HDFC Bank Biz First Credit Card
Card Details
Joining Fee:
Renewal Fee:
Card Type:
Reward Type:
Welcome Benefits:
Rewards & Benefits
Welcome Benefits
On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Milestone Benefits
annual fee reversal on spending inr 1,00,000 on the card.
Cashback Rate
cashback rate: 1. cashback rate: 1. cashback rate: 0.
Lounge Access
0
Movie Benefits
8
Dining Benefits
Other Benefits
reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.
Fees & Charges
Joining Fee
On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Annual Fee
annual fee reversal on spending inr 1,00,000 on the card.
Cash Advance Fee
cashback rate: 1. cashback rate: 1. cashback rate: 0.
Interest rate
0
Late Payment Fee
8
Foreign Currency Transactions Fee
Other Fees
reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.
Cons
A maximum of 15,000 cash points can be earned in a statement cycle.
A minimum of 2500 cash points is needed to redeem cash points.
Unredeemed cash points will expire after 2 years of accumulation.
No airport lounge access.
Welcome benefit: A gift voucher worth Rs.250 on making one transaction within the first 37 days of card issuance. The gift voucher is redeemable on top brands like Amazon, Swiggy & more.
Reward system: 3% cash points on EMI spend, a maximum of 1,000 cash points/calendar month. Effective cashback rate: 0.45%. 2% cash points on Utility bills, Electronics, SmartPay & Payzapp transactions, a maximum of 500 cash points/calendar month. Effective cashback rate: 0.3%. 1% cash points on all other spends including UPI spends, maximum 500 cash points/calendar month. Effective cashback rate: 0.15%. Value of 1 cash point = Upto Rs. 0.20.
Milestone Benefit: Users will earn 2000 cash points every quarter on quarterly spending of INR 75,000 & above ( All retail spending excluding rent and petrol).
Users can maximize business savings by (a) making GST payments. (b) Paying Income Tax/ Advance Tax. (c) Availing up to 40% savings on business travel and software purchases on smartbuy.
UPI payment benefits.
Fuel surcharge waiver: 1% fuel surcharge waiver at all fuel stations across India.
Dining Benefits: Users will get up to 20% savings on all restaurant bill payments with Swiggy Dineout on paying via the Swiggy App.
Users can avail business insurance package starting at an annual premium of Rs.3,785.
Rewards & Benifits
Welcome Benefits
As a welcome benefit users will get a gift voucher worth INR 250 on making one transaction within the first 37 days of card issuance. This gift voucher can be redeemed on top brands like Amazon, Swiggy & more.
Rewards System
3% cash points on EMI Spends, maximum 1,000 cash points/calendar month. Effective cashback rate: 0.45%.
2% cash points on Utility bills, Electronics, SmartPay & Payzapp transactions, a maximum of 500 cash points/calendar month. Effective cashback rate: 0.3%.
1% cash points on all other spends including UPI spends, maximum 500 cash points/calendar month.
Effective cashback rate: 0.15%.
Value of 1 cash point = Upto Rs. 0.20.
A minimum of 2500 cash points is needed to redeem cash points against the statement balance.
A maximum of 15,000 cash points can be earned in a statement cycle.
Unredeemed cash points will expire after 2 years of accumulation.
International Forex Markup
3.50%
Welcome Benefits and Reward System
Special Features
Fuel surcharge waiver.
Dining benefits.
Business insurance package
Eligibility Criteria
The applicant must be a self-employed Indian citizen.
The applicant must be aged between 21 yrs. to 65 Yrs.
Annual ITR above Rs 6 Lakhs.
Benefits
Great travel benefits.
Great dining benefits.
Business insurance benefits.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Online Application:
Visit the HDFC Bank website: Go to https://www.hdfcbank.com/personal/pay/cards/business-credit-cards/biz-first
Click on the "Apply Now" button.
Fill in the required personal and business details.
Upload the necessary documents (ITR, GST returns, bank statements, etc.).
Submit the application.
Through HDFC Bank Branch:
Visit your nearest HDFC Bank branch.
Request an application form for the Biz First Credit Card.
Fill in the required details and submit it along with the necessary documents.
Contact Details
Toll-Free: 1800 202 6161\ 1860 267 6161
Email: customerservices.cards@hdfcbank.com
Account Opening and Procedure
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Pros:-
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Cons:-
Welcome benefit: A gift voucher worth Rs.250 on making one transaction within the first 37 days of card issuance. The gift voucher is redeemable on top brands like Amazon, Swiggy & more.
Reward system: 3% cash points on EMI spend, a maximum of 1,000 cash points/calendar month. Effective cashback rate: 0.45%. 2% cash points on Utility bills, Electronics, SmartPay & Payzapp transactions, a maximum of 500 cash points/calendar month. Effective cashback rate: 0.3%. 1% cash points on all other spends including UPI spends, maximum 500 cash points/calendar month. Effective cashback rate: 0.15%. Value of 1 cash point = Upto Rs. 0.20.
Milestone Benefit: Users will earn 2000 cash points every quarter on quarterly spending of INR 75,000 & above ( All retail spending excluding rent and petrol).
Users can maximize business savings by (a) making GST payments. (b) Paying Income Tax/ Advance Tax. (c) Availing up to 40% savings on business travel and software purchases on smartbuy.
UPI payment benefits.
Fuel surcharge waiver: 1% fuel surcharge waiver at all fuel stations across India.
Dining Benefits: Users will get up to 20% savings on all restaurant bill payments with Swiggy Dineout on paying via the Swiggy App.
Users can avail business insurance package starting at an annual premium of Rs.3,785.
A maximum of 15,000 cash points can be earned in a statement cycle.
A minimum of 2500 cash points is needed to redeem cash points.
Unredeemed cash points will expire after 2 years of accumulation.
No airport lounge access.
The card offers a low cashback rate. The card offers a number of benefits like milestone benefits, dining benefits, business insurance. Overall the card is suitable for individuals looking for a basic credit card.
HDFC Bank Biz First Credit Card
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 500/- plus taxes.
Annual fee: INR 500/- plus taxes.
Foreign currency markup: 3.50%.
Fuel surcharge: 1% subject to a minimum transaction of INR 400 and a maximum transaction of INR 5000.
Cash advance fee: 2.5% or INR 500 whichever is higher.
Late payment charges: INR 100 to 1300.
Reward redemption fee: INR 99 per redemption request.
Interest rate: 3.75% monthly, 45.0% annually.
Fuel Surcharge
Fuel surcharge is 1% at all fuel stations across India, only for a minimum transaction of ₹400 and a maximum transaction of ₹5000. The maximum cashback per statement cycle is INR 250.
Billing Cycle
Up to 55 days