Small business cards are structured to cater to business needs with features, pricing, and underwriting unique to their typical usage. Issuers provide several services specifically for small businesses, such as employee cards with customizable spending limits and detailed spending statements each month or quarter.
A tightening monetary policy cycle commenced in January 2014 with a 50 basis point increase, followed by a further 25 basis point increase in July 2014. This move was prompted by a combination of rising inflation risks and the need to normalise the real policy rate, which had been negative for some time.