Tuesday, 23 March 2004  
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Standard Chartered offers more convenience to credit card holders

Standard Chartered Bank recently signed up with Commercial Bank of Ceylon to accept credit card payments islandwide to provide even greater convenience to their credit card holders.

All Standard Chartered Credit Card Holders can now make payments in cash at any of the 117 Commercial Bank branches including their Minicom Centres at Cargills's Supermarkets and Arpico Malls.

In an era of rapidly changing lifestyles and time constraints this payment mode which allows for flexibility in time, is significant value added, a media release from the bank said.

Commercial Bank of Ceylon account holders who enjoy Standard Chartered Credit Cards can also use Commercial Bank's Internet Banking Service (Comserv) to settle their bills. A nominal fee of Rs. 10 or 0.75% will be charged to the customer when using Commercial Bank of Ceylon to make a payment.

This is in addition to the customers's ability to make payment at any of Standard Chartered's existing payment channels such as their network of nine branches, 10 cheque deposit machines or the 12ATMs. Standard Chartered account holders also enjoy additional payment channels of free phone banking or direct debits.

Sabry Ghouse, Head of Consumer Banking for Standard Chartered said, "This is just the start of our strategy to provide our customers with a value proposition and product that will far surpass customer expectations."

Ghouse said, "We believe in providing a lot more than just a credit card, we are firmly committed to providing significant value. For example our bonus points scheme rewards card members on usage.

Customers can redeem each point for one rupee, you do not need carry any other recognition or special promotion card for accumulation of points which are earned automatically each time you use the card and customers can see their accumulated points on their monthly statement.

I confirm that within the next few months our cardholders are in for a range of exclusive privileges and benefits - which have never been seen before in the market.

Another feature is that customers can obtain up to three supplementary cards. For example it can be given to your child - but a lower limit ensure spending is controlled and allowing financial planning, the release said.

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