NBAD: VISA Business Credit Card
The National Bank of Abu Dhabi (NBAD), has launched NBAD Visa Business Credit Cards, its first credit card exclusively for small- and medium-sized enterprises (SME).
The new credit card has been tailored specifically with a host of outstanding and unique benefits to meet the business needs of SMEs, according to the official news agency WAM.
Small and medium size enterprises are a critical component of the nation’s economy and its engine of growth.
The NBAD Visa Business Card has no annual fee and its other special features include up to 50 days interest-fee grace period, travel insurance up to US$150,000, pre-set limits on individual cards, access to cash, consolidated payments as well as special offers and discounts. The card can offer credit limit from AED20,000 to AED500,000.
In the last three months, NBAD’s Business Banking Group has initiated several programmes and services aimed for the SME sector. The Bank began its e-Business Banking Services and launched dedicated business banking centers in Abu Dhabi’s Industrial City (ICAD) and Al Ain, with plans to open more. It also became administrator of Khalifa Fund and signed a memorandum of understanding (MoU) with Mohammed Bin Rashid Establishment for SME Development (MBRE), which provides for the two organisations to collaborate and cooperate on extending services to SMEs.
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