HSBC introduces new credit cards for corporate customers

The Corporate Card combines a unique range of features to help customers in managing their travel and entertainment expenses. The Card also offers the unrivalled reach of MasterCard International (accepted at over 21 million outlets worldwide) coupled with Air Miles, which has rapidly become the UAE's most successful loyalty and reward programme.

MasterCard International is playing a vital role in providing "Smart Data Online", the region's first secure internet-based reporting and expense management solution, designed to give customers more information and greater control over their expenditure.

Other features of Corporate Cards from HSBC include:

Up to 53 days interest free credit
A choice of central or individual billing
Dedicated toll free customer service line
Emergency medical and legal assistance
Free travel and accident insurance
A range of services under "Traveller from HSBC"

HSBC will also offer the first Purchasing Card in the UAE market. The Card, specifically designed to support the needs of companies when buying goods and services in both the traditional and online markets, will help to simplify the purchasing process, improve control of expenditure and reduce costs.

Alan Jarman, Regional Manager Cards for HSBC Bank Middle East, said "Leading companies are becoming increasingly aware of the benefits of using a card as a payment mechanism. The new Corporate Card from HSBC is a very significant new addition to our Cards business. It contains many prominent features of HSBC corporate cards worldwide, including some extra services reflecting local market needs. We are particularly proud of being the first bank in the region to offer Smart Data Online, an interactive service which we feel will be of huge benefit to our corporate customers.

"Our Purchasing Card will also enable our customers to take advantage of the growing opportunities in the online B2B market which is also supportive of the government's e-business initiative," added Mr Jarman.

Lilly Wright, Vice President, Members Relations for MasterCard International MENA said "We are pleased to certify HSBC as the first bank in the Middle East and North Africa to offer Smart Data On line. MasterCard is the fastest growing provider of payment solutions for the public and private sectors. At MasterCard, we listen to customers so we understand what's important when it comes to managing spending. We lead the industry, delivering exclusive flexible solutions that can be custom-tailored to the way our customers work."