DFCC Bank Launches 1st Ever Co-Branded Fuel Mastercard Credit Card with Savings Galore!

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% Cashback on all fuel, lubricant and other purchases from any LIOC fuel station in Sri Lanka with a maximum of Rs2,000/- payout per statement cycle. This special, limited-time offer will be available until the 30th of September 2024, after which cardholders will continue to enjoy a 3% Cashback for the card's lifetime with a maximum of Rs1,500/- payout per statement cycle. Meanwhile, a 1% 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 0% Easy Payment Plans for up to 6 months on vehicle insurance premiums and other automobile-related transactions.

Commenting on launching this first-of-its-kind card in Sri Lanka, Denver Lewis, Vice President/ Head of Card Centre at DFCC Bank, said, "Fuel is one of the most essential commodities for everyday activities. To delight and reward our cardholders, we have designed the 1st 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."

Deepak Das – Managing Director of LIOC added, “It’s indeed an honor to partner 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 to 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 organizations to provide unique value propositions to diverse customers across the Island.

Ready to start saving with your own DFCC LIOC Co-Branded Fuel Credit Card? Applying is easy – just call 011 2350000 or visit any DFCC Bank branch today!

About DFCC Bank

DFCC Bank is a full-service commercial bank with a rich history of 68 years and offers a diverse range of commercial and development banking services. As part of its Sustainability Strategy 2020-2030, the Bank aims to become a leading institution contributing to greater resilience by creating resilient businesses and supporting green financing and sustainable, socially responsible entrepreneurship. The Bank has received numerous accolades, including being named the 'Most Trusted Retail Banking Brand' and the 'Best Customer Service Banking Brand' in Sri Lanka in 2021 by Global Brands Magazine UK and 'Market Leader and Best in Service in Cash Management 2022' by Euromoney. Additionally, DFCC Bank is ranked among Business Today's Top 40 Corporates in Sri Lanka, is rated A- (lka) by Fitch Ratings Lanka Limited and is regulated by the Central Bank of Sri Lanka. Attesting to its commitment to sustainability, DFCC Bank is also the first, and presently only, entity in Sri Lanka to have received accreditation from the Green Climate Fund (GCF), granting it access to concessionary funding worth USD 250 million to support climate mitigation and adaptation projects across the Island.

About Lanka IOC

Lanka IOC (LIOC), Indian Oil’s subsidiary in Sri Lanka, is the only private oil company that operates retail petrol/diesel stations in Sri Lanka. Lanka IOC was incorporated in 2003 to carry out retail marketing of petroleum products and bulk supply to industrial consumers with 100 CPC-owned petrol/diesel stations. The company commenced operations from small beginnings and now become the largest listed energy company in Sri Lanka.

In their continuous pursuit to fulfill commitment to serve the nation, irrespective of umpteen challenges, LIOC left no stone unturned to deliver energy needs at the time when the entire country’s fuel supply nearly became completely dependent on them. Yet with courage, conviction and humility, relentless efforts were made to seamlessly cater to the requirements of everyone. By doing so, LIOC earned significant appreciation and trust from all corners of Sri Lanka and become popular in every household who proudly call Lanka IOC as their country’s most reliable fuel partner and a true savior, as it is the most difficult of the situations that bring out true mettle and real character of a person or group.

At present, Lanka IOC operates over 250 petrol & diesel stations in Sri Lanka and has a very efficient lube marketing network with 303 SERVO shops and 32 lubricant distributors. Major facilities include an oil terminal at Trincomalee - Sri Lanka's largest natural harbor, a lubricant blending plant of 18,000 tonnes per annum capacity, Grease Plant of 3000 tonnes, a state-of-the-art fuels & lubricants testing laboratory at Trincomalee. Lanka IOC also owns one-third share in Ceylon Petroleum Storage Terminals Limited (CPSTL) - a joint venture of Lanka IOC and Ceylon Petroleum Corporation (CPC) - which operates 13 oil terminals across the Island. Lanka IOC’s activities not only provide the island nation energy security and supply stability but also help upgrade the overall standards of service, particularly in the retail sector. It is listed on the Colombo Stock Exchange.