An SME card is a credit card designed specifically for small and medium enterprises (SMEs). It offers business owners financial flexibility and convenience for various business expenses.
Key Features of SME Cards:
- Higher Credit Limits: Compared to personal credit cards, SME cards offer higher credit limits to accommodate business expenses.
- Business-Focused Rewards: Reward points can be redeemed for business-related expenses such as travel, office supplies or technology.
- Supplementary Cards: Many SME cards allow business owners to issue supplemental cards to employees for business-related expenses.
- Purchase Protection: Some cards offer purchase protection for items purchased using the card.
- Travel Benefits: Special travel benefits and insurance coverage for business trips.
Benefits of Using an SME Card:
- Efficient Expense Management: Centralized tracking of business expenses.
- Improved Cash Flow: Access to credit to manage business operations.
- Enhanced Business Reputation: Using a corporate card can increase business credibility.
