Commercial Bank Visa Platinum
- APR
- 27% – 27%
- Annual Fee
- $0
- Rewards
- Up to 1.0%
This premium credit card offers perks like airport lounge access, travel insurance, and concierge services, all through Sri Lanka's largest private bank.
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Our Verdict
Ideal for frequent travelers, the Commercial Bank Visa Platinum provides valuable perks, but the APR could be a concern for balance carry.
Pros
- Airport lounge access
- Travel insurance on return tickets
- Concierge services
- Max Loyalty Rewards program
- No annual fee for some tiers
Cons
- High APR of 27%
- Annual fee varies by tier
- Limited rewards on non-travel purchases
- Not suitable for users with a low credit score
- Concierge services may not be as responsive
This card offers premium features like airport lounge access and travel insurance, ppealing for frequent travelers. The Max Loyalty Rewards program enhances value for those who spend on travel. However, the 27% APR is quite steep, making it less favorable for those who might carry a balance.
While the card has a no annual fee option for some tiers, the annual fee can range from LKR 3,000 to 5,000, depending on the tier selected, which might not be justified for infrequent users. Customer service reviews indicate mixed experiences, particularly with the concierge services, which may not always meet expectations.
Overall, if you're a frequent flyer who can pay off balances promptly, the Commercial Bank Visa Platinum can be a valuable addition. For those who tend to carry a balance, however, this card might lead to significant interest charges. According to the issuer's site, it's important to assess your spending habits before applying.
Watch Out
Those with balances may face high interest costs due to the 27% APR.
Best For
This card is best for those who travel frequently and can take advantage of travel-related benefits.
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