KUALA LUMPUR: CIMB Bank Bhd has launched its CIMB SME BusinessCard, with unlimited cash rebates of up to 1.25% for both local and overseas spending.
In a statement, the bank said the card, tailored exclusively for small and medium enterprises (SMEs) aimed to simplify business expense management whilst elevating their prospective business travel experience.
CIMB said customers can enjoy unlimited cash rebates of up to 1.25% for all overseas retail transactions and up to 0.5% cash rebates for all local retail transactions.
In addition, there is no annual fee required for the card and SMEs will enjoy an interest-free period of 50 days, allowing them the flexibility to effectively manage and optimise their cash flow.
“As a financial intermediary, CIMB remains committed to playing a catalytic role in helping our economy grow by supporting businesses to strengthen their capabilities through innovative propositions aimed at enhancing their financial operations and sustainability,” CIMB Group commercial and transaction banking co-CEO Lawrence Loh said in a statement.
“As the global marketplace continues to expand, we understand that SMEs are navigating a rapidly changing landscape, filled with opportunities that extend beyond borders. Our focus is to simplify business expenses and empower the growth of SMEs with value-added solutions that streamline operations, enhance financial efficiency, and foster sustainable success.
“At the same time, this is an opportunity to encourage SMEs to digitalise their transactions and business purchases, enabling them to have better visibility on their expenses while making it rewarding,” he added.
As part of CIMB’s broader sustainability commitments, the CIMB SME BusinessCard is made from bio-sourced polylactic acid derived from non-edible corn, a sustainable alternative to plastic.
For more information, visit www.cimb.com.my/SMECC
