DFCC Bank has forged an exclusive partnership with Lanka IOC (LIOC) to introduce Sri Lanka’s first-ever co-branded consumer fuel Mastercard credit card.

This unique collaboration brings you a new and exciting product, offering cardholders exceptional savings in cashbacks, easy payment plans and more with every spend.

Accordingly, cardholders are entitled to a 5 percent cashback on all fuel, lubricant and other purchases from any LIOC fuel station in Sri Lanka with a maximum of Rs.2,000 payout per statement cycle. This special, limited-time offer will be available until the September 30, 2024, after which cardholders will continue to enjoy a 3 percent cashback for the card’s lifetime with a maximum of Rs.1,500 payout per statement cycle. 

Meanwhile, a one percent cashback will also be offered on all other non-fuel transactions made with the card. The cashback amount could be credited to a DFCC Bank savings account, the cardholder’s current account or a nominated account with the bank. Moreover, interest on the cashback could be earned when credited to a DFCC savings account, which would be a double reward. In addition to the attractive cashbacks, cardholders are entitled to zero percent easy payment plans for up to six months on vehicle insurance premiums and other automobile-related transactions.

DFCC Bank Vice President/Head of Card Centre Denver Lewis said, “Fuel is one of the most essential commodities for everyday activities. To delight and reward our cardholders, we have designed the first-ever co-branded fuel card in partnership with LIOC. This allows cardholders to enjoy a higher percentage of cashbacks on fuel and related purchases. The offerings have been carefully positioned to be uniquely different to meet a wider population’s demands. All our credit cards offer some form of unique cashback, making it a spending and savings card. We are excited about this new product and believe it will impact cardholders’ lives with every transaction.”

LIOC Managing Director Deepak Das added, “It’s indeed an honour to partner with DFCC Bank, a respected powerhouse in banking and financial services and sustainable development. This partnership will allow us to add value to the lives of our customers, whilst also helping them enjoy meaningful savings on fuel, which is an essential daily expense, together with many other perks.”

Committed to innovation and finding unique ways of adding value to customers’ lives, this new product from DFCC Bank underscores its dedication to financial empowerment and providing an unparalleled customer experience. As one of the leading card issuers in Sri Lanka, DFCC Bank continues to partner with a wide array of large and small organisations to provide unique value propositions to diverse customers across the island.