Best Business Credit Cards in Dubai and the UAE – 2024

Imagine a world where handling your business expenses is as easy as swiping a card. Tracking spending, improving cash flow, and earning rewards become effortless. This is not a far-off dream but a reality with corporate credit cards in the UAE. Corporate credit cards in the UAE are made to help businesses with their finances. They make managing expenses easier, controlling employee spending, and offering great rewards and benefits. 

Whether you have a small or big business, knowing how these cards work and choosing the right one can improve your business’s financial health. This guide will give you detailed information about the best business credit card in UAE, including their features, benefits, how to apply, and a comparison of the top options available.

Benefits of the Best Business Credit Card in UAE

These are the primary benefits of using the best business credit cards in Dubai and the UAE:

• Expense management: Make tracking and managing business expenses easier with detailed statements and reporting tools. 
• Cash Flow management: Improve cash flow by using the interest-free credit period.
• Employee convenience: Give employees an easy way to pay for business expenses.
• Rewards and benefits: Earn rewards points, cashback, and other benefits on business spending.
• Control and security: Set spending limits and monitor transactions to prevent misuse.

Here are the Best Business Credit Card in UAE

Here are the top business credit card in UAE that you should look forward to using:

Emirates NBD Business Credit Card

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Benefits:

• Plus points: You can earn up to AED 2000 monthly Plus Points.
• Hotels: Earn 5% back on hotel bookings, with a limit of 400 monthly points.
• International transactions: Earn 2% back on international purchases, with a limit of 1000 points per month.
• Government services: Earn 1% back on government services, including DED transactions, utility bill payments, and petrol, with a limit of 300 points per month.
• Groceries and other spends: Earn 0.5% back on groceries, supermarket purchases, and other expenses, with a limit of 300 points per month.
• No minimum payment required: No minimum payment is needed to earn Plus Points.
• Primary and supplementary cards: Earn Plus Points on transactions made with primary and supplementary cards.

How to Apply?

• Visit the official credit card page.
• Click “Get Your Card”.
• Enter your name, email and phone number.
• Click “Continue Application”.
• Enter your designation, company name, company type, and number of employees.
• If you have an office contact number, please provide it.
• Click “Submit”.
• Once the bank receives the application, they will contact you.

RAKBANK Titanium Business Credit Card

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Benefits:

• Free for life: The Titanium Business Credit Card has no annual fees, socan enjoy its benefits without any extra costs.
• Rewards and benefits: Enjoy various rewards and benefits including:
  • Cash advances up to 90% of your credit limit.
  • Cashback on retail purchases.
  • Credit card cheque.
  • Travel and insurance benefits.
• High credit limit: Get a high credit limit each month, which will allow you to manage large transactions and purchases necessary for running your business.
• Credit shield: Offered by RAKINSURANCE, this optional feature protects you against default payments due to unforeseen circumstances. Contact customer service to learn more about this protection.
• Cashback: Earn a flat 1% cashback on domestic and international retail spending.

How To Apply?

• Visit the official credit card page.
• Click “Apply Now”.
• You can either apply through the RAKBANK app or Digital Banking.
• To do that simply, Visit www.rakbank.ae.
• Choose “Business” from the Digital Banking login type.
• Log in with your Username and Password.
• Click on “Discover & Apply.”
• Select the desired product.
• And you can apply accordingly.

CBD Business Visa Signature Credit Card

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Benefits:

Financial Benefits:

• Free for life: No annual fees, with credit limits up to AED 250,000.
• Interest-free period: Up to 52 days without interest to help manage cash flow.
• Cash advance: Access up to 50% of your credit limit for urgent expenses.
• Low interest rates: Flexible revolving credit with a monthly low interest rate of 3.45%.
• Flexible repayment: Choose from 5% to 100% of the outstanding balance.

Lifestyle Benefits:

• Free valet parking: Up to twice monthly at over 30 locations in the UAE through Valtrans.
• Lounge access: Complimentary access to over 1000 airport lounges worldwide.
• Cinema discounts: 50% off on up to four 2D cinema tickets across the UAE monthly.
  • To enjoy cinema and valet parking benefits, cardholders must spend at least AED 7,500 on monthly retail purchases, excluding cash withdrawals.

Rewards:

• Travel insurance: Free multi-trip travel insurance.
• CBD rewards points: Earn up to 1.5 points for every UAE Dirham spent, which can be redeemed for cash, air miles, and shopping vouchers.
• Mobile banking app: Instant access to your card account with the CBD Mobile Banking App.

Convenience:

• Global acceptance: Use your card at over 30 million global outlets, including 3 million online merchants and 1.2 million ATMs.
• 24/7 customer service: Dedicated support within the UAE at 04 211 2818 and outside the UAE at +971 4 211 2818.
• Online account access: View up-to-date credit card balances and transactions anytime.

How to Apply?

• Visit the official credit card page.
• Click “Apply Now”.
• You can see the number given on the screen.
• You can call them between the hours of 9:00 am – 5:00 pm.
• Once they have received your request, they will initiate the process for you to obtain the credit cards.

Emirates Islamic Bank Business Credit Card

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Benefits:

• Multiple cards: Provide cards for your partners and employees.
• Expense control: Easily manage business expenses like travel, dining, and utility bill payments.
• Global acceptance: Use the card for business expenses locally and internationally.
• Lounge access: Unlimited free access to over 750 airport lounges worldwide.
• EI smartMiles: Earn SmartMiles on all purchases.
• Redemption options: Redeem SmartMiles for flights, hotels, and other retail transactions.
• Cash-on-call: Access funds anytime through 24/7 phone banking.
• Easy payment plans: Manage cash flow with flexible payment plans.
• Balance transfer: Transfer balances from other business credit cards.
• Enhanced security: Enjoy added security with Chip & PIN technology and 3D secure features.
• Business Ddning: Impress clients with up to 30% discount at top local restaurants.
• Business travel: Enjoy more value per mile with exclusive travel season offers, making your business trips more rewarding.

How to Apply?

• To apply for this credit card, visit the nearest Emirates Islamic Bank branch.

ADCB Business Platinum Credit Card

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Benefits:

• Cashback rewards: Earn cashback on your purchases.
• Business recognition: Gain recognition for your business.
• Business savers insurance: Get peace of mind with business insurance.
• Credit shield: Protect your payments with a credit shield.
• Convenient payment options: Enjoy easy ways to make payments.
• Interest-free balance transfers: Transfer balances without paying interest.
• Cash loans: Get cash loans from your card balance.
• Easy instalments: Pay in easy instalments.
• Complimentary lounge access: Free access to airport lounges.
• Buy 1 get 1 free: Get free offers

How to Apply?

• Visit the nearest ADCB branch to apply for this credit card.

HSBC Corporate Credit Card

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Benefits:

• Better control of spending: This helps you keep track of business spending.
• Supports compliance: Ensures your company follows its rules, reducing the risk of fraud and misuse.
• Spending limits: You can limit spending and restrict transactions for employees and approved suppliers.
• Better terms: You can negotiate better terms with suppliers.
• Interest-free period: Use up to 55 interest-free days to improve cash flow.
• Faster supplier payments: Quicker payments to suppliers help negotiate better purchase terms.
• Real-time reporting: Get real-time insights to compare costs and control expenses.
• Efficient payment processing: Streamlined payment processing reduces manual work and saves time and money.
• Fraud protection: Includes fraud detection software and zero liability for misuse.
• Travel insurance: Protection against travel accidents, delays, and loss of luggage and documents.
• Travel and entertainment benefits: Accepted at over 52.9 million locations like restaurants, hotels, and airlines. Enjoy travel, culinary, arts, sports, shopping, and entertainment privileges through MasterCard Rewards.
• Convenient payments and support: Contactless payments, cash withdrawals at over 1 million ATMs, and 24-hour employee support.

How to Apply?

• To apply for this credit card, you simply contact the authorities.
• Go to this link.
• Enter your name, business email address, company size, and number of employees.
• Enter your company name, business phone number, country and the nature of your inquiry. 
• Once the bank receives your inquiry, they get in touch with you.

Business Credit Card UAE Requirements

Applying for a business credit card in UAE involves meeting specific criteria and providing the necessary documentation:

Required Documents

• Identification: National ID or valid passport with UAE residence visa and Emirates ID for all signing authorities and shareholders, if applicable.
• Legal documents: Valid legal and constitutive documents such as Trade License, Certificate of Commercial Registration, Free Zone Certificate of Incorporation, Memorandum of Association, and Partnership Agreement, as applicable.
• Authorisation: Power of Attorney or Board Resolution, if applicable.
• Address proof: Proof of business address.
• Ownership details: Information about the Ultimate Beneficial Owners.
• Additional documents: Bank Reference Letter and Company Profile, if applicable.

Eligibility Criteria

1. Business registration: Your business must be registered in the UAE.
2. Business age: Typically, your business should have been operational for a certain period, usually 1-2 years.
3. Annual revenue: A minimum annual revenue requirement, which varies by bank.
4. Minimum income: Any business with an average bank account balance of at least AED 25,000.
5. Credit history: A good business and owner(s) credit history.

How to Apply To These Corporate Credit Cards in UAE?

Applying for a corporate credit card in UAE is straightforward. Follow these simple steps:

Steps to Apply:

1. Research and choose a card: Check different corporate credit cards from banks in the UAE and select the one that best suits your business.
2. Visit the bank’s website: Go to the bank’s official website.
3. Select business banking: Find the business banking section and look for corporate credit cards.
4. Fill out the application form: Complete the online form with your business details and financial information.
5. Submit required documents: Provide the necessary documents, which usually include:
   • Trade License
   • Financial Statements
   • Bank Statements
   • ID Proof (Passports and Emirates IDs)
   • Proof of Address
   • Memorandum of Association or Partnership Agreement
   • Power of Attorney or Board Resolution (if applicable)
   • Information of ultimate beneficial owners
   • Profile of the company and bank reference letter (if applicable)
6. Review and submit: For accuracy, check all information and documents, then submit your application.
7. Wait for approval: The bank will see your application and might ask for more information.
8. Receive your card: Your corporate credit card will be issued and sent to you once approved.

If No Online Application is Available:

• Visit the nearest branch: If you can’t apply online, go to the bank’s nearest branch.
  • Bring necessary documents: Take all required documents with you.
  • Speak with a representative: A bank representative will help you with the application.

Tips for a Smooth Application Process:

• Maintain good credit: Keep a good credit history for your business.
• Complete documentation: Make sure all required documents are accurate and current.
• Financial stability: Showcase that your business is financially stable and can manage credit.

By keeping up these steps, you can easily apply for a corporate credit card in UAE and enjoy its benefits for your business.

Final Takeaway:

So, that was all about the best business credit card in UAE. These corporate credit cards provide many benefits for businesses of all sizes. Choosing the right card and managing it well can help companies control expenses, improve cash flow, and earn valuable rewards. Research carefully and pick the card that best fits your business needs.

Also, check out our comprehensive guide on which credit card is suitable for you if you live in the UAE.

Frequently Asked Questions (FAQs)

Q. Can business owners get a credit card in the UAE?
Yes, they can get credit in the UAE. This is usually offered to small business owners and their employees.