CIMB Bank Berhad has introduced the CIMB SME BusinessCard, designed exclusively for SMEs to simplify expense management and enhance business travel experiences. This innovative card offers unlimited cash rebates of up to 1.25%* for both local and overseas spending, making it the best-in-class choice in the market.
SMEs can enjoy significant benefits, including up to 1.25% cash rebates for overseas retail transactions and 0.5% cash rebates for local retail transactions, all with no annual fee. The card also provides a generous interest-free period of 50 days, allowing SMEs to manage their cash flow effectively.
For business travelers, the CIMB SME BusinessCard offers exclusive perks such as complimentary access to Plaza Premium Lounges worldwide, ensuring a comfortable journey. Cardholders can also receive cash rebates for in-flight Wi-Fi services, enabling them to stay connected during travel.
In addition to these travel benefits, the card comes with comprehensive coverage, including personal accident insurance of up to RM1 million and compensation for missed flight departures, flight delays, luggage delays and losses, car rental excess due to accidents, and protection against the loss of personal funds and documents due to theft. This comprehensive coverage provides peace of mind for SMEs and their employees while traveling.
CIMB has also partnered with leading players in the card payment processing industry, allowing SMEs to make card payments even to businesses that do not traditionally accept cards. This flexibility enhances the convenience of using the CIMB SME BusinessCard for various transactions.
Lawrence Loh, co-CEO of group commercial and transaction banking of CIMB Group, highlighted the bank’s commitment to supporting businesses by simplifying operations and enhancing financial efficiency. Beena Pothen, country manager, Malaysia and Brunei, Mastercard, emphasised Mastercard’s dedication to supporting SMEs in navigating the changing business landscape.
To further enhance the travel experience, the CIMB SME BusinessCard offers an array of dining and shopping privileges, allowing cardholders to enjoy cashback rewards and discounts at over 45,000 merchants worldwide. SMEs looking for payment flexibility can opt for 0% installment payments for up to 36 months with CIMB’s Easy Payment Plan.
In line with CIMB’s sustainability efforts, the CIMB SME BusinessCard is made from bio-sourced polylactic acid derived from non-edible corn, offering a sustainable alternative to plastic. This initiative supports businesses consciously looking to reduce their environmental impact.
The CIMB SME BusinessCard is available to a wide range of businesses, including private limited companies, limited liability partnerships, sole proprietorships, and partnerships. For more details about the CIMB SME BusinessCard and the application process, please visit www.cimb.com.my/SMECC.
