Credit Card
Description:
The credit card product is targeting Micro, Small, and medium enterprises [whose annual revenues do not exceed SAR 200 Million and the number of employees not exceeding 250].
Purpose: to fulfilling the short-term financing needs & to cover business expenses of MSMEs, such as:
1. Petty Cash: usual business payments such as office supplies, transportation supplies, and marketing expenses.
2. General Purposes: travel expenses for employees including flight tickets, hotel bookings, dining expenses, and car rentals.
Main Features
• All sectors inclusive
• Grace period up to 55 days
• minimum of 1 year for Active CR
• Financing up to 250 thousand SAR
* Terms and conditions apply
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