HDFC CSC Small Business MoneyBack
MyRupaya Ratings
Product Details
Credit Card Name :
HDFC CSC Small Business MoneyBack
Bank Name :
HDFC Bank
Type :
Business Credit Card
Interest Rate :
3.75% monthly, 45.0% annually.
Eligibility :
The applicant must be a self-employed Indian citizen.
The applicant must be aged between 21 yrs. to 65 Years.
The applicant must have an ITR above Rs 6 Lakhs per annum.
Pros
Reward system: 100 reward points = INR 20 ( 1 Rp = INR 0.2). Users will earn 4 reward points on online spending for every INR150 spent. Effective cashback rate: 0.53%. Users will earn 2 reward points on all other expenses except fuel for every INR 150 spent. Effective cashback rate: 0.26%. Users will get 5% cashback on telecom, utility, govt. & tax payments. Users can avail a maximum cashback of Rs.250 per statement on monthly spends of INR 10,000.
Milestone benefit: Users will earn 1000 bonus reward points on an annual spend of INR 90,000.
Zero lost card liability.
Dining benefit.
Cons
Transactions amounting to less than INR 150 will not have any reward points.
Reward points are valid only for 2 years from the date of accumulation.
Reward points will lapse due to inactive or dormant status for more than 365 days.
No welcome benefit.
Pros & Cons
Welcome Benefits
NA
Rewards System
100 reward points = INR 20 ( 1 Rp = INR 0.2)
Users will earn 4 reward points on online spending for every INR150 spent. Effective cashback rate: 0.53%
Users will earn 2 reward points on all other expenses except fuel for every INR 150 spent. Effective cashback rate: 0.26%
Users will get 5% cashback on telecom, utility, govt. & tax payments.
Users can avail a maximum cashback of Rs.250 per statement on monthly spends of INR 10,000.
International Forex Markup
3.50%
Welcome Benefits and Reward System
Special Features
Low joining fee
Eligibility Criteria
The applicant must be a self-employed Indian citizen.
The applicant must be aged between 21 yrs. to 65 Years.
The applicant must have an ITR above Rs 6 Lakhs per annum.
Benefits
Dining benefits
Milestone benefit
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Visit HDFC Bank's website: Go to https://www.hdfcbank.com/
Navigate to Credit Cards: Look for the "Credit Cards" section on the website.
Find the Card: Search for the HDFC CSC Small Business MoneyBack Credit Card.
Click "Apply Now": Submit the required details like personal information, income, and contact information.
Contact Details
Toll-Free: 1800 202 6161\ 1860 267 6161
Email: customerservices.cards@hdfcbank.com
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Reward system: 100 reward points = INR 20 ( 1 Rp = INR 0.2). Users will earn 4 reward points on online spending for every INR150 spent. Effective cashback rate: 0.53%. Users will earn 2 reward points on all other expenses except fuel for every INR 150 spent. Effective cashback rate: 0.26%. Users will get 5% cashback on telecom, utility, govt. & tax payments. Users can avail a maximum cashback of Rs.250 per statement on monthly spends of INR 10,000.
Milestone benefit: Users will earn 1000 bonus reward points on an annual spend of INR 90,000.
Zero lost card liability.
Dining benefit.
Transactions amounting to less than INR 150 will not have any reward points.
Reward points are valid only for 2 years from the date of accumulation.
Reward points will lapse due to inactive or dormant status for more than 365 days.
No welcome benefit.
The USP of the card is that it offers 5% cashback on telecom, utility, government and tax payment. Otherwise the card offers very limited benefits to customers.
HDFC CSC Small Business MoneyBack
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining fee: INR 250/- plus taxes.
Annual fee: INR 250/- plus taxes.
Foreign currency markup: 3.50%.
Fuel surcharge: 1% subject to a minimum transaction of INR 400
Cash advance fee: 2.5% or INR 500 whichever is higher.
Late payment charges: INR 100 to 1300.
Reward redemption fee: INR99 per redemption request.
Interest rate: 3.75% monthly, 45.0% annually.
Fuel Surcharge
1%
Billing Cycle
Up to 50 days