additional benefits to cardholders, such as a waiver of the joining fee and annual fee for the first year, free access to Commercial Bank’s Mobile Banking (USSD and SMS) services, free registration for the bank’s Online Banking platform combined with a waiver of the annual fee for the first year of use, and free registration for Paymaster – the bank’s bulk payments platform – and a waiver of the fee for the first month of use and a travel insurance for overseas travels.

Commercial Bank’s SME Credit Cards will also be eligible to Mastercard sponsored international and domestic offers exclusive to that category of cards and will be eligible to earn higher ComBank Max Loyalty points at the rate of one point for every Rs 400 spent via the card, the bank said.

Comments

Still No Comments Posted.

Leave Comments

Most Reviews

May 31, 2025

- 506 - 0

Flt Lt Kasun Cumaratunga , more than a pilot, a guardian remembered on his 37th death anniversary

Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred

June 2, 2025

- 473 - 0

National Tax week launched

The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.

June 2, 2025

- 373 - 0

SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.

June 3, 2025

- 218 - 0

Krishanthi Kumaraswami convicts FR dismissed by SC

The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.

June 6, 2025

- 216 - 0

SriLankan flight grounded in Indonesia

A SriLankan airlines flight has been grounded in an airport in Indonesia due to a technical defect leaving 93 passengers stranded, an official said.

June 5, 2025

- 176 - 0

Alert Moratuwa resident averts railway derailment

The actions of a resident in Egoda Uyana, Moratuwa helped to avoid a possible railway accident involving an office train on the southern coastal line today, the Railway Department said.