At a glance
Designed exceptionally for well-established organisations, the Visa Business credit card provides added control and enhances the way you run your business. It reduces the need for cash and cheque books and provides purchasing convenience.
Adds an air of legitimacy
A business credit card is proof of the legitimacy of your company. Whether you are taking a client out on a business related outing, or making a general purchase, paying with a business card showcases that your company is well established and even enjoys a certain prestige.
Tap to Pay
Make everyday payments quick, easy and safe with your new SBM Contactless Card. Whether at home or abroad, simply tap to pay for daily purchases with the SBM Contactless Card, a means of payment which is fast, safe and hassle-free.
Security
Our chip-enabled cards provide you with the highest level of card payment security available. Furthermore, you can use our eSecure platform to safely effect purchases via the internet. SBM eSecure adds a new level of security to online shopping for SBM Visa & MasterCard Cardholders.
Extra protection
Business credit cards offer additional levels of protection to mitigate problems which may arise. Some of the protection features available to users are travel insurance, lost luggage insurance, emergency transport assistance amongst others.
Higher spending limits
Business cards offer a higher spending limit than standard credit cards. This allows companies to make larger purchases and gives business owners more room to carry a balance on the card.
Employee and company spending limits
It helps control expenditure. Businesses are able to set spending limits for the entire company, as well as for each individual employee. This is a great way to help you and your employees stay within a set budget. This allows business cardholders to control the company’s spending habits.
Eliminate need for cash and cheques
It reduces bureaucracy and costs and provides extra cash flow flexibility. A major advantage of owning a business credit card is that it eliminates the need for cash and cheques, especially, in situations such as business related travels. Businesses no longer have to give their employees cash advances. Instead, they can use business cards for their expenses, and all of their spending becomes far easier to track.
Build a positive credit history
Just like in your personal life, it is necessary to build good credit for your business to ensure its future growth. Through the proper use of a business card you will establish a good credit history. This will help your business as you move forward.
Manage your card account online
In addition to your monthly bank statements that are mailed to you, you can also monitor your account online by accessing SBM Net (Internet Banking). You can also effect payments online thus saving time which can be dedicated to your customers and business.
Interest free period & repayment options.
You can choose from different repayment options, with a minimum of 5%, to align to your company’s cash flow requirements. You can also enjoy a range of 15 days up to a maximum of 45 days interest free period on retail purchases if you choose to pay 100% of your balance due.
Benefit from Visa Business offers worldwide
Take advantage of many specially selected discounts and offers, when you pay with your Visa Business Credit Card. This set of exclusive offers has been selected with the needs of your business in mind and may translate into considerable savings. Offers range from business travel and service solutions, to IT and telecommunications.
- Chip-enabled Card
- SBM eSecure Internet platform for online shopping
- Features & Offers:
- Discounts at partner merchants across Mauritius
Flexibility:
- Up to 45 days of interest-free credit on purchases
- Repayment option as from 5% up to 100%
- Multiple repayment modes: Automatic monthly repayment, branch counter and internet banking
- Card to Card (using debit card) payment up Rs 50,000 on ATM.
Emergency Assistance:
- 24/7 assistance through SBM’s cards Hotline
What is a contactless card?
Contactless allows you to make faster and secured low value payments by tapping your contactless-enabled bank card on a payment terminal without inserting your card into the payment terminal or entering your personal identification number (PIN).
How to make contactless payment?
Contactless payment can be effected at any merchant’s payment terminal bearing the contactless payment symbol.
When the merchant’s payment terminal prompts you, you are required to place your card within a few centimeters from the terminal. When the terminal accepts the reading, it signals with a beep, green light, or checkmark. Once the approval is received, the transaction is completed.
Where can I use the contactless card?
Please refer to question 2 above.
The majority of the SBM POS terminals accept payments by the contactless card.
Is there any contactless transaction limit I can use contactless?
The contactless card can only be used for transactions amounting up to MUR 10,000 per day (or the equivalent in foreign currency).
Can I use contactless to get cash out at an ATM?
No, you cannot get cash out of an ATM using contactless.
Are there any fees for paying with contactless?
Besides the standard fees and charges applicable to existing non-contactless card, there are no additional fees associated with the use of contactless service.
Can I use my contactless card abroad?
Yes, you can use your contactless card abroad. Contactless transactions will be accepted wherever the contactless symbol is displayed. Please be aware that the contactless transaction limit of MUR 10,000 (equivalent in foreign currency) may vary depending on the country in which you are transacting.
How can I get a contactless card?
You will automatically be issued a contactless card when your existing card is up for renewal or expiry. You will need to effect an ATM transaction or point of sale transaction to enable the contactless function.
What happens if the terminal is not contactless enabled?
Your card can still function as a regular card for Chip +PIN transactions.
What happens if I must do an online transaction?
Contactless transactions can only be done at physical terminals, which are contactless enabled. Online transactions will continue to be effected on the relevant platforms for online banking.
Is reloading of funds needed for the contactless features?
No, no loading of funds onto the contactless card is needed. The funds will be deducted on your account from the available balance.
SECURITY FOR CONTACTLESS PAYMENT
Could I unknowingly make a purchase as I walk past a reader?
No. The merchant must have keyed in the transaction amount for you to approve first, and your card needs to have been held within a few of centimeters of the terminal. You will also be provided with a RFID (Radio Frequency Identification) protection sleeve to protect your card.
Is contactless technology secure?
Yes. Contactless uses the latest secure encryption technology (same as Chip and PIN) so you can feel confident when using it to pay for items. There is a ceiling of MUR 10,000 on the aggregate value of transactions permitted per day, and from time to time, you may be asked to enter your PIN to verify you are the genuine cardholder. If your card is lost or stolen, please inform our hotline immediately on [230] 207 1111 so that the card can be blocked. You will not be held responsible for fraudulent charges or unauthorized purchases made using the contactless features on your card, after reporting the loss of your card to the Bank.
Why don't I need to enter my PIN or sign for purchases?
This is to ensure that using contactless technology is as simple and convenient as cash; merchants that accept contactless payments do not require you to sign or enter your PIN for transactions under MUR 10,000 (or the equivalent in foreign currency).