ICICI Bank-Jet Airways launch contactless business credit card for SMEs

New Delhi, May 13 (KNN) Private sector lender ICICI Bank has announced the launch of contactless business credit card in association with Jet Airways for small and medium enterprises (SMEs) and their employees.

Called as Jet Airways ICICI Bank Business Advantage Card, the credit card would help the customers save on their business expenses.

It would also provide customers opportunities to earn 'JPMiles' on both spends as well as repayments on a list of business expense categories including travel, dining, office stationery, online advertising and vendor payments among others.

The reward is in the form of 'JPMiles' that is allocated to both the SME and the cardholder as per the Miles Split Ratio Module (MSRM) chosen by the SME.

The JPMiles can be split between cardholder and the company in the ratios of 75:25, 50:50 & 25:75.

"This collaboration further underscores our commitment to provide SMEs with solutions that will help them to scale up swiftly," said Rajiv Sabharwal, executive director, ICICI Bank.

The card also gives a complimentary access to Visa's expense management tool allowing entrepreneurs to keep track of all business related spends, he said.  (With Inputs from media report)