RHB Banking Group launches Platinum MasterCard Business Card for the high flyers

Kuala Lumpur, April 16, 2008: The RHB Banking Group today unveiled its latest credit card designed for high flyers of the business world – the RHB Platinum MasterCard Business Card. The new card, bearing the MasterCard brand, complements its existing products and services for the SMEs and SMIs.

“We, at RHB Bank, recognise that the business world today has evolved and is dynamically different from what it used to be. Negotiations are now being conducted outside of meeting rooms, deals are closed on the move, networking is an asset and efficiency is expected,” according to Renzo Viegas, Head of Retail, RHB Banking Group.

“For the high-flying businessman in this kind of environment, a new card that can connect all his needs is essential. This new card is the RHB Platinum Business Card,” he said.

The RHB Platinum MasterCard Business Card comes with an array of features and benefits. For the company, the RHB Platinum MasterCard Business Card comes with higher credit limit and flexible instalment payment plans for purchases. Companies will also be invited to send representatives for networking sessions, enjoy preferential rates for trainings and as well as conferences. The RHB Platinum MasterCard Business Card also comes with no annual fee.

For the cardholder, this product offers various lifestyle indulgences – dining, golfing, travelling and relaxing, coupled with personalised concierge service, all with the RHB Platinum MasterCard Business Card.

One of the highlights of the RHB Platinum MasterCard Business Card is the lower interest rate of 15% per annum instead of the usual 18% per annum. This is recognition to the business customers of our confidence in them and for supporting us all these years.

The main highlight of this product is the 1% cash rebate on retail transactions performed on the card. Customers do not need to maintain a minimum balance on the account to be entitled to the 1% cash rebate and the cash rebate will be credited into customer’s account every month to off-set the credit card bill.

"The MasterCard Global Commercial Products suite offers customer financial institutions the strategic knowledge and its experience in a variety of best practice programs for top companies in the commercial and corporate banking sectors," said Mr Peter Gordon, vice president, Global Commercial Products, Asia/Pacific, MasterCard Worldwide.

Additionally, it serves as an ideal payment solution tool for SME and SMIs to better streamline their business expenses from day to day purchasing of business related goods and services to travel and entertainment expenses. MasterCard also offers the opportunity for SMEs to separate their business expenditure from their personal expenses, strengthen control of business expenditures, improve cash management and fund regular payments with a business card.

In line with this, RHB Banking Group is able to offer small businesses end-to-end; tailored payment programs that help simplify their procurement process and maximize cost savings.

The RHB Platinum MasterCard Business Card also offers cardholders Platinum MasterCard privileges that recognize cardholders’ special status and provide them a variety of opportunities to experience the finer things in life.

RHB Platinum MasterCard Business Card cardholders are extended 24 hour, seven days a week Concierge Services as well as travel privileges with airlines such as Emirates, Malaysia Airlines and Thai Airways. In addition cardholders will also receive exclusive benefits from an assortment of leading hotels, spas, golf courses, fine dining establishments and other, merchants, and retailers locally and globally.

RHB rolled out a Reward Points Giveaway campaign last year where every new cardholder was awarded up to 10,000 Reward Points upon first usage of the RHB Business Card. This year, RHB Business cardholders can look forward to more exciting deals for both company and cardholder lined up throughout the year.

For more information on how to apply for RHB credit cards, kindly contact RHB PhoneBanking at 03-9206 8118 for Peninsular Malaysia (available 24 hours, seven days a week), or 082-276 118 for Sabah and Sarawak or visit www.rhbbank.com.my.

Issued on behalf of RHB Bank Bhd by Group Corporate Communications, RHB Capital Bhd. For more information, please call Adeline Ong at 012-8833345