Emirates NBD launches Emirates Business Credit Card

Emirates NBD announced at a press conference the launch of its landmark Emirates Business Credit Card in partnership with Emirates Airline's Business Rewards programme and Visa.

  • United Arab Emirates: Wednesday, July 09 - 2008 at 10:12
  • PRESS RELEASE


Group Photo with the actual launched credit card for representatives from Emirates NBD, Emirates Airlines & Skywards.
Group Photo with the actual launched credit card for representatives from Emirates NBD, Emirates Airlines & Skywards.

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The co-branded card is targeted specifically at Small and Medium Enterprises in the UAE. Designed for the discerning business person, the card provides a convenient and flexible tool to help businesses manage expenses easily and effectively and at the same time offer the additional value of earning money saving rewards.

The press conference was led by Mr. Jamal Bin Ghalaita, Emirates NBD General Manager Consumer Banking and Wealth Management, Mr. Keith Longstaff, Emirates' Divisional SVP Commercial Operations Worldwide, and Mr. Kamran Siddiqi, General Manager Middle East, Visa International.

Mr. Jamal Bin Ghalaita said:

'Our recent partnership with Emirates airlines has resulted in the launch of a truly valuable and rewarding business credit card product. The Emirates Business Card offers small and medium enterprises a combination of benefits and features that include reward miles, business insurance, flexible payment options and expense management support while offering them a flexible cash flow solution. We anticipate that the card will become an indispensable 'business partner' to the business community. We see great synergy between Emirates NBD and Emirates Airline, with both organizations modeling innovation and leadership in their respective domains and we are very pleased to be combining our efforts to offer our clients a distinctive co-branded business card.'



Mr. Keith Longstaff, said, 'We are delighted to partner with Emirates NBD on the Emirates Business Credit Card. Business Rewards is Emirates Airline's new online programme for small and medium sized businesses. The Emirates Business Card being launched today fits perfectly with Emirates Airline's own Business Rewards programme. Small and medium sized businesses now have the perfect payment solution for our online programme, and benefit from even more opportunities to earn Business Reward miles.'

Mr. Kamran Siddiqi, General Manager Middle East, Visa said, 'Visa continuously strives to develop payment solutions that offer value to our cardholders while rewarding them with unique benefits. Operating the world's largest retail electronic payment network Visa offers the global acceptance business travellers have come to know and expect from their card transactions. The Emirates Business Credit Card is another example of this.'

The Emirates Business Credit Card features a number of unique benefits that deliver real value to businesses in the areas where they need it the most.

Cardholders will earn 1 Business Rewards Mile for every 1US$ equivalent spend which can be accumulated and redeemed for award flights on Emirates. As an introductory offer customers will get unsurpassed value in the form of 25,000 Bonus Business Rewards Miles and also get Double Miles for all their spending on the card until December 2008.

With a very attractive interest rate of 0% per month for the first 90 days and a low interest rate of 1.49% per month thereafter the Emirates Business Credit Card provides almost 40% savings through lower interest costs from day one.

To help manage sudden unplanned business expenses cardholders can get a loan over the phone for up to 75% of their credit limit. This loan can also instantly be converted to an easy installment plan at a very low interest rate of just 0.8% per month.

Emirates Business Credit Cardholders will automatically be entitled to free Office Content Insurance of Dhs100,000 to cover their office premises and its contents in the event of loss or damage, due to fire, flooding or other natural causes.

Furthermore, the Emirates Business Credit Card comes packed with a number of other privileges including access to airport lounges (Dubai International Hotel First Class lounge, and Abu Dhabi Airport hotel lounge), Autoassist, a unique Business Savings Programme that offers a wide range of merchant discounts and savings, a vast array of exclusive dining privileges plus complementary rounds of golf.




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Notes and media contacts

About Emirates NBD:
Emirates NBD (DFM: ENBD) is the biggest banking group in the Middle East by assets and the biggest banking group in the UAE by market capitalization. The Group has a leading retail banking franchise in the UAE, with over 110 branches and over 474 ATMs. It is a major player in the UAE corporate banking arena, with a combined market share of almost a fifth of corporate loans. It also has strong Islamic banking, investment banking, private banking, asset management and brokerage operations. The Group has operations in the UAE, the Kingdom of Saudi Arabia, Qatar, the United Kingdom and Jersey (Channel Islands), and representative offices in India, Iran and Singapore.

About National Bank of Dubai:
Founded in 1963, National Bank of Dubai is the oldest, locally incorporated bank in the Southern Gulf. Known as the bank with a performance that is second-to-none, NBD has built a reputation of stability and strength much appreciated by shareholders and customers alike. Recognizing this leading performance, NBD has been awarded with the Dubai Quality Award for the year 2005.

Offering diversified financial services, NBD is a leader in corporate banking. Its portfolio covers a wide range of services including transport, real estate, construction, manufacturing, tourism and service industries throughout the region. In addition, NBD's 'Private Office' provides private banking services, offering highly tailored solutions to preserve and protect the personal wealth of its customers. Along with supplying customers with a variety of exclusive service based products, secured facilities, Credit Cards, personal loans, , auto loans and home loans, National Bank of Dubai also offers a variety of treasury products and services, advising customers on exchange markets and interest rate outlook. NBD also launched Suhail Priority Banking Services, a premier banking service offering customers personalized relationship management and a host of exclusive products and services. Furthermore, NBD offers customers automated banking services, which consist of an internet service (NBD Online), a telebanking facility (NBD Telebank), an SMS based service (NBD Mobile) and an online brokerage trading in UAE shares through its subsidiary, NBD Securities.

NBD also recently established NBD Investment Bank which is its' investment arm operating from DIFC. With a comprehensive card portfolio that provides an array of benefits, NBD has, over the years, built a wide ATM network as well as Point of Sale terminals in select locations throughout the UAE.

National Bank of Dubai currently has an extensive branch network that includes 39 branches throughout the UAE. In addition, NBD also has a branch in London and Qatar as well as a representative office in Tehran.

About Emirates Bank:
Emirates Bank offers a full range of retail banking products and services under the 'me' brand name. These include: Current & Savings Accounts, Tiered Saving Accounts, Term Deposits, Personal Loans, Car Loans, Credit Cards, Insurance Products, banking products for Indian and Lebanese Expatriates, as well as well as Credit Card Loyalty Programme. In addition, Emirates Bank offers its customers priority banking services through Al Shaheen.

Emirates Bank offers its customers the convenience of banking across a range of channels (on-line, phone banking) and through visiting one of the wide network of branches across the UAE. Emirates Bank has been awarded the coveted status of a 'Superbrand' for the past four consecutive years.

For more press information please contact:
Zeina El Haj / Aya Elamine
Head of Marketing, Communication & Events
For Consumer Banking & Wealth Management
Account Manager- PR
Emirates NBD
Tamra C2
Tel: 04 209 2669
T: 04 295 1177
Fax: 04 2329147
F:04 295 1188

Shimaa Elsayed
Senior Account Manager- PR
Tamra C2
T: 04 295 1177
F:04 295 1188
Siba Sami Ammari Posted by Siba Sami Ammari
Wednesday, July 09 - 2008 at 10:12 UAE local time (GMT+4)

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