FirstBank has targeted the small and medium-sized businesses with the launch of a new card, known as Beyond Business MasterCard.

Beyond Business MasterCard joins the range of Beyond credit cards the bank launched last year that, until now, were only intended for individuals, reports Saint Croix Source.

The new card has been designed to improve the client’s control of business’ expenses. It also provides an exclusive rewards program free of charge.

Through this program, customers can benefit from: 1.25 points for every dollar in purchases, which could add up to 5,000 bonus points within the first three months after opening the account, accrued as follows: 3,000 points when making a balance transfer; 1,500 points per $1,000 in purchases and 500 points upon registering the account online.

The points generated in this account can be combined with points earned in other Beyond cards owned by the client.

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The new card offers benefits such as: zero annual fee the first year, then $50 on the primary card. Additional cards are free of charge.

Patrick Fox, director of FirstBank’s card services, said: "FirstBank has maintained a solid product and service development structure aimed at small and medium sized businesses.

"Our goal is to encourage these clients to benefit from the excellent rewards program of this new product and guaranteed superior service."