Boubyan Offers Highest Cashback Rate in Kuwait on Business Credit Card

Boubyan Bank announced an increase in the cashback rate on its Boubyan Business Credit Card from 1.5% to up to 6% on local and international purchases, offering the highest cashback rate among business cards in Kuwait, depending on spending volume.

This move is part of Boubyan’s ongoing efforts to develop exclusive benefits that meet the needs of its business account clients, particularly small and medium-sized enterprises (SMEs), providing them with greater value from their daily purchases, alongside banking solutions that help them manage their businesses and transactions with ease and flexibility.

Cashback of up to 6%

Zaid Al-Saadoun, Assistant General Manager of the Business Banking Department at the bank, said, “At Boubyan, we are committed to building continuous relationships with our SME clients, starting with understanding the nature of their businesses and their evolving needs. From this perspective, we strive to enhance our services and benefits, while also providing initiatives and partnerships that allow them to leverage new expertise, services, and opportunities that support their business growth.”

He added, “Introducing the highest cashback rate on business cards in Kuwait enables our clients to derive greater value from their purchases and maximize the benefits of their daily business expenses. The cashback rate varies based on spending volume, starting at 1.5% and reaching up to 6% on both local and international transactions.”

Al-Saadoun noted that the card is one of the benefits offered as part of an integrated suite provided by Boubyan to its business account clients. He explained, “We continuously work on developing banking and digital products and services, along with financing, investment, consulting, and payment solutions, providing business owners with multiple options that meet their needs in managing their businesses and supporting long-term growth.”

He clarified that the development of this ecosystem is linked to continuous engagement with clients and keeping pace with changing business needs. He added, “We aim to ensure our solutions are closely aligned with the realities and aspirations of businesses, offering them greater flexibility in managing their operations. This integration strengthens Boubyan’s role as a banking partner and a success partner for SMEs, supporting them in managing their businesses and progressing toward their goals.”

He highlighted that Boubyan’s Business Banking sector recently received two awards: “Best Bank for Digital Banking Services for SMEs in Kuwait” from Global Finance, and “Best Bank for SME Banking Services in Kuwait” from Euromoney. He stated that this recognition reflects the sector’s service development and the bank’s commitment to providing a more convenient and flexible banking experience for business owners, delivering practical value that goes beyond simply processing transactions.

Al-Saadoun emphasized that Boubyan consistently aims to elevate banking services toward a more innovative and distinguished future, with customer convenience as the top priority. He noted that this strategic investment, which meets the diverse and advanced needs of its growing client base, reinforces the bank’s ongoing approach to empowering clients and developing the business environment to improve performance and increase productivity.

Business Account Services and Benefits

The Boubyan Business Credit Card offers several benefits, including free issuance during the first year, and free renewal in the second year if 2,000 Kuwaiti Dinars are spent within a year. Additional perks include access to airport lounges at various airports worldwide, purchase protection, extended warranty coverage, travel insurance services, and exclusive discounts.

Corporate banking services also enable bank customers to manage their companies’ accounts, monitor balances and statements, execute local and international transfers, process employee payroll, and leverage electronic payment services, including a dedicated corporate and retail merchant payment gateway.