Ukrainian entrepreneurs have received a new tool for managing funds and planning expenses. PrivatBank and Mastercard announced the launch of a business card for individual entrepreneurs with a special credit limit "Entrepreneurial".

A key feature of the business card is a predictable credit limit, the size of which is tied to the officially declared income of the entrepreneur. The limit is 10% of the income, but does not exceed 500 thousand UAH.

Another advantage of the business credit card is the ability to separate own and credit funds. The credit limit can be opened on a separate account, which simplifies expense control and transaction accounting.

"Unlike classic credit products for micro-businesses, the business credit card is a convenient and simple tool for covering business needs," notes Yevhen Zaigraiev, PrivatBank Management Board Member for Corporate Business and SME. "We expect that the business credit card will become a daily financial tool for planning expenses for business operations."

The limit has a grace period of up to 55 days. This gives the business almost two months of access to additional financing without paying interest and commissions. During this time, the entrepreneur can finance the purchase of goods, sell them, and return the funds to the bank.

The business credit card with the "Entrepreneurial" limit is available to all customers in Privat24 for business.