HDFC Bank Biz Power RuPay Credit Card
Rewards & Benefits
Welcome Benefits
Users will get an Amazon Prime Annual membership and Biz Prime 6-month subscription on making 1 online transaction within the first 30 days of card issuance.
Milestone Benefits
Cashback Rate
Users will receive 4 reward points for every INR 150 spent.
1 reward point = Upto Rs. 0.50. General cashback rate: 1.33%.
Redeem on SmartBuy (against flights/hotel booking). Effective cashback rate: 1.33%
Redeem against product catalogue via net banking & SmartBuy. Effective cashback rate: Up to 1.73%.
Airmiles conversion via net banking. The effective cashback rate is 1.33% Catalogue via net banking & SmartBuy.
A minimum of 2500 RP is needed to redeem reward points against the statement balance.
Movie Benefits
Dining Benefits
Other Benefits
Lounge Access
Fees & Charges
Joining Fee
Annual Fee
Cash Advance Fee
Interest rate
1.99% monthly, 23.88% annually.
Late Payment Fee
Foreign Currency Transactions Fee
Other Fees
Cons
5X reward points applicable on minimum spending of INR 25,000 in a statement cycle.
The renewal fee is waived only if the user spent INR 4 Lakhs or more in the previous year.
A minimum of 2500 reward points is needed to redeem reward points against the statement balance.
Unredeemed reward points will expire after 2 years of accumulation.
A maximum of 60,000 reward points can be earned in a statement cycle.
Up to 55 days interest-free credit period.
Welcome benefit: Users will get an Amazon Prime Annual membership and Biz Prime 6-month subscription on making 1 online transaction within the first 30 days of card issuance.
Reward system: Users will receive 4 reward points on spending Rs.150 on business needs. Value of 1 cash point = Upto Rs. 0.50. General cashback rate: 1.33%. Effective cashback rate for redeem on SmartBuy (against flights/hotel booking): 1.33%. Effective cashback rate for redeeming against product catalogue via net banking & SmartBuy: up to 0.93%. Effective cashback rate for Airmiles conversion via net banking: 1.33%. Effective cashback rate for catalogue via net banking & SmartBuy is: up to 1.73%. A minimum of 2500 cash points is needed to redeem cash points against the statement balance. Unredeemed cash points will expire/lapse after 2 years of accumulation.
Milestone benefit: Users will get a Gift Voucher worth Rs.2500 of MakeMyTrip/Reliance Digital on Quarterly spends of Rs 2.5 Lakhs. (On all retail spends excluding rent and petrol).
Users can maximize business savings with 5X cash points on selected business spends such as (a)bill payment via Payzapp & SmartPay,(b) Income Tax/ Advance tax payment via eportal.incometax.gov.in, (c) GST payment via payment.gst.gov.in., (d) Hotel & flight booking on MMT MyBiz by SmartBuy BizDeals, (e) business productivity tools like Tally, Office 365, AWS, Google, Credflow, Azure & more via SmartBuy BizDeals - Nuclei,(f) Google Ads, (g) Meta, (h) Reliance Digital.
Users can link their RuPay credit card directly to their UPI app and can make UPI transactions using this credit card.
Users will get up to 10% savings on all restaurant bill payments.
Lounge benefit: Users will get 16 airport lounge access within India per alander year and 6 International lounge access via Priority Pass per year.
Rewards & Benifits
Welcome Benefits
Users will get an Amazon Prime Annual membership and Biz Prime 6-month subscription on making 1 online transaction within the first 30 days of card issuance.
Rewards System
International Forex Markup
2%
Welcome Benefits and Reward System
Special Features
Low interest rate.
No reward redemption fee.
Low International Forex markup.
No fuel surcharge.
Eligibility Criteria
A Self Employed Indian Citizen aged between 21 yrs. to 65 Yrs.
Annual ITR above Rs 12 Lakhs
(Customers can apply credit card using ITR, GST returns, Bank Statements and Merchant payment report)
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
1. Online Application:
Visit the HDFC Bank website: https://applyonline.hdfcbank.com/cards/credit-cards.html
Select the Biz Power Credit Card option.
Provide the required personal and financial information.
Upload necessary documents.
Submit the application.
2. Visit HDFC Bank Branch:
Visit your nearest HDFC Bank branch.
Request an application form for the Biz Power 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
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Up to 55 days interest-free credit period.
Welcome benefit: Users will get an Amazon Prime Annual membership and Biz Prime 6-month subscription on making 1 online transaction within the first 30 days of card issuance.
Reward system: Users will receive 4 reward points on spending Rs.150 on business needs. Value of 1 cash point = Upto Rs. 0.50. General cashback rate: 1.33%. Effective cashback rate for redeem on SmartBuy (against flights/hotel booking): 1.33%. Effective cashback rate for redeeming against product catalogue via net banking & SmartBuy: up to 0.93%. Effective cashback rate for Airmiles conversion via net banking: 1.33%. Effective cashback rate for catalogue via net banking & SmartBuy is: up to 1.73%. A minimum of 2500 cash points is needed to redeem cash points against the statement balance. Unredeemed cash points will expire/lapse after 2 years of accumulation.
Milestone benefit: Users will get a Gift Voucher worth Rs.2500 of MakeMyTrip/Reliance Digital on Quarterly spends of Rs 2.5 Lakhs. (On all retail spends excluding rent and petrol).
Users can maximize business savings with 5X cash points on selected business spends such as (a)bill payment via Payzapp & SmartPay,(b) Income Tax/ Advance tax payment via eportal.incometax.gov.in, (c) GST payment via payment.gst.gov.in., (d) Hotel & flight booking on MMT MyBiz by SmartBuy BizDeals, (e) business productivity tools like Tally, Office 365, AWS, Google, Credflow, Azure & more via SmartBuy BizDeals - Nuclei,(f) Google Ads, (g) Meta, (h) Reliance Digital.
Users can link their RuPay credit card directly to their UPI app and can make UPI transactions using this credit card.
Users will get up to 10% savings on all restaurant bill payments.
Lounge benefit: Users will get 16 airport lounge access within India per alander year and 6 International lounge access via Priority Pass per year.
5X reward points applicable on minimum spending of INR 25,000 in a statement cycle.
The renewal fee is waived only if the user spent INR 4 Lakhs or more in the previous year.
A minimum of 2500 reward points is needed to redeem reward points against the statement balance.
Unredeemed reward points will expire after 2 years of accumulation.
A maximum of 60,000 reward points can be earned in a statement cycle.
The card offers a decent cashback rate on business related spends which is not offered typically by other credit cards. The value add features offered by the card are also decent.
The card offers a decent cashback rate on business related spends which is not offered typically by other credit cards. The value add features offered by the card are also decent.
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 2,500/- plus taxes.
Annual fee: INR 2,500/- plus taxes.
Foreign currency markup: 2%.
Fuel surcharge: NA
Cash advance fee: 2.5% or INR 500 whichever is higher.
Late payment charges: INR 100 to 1300.
Reward redemption fee: NA
Interest rate: 1.99% monthly, 23.88% annually.
Fuel Surcharge
NA
Billing Cycle
Up to 55 days