Emirates Money, a subsidiary of Emirates NBD, has teamed up with MasterCard to roll out a new credit card that meets the specific needs of SME and micro SME business owners in the UAE.
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The Emirates Money MasterCard Business Credit Card allows UAE entrepreneurs to streamline their finances and cash flows through a 75% cash withdrawal facility of the credit card limit.
The card offers business owners benefits such as 5% cash back on local and international purchases as well as cash back on all spends on government related fee payments, hotels, utility bills and international travel.
It will also provide business protector insurance coverage of up to AED250,000 ($68,063) for the primary card holder in case of death or permanent total disability. This feature also covers office utility bills, office rentals and staff salaries.
Additionally, the new card also offers lifestyle benefits such as complementary golf and airport lounge access as well as dining discounts of up to 30% at restaurants and up to 50% discount at over 500 fitness and wellness centres across the UAE.
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By GlobalDataThe card has a large network of partner tie-ups that provide attractive discounts on PRO services, rent -a- car services, office furniture, professional services, among others.
Emirates Money CEO Vikas Thapar said: "With a high cash withdrawal limit as well as attractive discounts and offers, the Emirates Money MasterCard Business Credit Card not only enables cardholders to manage their businesses efficiently, but also rewards them for simply using their card for business and personal expenses."
MasterCard country manager UAE Eyad Al Kourdi said: "The Emirates Money MasterCard Business Credit Card will enable small and medium-size businesses to avoid the pitfalls of cash and enjoy the increased speed, convenience, security and transparency of electronic payments."
