Best Business Credit Card in UAE

Remember that time when you came across that goodie, or a book, at the airport that you simply wanted to have? And did you want to gift it to your spouse, or keep it for use in the future but had to hold back simply because of insufficient flat money at the time? More than just being a financial instrument, your business credit card also facilitates your access to luxury and convenience. In that sense, choosing the correct credit card is crucial for you to enjoy financial ease later. 

A person holding a credit card usually enjoys better purchasing power, as they have access to a line of credit even without physically carrying cash. Understanding this phenomenon, Policybazaar has simplified that choice for you. Caring deeply for your financial optimisation at minimal hassle, we present before you a list of the various options that you have when applying for your business credit card.  

Top 5 Business Credit Cards in UAE for October 2024

Here is a list of the top five business credit cards in the UAE that you can apply for in just a few clicks.

1. RAKBANK Titanium Credit Card
2. Emirates NBD Business Credit Card
3. Mashreq Corporate Credit Card
4. ADIB Business Platinum Covered Card
5. Emirates NBD Business Reward Credit Card

RAKBANK Titanium Credit Card

RAKBANK Titanium Credit Card is among the free-for-life business credit cards available in the UAE. The credit card allows you to make all the local and international transactions in a hassle-free manner.

Features and Benefits

• Lower Interest Rates: RAKBANK Titanium Business Credit Card offers a lower interest rate on outstanding balances to be paid by the cardholders. With the credit card, you can easily carry forward the unpaid amount to the next billing cycle to make quick repayments with great ease.
• Monthly Cashback: RAKBANK Titanium Business Credit Card offers up to 1 per cent cashback on all the local or international transactions made by the cardholders. Simply make purchases using your RAKBANK credit card to avail of the benefits.
• Higher Credit Limit: RAKBANK Titanium Business Credit Card offers a higher credit limit compared to other business credit cards available in the UAE. However, you are required to have a good credit Score if you want a higher credit limit on your credit card.
• Interest-Free Credit: RAKBANK Titanium Business Credit Card offers up to 55 days of interest-free credit period for the card members. With this benefit, you get sufficient time to repay your unpaid outstanding amount and clear your debts on time without paying any interest amount.
• Cash In Advance: With RAKBANK Titanium Business Credit Card, you can withdraw cash in advance of up to 90 per cent of your total available credit limit. The best and the most convenient part here is that you can convert the borrowed amount into easy monthly EMIs and repay the same with great ease.
• Credit Card Cheque: RAKBANK Titanium Business Credit Card offers an easy credit card cheque facility for card members. 
• Global Acceptance: RAKBANK Titanium Business Credit Card is globally accepted, meaning that you can use it to make purchases at any location around the world.
• Online Banking: RAKBANK offers access to online and mobile banking portals to help its customers easily access their credit card details. For logging into the portal anytime you want, you need to register on the portals by providing your credit card number and other details like name, registered mobile number, etc., to generate a unique ID and Password. 
• Utility Bill Payments: With RAKBANK Business Credit Card, you can make quick and hassle-free utility bill payments by calling the helpline number 600 54 4049 or using RAKBANK’s ATM or online banking services.
• Travel Benefits: RAKBANK Titanium Business Credit Card offers travel benefits like free airport lounge access, discounted airport transfers, complimentary rides, and so on. You can simply avail yourself of the offers by booking your travel using your RAKBANK Business Credit Card.
• Lifestyle Benefits: RAKBANK Titanium Business Credit Card offers premium lifestyle privileges like discounted movie tickets, complimentary golf rounds, and many more for card members.
• Dine Discounts: RAKBANK Titanium Business Credit Card offers up to 30 per cent discount at more than 2,000 restaurants in the UAE. All you need to do is pay the restaurant bill using your RAKBANK credit card to avail of the offer.
• Insurance Benefits: RAKBANK Titanium Business Credit Card offers insurance benefits like complimentary travel insurance, purchase protection, credit shield insurance, etc. This allows the card members to pay for the covered losses and damages with ease.

Emirates NBD Business Credit Card

With a wide range of benefits offered across travel, lifestyle, and dining, Emirates NBD Business Credit Card is one of the most useful business credit card in UAE. The credit card offers various reward packages that allow you to even reduce your overall expenditures.

Features & Benefits

• High Credit Limit: Emirates NBD Business Credit Card offers a higher credit limit based on your credit report and monthly income. 
• Cash In Advance: Emirates NBD Business Credit Card allows you to withdraw up to 75 per cent of the available card limit. So if you want to manage other financial responsibilities more efficiently, you can always convert this amount into easy monthly instalments and repay the same.
• Easy Instalment Plans: Emirates NBD Business Credit Card offers easy monthly, quarterly, and yearly payment plans for card members. These benefits allow you to convert your high-value purchases into monthly EMIs, which can then be repaid with greater ease.
• SMS Facility: You can get a notification for every transaction, payment, or other activity made using your credit card with the SMS facility offered by the Emirates NBD Business Credit Card to its card members. 
• Minimum Bill Payment: Emirates NBD Business Credit Card allows you to carry forward up to 5 percent of your monthly outstanding amount. Instead of straining your finances at a time, you can easily repay the amount carried forward in the next month’s billing cycle.
• Plus Points: Up to 5 per cent Plus Points can be earned with the Emirates NBD Business Credit Card on different local and international transactions that include bill payments for hotel stays, utilities, groceries, fuel, etc. 
• MasterCard Benefits: If you want MasterCard benefits like corporate liability waiver, reduced rental rates, and discounted shipping costs, Emirates NBD Business Credit Card offers all these and many more benefits to its card members.
• Lifestyle Benefits: A vast range of lifestyle benefits like free access to airport lounges, auto top-ups, discounted rentals, and so on can be availed by the Emirates NBD Business Credit Card members.
• Dine Offers: Emirates NBD Business Credit Card offers up to 30 percent discount at more than 2,000 leading restaurants through Bon Appétit in the UAE.
• Live Well Program: If you want to pamper yourself in a cost-efficient manner, the Emirates NBD Business Credit Card offers Live Well Program with exclusive discounts of up to 50 percent at leading fitness centres, spas, salons, gyms, medical care centres, etc.
• Convenient Payment Methods: With the Emirates NBD Business Credit Card, members can make use of different types of mobile wallets like Samsung Pay, Google Pay, Fitbit Pay, Apple Pay, and others for quick and easy payments.
• Insurance Benefits: While you might think that insurance is separate from credit cards, the Emirates NBD Business Credit Card goes a step beyond to offer insurance benefits like complimentary travel insurance, purchase protection, credit shield insurance, etc., so that the card members can pay for the covered losses and damages with ease.
• Online Banking: Emirates NBD offers easy access to online and mobile banking portals to help its customers easily access their credit card details. Simply register on the portals by providing your details like the credit card number, name, registered mobile number, and so on for getting a unique ID and Password. Use them to log in to the portal whenever you want.
• Global Acceptance: The advantage of the global acceptance of the Emirates NBD Business Credit Card is that you can use it for making purchases at different locations around the world.

Mashreq Corporate Credit Card

Mashreq Corporate Credit Cards offer a broad range of deals and discounts to help businesses make hassle-free business transactions anywhere in the world. The bank offers both virtual and central payment corporate credit cards for business applicants.

Features and Benefits

• Attractive Cashback Offers: Mashreq Corporate Credit Card offers attractive cashback benefits to its card members. Its credit card allows you to earn up to 10 per cent on retail shopping at more than 50 brand outlets in addition to the cashback.
• Online Banking: Mashreq offers access to online and mobile banking portals to help its customers easily access their credit card details. You will need a unique ID and password to log in there anytime you want, which can be obtained by registering on the portals by giving your credit card number, registered mobile number, name, etc., .
• Accepted Worldwide: As Mashreq Corporate Credit Card is globally acceptable, you can use it to make purchases at any location throughout the world.
• Convenient Payment Methods: If you are a card member of Mashreq Corporate Credit Card, you will have the chance to use different types of mobile wallets like Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, etc. , for easy payments.
• Easy Instalment Plans: Mashreq Corporate Credit Card offers its card members easy monthly, quarterly, and yearly payment plans. This feature is beneficial for people wishing to convert their expensive purchases into monthly EMIs.
• SMS Facility: Mashreq Corporate Credit Card offers an SMS facility for the card members, which notifies you regarding every transaction, payment, or other any other service availed using your credit card.
• High Credit Limit: Mashreq Corporate Credit Card offers a higher credit limit as per your credit report and monthly income. 
• Interest-Free Credit: Up to 51 days of interest-free credit period is offered by Mashreq Corporate Credit Card to the card members. Consequently, you get sufficient time to repay your unpaid outstanding amount and clear your debts on time without paying any additional amount due to interest.
• Multiple Statement Dates: For better financial convenience, Mashreq Corporate Credit Card offers you the flexibility of choosing your preferred statement date.
• Auto Debit: Mashreq Corporate Credit Card offers an auto-debit facility for credit card bill payments. The benefit saves you from the hassle of remembering the due date every month, or, worse, paying late payment charges in case of delayed bill payments,
• Latest Authorisation Systems: Mashreq Corporate Credit Card offers the latest authorisation systems to ensure instant transaction clearance throughout the world.
• Insurance Benefits: A corporate liability waiver insurance of up to USD 25,000 per employee, and a maximum of USD 1,600,000 per organisation can be obtained from Mashreq Corporate Credit Card. Additionally, you can also get complimentary travel insurance with Mashreq Corporate Credit Card.
• Travel Benefits: Speaking of travel, Mashreq Corporate Credit Card offers various travel benefits such as complimentary travel insurance for card members. This is an excellent option for admirers of travelling, as you can easily pay for sudden expenses incurred due to loss, damage, or bodily injuries caused while travelling.

ADIB Business Platinum Covered Card

ADIB Business Platinum Covered Card is one of the outstanding Islamic visa business credit cards in the UAE. Its customers regularly get attractive deals and discounts on dining, travel, entertainment, lifestyle, and so on, as per their needs.

Features & Benefits

• Higher Credit Limit: If you are looking for a higher credit limit, ADIB Business Platinum Covered Card can be your go-to, with a credit limit of up to AED 250,000 available based on your credit report and repayment history.
• Cash in Advance: Abu Dhabi Islamic Bank Business Platinum Covered Card offers cash in advance facility of up to 60 per cent of your total available credit limit.
• Minimum Amount Due: With an ADIB Business Platinum Covered Card, you can pay the minimum bill payment of up to 10 per cent and carry forward the remaining amount to the next billing cycle. 
• Interest-Free Credit: ADIB Business Platinum Covered Card offers up to 55 days of interest-free credit period, giving you ample time to repay your unpaid credit card debts without any interest amount.
• SMS Facility: ADIB Business Platinum Covered Card offers an SMS facility that keeps you aware of every payment, transaction, payment, or other activities completed with your credit card.
• Easy Instalment Plans: If you don’t want to make expensive one-time payments, ADIB Business Platinum Covered Card offers accessible monthly, quarterly, and yearly payment plans to convert them into monthly EMIs.
• Global Acceptance: You can make transactions across the world with ADIB Business Platinum Covered Card due to its global acceptance.
• Online Banking: Abu Dhabi Islamic Bank offers the convenience of mobile and online banking portals. After registering on these portals with name, credit card number, and so on, you will get unique log in credentials. With them, you can log in to the portal anytime and easily access your credit card details.

Emirates NBD Business Reward Credit Card

Business Reward Credit Card is another business credit card offered by the Emirates National Bank of Dubai. The card offers several exciting deals and discounts on lifestyle, travel, entertainment, dining, and other services to help you get the best out of your business expenses.

Features and Benefits

• Reward Points: Emirates NBD Business Reward Credit Card enables card members to earn a good amount of reward points on local and international transactions. These earned reward points can be redeemed for different expenditures like booking for restaurants, flights, hotel stays, etc.
• Cash In Advance: With Emirates NBD Business Reward Credit Card, you can withdraw up to 75 per cent of the available card limit. The best part? Instead of paying the complete amount at once, you can convert it into monthly instalments, reducing your financial burden without compromising with other financial requirements and obligations.
• Easy Instalment Plans: You can have monthly, quarterly, and yearly payment plans with Emirates NBD Business Reward Credit Card, which will help you transform your high-value purchases into monthly EMIs to conveniently repay.
• SMS Facility: You get a notification for every payment or any other transaction made using your credit card with the SMS facility provided by Emirates NBD Business Reward Credit Card for the card members. 
• High Credit Limit: Emirates NBD Business Reward Credit Card offers a higher credit limit, although it will depend on your credit report and monthly income. 
• Lifestyle Benefits: Besides smooth transactions, Emirates NBD Business Reward Credit Card also offers lifestyle benefits to the card members, with free access to airport lounges, auto top-ups, discounted rentals, etc., being in store for them.
• Minimum Bill Payment: Emirates NBD Business Reward Credit Card allows you to carry forward up to 5 per cent of your monthly outstanding amount. This amount can be easily repaid in the next month’s billing cycle.
• Plus Points: With Emirates NBD Business Reward Credit Card, you can earn up to 5 per cent Plus Points on several local and international transactions like bill payments for hotel stays, fuel, groceries, and so on. 
• Dine Offers: Up to 30 per cent discount at more than 2,000 leading restaurants through Bon Appétit in the UAE can be availed with Emirates NBD Business Reward Credit Card.
• Live Well Program: Emirates NBD Business Reward Credit Card offers an attractive Live Well Program that has exclusive discounts of up to 50 per cent at some of the leading fitness centres, gyms, salons, spas, medical care centres, etc.
• MasterCard Benefits: MasterCard features like reduced rental rates, corporate liability waiver, discounted shipping costs, and more are just some of the benefits made available to Emirates NBD Business Reward Credit Card card members.
• Convenient Payment Methods: Emirates NBD Business Reward Credit Card allows card members to use Samsung Pay, Fitbit Pay, Google Pay, Apple Pay, and other such mobile wallets.
• Insurance Benefits: Emirates NBD Business Reward Credit Card offers insurance benefits like complimentary travel insurance, purchase protection, credit shield insurance, etc., for the card members to easily pay for the covered losses and damages.
• Online Banking: Emirates NBD simplifies your online experience with access to online and mobile banking portals. To easily access their credit card details, the customers simply need to login to the portal with a unique ID and password, which will be done after registering with details like name, credit card number, registered mobile number, etc.
• Global Acceptance: Emirates NBD Business Reward Credit Card is globally acceptable, meaning that you can use it to make purchases at any location across the world, just like how you can do so in the UAE.

Eligibility Criteria for the Best Credit Cards in UAE

As provided below, one can check the eligibility for some of the best business credit cards in the UAE:

Documents Required to Applying for Best Business Credit Cards in UAE

If you are applying for a business credit card in the UAE, the following is a list of documents required on your part

• A completely filled out and duly signed application form
• Emirates ID – Original and a copy
• Passport with a valid residency visa – Original and a copy
• Proof of residence – Original and a copy
• Trade License (for self-employed applicants) – Original and a copy
• Appointment Letter/Salary Slips (for salaried employees) for the last six months
• Bank statements for the last three months (for income verification of salaried employees)
• Credit copy (if holding a credit card from another bank)
• Post-dated cheques (for security reasons)

How to Apply for a Business Credit Card in UAE

Simply follow the few simple steps detailed below to apply for a business credit card in the UAE.

Bank’s Online Portal

1. Discover Your Business Needs: Before making the final decision regarding the credit card, first achieve clarity about your financial business requirements. A great place to start is to visit the credit cards section on policybazaar.ae to explore various options. The best part about visiting Policybazaar UAE website is that you can go through the detailed benefits and features of multiple credit cards, and make an informed financial decision to choose the best fit one.
2. Visit the Online Portal: Most banks in the UAE allow applicants to apply for their desired business credit cards both online and offline. After choosing a business credit card, you must visit the website of the bank providing it. However, if you are an existing customer with the chosen bank, you can apply for your preferred business credit card using an online banking or mobile banking portal.
3. Provide Your Details: Next, you need to fill out the application form available on the bank’s website or online banking portal. Based on the type of business credit card you are applying for, you will be asked to provide details like your name, business name, contact details, monthly income, etc.
4. Upload the Documents: Attach the required documents with the form before you submit it. The documents include identity proof, address proof, trade license, bank statements, and any other listed on the bank’s website.
5. Submit the Request: After you submit the form to complete the application process, the bank will verify your details and supporting documents and get back to you on the same. Make sure you go through the entire set of instructions before filling out the form. Otherwise, this may cause hassles in the future, which may require you to go through the entire application process again, in the worst case. 

Policybazaar UAE Website

1. Analyse Your Business Financial Needs: The first step remains the same in all cases. You should first analyse your business financial needs and properly evaluate the amount of credit limit you need to utilise every month/year. This clarity will help you choose the most suitable credit card with attractive discount offers based on your business requirements.
2. Visit Our Website and Explore Your Options: Once done, you can visit policybazaar.ae and go to the credit cards section. Our website will help you steer clear of confusion, as you would be able to go through the detailed benefits and features of your shortlisted credit cards in a few clicks and make an informed financial decision.
3. Provide Your Details: Next, you have to provide your name, mobile number, residential address, monthly income, and more details to start with the application process. If you want an enhanced understanding of how it will function, ensure that you go through the terms of use for your preferred business credit card.
4. Submit Essential Documents: Once done with the details, provide supporting documents like identity proof, address proof, trade license, etc. For hassle-free approval, read the entire set of documents mentioned on the website.
5. Submit the Application: Now that you have provided all the required details and documents, you can proceed to submit the application and wait for approval. Your chosen bank will contact you via phone or email using your registered contact details to inform you about the business credit card application status. 

Fees and Charges for Business Credit Cards in UAE

For a better understanding of the available options, you can compare the charges levied in different retail situations for some of the cards and their annual fees payable below:

Conclusion

According to a Payfort report, there is a relatively high percentage of usage of credit cards in the UAE. With the number estimated at 89 percent, it is one of the highest in the MENA (the Middle East and North Africa region). The authorisation to process payment by credit card has been allowed by the Central Bank of the UAE to mainly three commercial banks: the Mashreq Bank, the National Bank of Abu Dhabi, and the Emirates National Bank of Dubai. However, even though the penetration of credit cards in the economy is substantial, it still appears to not be the preferred method of payment regarding online transactions or e-commerce operations. 

Nevertheless, there is optimism regarding the future of credit cards appears, with several institutional reforms underway over the past decade that can alter usage patterns in the near future. At the other end of the corporates, banks and financial institutions have been attempting to generate greater customer loyalty by announcing benefits and schemes for card holders. Efforts are also made on the safety aspect with better regulation of the financial companies, which ensures the offering of credit lines to customers only after sufficient evidence of their fitness and creditworthiness. However, the key challenges before the credit card industry in the UAE are the need for greater loyalty towards banking institutions and an ease of online business processes through technological integration. 

At Policybazaar UAE, we offer services to help you apply for your preferred business credit card without any delays or hassles. Simply visit the credit cards section on policybazaar.ae, provide your details with supporting documents, and apply for your chosen business credit card in a jiffy. 

Feel free to call our customer support helpdesk anytime if you need help with the application process. Besides analysing your financial needs and recommending a suitable business credit card, our experts can also take you through the entire application process and apply for your desired business credit card on your behalf.

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