I am starting a small business and a wholeseller, who I am thinking to buy from, demands a full credit card information including CID number. Is it fine? I smell the set up, but probably that's because I am new to the system
Wholeseller demands a credit card information?
- Posted:
- 3+ months ago by Serious_M...
- Topics:
- full, number, card, information, credit, numbers, credit card, small business
Details:
Responses (1)
Yes, Ideally you should not share your CID number, Just look in for details why he needs it. Though I feel it should not be able to do any kind of frauds.
Self Employed Business Credit Card is different from regular personal credit cards in the following aspects:
1. It is a joint and several liability credit card issued to the business establishment and its designated employees.
2. It is issued based on the credit assessment of the business establishment.
3. It provides higher credit limit than the personal credit cards.
few banks liks ADCB in UAE provides these kind of credit cards. Check details on their website www.adcb.com