UBRD Launches New Cashback Options for Business Customers

UrBC, Yekaterinburg, October 11, 2019. The Ural Bank for Reconstruction & Development (UBRD) introduced new cashback options on business customers’ cards, the bank’s press service reports.

‘Until the end of the year, the UBRD customers can get back into their business card accounts 5% of the amount they spend on glassware, leather goods, watches, jewelry, photo and video appliances, musical instruments, cakes and pastry, and wholesale batches of precious stones and metals. A 1% cashback bonus will also be paid on any card-based purchase of household appliances, cosmetic items, greeting cards and souvenirs, electronic goods and equipment, toys, fur coats, and alcohol,’ the bank says.

The cashback bonus gets paid into your account every month (but no more than RUB 15,000 a month).

‘Using a plastic card to pay for your shopping is becoming a matter of course, it’s both easy and convenient. So why not bring this convenience to our business customers? The business owners can track all of their card-related expenses online, and it will also be much easier for the company accountant to put all the figures together and determine the amount subject to tax. Sole traders can use their business card as their private card, with no limits on non-cash transactions,’ says Head of Directorate for Corporate Business Development at UBRD Elena Sorvina.


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