Visa has unveiled its new range of business cards targeting small and midsize businesses (SMBs) in the US. The new product suite complements Visa Signature Business and Business cards.
Visa Infinite Business cards are said to feature high credit lines, extended warranty, integration of accounting software and travel protection.
The cards come with a variety of rewards for merchants, including travel, business-centric, lifestyle and protection benefits.
Visa noted that the Infinite Business cards have been developed with input and research from high-spending SMBs.
Visa global head of small business and medium enterprises David Simon said: “With Visa Infinite Business, we have developed an all-encompassing offering that empowers and rewards small business owners for pursuing their passion.
“We aim to provide small business owners with peace of mind and value to help keep their businesses secure, competitive—and ultimately, drive growth.”
According to statistics, 52% of SMBs in the US often use credit cards for their businesses. Also, the majority of high spend SMBs are willing to get a new card that offers their required benefits.
In addition to cards, Visa offers business reporting, payment controls and Visa SavingsEdge services for SMBs. The company also focuses on various alliances to develop new solutions for this merchant category.
Last year, Visa collaborated with Kabbage, which developed a fully-automated lending platform for small businesses, and business directory service Yelp, which links people with local businesses.