| Minimum Revenue | Age of Business | Islamic Finance | Cashback | Annual Fee | Rate | |
|---|---|---|---|---|---|---|
Aseel Business Credit Card
|
Minimum Revenue: AED 600,000 | Age of Business: 2 years | Islamic Finance: Yes | Cashback: No | Annual Fee: AED 500 | Rate: 0% |
The Aseel Business Credit Card provides you with the freedom, mobility and flexibility to grow, direct and control your business from anywhere. It offers unmatched features tailored to specific business needs, giving you the power to take your business to the next level. Aseel Business Credit Card comes packed with features that drive your business growth. It maximizes your business revenue and improves your cash flow management, while enhancing security and convenience. The card gives recognition and prestige, and provides business cost savings in a Shari'ah compliant way.
Features
- Gain recognition and prestige
- Enjoy convenience and security
- Manage cash flow
- Maximise business revenue
- Avail flexible payment channels
Representative Example
If you spend AED 1,200 at a purchase interest rate of 18.9% (variable) your representative APR will be 18.9% (variable).
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
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