Answers to the most frequently asked questions

Credit Card For Small Businesses

What is the ADCB Self Employed Business Credit Card? And how is it different from other regular personal credit cards?

Specially designed to cater to the needs of business customers, the ADCB Self Employed Business Credit Card has built-in features that a business establishment can benefit from, while conducting regular business transactions.

ADCB Self Employed Business Credit Card is different from regular personal credit cards in the following aspects:

1. It is a joint and several liability credit card issued to the business establishment and its designated employees.

2. It is issued based on the credit assessment of the business establishment.

3. It provides higher credit limit than the personal credit cards.

Why do I need the ADCB Self Employed Business Credit Card account alongside my business bank account?

Most banks often link spending limits or overdrafts to cashflow. The ADCB Self Employed Business Credit Card allows you, in addition to your existing financial facilities, the flexibility to purchase items now, while paying back over time.

Why not use my personal Credit Card?

It makes sense to keep personal and business spending separate for a number of reasons. First it simplifies administration, as you don’t have to untangle personal and business expenditure. Secondly, the consolidated detailed monthly statements allow you to monitor and measure business outgoings quickly and easily. In addition to the above, you will also get specially negotiated discounts with a growing list of business suppliers.

What are the variants available on the ADCB Self Employed Business Credit Card?

Currently the ADCB Self Employed Business Credit Card is available in the Standard MasterCard variant only.

Who can apply for the ADCB Self Employed Business Credit Card?

The ADCB Self Employed Business Credit Card can be offered to all small business owners and their employees on completing the joining formalities and providing requisite documents.

A business establishment must have been in operation for a minimum of 3 years in Abu Dhabi, Dubai and Sharjah only.

Is it possible to convert an existing personal ADCB Chip Credit Card into a Self Employed Business Credit Card?

Your personal credit card has been issued to you on your personal credit assessment, while your business credit card is issued based on assessment of your business establishment. It is always advisable that you keep your personal and business expenses separate, and to this effect we will need a new application.

What will be the credit limit assigned on the ADCB Self Employed Business Credit Card?

ADCB would assign a consolidated credit limit to your business establishment. The designated employees of your company can then get individual credit limits equivalent to a maximum of two-thirds of the credit limit issued to your business establishment.

For example: Company limit: AED 120,000

Maximum credit limit, which can be issued to each employee: AED 80,000.

Can I have additional cardholders on my ADCB Self Employed Business Credit Card account?

Yes, the ADCB Self Employed Business Credit Card allows you to have unlimited additional cards for employees. Each cardholder has their own credit limit and you can monitor their individual expenditure through monthly detailed statements generated for each employee’s card.

What are the fees and charges associated with the ADCB Self Employed Business Credit Card?

Like other regular personal credit cards, the ADCB Self Employed Business Credit Card carries annual fees and other incidental fees. Please refer to the Schedule of Fees for a complete listing of all applicable fees and charges.

Where can I use my ADCB Self Employed Business Credit Card?

Your card is now accepted at over millions of retail outlets and ATMs displaying the MasterCard® logo in most countries throughout the world. Your ADCB Self Employed Business Credit Card can also be used for purchases on the Internet.

How long does it take to get a decision on my application?

Every application that is received is viewed on an individual basis by a specialist Credit Analyst. You should hear from ADCB within 14 working days of the receipt of your duly completed application.

Who will be responsible for the repayment on an ADCB Self Employed Business Credit Card?

The onus for making payments on the ADCB Self Employed Business Credit Card lies both with the business enterprise as well as its employees, to whom the card has been issued. The monthly statement would be send to a designated person in the company, who would settle all outstanding payments on behalf of the organisation. In case of non-repayment, the employee is also liable for clearing the outstanding balance.

What is the minimum payment I need to make each month?

Each month you need only pay 5% of the outstanding balance or a minimum of AED 100, whichever is higher. However if you like, you can pay anything between the minimum and the full balance - it’s completely up to you. You may choose to pay the full balance as well.

Is the ADCB Self Employed Business Credit Card protected against fraudulent use?

Yes, there is no liability to pay for theft, loss or fraudulent Internet use - as long as you inform us as soon as your card cannot be found or you notice any unusual transactions on your account. Should your card be lost or stolen, call our toll free number 600 50 2030 or if overseas you can ring the call collect number +971 2 621 0090.

Branches & ATMs