UAE-based National Bank of Ras Al-Khaimah (Rakbank) has launched its Titanium Business credit card as part of its efforts to deliver competitive financial solutions to small-to-medium enterprises (SMEs).
 
Just like the Titanium for individuals, the free-for-life credit card for SMEs combines convenience and savingsto facilitate payments and extend exclusive benefits, said a statement from Rakbank.

“The Titanium card is ideal for tracking business expenses andmaking online payments to the government, utility companies, and many others,” explained Pritam Mirchandani, the head of Business Finance.

"With the new credit card, business customers gain the flexibility of paying the minimum amount due on their card within 25 days from the statement date, and the balance at their convenience," he stated.
 
They can also use up to 90 per cent of the credit card limit for cash advances at low interest rates through various channels such as ATMs, Rakbank branches, and exchange houses, said Mirchandani.

“Titanium Business cardholders can even take advantage of the cash advance facility to meet unexpected business requirements,” he noted.

In addition to the convenience it provides, the Titanium card makes it easy to save through the bank's flagship Cashback feature.

"In fact, business card holders are eligible for up to 2 per cent cashback on all international retail, cash and internet spends made via thecard,as well as 1 per cent cashback on all domestic retail purchases," said Mirchandani.

Furthermore, the card gives customers the chance to win Dh1 million every six months whenever the card is used to purchase Dh500 or above, he added.-TradeArabia News Service