Qatar-based Commercial Bank has introduced a new Visa-branded credit card, designed specifically for small and medium sized enterprises (SMEs).
The offering, known as Visa Signature credit card, will address the requirements of Qatar’s growing SMEs, according to the bank.
The new credit card helps enterprise banking customers to distinguish between business and personal expenses, which has been recognised as one of the main challenges that business owners face when using a card for payment.
Key features of the new credit card include cash back up to 2% on purchase transactions, complementary unlimited access to over 650 airport lounges across the globe, free corporate liability waiver insurance, free multi-trip travel insurance and purchase protection.
Commercial Bank CEO Joseph Abraham said: “The Qatar National Vision 2030 identifies SMEs as key constituents for sustainable economic development and Commercial Bank supports economic diversity and sustainability in Qatar by providing dedicated services to SMEs.
“As the Qatari bank of choice for SMEs, we recognised a need from our Enterprise Banking customers to provide the Commercial Bank Visa Signature Credit Card, which is tailored specifically for this growing and vital segment of the economy.”