HDFC Bank Biz Power Credit Card
Rewards & Benefits
Welcome Benefits
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.
Milestone Benefits
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).
Cashback Rate
Users will receive 4 reward points for every INR 150 spent.
1 reward point = Upto Rs. 0.20.
General cashback rate: 0.53%.
5x cashback on (a) bill payment for utilites via Smartpay app/website or Payzapp app/website, (b) income tax/advance tax payment, (c) GST tax payment, (d) hote and flights booked through MMTBiz app/website, (e) business tools like, Office 365, Google, Azure, Tally, AWS, etc. (f) Google Ads, (g) Meta, (h) Reliance Digital
Special Cashback Rate: 2.65%.
Cardholder can earn a maximum of 5,000 reward points per statement cycle.
Movie Benefits
None.
Dining Benefits
Cardholder will get upto 20% off on bill payment through Swiggy Dineout at partner restuarants.
Other Benefits
Cardholder will get upto 40% off on (a) business travel when purchasing ticket through HDFC's Smart Buy / Business category and (b) business software purchase through HDFC's Smart Buy / Business category.
4% off on flights and hotels on using the card with MMT MyBiz app/website.
Discount on purchase of software subscriptions such google workspace, AWS, Tally, etc, through Nuclei app/website.
Users can avail business insurance package starting at an annual premium of Rs.3,785.
Credit liability cover of INR 9 Lakhs.
Lounge Access
2 free domestic lounge access per quarter. On spending a minimum of INR 75,000 in the previous quarter the cardholder will get 2 additional domestic lounge visits.
Cardholder will get Priority Pass member on completeinga minimum of 4 retail transactions. 6 free international lounge visits.
Rewards & Benefits
Welcome Benefits
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.
Milestone Benefits
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).
Cashback Rate
Users will receive 4 reward points for every INR 150 spent.
1 reward point = Upto Rs. 0.20.
General cashback rate: 0.53%.
5x cashback on (a) bill payment for utilites via Smartpay app/website or Payzapp app/website, (b) income tax/advance tax payment, (c) GST tax payment, (d) hote and flights booked through MMTBiz app/website, (e) business tools like, Office 365, Google, Azure, Tally, AWS, etc. (f) Google Ads, (g) Meta, (h) Reliance Digital
Special Cashback Rate: 2.65%.
Cardholder can earn a maximum of 5,000 reward points per statement cycle.
Movie Benefits
None.
Dining Benefits
Cardholder will get upto 20% off on bill payment through Swiggy Dineout at partner restuarants.
Other Benefits
Cardholder will get upto 40% off on (a) business travel when purchasing ticket through HDFC's Smart Buy / Business category and (b) business software purchase through HDFC's Smart Buy / Business category.
4% off on flights and hotels on using the card with MMT MyBiz app/website.
Discount on purchase of software subscriptions such google workspace, AWS, Tally, etc, through Nuclei app/website.
Users can avail business insurance package starting at an annual premium of Rs.3,785.
Credit liability cover of INR 9 Lakhs.
Lounge Access
2 free domestic lounge access per quarter. On spending a minimum of INR 75,000 in the previous quarter the cardholder will get 2 additional domestic lounge visits.
Cardholder will get Priority Pass member on completeinga minimum of 4 retail transactions. 6 free international lounge visits.
Fees & Charges
Joining Fee
INR 2,500/- plus taxes
Annual Fee
INR 2,500/- plus taxes
Cash Advance Fee
2.5% or INR 500, whichever is higher.
Interest rate
1.99% monthly, 23.88% annually.
Late Payment Fee
INR 5 to 1300
Foreign Currency Transactions Fee
2%
Other Fees
Fees & Charges
Joining Fee
INR 2,500/- plus taxes
Annual Fee
INR 2,500/- plus taxes
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
1.99% monthly, 23.88% annually.
Late Payment Fee
INR 5 to 1300
Foreign Currency Transactions Fee
2%
Other Fees
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
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