Jul 2016 Financial News

Sagicor Bank launches low-interest credit card for businesses

Jul 20, 2016

Sagicor Bank yesterday announced that it has launched a low-interest credit card for businesses of all sizes.

“The credit card offers businesses a 21.95 per cent interest rate, the lowest J$ credit card in the market,” the bank said in a news release.

“In addition, Sagicor Bank has partnered with MasterCard to introduce a special automatic rebate of up to five per cent when the card is used at over 40,000 merchants in the United States including hotels, restaurants, car rentals among others,” the bank added.

It said the card also offers a generous rewards programme where business card holders can earn one per cent back towards hotel bookings and travel on any airline on their net purchases.

In addition, business card holders will also continue to enjoy unlimited complimentary access to Club Kingston and Club Mobay VIP lounges at Jamaica’s major airports.

“This is a powerful credit card product for businesses, loaded with features designed to help businesses of all sizes,” the news release quotes Sabrina Cooper, vice-president, retail banking as saying. “The low, unsecured, interest rate offering, coupled with up to 55 days of no interest, allows businesses an affordable and easy way to access credit for everyday business expenses. Plus, our business card holders get travel rewards for their business spend.”

Source:
Jamaica Observer
Wednesday July 20, 2016

http://www.jamaicaobserver.com/business/Sagicor-Bank-launches-low-interest-credit-card-for-businesses_67640