Mastercard Partners Alibaba.com to Launch a New Credit Card [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance
the renowned fintech innovator, Cardless, to introduce a co-branded credit card. This card is branded as Alibaba.com Business Edge Credit Card. People will be able to apply for the card later this year. The credit card will carry an annual fee of $199. The new credit card is designed to benefit small business owners for domestic and cross-border purchases via Alibaba.com. Buyers can reap rewards through cashback or special financing terms. The card offers a compelling rewards structure like a 3% cashback on Alibaba.com or 60-day interest-free payment terms for annual purchases up to $40,000, and 2% cashback on other business expenses like advertising and dining, outside the platform. For all other purchases, cardholders earn 1% cashback. This rewards program is designed to incentivize spending and drive higher transaction volumes. Cardholders will also enjoy Mastercard World Elite perks, including enhanced cybersecurity protection and productivity tools. Daily task assistants, pay
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