HDFC
HDFC Biz First Credit Card
This is an invite only card
Apply and get ₹1100 Rewards
Top Benefits
Get 2000 CashPoints
on quarterly retail spends of ₹75,000 and above
Get Up To 20% Savings
on restaurant bill payments via Swiggy Dineout using the Swiggy app at 20,000+ restaurants
Best For
Shopping
Dining
Travel
Utility Bills
UPI
Finding a reliable credit card for basic business expenses and everyday payments can be a challenge. Th...
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Finding a reliable credit card for basic business expenses and everyday payments can be a challenge. Th...
Finding a reliable credit card for basic business expenses and everyday payments can be a challenge. The HDFC Biz First Credit Card steps in as a practical solution for self-employed professionals and small business owners. Operating on the RuPay network, this card allows you to link it directly to your favorite UPI apps. You can scan and pay at your local vendors or online merchants straight from your credit line, keeping your personal bank balance untouched.
What makes the HDFC Biz First Credit Card interesting is its focus on utility and EMI purchases. Instead of offering flashy travel perks that you might never use, it rewards you with up to 3% CashPoints on EMI spends and 2% on utility and electronic purchases. With a highly accessible joining fee of just Rs. 500 and straightforward eligibility criteria requiring a minimum ITR of Rs. 6 lakh, it serves as a solid entry point for freelancers and business owners wanting to organize their finances.
If you spend around Rs. 4,167 a month, you easily clear the Rs. 50,000 annual spending threshold to get your next year's renewal fee waived. While the base reward rate is modest, the combination of UPI convenience, specific business insurance options, and quarterly milestone bonuses makes it a hardworking tool in your wallet.
View FAQ
Commonly Asked Questions
Is the HDFC Biz First Credit Card lifetime free?
No, the card comes with a joining fee of Rs. 500 and an annual renewal fee of Rs. 500. However, you can get the renewal fee waived if you spend Rs. 50,000 or more in the previous year.
Who is the ideal user for this card?
This card is best for self-employed professionals, freelancers, and small business owners who want to make UPI payments via a credit card. It is ideal if your main expenses are utility bills and EMI purchases.
Can I use this card for UPI payments?
Yes, because it is issued on the RuPay network, you can easily link it to UPI applications like Google Pay, PhonePe, or PayZapp. You will earn 1% CashPoints on these UPI transactions.
Are there any travel or lounge benefits on this card?
No, this card does not offer any airport lounge access, flight benefits, or railway surcharge waivers. It is strictly focused on basic spending and business utility rewards.
Expert Review
When I analyze the HDFC Biz First Credit Card, I see a highly functional tool built for a very specific type of user: the self-employed individual who wants UPI integration and makes frequent EMI purchases for their business. At a joining fee of just Rs. 500, it is highly accessible, and waiving the annual fee requires a trivial Rs. 50,000 yearly spend. The 1.99% forex markup is also surprisingly low for an entry-level card, making it decent for paying international software subscriptions.
However, I cannot ignore the severely diluted reward system. Earning 1% on base spends sounds standard, but when 1 point is only worth Rs. 0.15, your actual return is a tiny 0.15%. That is incredibly poor value compared to basic cashback cards that offer straight 1% or 1.5% returns. Furthermore, hitting you with a Rs. 99 redemption fee on such low-value points feels almost punitive.
My verdict? Get this card only if you desperately need a RuPay credit card for UPI payments and you plan to finance large electronics via EMI. If you want pure savings, you are much better off exploring dedicated cashback alternatives.
Joining / Annual Fee
Joining Fees
₹590 ( ₹500 + GST )
Annual Fees
₹590 ( ₹500 + GST )
Keeping costs low is important for small businesses, and this card performs well in that regard. When y...
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Keeping costs low is important for small businesses, and this card performs well in that regard. When y...
Keeping costs low is important for small businesses, and this card performs well in that regard. When your card is issued, you will be charged a one-time joining fee of Rs. 500 plus applicable GST. You can offset a portion of this initial cost by using the card within the first 37 days to secure the Rs. 250 welcome voucher.
From the second year onwards, the bank charges a renewal or annual fee of Rs. 500 plus GST. However, you do not have to pay this if you use your card moderately. The annual fee is entirely waived if you spend Rs. 50,000 or more in the preceding 12 months. Breaking that down, you only need to spend about Rs. 4,167 per month on the card. Paying just a couple of utility bills or running a few UPI transactions through the card will easily cover this target, making it effectively free after the first year.
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The one-time joining fee is Rs. 500 plus applicable taxes, charged when the card is first issued.
What is the annual or renewal fee?
The yearly renewal fee is Rs. 500 plus taxes, applicable from the second year of card membership.
Is there an annual fee waiver option?
Yes, the Rs. 500 annual fee is waived if you achieve a total spend of Rs. 50,000 or more in the previous card anniversary year.
Does the Rs. 250 welcome voucher offset the joining fee?
While it does not officially discount the fee on your statement, getting a Rs. 250 voucher effectively gives you back half the value of your Rs. 500 joining fee.
Do UPI payments count toward the Rs. 50,000 fee waiver target?
Yes, standard retail transactions including merchant UPI payments made via the card count toward your annual spending milestone.
Are rent payments counted for the fee waiver?
Rent payments are excluded from milestone calculations; you must rely on regular retail, electronic, and utility spends to hit the target.
When is the annual fee billed to my account?
The annual fee is charged in your statement at the end of your 12-month card membership cycle if you have not met the waiver condition.
Can I get this card completely lifetime free?
Lifetime free status is granted during specific festive promotional periods or if you hold a high-value current account relationship with the bank.
Eligibility
Age
Criteria*
21-65 years
Salary
Criteria*
6LPA
Credit
Rating*
750+
New to credit
allowed
No
Existing Bank
Customer Allowed
No
Getting approved for the HDFC Biz First Credit Card involves meeting specific age, income, and credit s...
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Getting approved for the HDFC Biz First Credit Card involves meeting specific age, income, and credit s...
Getting approved for the HDFC Biz First Credit Card involves meeting specific age, income, and credit score requirements. The bank has designed this card primarily for self-employed individuals, though general criteria apply across the board. The primary applicant must be at least 21 years old and no older than 65 years at the time of application.
Your income plays a major role in the approval process. The general monthly income requirement sits at Rs. 40,000. For the target demographic of self-employed applicants, the bank requires a minimum Annual Income Tax Return (ITR) of above Rs. 6 Lakh. This means your documented business income must show a healthy, stable flow.
Furthermore, your credit history must be solid. Self-employed applicants need a CRIF score of 750 or above. If your score is below 750 or if you have no credit history at all, your application will likely face rejection. Maintaining a clean repayment record on previous loans or cards is vital before applying.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary applicant must be at least 21 years old to apply for the HDFC Biz First Credit Card.
What is the maximum age limit for the primary cardholder?
You must be 65 years old or younger at the time of submitting your credit card application.
What is the minimum annual income for self-employed applicants?
Self-employed professionals and business owners need to provide an Annual ITR of more than Rs. 6 Lakhs to meet the eligibility criteria.
What is the monthly income requirement generally stated?
The bank lists a monthly income benchmark of Rs. 40,000 for standard eligibility.
Can salaried individuals apply for this card?
While the card is heavily marketed toward self-employed users, salaried individuals meeting the general Rs. 40,000 monthly income requirement can also apply, subject to bank approval.
What credit score is needed for approval?
A minimum CRIF credit score of 750 is strictly required as per the bank's eligibility rules for self-employed applicants.
Will my application be rejected if my credit score is below 750?
Yes, since a CRIF score of 750 or above is a stated requirement, applying with a lower score will result in high chances of rejection.
Do I need to submit my ITR documents?
Yes, self-employed applicants must submit their Income Tax Returns proving an annual income above Rs. 6 Lakhs to process the application.
Can I get this card if I have no credit history?
Since the bank requires a minimum score of 750, first-time borrowers without a credit history should apply for a secured card against a Fixed Deposit to build their profile.
All Card Benefits
- Earn 3% CashPoints on EMI spends; 1 CashPoint = up to ₹0.15; capped at 1,000 CashPoints per month
- Earn 2% CashPoints on Utility bills, Electronics, SmartPay & PayZapp transactions; capped at 500 CashPoints per month
- Earn 1% CashPoints on all other spends including UPI spends; capped at 500 CashPoints per month
- Earn 2,000 CashPoints every quarter on spending ₹75,000 per quarter (excludes Rent & Petrol)
- Maximum 15,000 CashPoints per statement cycle; expires after 2 years
Welcome Benefits
Starting off with a new card should feel rewarding. HDFC Bank offers a simple welco...
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Welcome Benefits Starting off with a new card should feel rewarding. HDFC Bank offers a simple welco...
Welcome Benefits
Starting off with a new card should feel rewarding. HDFC Bank offers a simple welcome benefit for new Biz First cardholders. When you make your first transaction within the first 37 days of card issuance, you receive a gift voucher worth Rs. 250. You can redeem this voucher on popular consumer brands like Swiggy and Amazon.
For example, if you receive your card and use it to buy a Rs. 100 coffee on your linked UPI app within the first week, you instantly qualify for the Rs. 250 voucher. This effectively cuts your Rs. 500 joining fee in half right from the start.
Reward Points Structure
The core earning mechanism of the HDFC Biz First Credit Card revolves around CashPoints. The earning rate varies depending on where you swipe or tap your card. You earn up to 3% CashPoints on EMI spends, making large equipment or office purchases more rewarding. You earn up to 2% CashPoints on Electronics, Utilities, SmartPay, and PayZapp transactions.
For all other retail spends, including UPI payments, you earn 1% CashPoints. It is important to note the real monetary value here. One CashPoint equals Rs. 0.15. So, if you spend Rs. 10,000 on an office utility bill, you earn 200 CashPoints. When you convert those 200 points at Rs. 0.15 each, you get Rs. 30 in actual value. All earned CashPoints remain valid for exactly two years from the date of accumulation.
Milestone Bonus Benefits
To encourage regular usage, the bank includes a quarterly milestone bonus. If you achieve retail spends of Rs. 75,000 in a single quarter, you earn a bonus of 2,000 CashPoints. Hitting this target requires an average monthly spend of Rs. 25,000.
Let us look at the math. If you spend exactly Rs. 75,000 on base 1% categories in a quarter, you earn 750 regular CashPoints plus 2,000 bonus CashPoints. That is 2,750 points total. At Rs. 0.15 per point, your total value is Rs. 412.50 for that quarter. This bonus significantly boosts your overall return rate.
Business Insurance Perks
Understanding that this is a business-focused product, HDFC provides an option to secure business insurance. Cardholders can choose from four distinct Business Insurance Plans based on their specific preference and enterprise needs. These packages start at an annual premium of Rs. 3,785.
This is not a free benefit, but rather an accessible add-on facility. It saves business owners the hassle of sourcing separate insurance vendors, allowing them to conveniently charge the premium directly to their new credit line.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You need to complete at least one transaction using your new card within 37 days of card issuance to qualify for the welcome voucher.
Is there a minimum transaction amount required?
Any standard purchase of Rs. 100 or more within the initial 37-day window activates the welcome reward.
What brands can I choose for my welcome voucher?
You can redeem your Rs. 250 welcome voucher on top brands including Swiggy, Amazon, and several others available in the bank's fulfillment catalog.
When will I receive the voucher?
The voucher is sent to your registered email ID or mobile number within 30 to 90 days after the qualifying transaction is successfully posted to your account.
What is the standard reward rate on this card?
You earn 1% CashPoints on regular spends, 2% on utilities and electronics, and 3% on EMI spends. Each point is worth Rs. 0.15.
How many CashPoints do I earn on a Rs. 5,000 UPI payment?
UPI payments earn 1% CashPoints. For a Rs. 5,000 spend, you will receive 50 CashPoints. At Rs. 0.15 per point, this equals a value of Rs. 7.50.
Do I get extra points for buying a laptop on EMI?
Yes, EMI spends earn up to 3% CashPoints. A Rs. 40,000 laptop bought on EMI would generate 1,200 CashPoints, valued at Rs. 180.
Are my CashPoints valid forever?
No, your CashPoints are valid for 2 years from the date they are credited to your account. They will expire if not used within this timeframe.
Do I earn points when paying my office rent?
No, rent payments are strictly excluded from earning any CashPoints on this card.
Do wallet recharges give me CashPoints?
No, loading money into prepaid wallets or gift cards does not earn any reward points.
What is the value of 1,000 CashPoints in rupees?
Since 1 CashPoint equals Rs. 0.15, a balance of 1,000 CashPoints is worth Rs. 150 when redeemed.
Can I earn rewards on fuel purchases?
No, fuel transactions are entirely excluded from the reward program and will yield zero CashPoints.
What is the quarterly spending target for the bonus?
You must spend Rs. 75,000 or more within a calendar quarter to qualify for the milestone bonus.
How many bonus points do I get for hitting the target?
You receive a flat 2,000 Bonus CashPoints upon reaching the Rs. 75,000 quarterly spend threshold.
What is the monetary value of the quarterly bonus?
At the conversion rate of Rs. 0.15 per point, the 2,000 bonus CashPoints give you an exact value of Rs. 300.
Do rent payments count toward the Rs. 75,000 milestone?
Rent payments, fuel purchases, and wallet loads are excluded from milestone calculations; only standard retail and utility spends count toward the Rs. 75,000 goal.
Is business insurance free with this card?
No, the business insurance is a paid optional benefit. You can choose a plan that suits you, with annual premiums starting at Rs. 3,785.
How many insurance plans are available to choose from?
The bank offers a choice of four distinct business insurance plans tailored to different business needs.
Am I forced to buy an insurance plan when I get the card?
No, the business insurance package is completely optional. You only pay the premium if you actively choose to enroll in one of the plans.
Does the insurance premium earn reward points?
Insurance premiums earn 1% CashPoints as they are processed under the standard retail spending category.
Milestone Benefits
80000 reward points(Worth ~ ₹20,000)
Spend ₹75,000 in 90 days
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 CashPoint = ₹0.15
Redemption Options
- SmartBuy – Flights & Hotels
- Product Catalogue
- Business Catalogue
- Cashback
To check redemption catalogue
Earning points is only half the journey; redeeming them properly dictates your actual savings. The HDFC...
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Earning points is only half the journey; redeeming them properly dictates your actual savings. The HDFC...
Earning points is only half the journey; redeeming them properly dictates your actual savings. The HDFC Biz First Credit Card uses a dedicated reward portal called SmartBuy. Your CashPoints accumulate in your account and remain valid for two years. Before they expire, you need to convert them into tangible benefits.
You have multiple redemption options. You can use SmartBuy to book flights and hotels, browse the Product Catalogue, or select items from the specific Business Catalogue. You can also redeem points for statement cashback, vouchers, or air miles. Remember the math: 1 CashPoint equals Rs. 0.15. If you have 10,000 CashPoints, your redemption value is Rs. 1,500.
To initiate a redemption, log into your net banking or mobile app, navigate to the cards section, and click on "Redeem Reward Points." This will redirect you to the SmartBuy portal where you can add vouchers or products to your cart. Note that the bank charges a reward redemption handling fee of Rs. 99 plus GST every time you place a redemption request.
View FAQ
Commonly Asked Questions
How do I redeem my CashPoints?
Log into HDFC NetBanking, go to the Credit Cards tab, select "Redeem Reward Points," and browse the SmartBuy catalog to choose your reward.
What can I redeem my CashPoints for?
You can redeem points for flight and hotel bookings via SmartBuy, products from the Business/Product catalog, brand vouchers, air miles, or direct statement cashback.
What is the rupee value of my points during redemption?
Every 1 CashPoint you redeem gives you Rs. 0.15 in value, regardless of whether you choose vouchers or cashback.
Is there a fee to redeem my rewards?
Yes, the bank applies a reward redemption handling fee of Rs. 99 plus GST per redemption request.
Do I lose points if I don't redeem them fast enough?
Yes, CashPoints are valid for 2 years. Any points not redeemed within 24 months of earning them will automatically expire and vanish from your account.
Can I use my points to pay my credit card bill directly?
Yes, you can select the statement cashback option to adjust the Rs. 0.15 per point value against your outstanding monthly bill.
How many points do I need before my first redemption?
You must reach a minimum balance of 2,500 CashPoints before you can initiate a redemption request through the SmartBuy portal.
How long does it take for a voucher to arrive after redemption?
E-vouchers are delivered to your registered email address and mobile number instantly or within 24 hours of a successful redemption request.
Gift card - Key Terms
Once you apply, we will start tracking your application
Generally takes 2-72 hrs
Once the bank confirms us of your successful card activation, we will process your rewards
Generally takes 7-75 days
You can then withdraw your rewards via Amazon Pay Balance/Flipkart gift cards
Generally takes 7-75 days
Note: If you currently hold or have ever held an HDFC Credit Card, you are not eligible for CashKaro Rewards.
Rewards Related
- If you currently hold or have ever held an HDFC Credit Card, you are not eligible for Gift Card
- A minimum transaction of Rs.100 within 30 days is mandatory to activate your card; otherwise, you wont be eligible for the Rewards
- Please use Aadhaar linked mobile number to fill the application
- If the distance between your residence and office addresses is 150 km or more, please ensure that your residence is selected as the mailing address. Applications not adhering to this will be rejected
- VKYC done over 50km from your Aadhaar/communication address will result in application rejection and loss of Rewards
Also, Remember
- Resume your application only via Great.Cards to avoid losing Rewards
- If your Rewards do not track, raise a Missing Rewards Ticket within 30 Days from the application date
- Rewards can only be redeemed as Amazon Pay Balance and Flipkart Gift Card
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel Spends
Rent Payments
Education Transactions
Wallet/ Gift /Prepaid Card loads & Voucher Purchase Transactions
For Spends Waiver
Fuel Spends
Rent Payments
Education Transactions
Wallet/ Gift /Prepaid Card loads & Voucher Purchase Transactions
Every credit card has rules about what transactions do not earn rewards, and the Biz First card is stri...
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Every credit card has rules about what transactions do not earn rewards, and the Biz First card is stri...
Every credit card has rules about what transactions do not earn rewards, and the Biz First card is strict on exclusions. Spending money in these categories will not yield a single CashPoint. The bank explicitly excludes Fuel Spends, Rent Payments, Education Transactions, Wallet/Gift/Prepaid Card loads, and Voucher Purchase Transactions.
The impact of these exclusions is significant if you plan your expenses poorly. For example, if you pay Rs. 30,000 for your office rent using this card, you earn zero points. Even worse, you will be hit with a Rs. 199 rent payment surcharge. If you top up your PayTM or Amazon Pay wallet with Rs. 10,000, you again earn zero points. Always use this card for valid retail, electronics, and utility purchases to ensure you actually accumulate rewards.
View FAQ
Commonly Asked Questions
Which transactions do not earn CashPoints on this card?
You will not earn any points on fuel, rent payments, education fees, wallet top-ups, prepaid card loads, or gift voucher purchases.
Are fuel transactions excluded from earning rewards?
Yes, fuel transactions are completely excluded from the reward program. Furthermore, this card offers no fuel surcharge waiver.
Does paying rent with this card earn reward points?
No, rent payments earn zero rewards. Additionally, the bank will charge you a Rs. 199 plus GST processing fee for the transaction.
Do wallet top-ups earn rewards on this card?
No, loading funds into digital wallets like PayTM, Amazon Pay, or Mobikwik is an excluded category and yields zero CashPoints.
Are education or school fee payments excluded from earning rewards?
Yes, the bank explicitly excludes education-related transactions from the rewards program. You will not earn points for paying school or college fees.
What happens if I buy an Amazon gift card with this credit card?
Voucher and gift card purchases are excluded from rewards. Your transaction will process normally, but your point balance will not increase.
Do I get points for buying flight tickets directly from an airline?
Airlines fall under standard retail spends, so you should earn the base 1% CashPoints unless booked via specific excluded merchant gateways.
Will a transaction in an excluded category count toward my annual fee waiver?
Rent payments and wallet loads are excluded from both reward generation and milestone calculations; only retail spends contribute toward the Rs. 50,000 waiver target.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 3.50% |
APR Fees Finance charges of 3.75% per month (45.0% per annum) apply on unpaid outstanding balances until the amount is fully repaid. | 3.75% |
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable). | 2.50% |
Reward Redemption Fees A reward redemption handling fee of ₹99 plus applicable GST is charged per redemption request. | ₹99 |
Link for all T&Cs | Click Here |
Railway Surcharge A surcharge of 1% is applied to transactions made for booking railway tickets. | 1% |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees ₹25 for cheque value up to ₹5,000 and ₹50 for cheque value above ₹5,000. | ₹25 |
Cash Payment Fees ₹100 cash payment fee per deposit. | ₹100 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹100 | ₹0 |
| ₹101 - ₹500 | ₹100 |
| ₹501 - ₹1,000 | ₹500 |
| ₹1,001 - ₹5000 | ₹600 |
| ₹5001 - ₹10,000 | ₹750 |
| ₹10,001 - ₹25,000 | ₹900 |
| ₹25,001 - ₹50,000 | ₹1100 |
| ₹50,001 and above | ₹1300 |
Understanding the fees attached to your credit card protects you from unexpected statement shocks. The ...
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Understanding the fees attached to your credit card protects you from unexpected statement shocks. The ...
Understanding the fees attached to your credit card protects you from unexpected statement shocks. The HDFC Biz First Credit Card has a highly specific fee structure that you must navigate carefully. Below, we break down every charge you might encounter, followed by a summary table.
Joining Fee: A one-time joining fee is charged at the time of card issuance as per the bank's policy. The fee is exactly Rs. 500 plus GST. While it cannot be waived upfront, earning the Rs. 250 welcome voucher helps soften the blow.
Annual or Renewal Fee: From your second year, the bank applies a renewal fee of Rs. 500 plus GST. However, the annual fee is waived if you spend Rs. 50,000 or more in a year on your card. For example, if you spend Rs. 5,000 every month on office supplies, your total annual spend hits Rs. 60,000, meaning your Rs. 500 fee is completely zeroed out.
APR or Interest Rate: Finance charges of exactly 3.75% per month (which equals 45% per annum) are levied if the Total Amount Due is not paid in full by the due date. Interest is calculated on all outstanding retail balances and cash advances from the date of the transaction. For instance, if you leave a balance of Rs. 10,000 unpaid, you will accrue roughly Rs. 375 in interest in just one month, plus additional taxes.
Late Payment Charges: If you miss your minimum due payment, the bank applies a penalty slab based on your balance. The fee is Rs. 0 for balances under Rs. 500. It rises to Rs. 400 for balances up to Rs. 1,000; Rs. 750 for balances up to Rs. 10,000; Rs. 950 up to Rs. 25,000; Rs. 1,100 up to Rs. 50,000; and Rs. 1,300 for balances over Rs. 50,000. If you owe Rs. 5,000 and miss the date, you will immediately face a Rs. 750 penalty.
Foreign Transaction or Forex Markup Fee: A 1.99% Forex Markup is charged on all transactions made in currencies other than INR. This applies when you shop on international websites or swipe your card abroad at physical stores. If you buy software billed in US Dollars equivalent to Rs. 10,000, the bank will charge an extra Rs. 199 as a markup fee.
ATM Cash Withdrawal Fee: 2.5% of the withdrawn amount is charged on cash advances using the credit card, with a minimum fee of Rs. 500. If you withdraw Rs. 10,000 from an ATM, 2.5% is Rs. 250, but since the minimum applies, you will be charged a flat Rs. 500 fee immediately, plus daily interest.
Rent Payment Convenience Fee: A surcharge fee of Rs. 199 plus GST applies on rental transactions made using the credit card. If you use an app to pay your Rs. 25,000 office rent, the bank will add Rs. 199 to your statement, and you will earn zero reward points for the transaction.
Railway Surcharge: A standard surcharge of 1.8% of the transaction value is applied to all railway ticket bookings and cancellations. This card offers no surcharge waiver, so expect these fees to appear on your statement for all train travel transactions.
Cash Payment Fee: Rs. 250 plus GST is charged for cash payments made at bank branches. If you walk into a branch and hand the teller Rs. 5,000 in physical cash to clear your credit card bill, a Rs. 250 fee will be deducted from your payment.
Cheque Payment Fee: Rs. 200 is charged for cheque payments made at bank branches. If you drop a cheque into the branch drop-box to pay your bill, the bank will add a Rs. 200 fee to your next statement.
Reward Redemption Fee: A reward redemption handling fee of Rs. 99 plus applicable GST is charged per redemption request. If you redeem points for a Rs. 500 voucher, the Rs. 99 fee practically eats up 20% of your reward value, making small redemptions highly inefficient.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 500 + GST |
| Annual Fee | Rs. 500 + GST (Waived on Rs. 50,000 spend) |
| Interest Rate (APR) | 3.75% per month (45% annually) |
| Late Payment Fee | Rs. 0 to Rs. 1,300 based on balance |
| Forex Markup Fee | 1.99% of transaction value |
| Cash Withdrawal Fee | 2.5% (Minimum Rs. 500) |
| Rent Payment Fee | Rs. 199 + GST |
| Railway Surcharge | 1.8% of transaction value |
| Branch Cash Payment | Rs. 250 + GST |
| Branch Cheque Payment | Rs. 200 |
| Reward Redemption | Rs. 99 + GST |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The bank charges a one-time joining fee of Rs. 500 plus applicable taxes when you first get the card.
What is the annual or renewal fee?
The annual renewal fee is Rs. 500 plus taxes, charged every year starting from your second year.
Is there an annual fee waiver based on spending?
Yes, the Rs. 500 annual fee is waived if you successfully spend Rs. 50,000 or more during the previous 12 months.
What is the interest rate (APR) if I don't pay my full balance?
The card carries a steep interest rate of 3.75% per month, which calculates to 45% annually on unpaid balances.
What are the late payment charges for a Rs. 15,000 balance?
For an outstanding balance falling in the Rs. 10,001 to Rs. 25,000 slab, the late payment penalty is exactly Rs. 950.
What is the forex markup for international transactions?
You will be charged a 1.99% markup fee on any transaction made in a foreign currency.
What are the cash withdrawal charges and limits?
Withdrawing cash incurs a massive fee of 2.5% of the amount withdrawn, with a mandatory minimum charge of Rs. 500.
Are there fees for paying rent with this card?
Yes, the bank imposes a flat surcharge of Rs. 199 plus GST every time you use the card to pay rent.
Is there a fee for paying my bill in cash at the branch?
Yes, if you pay your credit card bill over the counter using physical cash, the bank charges a Rs. 250 fee.
What are the charges for cheque payment of bills?
Dropping a physical cheque at a branch to clear your card bill results in a Rs. 200 processing fee.
Is there a fee to redeem my reward points?
Yes, every time you convert your points into vouchers or cashback, a Rs. 99 redemption handling fee is applied.
Does this card waive IRCTC railway surcharges?
No, a 1.8% surcharge applies to all railway transactions, and this card offers no waivers to offset them.
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
View FAQ
Commonly Asked Questions
What is the main income document required?
You must provide your latest Income Tax Return (ITR) computing an annual income of more than Rs. 6 Lakhs.
Is a PAN card mandatory for the application?
Yes, a valid PAN card is legally required for all credit card applications in India.
Can I use my Aadhaar card for both ID and address proof?
Yes, an Aadhaar card serves as valid proof of both your identity and your current residential address.
Do I need to submit physical copies of my documents?
No, if you apply online and complete Video KYC, you only need to show your physical PAN card on camera. No physical document pickup is needed.
What if my current address is different from my Aadhaar address?
You will need to provide an alternative valid address proof, such as a recent electricity bill or rental agreement, for your current residence.
Do I need to provide business registration proof?
While your ITR is the primary document, the bank may ask for your GST certificate or business license to verify your self-employed status.
Who Should Get This Card?
The Freelancer / Solo Consultant: If you run a small operation and need a dedicated line of credit to pay for your software subscriptions, internet bills, and the occasional electronic gadget on EMI, this card fits the bill perfectly. The 2% on utilities and 3% on EMIs reward exactly how you spend.
The UPI Enthusiast: If you are tired of cluttering your savings account statement with Rs. 50 tea and Rs. 200 stationery purchases, getting this RuPay card allows you to push all vendor UPI payments to a single monthly credit card bill.
Who Should NOT Get This Card: If you love traveling, dining out, or want maximum cashback on Amazon and Flipkart, look away. With zero lounge access, zero dining multipliers, and a weak Rs. 0.15 point value, lifestyle spenders will find this card incredibly disappointing.
Credit Limit and What to Expect
Since the eligibility demands an ITR of at least Rs. 6 Lakhs, applicants can expect a decent starting credit limit tailored to support small business purchases. While the exact limit is determined by your CRIF score and existing debts, the bank provides sufficient room to handle utility payments and mid-sized electronics bought on EMI.
It is best practice to keep your credit utilization ratio below 30%. If your limit is Rs. 1,00,000, try not to carry a statement balance of more than Rs. 30,000 to maintain your high 750+ credit score.
View FAQ
Commonly Asked Questions
How does the bank decide my credit limit?
Your limit is based on your Rs. 6 Lakh+ ITR, your CRIF score, your existing credit cards, and your repayment history.
What starting limit can I expect with a 6 LPA income?
An annual income of 6 LPA generally qualifies you for a starting credit limit between Rs. 50,000 and Rs. 1,50,000.
Can I increase my credit limit later?
Yes, after 6 to 12 months of timely payments, you can request a limit enhancement by submitting your latest, higher ITR documents.
Does using the card on UPI reduce my available limit?
Yes, every UPI payment you make using the RuPay credit card deducts directly from your total available credit limit.
What happens if I spend more than my assigned limit?
The transaction may be declined, or if approved, you will be hit with steep over-limit penalty fees. Always track your available balance.
Can I transfer funds from my card limit to a bank account?
Transferring funds directly to a bank account is treated as a cash advance or rent payment, both of which attract heavy surcharges and immediate interest.
How to Apply?
Applying for the HDFC Biz First Credit Card is a fully digital process. You can start by visiting the official HDFC Bank website or authorized partner platforms. You will need to enter your mobile number and PAN details to generate a preliminary offer. If you meet the income and credit score requirements, you can proceed to fill in your business and personal details.
The final step involves Video KYC. You must have your original physical PAN card handy, be in a well-lit room, and have a strong internet connection. The bank agent will capture your photo and verify your identity in real-time. Once the Video KYC is successful, your application moves to the final approval stage.
View FAQ
Commonly Asked Questions
Can I apply for this card online?
Yes, you can easily apply online through the bank's website or trusted financial aggregator portals without visiting a branch.
What is Video KYC and is it mandatory?
Video KYC is a digital verification process over a video call with a bank agent. It is mandatory for completing online applications without physical paperwork.
What documents do I need during the Video KYC call?
You must hold your original physical PAN card and a blank piece of paper with a blue or black pen for a live signature capture.
How long does the approval process take?
After a successful Video KYC and document submission, the bank usually takes 7 to 10 working days to process and approve your application.
Can I track my application status?
Yes, you will receive an Application Reference Number via SMS, which you can use on the bank's tracking portal to check your real-time status.
What happens if my Video KYC fails due to network issues?
If your call drops, you can usually use the same tracking link to initiate a new Video KYC session or opt for physical biometric verification at a branch.
That’s the full story of this credit card
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Top Benefits
Apply and get ₹1100 Rewards
Top Benefits
Get 2000 CashPoints
on quarterly retail spends of ₹75,000 and above
Get Up To 20% Savings
on restaurant bill payments via Swiggy Dineout using the Swiggy app at 20,000+ restaurants
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