Business Gold Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
Business Gold Credit Card
Bank Name :
HDFC Bank
Type :
Travel Credit Card
Interest Rate :
3.60% p.m. 43.20% p.a.
Eligibility :
Indian Resident
Any Business owner or self-employed individual.
The primary cardholder must be an Indian citizen, of age 21 and not older than 65.
have a minimum annual income of Rs. 2 lakhs.
Pros
The benefits associated with this card are as follows:
1. Customers Get 1% cash back on air tickets booked through domestic airline websites.
2. Get 1% cashback on Utility Bill Payments
3. Balance transfer facility available.
4. Customers can Buy products on the Business Gold Credit Card and repay in easy monthly installments
5. Fuel Surcharge waiver available.
6. Revolving credit facility available along with 50 days interest-free period.
7. Customers can Get an additional credit card with their existing HDFC Gold Credit Card
Cons
1. No welcome benefit is provided to the customers.
2. Limited features and benefits available.
Pros & Cons
Welcome Benefits
None
Rewards System
Earn reward points on every spend of ₹150 and above Redeem reward points for shopping through Net Banking.
1 Reward Point = Rs 1 1 RP for every INR 100 spent.
Effective Cashback Rate= 1%
International Forex Markup
IFM- 3.5%
Welcome Benefits and Reward System
Special Features
None
Eligibility Criteria
Indian Resident
Any Business owner or self-employed individual.
The primary cardholder must be an Indian citizen, of age 21 and not older than 65.
have a minimum annual income of Rs. 2 lakhs.
Benefits
Airport lounge access.
Travel insurance, including trip cancellation/interruption, baggage delay/loss, and medical evacuation/transportation.
Global Assist Hotline for help with lost passports, emergency cash advances, and more.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Go to the HDFC Bank website and click on the "Apply for Credit Cards" tab.
Select the "Business Gold Credit Card" from the list of cards.
Enter your personal and business details.
Upload your scanned documents, such as your PAN card, Aadhaar card, and business registration certificate. Submit your application.
You will be contacted by HDFC Bank's credit card team for further processing of your application.
The approval of your application will depend on your credit score and other factors.
Contact Details
1800 202 6161 or 1860 267 6161,
send an SMS to 730 8080 808,
or even use WhatsApp to send a message to 707 0022 222.
Account Opening and Procedure
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
The benefits associated with this card are as follows:
1. Customers Get 1% cash back on air tickets booked through domestic airline websites.
2. Get 1% cashback on Utility Bill Payments
3. Balance transfer facility available.
4. Customers can Buy products on the Business Gold Credit Card and repay in easy monthly installments
5. Fuel Surcharge waiver available.
6. Revolving credit facility available along with 50 days interest-free period.
7. Customers can Get an additional credit card with their existing HDFC Gold Credit Card
1. No welcome benefit is provided to the customers.
2. Limited features and benefits available.
HDFC Bank Biz Power Credit Card
The card is a premium credit card with a number of value add features. This card offers cashback on even tax and GST payment. Overall it is a must have card for small business owners/ freelancers.
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
Annual Fees: Rs. 199, which can be waived if you spend Rs. 50,000 in a year.
Cash advance fee: 2.5% or ₹ 500 whichever is higher.
Interest Rates: 3.60% p.m. 43.20% p.a.
Late Payment Charges: Less than ₹100 = Nil ₹100 to ₹500 = ₹100/- ₹501 to ₹5,000 = ₹500/- ₹5,001 to ₹10,000 = ₹600/- ₹10,001 to ₹25,000 = ₹800/- ₹25,001 to ₹50,000 = ₹1100/- More than ₹50,000 = ₹1300/-
Foreign Currency Transactions Fees: 3.5%.
Reward Redemption Fees: Rs. 99/-
Fuel Surcharge
1% Fuel Surcharge waiver on fuel transactions (Minimum transaction of ₹400, Maximum transaction of ₹5,000 & Maximum waiver of ₹250 per statement cycle)
Billing Cycle
30 Days