The Commercial Bank of Ceylon has launched a co-branded Mastercard Credit Card for members of the Old Boys’ Association of St. Anthony’s College, Kandy, a 164-year-old seat of education in the hill country.

To be issued in the Mastercard Platinum and Gold tiers, the card will provide its users with many benefits. The Bank said it will waive the joining fee and provide free SMS alerts on transactions, free e statements and free use of the Bank’s mobile app.

The affinity cardholders will also enjoy six convenient settlement cycles, special offers and seasonal discounts, as well as the year-round discounts and 0% easy payment plans that all COMBANK card holders are entitled to. A percentage from every transaction done through this card will be credited to the Old Boys’ Association of the school.

Additionally, holders of the Commercial Bank – St. Anthony’s College Affinity Card would be eligible to benefits under the COMBANK Max Loyalty Rewards programme, the only loyalty scheme in Sri Lanka that offers loyalty rewards points on both Credit and Debit cards.

Commercial Bank cards are the fastest growing cards in Sri Lanka and enjoy market leadership in Credit and Debit Card cumulative point-of-sale usage. The Bank offers a variety of credit cards in the Silver, Gold and Platinum tiers of both Visa and Mastercard as well as Visa Signature, World Mastercard and Visa Infinite cards in the premium segment. The cards are equipped with ‘Tap & Go’ NFC technology and are backed by a strong NFC Point-of-Sale (POS) network.