Best Credit Card for Small Business in UAE

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Small business owners go through a great deal of financial challenges in the early stages of their operations. They need to keep a close check on their finances and manage their cash flow more efficiently for better results. 

Credit cards for small businesses enable them to get enough cash flexibility. They allow businesses to streamline their operations and deal with their day-to-day expenses by paying for essential goods and services while enjoying benefits like purchase protection, extended warranty, balance transfers, travel insurance, and more. 

Keep reading to know more about why you need a credit card for your small business and how you can apply for one without any hassle. We have also listed below the best credit cards for businesses to help you shortlist one without making any extra efforts.

Best Small Business Credit Cards in UAE

Here is the list of the best business cards to be used for a small business.

  • ADIB Business Platinum Covered Card
  • Emirates Islamic Business Card
  • ADIB Business Gold Covered Card
  • United Arab Bank Business Credit Card
  • RAKBANK Titanium Business Credit Card

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ADIB Business Platinum Covered Card

ADIB Business Platinum Covered Card is one of the best-performing business credit card offered by Abu Dhabi Islamic Bank. The credit card offers exciting deals and discounts on travel, dining, lifestyle, entertainment, and more for the card members.

Features & Benefits

  • A minimum monthly income requirement of AED 8,000
  • Free for the first year and annual membership fee of AED 800 from the second year onwards
  • Advanced chip and pin technology
  • Credit limit of up to AED 250,000
  • Free roadside assistance services
  • Global acceptance
  • Free Online and Mobile Banking Services
  • Attractive deals on movie tickets
  • Extended warranty
  • Purchase protection
  • Exciting Golf offers
  • Access to more than 200 airports throughout the world
  • Free first four supplementary cards for the primary cardholders’ family members.
  • Retail discount of up to 30 per cent at more than 20 million retail outlets globally
  • No replacement charges for the damaged cards
  • Attractive offers on booking hotel stays through Hotels.com
  • Attractive deals and discounts on hotels and vacation rentals booked through Agoda.com
  • Cash in advance facility at an additional fee of 3 per cent
  • Non-AED transaction fee of 3.10 per cent
  • Interest rate of 3 per cent

Emirates Islamic Business Card

Emirates Islamic Business Card is a free for lifetime business credit card for small business. The credit card offers attractive features and benefits with great deals on travel and dining. The credit card enables card members to earn a good amount of Smart Miles on their local and international purchases. They can redeem these miles to book their flight tickets and hotel stays at reasonable prices.

Features & Benefits

  • A minimum monthly income requirement of AED 10,000
  • Free for lifetime
  • Advanced chip and pin technology
  • Exciting Golf offers
  • Global acceptance
  • Free Online and Mobile Banking Services
  • Cash in advance facility at an additional fee of 3 per cent
  • Non-AED transaction fee of 3.49 per cent
  • Interest rate of 3.25 per cent
  • Attractive Smart Miles earning packages
  • Multiple cards available for employees and other partners
  • Free unlimited airport lounge access 
  • Attractive deals and discounts on business dining, travel, and utility bill payments
  • Quick and easy Smart Miles redemption in the form of flight tickets, hotel bookings, and other retail transactions
  • Cash withdrawal facility through phone banking services
  • Easy payment plans to help make quick payments
  • Balance transfer facility for easy credit card bills repayment
  • A comprehensive set of privileges to reduce business expenses on dining, travel, rentals, utilities, couriers, and more
  • Dining discounts of up to 30 per cent at the restaurants in the UAE
  • Attractive golf and cinema ticket offers
  • Up to 8 per cent discount on booking hotel stays through Hotels.com
  • Up to 12 per cent discount at more than 985,000 on booking stays and vacation rentals through Agoda.com

ADIB Business Gold Covered Card

ADIB Business Gold Covered Card is one of the best Islamic Visa Credit Card for small businesses in the UAE to manage their finances more efficiently. The card members can access their card details through online and mobile banking portals to keep track of their financial activities.

Features & Benefits

  • A minimum monthly income requirement of AED 8,000
  • Free for the first year and annual membership fee of AED 400 from the second year onwards
  • Advanced chip and pin technology
  • Credit limit of up to AED 150,000
  • Special roadside assistance services
  • Global acceptance
  • Free Online and Mobile Banking Services
  • Four free supplementary cards for the primary cardholders’ family members.
  • No replacement charges for the damaged cards
  • Attractive offers on booking hotel stays through Hotels.com
  • Attractive deals and discounts on hotels and vacation rentals booked through Agoda.com
  • Cash in advance facility at an additional fee of 3 per cent
  • Non-AED transaction fee of 3.10 per cent
  • Interest rate of 3 per cent

United Arab Bank Business Credit Card

United Arab Bank Business Credit Card is another credit card for small businesses that offers exciting deals and discounts for card members. The credit card enables them to earn an attractive number of reward points on local and international purchases and redeem these reward points to further save on their expenses.

Features & Benefits

  • A minimum monthly income requirement of AED 6,000
  • Non-AED transaction fee of 3 per cent
  • High cash withdrawal limits with attractive cashback offers
  • Advanced chip and pin technology
  • Global acceptance
  • Free for life
  • Free Online and Mobile Banking Services
  • Interest rate of 2.99 per cent
  • Cash in advance facility at an additional fee of 3 per cent
  • Up to 10 per cent discount on booking hotel stays through Hotels.com
  • Avis car rental offers
  • Attractive UAB reward point offers on local and international purchases
  • Earn 1 point and 2 points on spending USD 1 on all the local and international transactions respectively
  • Quick and easy UAB reward point redemption in the form of flight tickets, hotel bookings, and other retail transactions
  • Cash withdrawal facility at reasonable interest rates
  • Brand the business credit card with the company’s name
  • MasterCard priceless cities offers
  • Complimentary airport lounge access to more than 10 airport lounges in the UAE
  • Up to 15 per cent discount on booking a prime luxury serviced apartment
  • Attractive discounts on Careem Chauffeur rides every month
  • Exciting Buy 1 Get 1 offers at more than 600 merchants at over 90 locations

RAKBANK Titanium Business Credit Card

RAKBANK Titanium Business Credit Card is the best credit card for making business transactions throughout the world. The credit card offers great deals on buying goods, equipment, raw material, and more based on the nature of the business.

Features & Benefits

  • A minimum monthly income requirement of AED 10,000
  • Non-AED transaction fee of 2.20 per cent
  • High cash withdrawal limits with attractive cashback offers
  • Advanced chip and pin technology
  • Global acceptance
  • Free for life
  • Free Online and Mobile Banking Services
  • Interest rate of 3.45 per cent
  • Cash in advance facility at an additional fee of 3.45 per cent
  • Attractive cashback offers with no minimum spend criteria
  • 1 per cent cashback on all local and international transactions
  • Exclusive insurance deals and offers
  • Purchase protection
  • Complimentary insurance benefits with travel insurance
  • Attractive dining offers at RAKFeast
  • Personal accident insurance of up to USD 150,000
  • Unlimited access to airport lounges of airports at different locations including Dubai, Abu Dhabi, Kuwait, Jordan, and Cairo
  • Avis car rental offers
  • Up to 10 per cent discount on booking hotel stays through Hotels.com
  • Exciting Buy 1 Get 1 offers
  • Easy credit card cheque facility

Why Small Businesses Need Credit Cards in UAE?

Here is how a credit card helps small businesses make a difference and manage their finances in a better way.

  • Organise Expenses - Small businesses need credit cards to organise their expenses. A credit card for business helps business owners differentiate their personal expenses from professional expenses. This way, they can keep a check on all the business expenses avoid unnecessary spending. They can also use credit card statements and records to maintain their books for better financial planning. 
  • Maintain Credit History - Credit cards for small businesses help them maintain a good credit report. All they need to do is pay their credit card bills on time. A good credit repayment history helps businesses gain a good credit score and makes them eligible to apply for different types of loans to fulfil their financial business requirements.
  • Rewards/Loyalty Points/Cashback - Credit cards in UAE offer various reward point programs, loyalty programs, and cashback earning offers. Small businesses can also make the best use of such deals and offers. Based on the credit card terms, they can earn reward points on their local and international spending. They can then redeem these points to save even more on their expenses. The same goes for the cashback offers. Small business owners can check the covered categories and earn an attractive amount of cashback while spending on the same.
  • Keep a Tab on Spending - Businesses usually provide their employees with funds to pay for the business expenses. Credit cards can be one of the best financial resources that they can provide to their employees. The best part about this idea is that they can check the monthly statements to keep close track on such expenses. This helps the businesses not only keep a tab on their employees’ spending but also avoid they can work on reducing their expenses.
  • Get Spending Flexibility - Credit cards in UAE come with a huge credit limit for business owners. Businesses can get cash flow flexibility while fulfilling their financial requirements with this credit limit. However, the credit limit is just another kind of loan, and they need to pay for their credit card bills later on. Business owners can benefit from the credit card limit in different ways such as cash loan, balance transfers, and more. 

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Eligibility Criteria for Small Business Credit Cards

Here are the eligibility criteria for a small business to get a business credit card in the UAE.

  • The applicant must be a UAE National or Expat.
  • The applicant must meet the minimum income requirement for the chosen credit card.
  • The applicant must have a good credit score.
  • The applicant must have a valid trade license.

Documents Required to Get Credit Cards for Small Businesses

Here is the list of documents required to get a credit card for small businesses.

  • A completely filled out application form
  • Emirates ID for all the partners – Original and a copy
  • A valid Passport for all the partners – Original and a copy
  • UAE Residency Visa for at least one business partner – Original and a copy
  • Power of Attorney
  • Proof of Residence – Original and a copy
  • Trade License – Original and a copy
  • Post-dated cheques for security purposes
  • Memorandum of Association
  • Chamber of Commerce Membership Certificate
  • Credit copy (if the applicant has a credit card with another bank)
  • Board Resolution, if any
  • Bank Statement of the previous three months (for income verification of self-employed applicants)
  • Appointment Letter/Salary Certificate/Salary Slips for the previous three months (for income verification of salaried applicants)
  • Other Subsequent Amendments

How to Apply for Credit Cards for Small Businesses?

Here are a few simple ways how business applicants can apply for a credit card in the UAE.

  • Bank’s Website - The applicants can visit the chosen bank’s website and apply for a credit card for their business. All they need to do is fill out the application form and upload all the required documents on the website to complete the application process.
  • Online Banking - The applicants can also login to the chosen bank’s online banking portal using their banking credentials and apply for a credit card for their business. They need to fill the application form and submit the same with all the essential documents.
  • Mobile Banking - The applicants can login to the bank’s mobile banking portal and apply for a credit card for their business. They can go to the request section in the application, fill out the application form, and submit the same with all the necessary documents to complete the application.
  • Bank’s Branch - The applicants who do not have internet connectivity can also visit the bank’s branch to apply for their desired credit card in the UAE. They need to fill out the application form in the presence of one of the bank’s representatives and provide them with all the required documents.
  • Our Website - The applicants can also visit our website and go to the credit cards section to find the best credit card for their small business. They can fill in the application form for the chosen credit card and provide essential documents to submit the application.
Best Credit Card for SMEs in UAE

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The Bottom Line

Now that you know how credit cards in the UAE enable you to run your business smoothly, it’s time for you to choose one from the list and apply for the same. You can simply visit our website to know more about your chosen credit card for business. The application process for a credit card is as easy as pie on our online portal. All you need to do is fill out the application form and provide your details with the supporting documents. Do not hesitate in calling us if you need assistance. Our financial experts will take you through the entire application process and help you apply for a credit card for business in no time.