NetBank Adds Business Credit Cards

Thursday 17 June 2004 11:02 CET | News

NetBank has added business credit cards for small business banking customers. Since launching its service one year ago, NetBank has signed up approximately 1,600 small business customers with over $37.5 million in deposits.

NetBank continues to build out its Small Business Banking product offering with the addition of two new business credit cards: the no annual-fee MBNA Platinum Plus for Business and the MBNA Platinum Plus Business Rewards. Both cards feature a credit line of up to $100,000; free additional cards for employees with individual credit limits; and employee misuse insurance protection. The Business Rewards card allows cardholders to receive bonus points for purchases. In addition to traditional deposit products, NetBank also offers small businesses Internet-based payroll and tax filing services through a partnership with PayMaxx; equipment financing services; and online bill payment (including 10 free payments per month). NetBank plans to introduce other new products later this year, such as insurance and additional loan and credit products. And as many small business owners come to find out, running a small business can become an all-consuming endeavor. NetBank recently conducted a survey of more than 400 small business owners across the country on the realities of running their own business. Among the findings: - 23% of respondents said operating a small business was more time consuming than imagined; - 53% said they also serve as the accountant for their business; - 35% said they took less than one week of vacation in 2003;

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Categories: Banking & Fintech | Online & Mobile Banking
Countries: World
This article is part of category

Banking & Fintech