HDFC
HDFC Biz Grow Credit Card
This is an invite only card
Apply and get ₹1100 Rewards
Top Benefits
Earn 2 CashPoints on every ₹150 spent
on all eligible business spends, capped at 15,000 CashPoints per statement cycle with 1 CashPoint worth up to ₹0.25
Earn 10X Cash Points
on bill payments, IT payments and GST payments subject to minimum ₹10,000 statement cycle spends and a maximum of 1,500 Cash Points per cycle
Best For
Shopping
Dining
Travel
Utility Bills
The HDFC Biz Grow Credit Card is a highly practical financial tool built specifically for self-employed...
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The HDFC Biz Grow Credit Card is a highly practical financial tool built specifically for self-employed...
The HDFC Biz Grow Credit Card is a highly practical financial tool built specifically for self-employed professionals, freelancers, and small business owners in India. If you regularly spend money on business software, travel, or client dinners, this card provides clear value without carrying a heavy price tag. Instead of charging massive fees, it comes with a highly affordable Rs. 500 annual cost while delivering targeted business perks.
What makes this card stand out is its focus on actual business needs. You get immediate access to deep discounts on essential software like Tally, AWS, and Google Workspace through SmartBuy Biz Deals. Plus, the card includes a complimentary business insurance package covering fire, burglary, and electronic equipment. If you want a basic, low-cost credit card that actively reduces your everyday operational costs, this is a strong choice to keep in your wallet.
View FAQ
Commonly Asked Questions
Is the HDFC Biz Grow Credit Card lifetime free?
No, the card carries a joining fee of Rs. 500 and a renewal fee of Rs. 500. However, you can get the annual fee waived if you meet the yearly spending requirements set by the bank.
Who should apply for this credit card?
This card is perfect for freelancers, independent consultants, and small business owners. If you frequently purchase business software or book travel for work, the targeted discounts will save you plenty of money.
Is this a good first card for a new business owner?
Yes, it is an excellent starter card. The low income requirement of Rs. 6 Lakhs annually for self-employed applicants and the minimal Rs. 500 fee make it highly accessible for growing businesses.
What makes the HDFC Biz Grow card different from regular cards?
Unlike standard shopping cards, this one offers a dedicated business insurance package covering cash in transit, fire, and hospital cash. It also provides up to 40% off on enterprise software, which regular personal cards do not offer.
Expert Review
As a credit card analyst, I appreciate when a bank builds a product that actually does what it claims. The HDFC Biz Grow Credit Card is a fantastic utility tool for small business owners. I love that it offers genuine business protections, like the Rs. 3,785 value insurance package, which saves retail owners the hassle of buying standalone fire and burglary policies. The 40% discount on massive enterprise tools like AWS and Google Workspace is brilliant and easily justifies the low Rs. 500 annual fee.
However, the card does have a glaring weakness: its base reward rate. Earning 2 Cash Points per Rs. 150 spent, with each point worth only Rs. 0.25, yields a return rate of just 0.33%. That is extremely low by modern standards. You really have to depend on the 10x accelerated categories to see any meaningful point accumulation. Ultimately, if you are a freelancer or a shop owner who needs software discounts and cheap insurance, get this card immediately. If you just want high cashback on regular expenses, you will be disappointed and should look elsewhere.
Joining / Annual Fee
Joining Fees
₹590 ( ₹500 + GST )
Annual Fees
₹590 ( ₹500 + GST )
Keeping operational costs low is crucial for any business, and this card supports that goal. The initia...
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Keeping operational costs low is crucial for any business, and this card supports that goal. The initia...
Keeping operational costs low is crucial for any business, and this card supports that goal. The initial joining fee for the HDFC Biz Grow Credit Card is a modest Rs. 500 plus applicable taxes. There is no direct fee offset mentioned for the joining fee, but the Rs. 250 welcome voucher helps absorb half of this cost right out of the gate.
From the second year onward, a renewal or annual fee of Rs. 500 applies. However, the bank makes it extremely easy to get this fee completely waived. The annual fee is waived if you spend Rs. 2 Lakh or more in a year on your card. For a business owner paying for software, client dinners, and travel, hitting Rs. 2 Lakhs annually means spending just under Rs. 16,667 per month, which is highly achievable. Additionally, the bank notes that for highly active users, the fee might be nullified even at a Rs. 1 Lakh spend threshold based on internal bank policies, making the card virtually free for productive users.
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The one-time joining fee is Rs. 500 plus applicable GST. This is billed in your first statement.
Can the joining fee be waived?
There is no stated waiver for the joining fee, though completing one transaction within 37 days earns you a Rs. 250 welcome voucher to help offset the cost.
What is the annual or renewal fee?
From the second year onwards, an annual fee of Rs. 500 plus GST is charged to your account.
Is there an annual fee waiver option?
Yes, the annual fee is waived if you spend Rs. 2 Lakh or more in a year on your card, as per standard bank policy.
What is the spending requirement for the annual fee waiver?
The official target is Rs. 2 Lakh annually. If you break that down, spending roughly Rs. 16,667 per month on business expenses secures your waiver easily.
Is there a lower waiver threshold for active users?
Yes, according to bank policy, highly active users who meet a Rs. 1 Lakh spend threshold may also see their renewal fee effectively nullified.
What happens if I don't meet the fee waiver spending requirement?
If your yearly spends fall below the waiver threshold, the full Rs. 500 annual fee plus GST will be charged to your card on your anniversary month.
How can I get this card lifetime free?
While the standard fee is Rs. 500, HDFC frequently issues this card as lifetime free during targeted promotional campaigns or for customers with strong existing banking relationships.
Eligibility
Age
Criteria*
21-60 years
Salary
Criteria*
4LPA
Credit
Rating*
720+
New to credit
allowed
Yes
Existing Bank
Customer Allowed
No
The bank has structured the eligibility rules for the HDFC Biz Grow Credit Card to be quite welcoming, ...
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The bank has structured the eligibility rules for the HDFC Biz Grow Credit Card to be quite welcoming, ...
The bank has structured the eligibility rules for the HDFC Biz Grow Credit Card to be quite welcoming, particularly for the business community. To apply, the primary cardholder must be at least 21 years of age. For salaried individuals, the maximum age limit is 60 years, while self-employed applicants get an extended age limit up to 65 years. This flexibility recognizes that business owners often work well past standard retirement ages.
Income requirements are split based on your employment type. If you are a salaried employee, you need to show a minimum monthly income of Rs. 50,000 (which translates to roughly Rs. 4 Lakhs per year). For self-employed individuals, freelancers, and business owners, the bank requires an annual Income Tax Return (ITR) showing at least Rs. 6 Lakhs per year. A healthy credit score is also mandatory. Salaried folks need a minimum CRIF/CIBIL score of 720, whereas self-employed applicants need a slightly higher score of 750 to secure smooth approval.
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 be eligible for the HDFC Biz Grow Credit Card.
What is the maximum age limit for the primary cardholder?
For salaried individuals, the upper age limit is 60 years. For self-employed applicants, the limit extends up to 65 years.
What is the minimum salary required for salaried applicants?
Salaried individuals need a minimum monthly income of Rs. 50,000. That means an annual salary package of at least Rs. 4 Lakhs is required to qualify.
What is the minimum annual income for self-employed applicants?
Self-employed professionals and business owners must demonstrate an annual income of at least Rs. 6 Lakhs through their recent ITR filings.
Can self-employed individuals apply for this card?
Absolutely. The card is specifically designed for both salaried and self-employed individuals, with strong benefits tailored toward the business sector.
What credit score (CIBIL/CRIF) is needed for approval?
Salaried applicants need a minimum CRIF score of 720. Self-employed applicants face a slightly stricter requirement and need a score of 750 or above.
Will my application be rejected if my credit score is below the requirement?
Yes, applying with a score below 720 (or 750 for business owners) highly increases the chances of rejection, as these are the bank's stated minimum thresholds.
Can I get add-on cards for family members?
You can obtain up to 3 add-on cards for your immediate family members (spouse, parents, or children) who are over 18 years of age.
All Card Benefits
- Earn 2 CashPoints on every ₹150 spent; 1 CashPoint = up to ₹0.25; capped at 15,000 CashPoints per statement cycle
- Earn 10X CashPoints on Bill payments (Payzapp & SmartPay), Income Tax/Advance Tax, GST payments, hotel & flight bookings via MMT MyBiz, business productivity tools (Tally, Office 365, AWS, Google, Azure etc.) via SmartBuy BizDeals, DMart & Cleartax; applicable on minimum spends of ₹10,000 in a statement cycle; capped at 1,500 CashPoints per statement cycle
- Earn 2,000 CashPoints on ₹1,00,000 quarterly spends
- Assured cashback up to ₹1,800 in the first year and e-vouchers worth up to ₹800 on adding 2 or more bills on SmartPay
- Maximum earning capped at 15,000 CashPoints per statement cycle
- Get Up to 50% booking payable via CashPoints for travel bookings
Welcome Benefits
Starting a new credit card journey should feel rewarding, and HDFC ensures you get ...
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Welcome Benefits Starting a new credit card journey should feel rewarding, and HDFC ensures you get ...
Welcome Benefits
Starting a new credit card journey should feel rewarding, and HDFC ensures you get immediate value. When you receive your HDFC Biz Grow Credit Card, you get a welcome gift voucher worth Rs. 250, redeemable on top brands. To secure this benefit, you just need to make a single transaction within the first 37 days of card issuance. For example, if you receive your card on the 1st of the month, simply use it to pay a Rs. 500 internet bill before the 7th of the following month, and your Rs. 250 voucher will be credited to your account.
Reward Points Structure
The core of this card revolves around Cash Points. For every Rs. 150 you spend on regular business expenses, you earn 2 Cash Points. The real magic happens when you use the accelerated earn rate. On select business spends, you get 10 times the normal points, provided you spend a minimum of Rs. 10,000 per month in those categories. This accelerated category is capped at 1,500 Cash Points per month.
Each Cash Point is worth Rs. 0.25. So, if you spend Rs. 15,000 on regular expenses, you earn 200 Cash Points (worth Rs. 50). But if you spend Rs. 11,250 in the 10x accelerated categories, you hit the 1,500 point cap, which translates to a clean Rs. 375 in value. Furthermore, the card offers a quarterly milestone benefit. If you spend Rs. 1 Lakh in a calendar quarter, you receive a bonus of 2,000 Cash Points (worth Rs. 500).
Business and Software Deals
Running a modern business requires software, and this card actively reduces those costs. Through the SmartBuy Biz Deals platform, you get up to 40% discount on business software purchases. This covers critical enterprise tools like Tally, Microsoft Office 365, Amazon Web Services (AWS), and Google Workspace. For instance, if you usually pay Rs. 15,000 a year for your team's Google Workspace accounts, a 40% discount saves you Rs. 6,000 instantly, paying for the card's annual fee 12 times over.
Dining and Travel Perks
Client meetings over lunch are a regular part of business. This card grants you up to a 20% discount on restaurant bills when paid via Swiggy Dineout. Furthermore, when you travel for work, booking through the MMT MyBiz platform gets you a 3% discount on domestic flights and up to 4% off on hotel stays. If you book a Rs. 5,000 domestic flight for a client site visit, that is a quick Rs. 150 saved directly at checkout.
Business Insurance Coverage
A highly unique feature of this card is the included business insurance package, which holds an annual premium value of Rs. 3,785. The cover includes fire and burglary protection up to Rs. 5 Lakhs, protection for electronic equipment up to Rs. 50,000, and cash in safe or transit coverage up to Rs. 25,000. It also provides a hospital cash benefit for illness or accidents of up to Rs. 1,000 per day. This gives immense peace of mind to retail shop owners and office managers without requiring them to buy separate, expensive policies.
Fuel Surcharge Waiver
While the card does not give you reward points at the petrol pump, it does save you from extra bank fees. You get a 1% fuel surcharge waiver across all fuel stations in India. This applies to fuel transactions between Rs. 400 and Rs. 5,000. The maximum waiver you can claim in a single billing cycle is Rs. 250. If you spend Rs. 3,000 on petrol during a business trip, you save the Rs. 30 surcharge automatically.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You simply need to make at least one transaction using your new card within the first 37 days of card issuance. Additionally, the bank requires a minimum transaction of Rs. 100 within 30 days to fully activate the card for all rewards.
What is the exact value of the welcome benefit?
The welcome benefit consists of a gift voucher worth Rs. 250. You can redeem this voucher on a selection of top brands provided by the bank.
Is there a minimum spend required to get the welcome voucher?
Yes, you must spend at least Rs. 100 within 30 days to activate your card rewards and ensure you meet the general transaction rules for the voucher.
When will I receive my welcome voucher?
Once you complete your qualifying transaction within the 37-day window, the bank will process and send your Rs. 250 gift voucher to your registered email or mobile number within 90 days.
What is the standard reward rate on this card?
You earn 2 Cash Points for every Rs. 150 spent on regular eligible business transactions. Since each point equals Rs. 0.25, this gives you an effective base return rate of roughly 0.33%.
How do the accelerated 10x reward points work?
You earn 10x Cash Points on specific business spends, but you must spend a minimum of Rs. 10,000 in a month to trigger this. The maximum bonus you can earn is capped at 1,500 points per month.
What is the rupee value of 1 Cash Point?
Each Cash Point holds a redemption value of Rs. 0.25. Therefore, if you accumulate 4,000 points over the year, you have Rs. 1,000 ready to redeem.
Do I get extra points for spending heavily?
Yes, the card features a milestone bonus. Every quarter you cross Rs. 1 Lakh in total spending, you automatically receive a bonus of 2,000 Cash Points, adding Rs. 500 in value to your account.
Do I earn points on fuel purchases?
No, fuel purchases are strictly excluded from earning any Cash Points. However, you do receive a surcharge waiver on eligible fuel transactions.
Do I earn points when paying my office rent?
No, rent payments are completely excluded from the reward program. You will not earn any Cash Points, and you will be charged a 1% processing fee on the rent amount.
Are wallet top-ups eligible for rewards?
Loading money into digital wallets does not generate any Cash Points on this card. It is treated as an excluded transaction.
Can I earn points on EMI conversions?
No, transactions converted into EMIs do not earn any base or accelerated Cash Points.
How do I redeem these Cash Points?
Log into your NetBanking dashboard or the MyCards portal to convert your points against your statement or buy catalogue items at the rate of 1 CP = Rs. 0.25.
Which software brands are included in the discount offer?
You get discounts on major platforms including Tally, Office 365, AWS, and Google Workspace when purchased through the SmartBuy Biz Deals portal.
What is the maximum discount I can get on software?
The card offers up to a 40% discount on these purchases. For example, a Rs. 10,000 AWS bill could see savings up to Rs. 4,000 depending on the current portal offer.
How do I access these business discounts?
You must route your purchases through the dedicated SmartBuy Biz Deals portal using your HDFC Biz Grow Credit Card to apply the discounts.
Can I get discounts on business travel too?
Yes, booking via MMT MyBiz powered by SmartBuy gives you up to 4% off on hotel bookings and up to 3% off on domestic and international flights.
How much discount do I get on dining?
You receive up to a 20% discount on restaurant bills when you use Swiggy Dineout and pay with your card. For a Rs. 3,000 client dinner, that means saving up to Rs. 600.
Are there any airport lounge access benefits?
No, this particular card does not offer any complimentary airport or railway lounge access benefits.
What flight discounts do I get?
You get up to a 3% discount on both domestic and international flights when booking via the MMT MyBiz platform using this card.
Does the card offer free movie tickets?
No, there are no movie or entertainment benefits attached to this credit card.
What is the value of the insurance package?
The complimentary business insurance package carries an estimated annual premium value of Rs. 3,785.
How much fire and burglary cover do I get?
The policy provides fire and burglary coverage up to Rs. 5 Lakhs, which is highly beneficial for small retail setups or stockrooms.
Does the insurance cover my office laptops?
Yes, the insurance package includes coverage for electronic equipment up to Rs. 50,000.
Is there any health benefit included?
Yes, the insurance includes a hospital cash benefit of up to Rs. 1,000 per day in case of hospitalization due to illness or accidents.
What is the minimum spend for the fuel surcharge waiver?
You must spend at least Rs. 400 at the fuel pump in a single swipe to qualify for the 1% surcharge waiver.
Is there a maximum transaction limit for the waiver?
Yes, the waiver only applies to fuel transactions up to Rs. 5,000. Swipes above this amount will attract the standard surcharge.
What is the maximum waiver I can get per month?
You can get a maximum surcharge waiver of Rs. 250 per statement cycle. To max this out, you would need to spend Rs. 25,000 on eligible fuel purchases in a month.
Does this apply to specific petrol pump brands?
No, the surcharge waiver is valid at all fuel stations across the country, regardless of the brand.
Milestone Benefits
8000 reward points(Worth ~ ₹2,000)
Spend ₹1,00,000 in 90 days
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Cash Point = ₹0.25
Redemption Options
- Cashback
- Flights/Hotels (SmartBuy)
- Product Catalogue
- Business Catalogue
To check redemption catalogue
Once you start spending on software, travel, and regular expenses, your Cash Points will accumulate qui...
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Once you start spending on software, travel, and regular expenses, your Cash Points will accumulate qui...
Once you start spending on software, travel, and regular expenses, your Cash Points will accumulate quickly. Every Cash Point you earn is valued at Rs. 0.25. If you hit your quarterly milestone of Rs. 1 Lakh, you get a quick 2,000 points. To convert these points into actual value, you need to access the bank's rewards portal. You do not have to worry about redemption charges, as the bank explicitly states that no fee is charged when redeeming reward points on this card. For example, if you have saved up 10,000 Cash Points, you can redeem them for Rs. 2,500 worth of value without paying a single rupee in processing fees.
View FAQ
Commonly Asked Questions
How do I redeem the reward points I have earned?
Visit the HDFC NetBanking site or use the HDFC MyCards application to navigate to the rewards section and select your preferred redemption method.
What is the value I get when I redeem reward points?
Every Cash Point equals Rs. 0.25. For instance, if you decide to redeem 8,000 points, you get Rs. 2,000 in value.
Is there a fee for redeeming my rewards?
No fee is charged when redeeming reward points on this card. You keep 100% of the value you earned.
What can I redeem my reward points for?
Points are redeemable for statement credit (cashback), hotel/flight bookings via SmartBuy, or brand vouchers from the rewards catalogue.
Is there a minimum points balance needed before I can redeem?
You must accumulate a minimum of 2,500 Cash Points before you can initiate a redemption.
Do my reward points expire?
Cash Points remain valid for 2 years from the date they were earned, after which they expire.
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
Rent Payment
Fuel Spends
Insurance Payments
EMI Spends
ATM Cash Withdrawals
Jewellery Purchases
Education Spends
Government-related Transactions
Wallet transactions
Load Money
Bank Charges & Fees
All Reversals
Gambling Transactions
Toll Payments
Security Broker Services
Charity
Railways
Balance Transfer
Financial Charges
For Spends Waiver
Rent Payment
Fuel Spends
Insurance Payments
EMI Spends
ATM Cash Withdrawals
Jewellery Purchases
Education Spends
Government-related Transactions
Wallet transactions
Load Money
Bank Charges & Fees
All Reversals
Gambling Transactions
Toll Payments
Security Broker Services
Charity
Railways
Balance Transfer
Financial Charges
To avoid frustration, you must know where this card will not earn you points. The bank has a strict lis...
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To avoid frustration, you must know where this card will not earn you points. The bank has a strict lis...
To avoid frustration, you must know where this card will not earn you points. The bank has a strict list of exclusion categories. You will earn zero Cash Points on rent payments, fuel spends, insurance payments, EMI spends, and ATM cash withdrawals. Furthermore, buying jewellery, paying for education, government-related transactions, wallet load money, toll payments, charity, and railway bookings are fully excluded. If you pay a Rs. 20,000 education fee for a business certification, you will not get the expected 266 points. It is processed as a normal transaction, but the reward yield is zero. Additionally, remember that the accelerated 10x points category strictly caps your bonus earnings at 1,500 points per month, so heavy spending beyond Rs. 11,250 in those specific categories will revert to standard earning rates.
View FAQ
Commonly Asked Questions
Which transactions do not earn rewards on this card?
Transactions for rent, fuel, insurance, EMIs, ATM cash, jewellery, education, government services, wallets, tolls, charity, and railways are fully excluded from earning points.
Are fuel transactions excluded from earning rewards?
Yes, fuel spends do not earn any Cash Points. However, eligible fuel transactions between Rs. 400 and Rs. 5,000 do receive a 1% surcharge waiver.
Does paying rent with this card earn reward points?
No, rent payments are explicitly excluded from the rewards program. You will earn zero points, and a 1% rent payment fee will be added to your bill.
Are insurance premium payments excluded from rewards?
Yes, insurance premium payments are on the bank's exclusion list and will not generate any Cash Points on your account.
Do wallet top-ups earn rewards on this card?
No, loading money into digital wallets or prepaid payment instruments is excluded from earning any Cash Points.
What happens if I make a payment in an excluded category?
The transaction processes normally, and your vendor gets paid. You simply will not earn any Cash Points for that specific swipe.
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% 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 On IRCTC, the current matrix typically charges 1.0% + applicable taxes for domestic credit cards, international cards ~3.5% + taxes. | 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 Outstation cheque processing charges are ₹25 for cheque value up to ₹5,000 and ₹50 for cheque value above ₹5,000. | ₹25 |
Cash Payment Fees A fee of ₹100 is charged for making credit card payments in cash at HDFC Bank branches or ATMs. | ₹100 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹100 | ₹0 |
| ₹101 - ₹500 | ₹100 |
| ₹501 - ₹1000 | ₹500 |
| ₹1001 - ₹5000 | ₹600 |
| ₹5001 - ₹10000 | ₹750 |
| ₹10001 - ₹25000 | ₹900 |
| ₹25001 - ₹50000 | ₹1100 |
| ₹50000+ | ₹1300 |
Understanding the exact costs associated with your credit card is vital for maintaining a profitable bu...
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Understanding the exact costs associated with your credit card is vital for maintaining a profitable bu...
Understanding the exact costs associated with your credit card is vital for maintaining a profitable business. The HDFC Biz Grow Credit Card keeps standard fees low but applies strict penalties and processing charges if you utilize the card for high-risk or delayed transactions. Here is exactly what you will pay across eleven key fee categories.
The Joining Fee is Rs. 500 plus GST. This is a one-time charge applied to your first statement. While there is no direct waiver, making just one transaction in 37 days gives you a Rs. 250 voucher, cutting the effective cost in half.
The Annual or Renewal Fee is Rs. 500 plus GST, billed from the second year onward. The annual fee is waived if you spend Rs. 2 Lakh or more in a year on your card, as per bank policy. For example, spending just Rs. 17,000 a month easily crosses this threshold, making the card totally free to hold.
The APR (Annual Percentage Rate) or Interest Rate is 3.60% monthly. The card offers an interest-free payment period of up to 55 days, but failing to clear your full bill triggers this charge. For example, if you roll over an unpaid balance of Rs. 10,000, the bank will charge you Rs. 360 in interest for that single month, accumulating rapidly over time.
Late Payment Charges are tiered based on your outstanding amount. The slabs are: Rs. 0 for balances up to Rs. 100; Rs. 100 for Rs. 101 to Rs. 500; Rs. 500 for Rs. 501 to Rs. 5,000; Rs. 600 for Rs. 5,001 to Rs. 10,000; Rs. 800 for Rs. 10,001 to Rs. 25,000; Rs. 1,100 for Rs. 25,001 to Rs. 50,000; and Rs. 1,300 for amounts above Rs. 50,000. If you miss a payment on a Rs. 3,000 bill, you will face a flat Rs. 500 late penalty.
The Forex Markup Fee is 2%. This applies to all international POS payments and online purchases charged in a foreign currency. If you buy a software subscription billed at USD 100 (roughly Rs. 8,300), the 2% markup adds Rs. 166 directly to your transaction cost.
The ATM Cash Withdrawal Fee is 2.5% of the withdrawn amount, subject to a minimum charge of Rs. 500. If you use your credit card to withdraw Rs. 10,000 in an emergency, 2.5% is Rs. 250, so the bank will enforce the higher Rs. 500 minimum charge immediately.
The Rent Payment Convenience Fee is 1% of the transaction amount. If you try to pay a Rs. 20,000 office rent bill through a third-party platform using this card, the bank will levy a Rs. 200 processing fee on top of any platform charges, making it a very expensive way to pay rent.
The Railway Surcharge applies as prescribed by IRCTC or Indian Railways. Surcharge on booking or cancelling railway tickets will be levied based on their applicable charges. For a Rs. 2,000 train ticket, expect to see the standard payment gateway surcharge added to your final bill without any waiver from the bank.
The Cash Payment Fee is Rs. 100. A Rs. 100 fee is levied for card-related services including cash processing. If you walk into an HDFC branch to deposit physical cash to clear your Rs. 5,000 credit card bill, the teller will add a Rs. 100 processing charge to your account.
The Cheque Payment Fee is Rs. 100. A fee of Rs. 100 is charged for payments made through cheque. To avoid this unnecessary penalty on your bill, always clear your dues via net banking, UPI, or NEFT instead of dropping a physical cheque.
The Reward Redemption Fee is Not Applicable. No fee is charged when redeeming reward points on this card. If you convert 4,000 Cash Points into Rs. 1,000 statement credit, you get the full Rs. 1,000 without the bank skimming a Rs. 99 processing fee off the top.
| Fee Category | Amount / Rate |
|---|---|
| Joining Fee | Rs. 500 |
| Annual / Renewal Fee | Rs. 500 (Waived on Rs. 2 Lakh spend) |
| Interest Rate (APR) | 3.60% per month |
| Late Payment Charges | Rs. 0 to Rs. 1,300 based on balance |
| Forex Markup | 2% on international transactions |
| Cash Withdrawal Fee | 2.5% (Minimum Rs. 500) |
| Rent Payment Fee | 1% of transaction amount |
| Railway Surcharge | As prescribed by IRCTC |
| Cash Payment Fee | Rs. 100 |
| Cheque Payment Fee | Rs. 100 |
| Reward Redemption Fee | Nil |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The joining fee is Rs. 500 plus applicable taxes, billed to your very first statement.
What is the annual or renewal fee?
The card carries a Rs. 500 annual renewal fee starting from the second year of card membership.
Is there an annual fee waiver based on spending?
Yes, the annual fee is waived if you spend Rs. 2 Lakh or more in a year on your card. Achieving this requires roughly Rs. 16,667 in monthly business expenses.
What is the interest rate (APR) if I don't pay my full balance?
The bank charges a 3.60% monthly interest fee on outstanding balances. This high rate highlights the importance of paying your full bill within the 20 to 55 day grace period.
How is the interest calculated on outstanding balances?
If you fail to make payment in due time, interest begins accruing daily. For instance, a Rs. 10,000 unpaid balance will attract approximately Rs. 360 in interest over a single month.
What are the late payment charges?
Late fees range from Rs. 0 for tiny balances up to Rs. 1,300 for balances over Rs. 50,000.
Is the late payment fee different based on outstanding amount?
Yes, the penalty operates on a slab system. A Rs. 3,000 debt incurs a Rs. 500 fee, while a Rs. 15,000 debt incurs an Rs. 800 fee.
What is the forex markup for international transactions?
The card charges a 2% forex markup. If you pay a foreign vendor Rs. 50,000 equivalent, the bank adds a Rs. 1,000 markup fee to your bill.
What are the cash withdrawal charges and limits?
Withdrawing cash incurs a 2.5% fee on the withdrawn amount, with a minimum charge of Rs. 500. This makes ATM withdrawals expensive.
Are there fees for paying rent with this card?
Yes, a 1% fee is applied to all rent payments. A Rs. 15,000 rent transfer will cost you an extra Rs. 150 in processing charges.
Is there a fee for paying my bill in cash?
Yes, walking into a branch to pay your credit card bill with physical cash attracts a flat Rs. 100 cash processing fee.
What are the charges for cheque payment of bills?
Dropping a cheque to clear your dues results in a Rs. 100 processing fee being added to your next statement.
Are there charges for railway ticket bookings?
Yes, railway bookings attract the standard surcharge as prescribed by IRCTC, with no special waivers from the bank.
Is there a fee to redeem my reward points?
No fee is charged when redeeming reward points on this card, allowing you to extract 100% of their Rs. 0.25 value.
What happens if I spend more than my credit limit?
HDFC charges an over-limit fee of 2.5% of the over-limit amount, subject to a minimum of Rs. 500.
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.
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Commonly Asked Questions
What identity documents do I need to apply?
You will need a clear copy of your PAN card and your Aadhaar card for basic identity and address verification.
What income proof is required for salaried applicants?
Salaried individuals must provide their last 2-3 months of salary slips showing a minimum income of Rs. 50,000 per month, along with recent bank statements.
What documents do self-employed applicants need?
Self-employed professionals must submit their latest Income Tax Return (ITR) documents proving an annual income of at least Rs. 6 Lakhs, plus computation of income.
Do I need to submit physical copies of my documents?
If you choose the Video KYC route, you only need to show your original physical PAN card on camera. Physical document submission is usually not required.
Is proof of business required?
For self-employed folks, the bank might request basic business registration proofs like a GST certificate, MSME certificate, or Trade License alongside the ITR.
Can I use a passport as address proof?
Yes, a valid passport, voter ID, or driving license are widely accepted as valid address proofs if you do not wish to use Aadhaar offline XML.
Who Should Get This Card?
If you run a small agency, work as an independent IT consultant, or manage a retail shop, this card is tailored specifically for you. The Rs. 500 fee is virtually unnoticeable when compared to the 40% software discounts and the Rs. 3,785 value of the free business insurance. It takes the friction out of buying enterprise tools and offers a solid 10x reward boost on specific business categories.
Conversely, if you are a salaried employee looking for a card to maximize savings on Flipkart shopping, Netflix subscriptions, or weekend movie tickets, do not apply for this card. You will find its business-heavy rewards useless, and the lack of entertainment perks frustrating. Stick to dedicated lifestyle or cashback cards instead.
Credit Limit and What to Expect
Your credit limit is not a fixed number; it is customized based on your financial health. When evaluating your application, the bank looks closely at your Rs. 50,000 monthly salary or Rs. 6 Lakh annual ITR. They also factor in your CRIF score of 720 to 750. Existing liabilities, like home loans or car loans, will be subtracted from your income capacity to determine a safe credit limit. If you use the card responsibly and pay bills on time, you can expect limit enhancement offers within 6 to 12 months.
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Commonly Asked Questions
What is the maximum credit limit I can get?
Credit limits vary from Rs. 50,000 to over Rs. 5 Lakhs, determined by your declared income, credit score, and existing debt profile.
How is my initial credit limit decided?
Your limit is calculated using your Rs. 6 Lakh annual income (or Rs. 50,000 monthly salary), alongside your 720-750 CRIF score and repayment history.
Can I request a higher credit limit later?
Yes, after maintaining a good repayment record for a few months, you can submit updated income documents to the bank to request a limit increase.
Will checking my credit limit impact my credit score?
No, checking your assigned limit inside the banking app does not impact your score. Only the initial hard inquiry during application affects your CIBIL/CRIF.
What happens if I spend more than my credit limit?
Transactions exceeding your limit will either be declined or incur an over-limit fee of 2.5% of the over-limit amount (minimum Rs. 500).
Is there a separate limit for cash withdrawals?
Yes, credit cards usually have a specific cash advance limit which is a sub-section of your total credit limit. Cash withdrawals also incur a 2.5% fee.
How to Apply?
Applying for the card is a fast, digital-first process. You can apply directly through the official bank portal or trusted financial aggregators. Ensure you have your Aadhaar-linked mobile number active to receive OTPs during the application. After filling in your basic personal and income details, the system will evaluate your profile against the bank's criteria. The final step usually involves Video KYC, which lets you bypass physical document pickup entirely.
View FAQ
Commonly Asked Questions
Where can I apply for this credit card?
You can apply online via the official bank website or through authorized third-party financial platforms.
Do I need to visit a branch to complete the application?
No, the entire application process, including document submission and identity verification, can be completed digitally from your home or office.
What is Video KYC and is it mandatory?
Video KYC is a fast video call with a bank agent to verify your original PAN card. It is highly recommended as it speeds up approval and removes the need for physical paperwork.
What do I need for a successful Video KYC call?
Keep your original physical PAN card handy, ensure a stable internet connection, sit in a well-lit room, and have a blank piece of paper with a pen ready for a live signature.
How long does the approval process take?
Once Video KYC is successful and documents are verified, the physical card reaches your registered address within 7 to 10 working days post-approval.
What happens if my Video KYC fails?
If the video call drops or fails, a bank executive will reach out to schedule a physical document pickup at your registered address.
That’s the full story of this credit card
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Top Benefits
Apply and get ₹1100 Rewards
Top Benefits
Earn 2 CashPoints on every ₹150 spent
on all eligible business spends, capped at 15,000 CashPoints per statement cycle with 1 CashPoint worth up to ₹0.25
Earn 10X Cash Points
on bill payments, IT payments and GST payments subject to minimum ₹10,000 statement cycle spends and a maximum of 1,500 Cash Points per cycle
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