People’s Bank Classic Credit Card – Learn About How to Apply and Reap the Benefits

If you are looking for a credit card with low interest rates that is accepted worldwide, you have to consider Sri Lanka’s Peoples Bank’s credit cards. You need to earn just Rs.10,000 to be eligible. 

The Peoples Bank Classic credit card is, like the bank’s other credit cards, linked to either Visa or MasterCard. You are allowed to choose your preferred brand. Both a Visa and a MasterCard might even be issued on request.

For your convenience, we’ve had a look at the benefits offered by the Peoples Bank Classic credit card and how to apply, summarized what we’ve found, and gladly share it with you. 

People’s Bank Classic Credit Card - Learn About How to Apply and Reap the Benefits

Peoples Bank Classic Credit Card: Features

When applying for your Peoples Bank Classic credit card you are given the choice of whether you want a Visa credit card or a MasterCard. The card offers you low-interest rates and discounts and special offers at more than 22 million merchants worldwide. 

You get up to 51 days of interest-free credit, and large purchases can be settled in easy monthly payments of up to 36 months. ATMs worldwide give you instant access to cash advances. 

The Peoples Bank Classic credit card offers you installment-plans with selected reputed merchants. Credit card balance transfers are also possible. Travel insurance is automatically included. 

If you encounter any problem, you can contact the 24 hours customer service. You can also get supplementary cards for your family. However, there is a joining fee payable, as well as an annual fee.

Peoples Bank Classic Credit Card: Fees and Rates

  • Interest rate % p.a. (Retail): 18%
  • Interest rate % p.a. (Cash): 18%
  • Joining fee: Rs.400
  • Joining supplementary/ add on card fee: Rs.200
  • Annual fee – primary card: Rs.1,000
  • Annual fee – supplementary/ add-on card fee: Rs.400
  • Card replacement fee: Rs.500
  • Minimum payment due: 5% of the outstanding balance or Rs.200.00, whichever is higher
  • Late payment fee: 0.5% of the outstanding balance or Rs.500.00, whichever is higher
  • Cash advance limit: 50% on the credit limit
  • Cash advance fee/withdrawal fee: 3% of the withdrawal amount or Rs.300, whichever is higher
  • Over limit fee: Rs.500
  • Returned cheque: Rs.1,000
  • Fuel surcharge: 2%

Peoples Bank Classic Credit Card: Eligibility

You have to be a Sri Lankan citizen between the ages of 18 and 65. You should have a permanent job that pays you at least Rs.10,000 a month (net). 

If you are not a Sri Lankan citizen, cards might be issued against a foreign currency.

How to Get the Peoples Bank Classic Credit Card

You start the application process online by visiting Peoples Bank’s credit card website. Click on the “Apply now” button. Ensure that you have your information ready to complete the form. 

You’ll have to fill in your personal detail like your full name, residential address, email address, and contact telephone or mobile numbers. 

You’ll also have to provide details regarding your employer, your salary, and your National IC or passport number. Make sure that the information you fill in on the form corresponds with the original documents.

Documents to Submit

You’ll have to submit the documents to complete the application. You must provide documents either as attachments or as hard copies at a branch.

These documents include a copy of your National IC or passport, your newest salary slip, and a letter from your employer confirming your salary.

If you are self-employed, you will also have to submit copies of your business registration. You will also need a letter from your auditor confirming your annual income for the last two years.

In addition to that, you need your last three months’ bank statements and proof of possible other income.

Peoples Bank Classic Credit Card: Address and Contact 

Peoples Bank’s head office is located at 75 Sir Chittampalam A Gardiner Mawatha, Colombo 00200, Sri Lanka. The bank’s telephone number is +94 112 481 481.

People’s Bank Classic Credit Card - Learn About How to Apply and Reap the Benefits


The Peoples Bank Classic credit card does not offer rewards and cashback like many other cards. It does, however, have a low interest rate and a link with Visa and MasterCard which is a positive.  

If you are looking for more rewards and cashback perks then shop around and find the right card for you. There are a ton of choices, don’t limit yourself by clicking on the first ‘apply now’ link you see.

Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the Peoples Bank Classic credit card’s terms and conditions before agreeing on anything.