Forte has launched a new product—a credit business card with unique conditions designed specifically for individual entrepreneurs. With a 30-day interest-free period and a limit of up to 10 million tenge, this card will serve as a reliable assistant for entrepreneurs in addressing financial challenges without disrupting business processes, as noted by the developers. Unlike similar offerings on the market, the Forte credit business card comes with several advantages. Here’s what makes it beneficial:
- card limit—10 million tenge;
- interest-free period—30 days;
- interest rate if the terms of the interest-free period are violated—ranging from 23.25% to 34.49% (APR from 25.6% to 46%);
- online issuance in just 3 minutes via the ForteBusiness mobile app;
- free issuance, maintenance, and replenishment of the card;
- no commission on purchases at POS terminals/internet;
- cash withdrawal through ATMs and bank tellers;
- transfer of funds to Forte payment cards and other banks;
- the credit card supports international payment systems MasterCard and VISA, expanding opportunities for transactions and payments;
- card integration with Apple Pay, Samsung Pay, Google Pay, and Garmin Pay via the ForteBusiness app.
Features of the Credit Card
Forte emphasizes that the card can become a "lifesaver" for modern entrepreneurs in handling daily operational tasks. Once a client receives the card, they can make payments, withdraw, and transfer funds 24/7.
"We understand very well how crucial it is for small and micro businesses to have quick access to finances. Supporting businesses remains one of Forte's strategic goals, which is why we strive to enhance and create new beneficial products. Unlike a standard loan, the new credit card for individual entrepreneurs operates on a revolving credit principle. The card limit, which can reach up to 10 million tenge, is renewable: borrowing and repaying can be done an unlimited number of times. It automatically replenishes after the debt is paid off and is available for all financial expenditure operations," said Ernar Tashenov, a member of the board and managing director for SME development at ForteBank.
How the Interest-Free Period Works
For up to 30 days, no interest is charged. For instance, if the first expenditure transaction occurs on January 15, the interest-free period begins and will end on February 13. All transactions during this interval will be included in one interest-free period—purchases, payments, transfers, and cash withdrawals.
Who Can Access the Card
The credit card can be issued to individual entrepreneurs, private notaries, private bailiffs, lawyers, professional mediators, and agricultural and farming enterprises.
Card registration is available for both existing and new clients online through the ForteBusiness mobile application. Additionally, newly registered entrepreneurs can also take advantage of this product.
Forte is continuously working on launching new products that assist entrepreneurs in developing, growing, and addressing financial challenges. The bank aims to continue providing comprehensive business support: financial tools, products, consultations, and to be a reliable partner for entrepreneurs of all sizes.
License APRFR No. 1.2.29/197/36 dated 03.03.2020