Seylan Visa Platinum
- APR
- 22% – 22%
- Annual Fee
- $2.5k
The Seylan Visa Platinum is a premium credit card offering 51 days of interest-free credit, travel insurance, and contactless payments.
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Our Verdict
This card excels with its 51-day interest-free period, can pay off their balance quickly. However, the 22% APR can be steep for those who carry a balance.
Pros
- 51 days interest-free credit
- Travel insurance included
- Balance transfer facility available
- 0% interest on selected installment plans
- Contactless Paywave payments
Cons
- Annual fee of LKR 2,500 after the first year
- 22% APR can be high for long-term balance holders
- Limited rewards program
With an annual fee of LKR 2,500 after the first year, the Seylan Visa Platinum card provides substantial benefits for those who manage their credit wisely. The 51-day interest-free period is a allowing cardholders to pay off purchases without incurring interest, provided they pay their balance on time.
The card also offers travel insurance, which can be for frequent travelers. the 0% interest on selected installment plans makes it easier to manage larger purchases. However, the absence of a rewards program may disappoint those seeking to earn points on their spending.
Customer service reputation varies, so users should be prepared for potential challenges in this area. Approval might be but the 22% APR is a critical consideration for anyone who might carry a balance. If you often find yourself in that situation, this card could become costly over time.
For more details, refer to Seylan Bank's official site at Seylan Visa Platinum.
Who It's For
This card is ideal for individuals who travel frequently and can pay off their balance to avoid high-interest costs.
Watch Out
Be cautious of the high APR if you tend to carry a balance over time.
Summary
The Seylan Visa Platinum credit card is a premium option that offers valuable features for travelers but may not be the best fit for those who carry a balance.
Best For
Best for individuals who can pay off their balance each month and value travel insurance.
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What Customers Say
Cardholders appreciate the interest-free period and travel insurance but express concerns about the high APR and limited rewards.
