Eligibility, fees and charges, features, ET BFSI

In an effort to expand its card business and reach small and medium-sized businesses (SME), HDFC Bank introduced four credit cards. The four credit cards are BizFirst, BizGrow, BizPower, and BizBlack, as per an HDFC Bank press release issued on February 6, 2024.

Benefits of these cards
The business credit card range offers an interest-free credit cycle of 55 days, savings on core business spends like utility bills, GST, income tax, vendor payments, business travel, and business productivity tools, as per the press release.

Top lifetime free credit cards with no annual fee, joining fee

Key features of the business credit cards, according to the HDFC Bank press release.

Up to 55 days free credit period (industry best)
Up to 10X* Reward Points on Business Spends
Bill Payments | Tax Payments | Vendor Payments | Business Travel | Business Productivity Tools
Specially Curated Business Insurance Package
Fire & Burglary | Cash in Safe & Transit | Electronic Equipment
Exclusive Business focussed Redemption Catalogue
Travel & Hotels | Microsoft Office 365 | Clear Tax | Amazon for Business | Google Ads
EMI and Loan on card facility

Credit card for freelancers/GIG workers
Freelancers/GIG workers is a new emerging segment in self-employed category and the Bank will be launching GIGA Business Credit Card shortly, catering to specific needs of this segment, the press release said. Let us now take a look at each of these credit cards in detail as per the HDFC Bank website.

Biz Black Metal Edition Credit Card

A Self Employed Indian Citizen aged between 21 yrs. to 65 Yrs.
Annual ITR above Rs 21 Lakhs
(Customers can apply credit card using ITR, GST returns, Bank Statements and Merchant payment report

Fee
The cost to join or renew is Rs. 10,000 plus any applicable taxes. Spend Rs. 1.5 lakh within the first ninety days of the card’s issue to receive a waiver of the first year’s joining fee.
Features

Up to 55 days Interest Free Credit Period.
Earn 5 Reward Points on every Rs.150 spent for your business needs (1 Reward Point = Upto 1 Re/-)

Unlimited Airport lounge access to 1000+ Lounges globally for primary and add-on card members
Unlimited Airport lounge access valid for only Active cardholders.
Earn 5X Reward Points on your select Business spends such as
1. Bill Payment via Payzapp & SmartPay
2. Income Tax/ Advance Tax payment via eportal.incometax.gov.in
3. GST & Vendor payment via Swifti.in and SmartHub Vyapar App
4. Hotel & flight booking on MMT MyBiz powered by SmartBuy BizDeals
5. Business Productivity tools like Tally, Office 365, AWS, Google, Credflow, Azure & more via SmartBuy BizDeals –
Note: 5X Reward Points applicable on minimum spends Rs. 50,000 in statement cycle.

BizPower Credit Card
HDFC Bank Biz Power Credit Card Eligibility

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)

HDFC Bank fee
The joining or renewal fee is Rs. 2500, plus any applicable taxes. Spend Rs. 4 lakh during the anniversary year (12 billing cycles) to receive a waiver of the renewal fee the following year.Card features

Up to 55 days Interest Free Credit Period.
Earn 4 Reward Points on every Rs.150 spent for your business needs (1 Reward Point = Upto Rs. 0.50)
Earn 5X Reward Points on your select Business spends such as

1. Bill Payment via Payzapp & SmartPay
2. Income Tax/ Advance Tax payment via eportal.incometax.gov.in
3. GST & Vendor payment via Swifti.in and SmartHub Vyapar App
4. Hotel & flight booking on MMT MyBiz powered by SmartBuy BizDeals
5. Business Productivity tools like Tally, Office 365, AWS, Google, Credflow, Azure & more via SmartBuy BizDeals – Nuclei
6. Google Ads
7. Reliance Digital
Note: 5X Reward Points applicable on minimum spends Rs. 25,000 in statement cycle.
Earn maximum 5,000 Reward Points per statement cycle.
Domestic airport lounge:
– Upto 16 airport lounge access within India per calendar year
– 2 complimentary lounge access per quarter
– Additional 2 complimentary lounge access on spending of Rs.75,000 in the previous quarter.
International airport lounge:
– Cardholders can access international lounge using Priority Pass
– You can apply for Priority Pass for self and add on members once you complete minimum 4 retail transactions on your Biz Power Credit Card. – 6 International lounge access via Priority Pass*/ YearBiz Grow Credit Card
HDFC Bank Biz Grow Credit Card Eligibility :

A Self Employed Indian Citizen aged between 21 yrs. to 65 Yrs.
Annual ITR above Rs 6 Lakhs
(Customers can apply credit card using ITR, GST returns, Bank Statements and Merchant payment report)

Fee
The joining or renewal fee is Rs. 500, plus any applicable taxes. Spend one lakh rupees during the anniversary year (12 billing cycles) to have the next year’s renewal fee waived.

Card features

Up to 55 days Interest Free Credit Period.
Earn 2 Cash Points on every Rs.150 spent for your business needs
Earn 10X Cash Points on your select Business spends such as

Fuel Surcharge Waiver: 1% fuel surcharge waiver at all fuel stations across India
(on minimum transaction of Rs 400 and maximum transaction of Rs 5000. Max Cashback of Rs250 per statement cycle)
Dining Benefits: Get up to 20% savings on all your restaurant bill payments with Swiggy Dineout on paying via Swiggy App using your card (20k + restaurants).

Biz First Credit Card
HDFC Bank Biz First Credit Card Eligibility:

A Self Employed Indian Citizen aged between 21 yrs. to 65 Yrs.
Annual ITR above Rs 6 Lakhs
(Customers can apply credit card using ITR, GST returns, Bank Statements and Merchant payment report

Fee
The joining or renew fee is Rs. 500, plus any applicable taxes. Spend Rs. 50,000 during the anniversary year (12 billing cycles) to receive a waiver of the renewal fee the following year.

Card features

Up to 55 days Interest Free Credit Period.
Earn cashpoints on your everyday Business spends!
3% CashPoints on EMI Spends (Earn Maximum 1,000 CashPoints/Calendar month)
2% CashPoints on Utility bills, Electronics, SmartPay & Payzapp transactions (Earn Maximum 500 CashPoints/Calendar month)
1% CashPoints on all other spends including UPI spends (Earn Maximum 500 CashPoints/Calendar month)

Fuel Surcharge Waiver: 1% fuel surcharge waiver at all fuel stations across India
(on minimum transaction of ?400 and maximum transaction of ?5000. Max Cashback of ?250 per statement cycle)
Dining Benefits: Get up to 20% savings on all your restaurant bill payments with Swiggy Dineout on paying via Swiggy App using your card (20k + restaurants).
Business Insurance Benefit Avail Specially curated Business insurance package at an annual premium of Rs.3,785 (including GST).