HDFC
HDFC Business Moneyback Credit card
This is an invite only card
Apply and get ₹2000 Rewards
Top Benefits
Earn 5% Cashback On Business Essential Spends
on telecom, utility, government and tax payments, capped at ₹250 per statement cycle on minimum spends of ₹10,000
Save 1.6% On Fuel Spends
capped at ₹1,000 per statement cycle
Best For
Fuel
Shopping
Online Food Ordering
Dining
The HDFC Business Moneyback credit card is a practical, everyday spending tool designed specifically ...
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The HDFC Business Moneyback credit card is a practical, everyday spending tool designed specifically ...
The HDFC Business Moneyback credit card is a practical, everyday spending tool designed specifically for self-employed professionals and business owners. The standout feature of this card is its 10X CashPoints system, giving you a strong 3.3% value back on major platforms like Amazon, Flipkart, Swiggy, Reliance Smart SuperStore, and BigBasket. Instead of juggling multiple cards for your daily online purchases and business supplies, you can consolidate your spending here and watch the rewards pile up.
This card directly targets the modern Indian business owner who frequently uses digital payments. By offering a RuPay variant, it allows you to link your credit card directly to UPI apps. This means you earn reward points even when scanning QR codes at local vendors or paying suppliers via UPI. If you run a small business or work as a freelancer, earning points on small daily UPI transactions adds significant value over a year.
Compared to premium business cards that charge massive annual fees for travel perks you might never use, the HDFC Business Moneyback credit card keeps things grounded. At a nominal joining fee of Rs. 500, it focuses on delivering real savings on everyday business and personal expenses. You get solid baseline rewards, dining discounts, and quarterly milestone benefits, making it an excellent primary card for cost-conscious entrepreneurs.
View FAQ
Commonly Asked Questions
Is the HDFC Business Moneyback credit card lifetime free?
No, it comes with an annual fee of Rs. 500. However, the bank waives this fee if you spend Rs. 50,000 or more during your anniversary year.
Is this a good credit card for business owners?
Yes, it is highly suitable for self-employed individuals. You earn 10X CashPoints on major e-commerce platforms and get rewarded for everyday UPI transactions, which fits a business owner's daily digital spending profile perfectly.
Can I use this card for UPI payments?
Yes, if you choose the RuPay variant, you can link the card to your favorite UPI apps. You will earn 2 reward points for every Rs. 150 spent via UPI on eligible categories.
Who should apply for this card?
This card is best for self-employed professionals, freelancers, and small business owners aged 21 to 65 who want to earn rewards on basic online shopping and daily UPI payments without paying a high annual fee.
Expert Review
In my experience analyzing dozens of business credit cards, the HDFC Business Moneyback holds a unique, highly practical spot. What I love about this card is its sheer honesty. It does not pretend to be a luxurious, lounge-hopping premium card. Instead, it focuses on what a small business owner or freelancer actually does every day: ordering supplies on Amazon, buying office groceries on BigBasket, and scanning QR codes via UPI. Offering 10X points on those core merchants translates to an impressive 3.3% return, which is excellent for a card that only costs Rs. 500 a year.
However, the card is not without flaws. My biggest criticism is the harsh monthly capping on the 10X categories. Being capped at 2,500 points per month means once you spend just Rs. 7,500 on platforms like Amazon or Swiggy, your accelerated earning stops completely. For a growing business, Rs. 7,500 is a very low ceiling. Furthermore, excluding EMI conversions from the reward program is a notable drawback, as business owners frequently use EMIs for large equipment purchases.
Overall, if you are a young entrepreneur, freelancer, or shop owner looking for a low-cost card to separate business and personal expenses while earning decent rewards on UPI and online shopping, this is a fantastic starter choice. If your monthly business spends exceed Rs. 50,000, you will quickly outgrow this card and should look toward HDFC's more premium business offerings.
Joining / Annual Fee
Joining Fees
₹590 ( ₹500 + GST )
Annual Fees
₹590 ( ₹500 + GST )
Keeping costs low is essential for any business, and the HDFC Business Moneyback card excels here. Th...
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Keeping costs low is essential for any business, and the HDFC Business Moneyback card excels here. Th...
Keeping costs low is essential for any business, and the HDFC Business Moneyback card excels here. The card carries a very modest joining fee of Rs. 500 plus applicable taxes. While this joining fee is not directly offset by a fee reversal or statement credit, the bank does issue 500 CashPoints upon realization of this fee, easing the initial cost burden.
From the second year onward, a recurring annual renewal fee of Rs. 500 plus GST applies. However, HDFC Bank provides a highly achievable path to make this card virtually free. The annual fee is entirely waived if you spend Rs. 50,000 or more during your 12-month card anniversary year.
To put this Rs. 50,000 target in perspective, it breaks down to spending just Rs. 4,167 per month. Whether you use the card for paying internet bills, buying office stationery on Amazon, or scanning UPI codes for daily tea and snacks, reaching this milestone is effortless for an active user. If you hit this target, your Rs. 500 fee is zeroed out for the next year.
View FAQ
Commonly Asked Questions
What is the exact joining fee for this card?
The one-time joining fee is Rs. 500 plus applicable GST. This fee is billed in your first credit card statement.
Can the Rs. 500 joining fee be waived?
No, the joining fee is not offset by any bonus or credit waiver. However, you do receive 500 CashPoints upon payment of the membership fee as a welcome gesture.
What is the annual renewal fee?
From your second year of membership, the bank charges an annual renewal fee of Rs. 500 plus GST.
How can I get the annual fee waived?
The annual fee is automatically waived if you spend Rs. 50,000 or more on your credit card within the 12-month period preceding your renewal date.
Are UPI transactions counted toward the fee waiver milestone?
Yes, everyday eligible spends, including RuPay UPI transactions, count toward your Rs. 50,000 annual spending requirement for the fee waiver.
What happens if I only spend Rs. 40,000 in a year?
If you fall short of the Rs. 50,000 milestone, the bank will charge the full Rs. 500 annual fee plus GST to your account on your anniversary date.
Does the fee waiver depend on the calendar year or anniversary year?
The fee waiver calculation is based on your card anniversary year. For example, if you get the card in June, your tracking period runs from June to the following May.
Is there any way to get this card lifetime free without spending?
HDFC frequently offers lifetime free versions of this card during festive seasons or for customers maintaining a high-value current account relationship.
Are EMI transactions counted for the annual fee waiver?
HDFC calculates the principal amount of the EMI purchase toward your milestone, while the interest and processing fees are excluded from the total.
Eligibility
Age
Criteria*
21-65 years
Salary
Criteria*
6LPA
Credit
Rating*
720+
New to credit
allowed
No
Existing Bank
Customer Allowed
No
HDFC Bank has structured the eligibility criteria for the Business Moneyback card to be highly access...
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HDFC Bank has structured the eligibility criteria for the Business Moneyback card to be highly access...
HDFC Bank has structured the eligibility criteria for the Business Moneyback card to be highly accessible, particularly for its target audience of business owners. The primary age requirement is incredibly straightforward: applicants must be at least 21 years old. The upper age limit varies based on your employment type. For self-employed individuals, the bank is quite flexible, allowing applicants up to 65 years of age. However, salaried applicants face a strict upper age limit of 31 years, indicating the card is heavily tilted toward young professionals or business owners of any age.
Income requirements are identical across employment types but calculated differently. If you are salaried, you need a minimum monthly income of Rs. 50,000, which translates to an annual package of Rs. 6 Lakhs. If you are self-employed, you must demonstrate a steady annual income of at least Rs. 6 Lakhs, typically verified through your recent Income Tax Returns (ITR). For example, a freelance graphic designer showing an ITR of Rs. 7.5 Lakhs easily meets this threshold.
Credit score requirements also vary by profile. For self-employed applicants, a minimum CRIF/CIBIL score of 720 is mandatory. This ensures that the business owner has a demonstrated history of responsible credit behavior. Salaried applicants are approved even with no prior credit history, provided their income documents are strong, though maintaining a score above 750 is universally recommended for smooth approvals.
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 Business Moneyback credit card.
What is the maximum age limit for a self-employed applicant?
Self-employed professionals and business owners can apply for this card up to the age of 65 years.
What is the maximum age limit for a salaried applicant?
For salaried individuals, the bank has set a strict maximum age limit of 31 years at the time of application.
What is the minimum salary required for this card?
Salaried applicants need a minimum monthly income of Rs. 50,000 to qualify. That translates to an annual salary of Rs. 6 Lakhs.
What is the income requirement for business owners?
Self-employed applicants must show an annual income of at least Rs. 6 Lakhs. The bank verifies this using your latest Income Tax Returns.
What credit score is needed for a self-employed applicant?
If you are self-employed, you must have a minimum CRIF or CIBIL score of 720 to pass the basic eligibility checks for approval.
Can a freelancer apply for this credit card?
Yes, freelancers fall under the self-employed category. As long as you are between 21 and 65 years old and file an ITR showing at least Rs. 6 Lakhs annually, you are eligible.
Will my application be rejected if I have no credit history?
For self-employed applicants, a score of 720 is required, meaning a credit history is necessary. Salaried applicants are approved with no history if they meet the Rs. 50,000 monthly income criteria.
Can NRIs apply for the Business Moneyback card?
NRIs can apply for this card by providing proof of a business establishment in India and a valid NRO/NRE account linked to their business income.
All Card Benefits
- Earn 5% cashback on business essential spends including telecom, utility, government and tax payments
- Save 1.6% on fuel spends, capped at ₹1,000 per statement cycle
- Earn 1% additional savings on all online purchases
- 2,500 bonus Reward Points on annual spends of ₹1.8 lakh
- Flat 10% extra off on dining bills at 35,000+ partner restaurants
Welcome Benefits
Getting started with this card brings an immediate return on your initial investm...
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Welcome Benefits Getting started with this card brings an immediate return on your initial investm...
Welcome Benefits
Getting started with this card brings an immediate return on your initial investment. When you pay the membership fee, HDFC Bank welcomes you with 500 CashPoints. Since the joining fee is Rs. 500, this bonus point injection acts as a nice balancing feature right from your first statement cycle.
For example, if you pay the Rs. 500 joining fee in your first month, the 500 CashPoints hit your account shortly after. You can later redeem these points for flight bookings at a value of Rs. 0.25 per point, which translates to Rs. 125 in real travel value, or use them for other catalogue options.
Reward Points Structure
The reward engine of the HDFC Business Moneyback credit card is where the real value lies. The headliner is the 10X CashPoints feature. You earn accelerated points on popular platforms including Amazon, Flipkart, Swiggy, Reliance Smart SuperStore, and BigBasket. This 10X rate yields an impressive 3.3% value back on your spending.
To put this into perspective, let us say you spend Rs. 10,000 a month on Amazon for office supplies and BigBasket for groceries. Because of the 10X multiplier, you stack up points rapidly. The bank caps the 10X CashPoints at 2,500 points per calendar month. To hit this exact cap, you would need to spend roughly Rs. 7,500 on these specific 10X categories. Earning 2,500 points translates to Rs. 500 in standard reward value (at Rs. 0.20 per point).
If you opt for the RuPay network variant, your daily UPI spending becomes highly rewarding. You earn 2 Reward Points for every Rs. 150 spent through UPI. This is fantastic for scanning QR codes at local stores or paying vendors. The UPI rewards are capped at 500 points per month. For example, if you make Rs. 15,000 in eligible UPI payments over the month, you will earn 200 Reward Points. Hitting the 500-point cap requires exactly Rs. 37,500 in UPI spends.
Additionally, the card features a quarterly spending milestone. If your total purchases cross Rs. 50,000 in a calendar quarter, HDFC rewards you with a Rs. 500 gift voucher. Over a full year, you can maximize this to collect Rs. 2,000 in gift vouchers, pushing your overall savings rate even higher.
Dining and Food Delivery Perks
Whether you are ordering lunch to the office or taking clients out for dinner, this card has built-in dining advantages. You get a flat 10% discount on Swiggy Dineout when you use the promo code HDFCCARDS. This makes eating at partner restaurants significantly cheaper.
The dining benefit provides a flat Rs. 200 discount per transaction provided your minimum order value is Rs. 2,000. You can use this benefit twice per month per user. For example, if your dinner bill comes to Rs. 2,500, applying the discount drops it to Rs. 2,300 instantly. If you maximize this twice a month, you save Rs. 400 monthly, easily recovering almost your entire annual fee in just four weeks.
Travel and Flight Benefits
While this is not a dedicated travel credit card, it offers excellent flexibility for booking flights. Through the HDFC SmartBuy portal, your CashPoints hold a higher redemption value. When used for flight bookings, 1 CashPoint equals up to Rs. 0.25.
For example, if you have accumulated 10,000 CashPoints from your business expenses over a few months, you can redeem them for Rs. 2,500 off a flight ticket. The bank allows you to pay up to 50% of the total booking value using points. There is a generous monthly redemption cap of 50,000 CashPoints, which translates to a massive Rs. 12,500 potential discount on a single month's travel bookings.
Fuel Surcharge Waiver
If you drive frequently for meetings or supply runs, fuel costs can add up. This card provides a 1% fuel surcharge waiver to help offset the transaction fees at petrol pumps. The waiver applies to transactions between Rs. 400 and Rs. 5,000 across all fuel stations in India.
For instance, if you fill up your car with Rs. 3,000 worth of petrol, the standard 1% surcharge of Rs. 30 is waived. You can save a maximum of Rs. 250 per statement cycle. To hit this exact cap, you would need to spend Rs. 25,000 on fuel in a single month.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You qualify for the welcome bonus of 500 CashPoints simply by paying the Rs. 500 membership fee. Ensure your account is active and the first statement bill containing the joining fee is paid on time.
What is the exact value of the welcome benefit?
The card offers 500 CashPoints as a welcome perk. If you redeem these points for flights via SmartBuy, where 1 point equals Rs. 0.25, your welcome bonus holds a practical value of Rs. 125.
When will the CashPoints reflect in my account?
The 500 CashPoints are credited to your reward balance in the statement cycle immediately following the realization of your membership fee payment.
Do I get welcome points every year upon renewal?
The 500 CashPoints bonus is specifically a welcome benefit tied to the initial membership fee. The bank offers 500 CashPoints as a renewal benefit each year when you pay the annual fee, effectively mirroring the welcome benefit.
Are there spending requirements to unlock the welcome benefit?
No specific large spending milestone is required for the welcome points, but the bank requires a minimum transaction of Rs. 100 within 30 days of issuance to activate the card and remain eligible for rewards.
What is the value of 1 CashPoint in rupees?
For standard catalog redemptions and statement balance adjustments, 1 CashPoint is valued at Rs. 0.20. For flight bookings via SmartBuy, the value increases up to Rs. 0.25 per point.
How much do I earn on Amazon and Flipkart?
You earn 10X CashPoints on Amazon, Flipkart, Swiggy, Reliance Smart SuperStore, and BigBasket. This calculates to a strong 3.3% value back on your purchases at these specific merchants.
Is there a limit to how many 10X points I can earn?
Yes, the bank caps your 10X accelerated earnings at 2,500 CashPoints per calendar month. Once you hit this cap, further spending on those platforms will earn points at the base rate.
Do I earn points on UPI payments?
Yes, if you hold the RuPay variant, you earn 2 Reward Points for every Rs. 150 spent via UPI. This excludes fuel, wallet loads, and voucher purchases.
What is the maximum UPI reward I can earn monthly?
You can earn a maximum of 500 Reward Points per month specifically from UPI transactions. At Rs. 0.20 per point, this gives you Rs. 100 in value every month just for using UPI.
How do I get the quarterly Rs. 500 gift voucher?
You need to spend Rs. 50,000 or more in a single calendar quarter on your card. Once you cross this milestone, the bank will issue your Rs. 500 gift voucher.
Which transactions do not earn any reward points?
You will not earn any points on rent payments, education spends, wallet loads, EMI transactions, fuel purchases, and government-related transactions.
Do EMI conversions earn standard reward points?
No, transactions converted into EMIs are strictly excluded from earning any CashPoints on this credit card.
If I spend Rs. 20,000 on Reliance Smart, how many points do I get?
Reliance Smart is a 10X category. However, since the maximum 10X points you can earn in a month is 2,500, your earnings will be capped at 2,500 points for that portion of the spend, with any remainder earning the base rate.
Can I earn points when paying my electricity bill?
Utility bills generally earn standard reward points, but government-run electricity and water boards are excluded from the rewards program.
How do I get the Swiggy Dineout discount?
Open the Swiggy app, navigate to the Dineout section, and apply the promo code HDFCCARDS before making the payment with your HDFC Business Moneyback credit card.
What is the maximum dining discount I can get?
You receive a flat Rs. 200 discount per transaction when you spend a minimum of Rs. 2,000. This is available twice per month per user.
Does ordering food delivery on Swiggy give extra points?
Yes, regular food delivery orders on Swiggy qualify for the 10X CashPoints category, giving you an accelerated 3.3% value back on your meals.
Are there any specific restaurant exclusions?
The 10% discount applies to all restaurants partnered with Swiggy Dineout that accept the promo code. Always check the app for active restaurant participation before dining.
Does this card offer complimentary airport lounge access?
No, the HDFC Business Moneyback credit card does not offer any complimentary airport or railway lounge access benefits.
How do I use my points for flight bookings?
You need to log into the HDFC SmartBuy portal, search for your desired flights, and select the option to pay with reward points at the checkout page.
Can I pay for an entire flight using just my points?
No, you can redeem points to cover a maximum of 50% of the total flight booking value. The remaining balance must be paid using your credit card.
Is there a limit on how many points I can use for travel?
Yes, there is a monthly redemption cap of 50,000 CashPoints for flight bookings. At Rs. 0.25 per point, this allows a maximum discount of Rs. 12,500 per month.
What is the minimum fuel purchase required for the waiver?
Your fuel transaction must be at least Rs. 400 to qualify for the 1% surcharge waiver. Swipes below this amount will incur the standard surcharge.
What is the maximum fuel transaction amount that qualifies?
The waiver is applicable on fuel purchases up to Rs. 5,000 per transaction. Amounts exceeding this in a single swipe may not receive the waiver.
How much can I save on fuel surcharges every month?
You can get a maximum surcharge waiver of Rs. 250 in a single monthly statement cycle, regardless of how much fuel you purchase beyond that limit.
Do I earn reward points on my fuel purchases?
No, fuel spends are explicitly listed in the exclusion category. You will get the surcharge waiver, but no CashPoints will be credited for these transactions.
Milestone Benefits
2500 reward points(Worth ~ ₹500)
Spend ₹1,80,000 in 365 days
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Reward point = ₹0.20
Redemption Options
- Cashback, products, vouchers, and airmiles via HDFC SmartBuy or NetBanking.
- Flight and hotel bookings via HDFC SmartBuy.
To check redemption catalogue
Earning 10X CashPoints is exciting, but knowing how to effectively redeem them is where you secure yo...
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Earning 10X CashPoints is exciting, but knowing how to effectively redeem them is where you secure yo...
Earning 10X CashPoints is exciting, but knowing how to effectively redeem them is where you secure your savings. The HDFC Business Moneyback card requires manual redemption of points; they do not auto-credit as statement cashback. You handle all redemptions through the HDFC net banking portal or the dedicated HDFC SmartBuy platform.
You have a few distinct paths for redemption. The most lucrative route is booking flights via SmartBuy. Here, each CashPoint is valued at up to Rs. 0.25. For example, if you want to book a Rs. 5,000 flight ticket and you have 10,000 points, your points cover Rs. 2,500 (since you are capped at paying 50% of the flight value with points). You pay the remaining Rs. 2,500 with the card.
If you prefer simplicity, you can redeem points for products from the rewards catalogue or adjust them against your statement balance. For these non-flight options, 1 Reward Point equals Rs. 0.20. So, if you decide to cash out 5,000 points against your outstanding bill, the bank will credit exactly Rs. 1,000 to your credit card account, lowering your payable amount.
Importantly, HDFC Bank charges no fee when redeeming your reward points on this card. What you earn is entirely yours to use without hidden deduction charges.
View FAQ
Commonly Asked Questions
How do I initiate a reward point redemption?
Log into your HDFC net banking account, navigate to the Cards section, click on Enquire, select Redeem Reward Points, and you will be redirected to the redemption portal.
What is the value of my points if I use them for statement credit?
When redeemed as cashback against your statement balance, 1 CashPoint is valued at Rs. 0.20. For example, 1,000 points will give you Rs. 200 off your credit card bill.
Is there a minimum point balance required to redeem?
You must have a minimum balance of 2,500 CashPoints to initiate a cashback or statement credit redemption.
Is there a fee for redeeming my reward points?
No, the bank states that no fee is charged when redeeming reward points on this card. You get the full value of your points.
How long does statement cashback take to reflect?
Once you submit a request to convert points to statement credit, the amount reflects in your credit card account within 2 to 3 working days.
Do my CashPoints ever expire?
Yes, HDFC reward points have a validity period of 2 years from the date of accumulation. Ensure you redeem them before they lapse.
Can I use my points to buy gift vouchers on SmartBuy?
Yes, you can browse the SmartBuy catalogue and exchange your points for gift vouchers from popular retail, dining, and lifestyle brands.
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
Education Spends
Wallet transactions
EMI Spends
Fuel Spends
Government transactions
For Spends Waiver
Rent Payment
Education Spends
Wallet transactions
EMI Spends
Fuel Spends
Government transactions
To maximize your benefits, you must understand exactly where the card will not reward you. HDFC Bank ...
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To maximize your benefits, you must understand exactly where the card will not reward you. HDFC Bank ...
To maximize your benefits, you must understand exactly where the card will not reward you. HDFC Bank has placed strict restrictions on specific spending categories to prevent the gamification of rewards. Knowing these helps you avoid disappointment when you check your monthly statement.
First and foremost, rent payments are completely excluded from earning any CashPoints. If you pay a Rs. 25,000 office rent bill via a third-party app using this card, you will earn zero points. The same rule applies to education spends; paying a Rs. 50,000 school fee for your child yields no rewards. Wallet transactions—such as loading Rs. 5,000 into Paytm or Amazon Pay—are also excluded, preventing users from endlessly cycling money to farm points.
Additionally, fuel purchases are excluded from earning CashPoints, though you do receive the 1% surcharge waiver. Government transactions, such as paying property taxes or challans, will not earn rewards. Finally, if you make a large purchase—say, a Rs. 40,000 laptop—and convert it into an EMI, that transaction is immediately disqualified from earning any reward points.
View FAQ
Commonly Asked Questions
Which transactions do not earn any rewards on this card?
You will not earn any points on rent payments, education spends, wallet load transactions, EMI conversions, fuel spends, and government transactions.
If I pay my child's school fees, do I get 10X points?
No, education spends are explicitly excluded from the reward program. You will not earn any points for school, college, or tuition fee payments.
Do I get rewards when loading my digital wallet?
No, wallet transactions (like adding money to an app wallet) are strictly excluded from earning any CashPoints.
Does paying office rent earn points?
No, rent payments are excluded from reward earning. Furthermore, the bank will charge a 1% convenience fee on the transaction amount for rent payments.
Are fuel transactions completely excluded?
Yes, fuel transactions do not earn any reward points. However, they are eligible for the 1% fuel surcharge waiver up to Rs. 250 per month.
What happens if I buy a phone on EMI? Do I get points?
No. EMI spends are excluded. The moment you convert a purchase into an EMI, it stops being eligible for CashPoints.
Are tax payments considered excluded transactions?
Yes, income tax, property tax, and other municipal payments fall under government transactions, which are completely excluded from the reward structure.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.50% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. Examples (3.50%): | 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 2.50% of the withdrawn amount is charged on cash advances using the credit card, subject to a minimum of ₹500 | 2.50% |
Reward Redemption Fees ₹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.₹10 is charged per transaction for bookings via IRCTC | 1% |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions. Fee capped at ₹3,000 per transaction | 1% |
cheque Payment Fees ₹25 for cheque amounts up to ₹5,000 | ₹25 |
Cash Payment Fees A fee of ₹100 is charged for payments made by depositing cash at HDFC Bank branches or ATMs | ₹100 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0–₹100 | ₹0 |
| ₹101–₹500 | ₹100 |
| ₹501–₹1,000 | ₹500 |
| ₹1,001–₹5,000 | ₹600 |
| ₹5,001–₹10,000 | ₹750 |
| ₹10,001–₹25,000 | ₹900 |
| ₹25,001–₹50,000 | ₹1,100 |
| Above ₹50,000 | ₹1,300 |
Understanding the fee structure of the HDFC Business Moneyback credit card ensures you do not lose yo...
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Understanding the fee structure of the HDFC Business Moneyback credit card ensures you do not lose yo...
Understanding the fee structure of the HDFC Business Moneyback credit card ensures you do not lose your hard-earned reward points to unnecessary penalties. This card is positioned as a low-cost, entry-level business tool, and its fee schedule is straightforward compared to premium corporate cards.
The Joining Fee is Rs. 500 plus GST. This is a one-time charge applied to your first statement. While there is no direct fee waiver or offset mechanism for this amount, HDFC mitigates the sting by crediting 500 CashPoints to your account upon payment. For example, paying the Rs. 500 fee effectively buys you 500 points to jumpstart your rewards journey.
The Annual or Renewal Fee is Rs. 500 plus GST, charged from the second year onwards. However, the bank completely waives this fee if you spend Rs. 50,000 or more in your anniversary year. If you use the card to pay a monthly Rs. 2,000 internet bill and buy Rs. 3,000 of groceries, you will hit Rs. 60,000 annually, ensuring you never pay this renewal fee.
The APR or Interest Rate is 3.75% per month, which calculates to a steep 55% per annum. This applies to unpaid balances and cash advances. For instance, if you carry over a balance of Rs. 10,000 past the due date, the bank will charge you Rs. 375 in interest for that month alone, severely eating into any cashback savings you earned.
Late Payment Charges follow a slab system based on your outstanding balance: Rs. 0 for balances up to Rs. 500; Rs. 500 for balances between Rs. 501 and Rs. 750; Rs. 750 for balances between Rs. 751 and Rs. 1,200; and Rs. 1,200 for anything above Rs. 1,200. If you forget to pay a Rs. 1,000 bill, you will be slapped with a Rs. 750 fine, nearly doubling your debt instantly.
The Foreign Transaction or Forex Markup Fee is 3.5%. This applies when you swipe the card internationally or buy software online in a foreign currency. If you purchase a web domain online for USD 100 (roughly Rs. 8,300), the 3.5% markup will add exactly Rs. 290.5 to your bill as a processing charge.
The ATM Cash Withdrawal Fee is a heavy 2.5% of the withdrawn amount, subject to a strict minimum of Rs. 500. If you use this credit card in an emergency to withdraw Rs. 10,000 from an ATM, the 2.5% fee equals Rs. 250, but because of the minimum rule, you will be charged Rs. 500 immediately. Furthermore, interest begins accruing from day one.
The Rent Payment Convenience Fee is 1% of the transaction amount, subject to GST. Since rent payments are excluded from reward earning on this card, paying rent here is generally a bad idea. For example, paying a Rs. 20,000 shop rent via a third-party app using this card will trigger a Rs. 200 fee, plus platform charges, with zero CashPoints earned in return.
The Railway Surcharge applies as prescribed by IRCTC or Indian Railways. When booking train tickets on the IRCTC website, a payment gateway surcharge is added. This is not waived on the Business Moneyback card, meaning a Rs. 2,000 ticket might cost slightly more depending on the current IRCTC credit card gateway rates.
The Cash Payment Fee is a flat Rs. 175. This penalty applies if you walk into an HDFC branch to pay your credit card bill using physical cash. To avoid this Rs. 175 charge, simply pay your bill online through NEFT, UPI, or the HDFC mobile app.
The Cheque Payment Fee is 2% of the payment amount. This processing fee is charged if you make a payment via cheque at Axis Bank branches or drop boxes. Always opt for direct digital payments to sidestep this 2% drain.
The Reward Redemption Fee is Not Applicable. The bank explicitly states that no fee is charged when redeeming reward points on this card. If you convert 5,000 points into a Rs. 1,000 statement credit, you receive the full Rs. 1,000 without any processing deductions.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 500 (No direct offset, but 500 CP awarded) |
| Annual Fee | Rs. 500 (Waived on Rs. 50,000 annual spend) |
| Interest Rate (APR) | 3.75% per month (55% p.a.) |
| Late Payment Fine | Rs. 0 to Rs. 1,200 based on slab |
| Forex Markup | 3.5% |
| ATM Withdrawal | 2.5% (Minimum Rs. 500) |
| Rent Payment Fee | 1% of transaction amount |
| Railway Surcharge | As prescribed by IRCTC |
| Cash Payment Fee | Rs. 175 at branch |
| Cheque Payment Fee | 2% at designated branches/drop boxes |
| Reward Redemption Fee | Nil |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The card comes with a one-time joining fee of Rs. 500 plus applicable taxes.
What is the annual or renewal fee?
From the second year, the annual renewal fee is Rs. 500 plus applicable taxes.
Is there an annual fee waiver based on spending?
Yes, the annual fee is fully waived if you spend Rs. 50,000 or more in a year on your card, as per bank policy.
How can I get this card lifetime free?
HDFC frequently offers lifetime free versions of this card during festive seasons or for customers maintaining a high-value current account relationship.
What is the interest rate (APR) if I don't pay my full balance?
An interest rate of 3.75% per month, which equals 55% per annum, is charged on unpaid balances.
How is the interest calculated on outstanding balances?
Interest of 3.75% per month is applicable on unpaid balances and cash advances from the date of transaction if the total amount is not paid by the due date.
What are the late payment charges?
Late fees range from Rs. 0 to Rs. 1,200 depending on the outstanding balance size.
Is the late payment fee different based on outstanding amount?
Yes, for balances up to Rs. 500, the fee is Rs. 0. For Rs. 501-750, it is Rs. 500. For Rs. 751-1200, it is Rs. 750. Above Rs. 1200, it is Rs. 1,200.
What is the forex markup for international transactions?
A 3.5% forex markup is charged on transactions made in currencies other than INR, including international POS and online purchases.
Can I withdraw cash using my credit card?
Yes, but a high fee of 2.5% of the withdrawn amount is charged on cash advances.
What are the cash withdrawal charges and limits?
You pay 2.5% of the withdrawn amount, subject to a strict minimum charge of Rs. 500 per transaction.
Are there fees for paying rent with this card?
Yes, 1% of the transaction amount is charged as a processing fee on rent payments.
Is there a fee for paying my bill in cash?
Yes, a fee of Rs. 175 is charged for cash payments made towards the credit card bill at physical bank branches.
What are the charges for cheque payment of bills?
A processing fee of 2% is charged for payments made through cheque at designated branch drop boxes.
Is there a fee to redeem my reward points?
No fee is charged when redeeming reward points on this card, allowing you to enjoy the full value of your points.
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 identity proofs are accepted for the application?
You will need your original PAN card, which is mandatory. For address and identity, Aadhaar card, Passport, Voter ID, or Driving License are acceptable.
What income documents must a self-employed applicant submit?
Business owners and freelancers must submit their latest Income Tax Returns (ITR) showing a minimum annual income of Rs. 6 Lakhs, along with the computation of income.
What income documents does a salaried applicant need?
Salaried individuals must provide their last 2 months' salary slips or their latest Form 16, demonstrating a minimum monthly income of Rs. 50,000.
Is a physical photograph required?
If you apply digitally and complete Video KYC, the agent will capture your live photo. A physical passport-size photograph is only required for offline branch applications.
Do I need to submit proof of business existence?
The bank requires a GST registration certificate, Shop and Establishment Act license, or a Partnership deed to verify the legitimacy of your self-employed status.
Are bank statements required for approval?
Yes, submitting the last 3 to 6 months of your primary savings or current account bank statement helps the bank verify your cash flow and financial stability.
Who Should Get This Card?
The Digital Freelancer
If you are a 25-year-old freelance designer buying software licenses, ordering Swiggy lunches, and upgrading hardware on Amazon, this card is a perfect match. The 10X points cover your exact lifestyle, and your Rs. 6 Lakh ITR clears the eligibility instantly.
The Local Shop Owner
If you run a local hardware store and constantly make Rs. 500 to Rs. 2,000 vendor payments via UPI, the RuPay variant of this card turns those daily costs into reward points. Hitting the Rs. 50,000 annual fee waiver is guaranteed just by keeping your shop stocked.
Who Should NOT Get This Card?
If you are a frequent business traveler looking for free airport lounge access, air miles, and comprehensive travel insurance, skip this card. The HDFC Business Moneyback offers zero lounge access and strict caps on flight booking redemptions. You should look at premium options like the HDFC Business Regalia instead.
Credit Limit and What to Expect
When you are approved for the HDFC Business Moneyback credit card, the bank assigns a credit limit based heavily on your declared income and CRIF/CIBIL score. For a self-employed individual showing an ITR of Rs. 6 Lakhs, you can expect an initial limit that supports basic monthly operational expenses and personal spending.
Since this card acts as a stepping stone for many young business owners, HDFC frequently reviews accounts for limit enhancements. Using your RuPay variant for regular UPI transactions, paying your bill in full every month, and routing your business spends through the card are the fastest ways to trigger an automatic limit increase offer within the first six to twelve months.
View FAQ
Commonly Asked Questions
How is my initial credit limit decided?
The bank determines your limit based on your annual income, existing credit score (minimum 720 for self-employed), and repayment history on any previous loans or cards.
Will I get a high limit since it is a business card?
Initial limits for this card start at Rs. 50,000 and scale upward based on your specific ITR documentation and repayment history.
How can I increase my credit limit?
Pay your full statement balance on time every month, keep your credit utilization ratio below 30%, and update the bank with your latest, higher ITR documents annually.
Can I request a limit increase immediately after getting the card?
No, banks require a minimum of six months of active, responsible usage before entertaining manual requests for a credit limit enhancement.
Does a low credit limit affect my rewards?
Only if it restricts your spending. For instance, to hit the Rs. 50,000 quarterly milestone for the Rs. 500 voucher, you need enough available credit to process those transactions safely.
What happens if I spend over my assigned credit limit?
The bank charges an over-limit fee of 2.5% of the over-limit amount, subject to a minimum of Rs. 550 plus taxes. Transactions exceeding your limit may also be declined.
How to Apply?
Applying for the HDFC Business Moneyback credit card is a fully digital and smooth process. You can start the application directly on the HDFC Bank official website or via trusted partner platforms. First, you will need to fill in your basic details, including your PAN, mobile number, and employment type. If you are self-employed, you will declare your business name and annual income.
After submitting the digital form, the most important step is the Video KYC (Know Your Customer) process. You do not need to visit a branch or wait for a bank representative. You simply get on a secure video call with a bank agent. Keep your original PAN card ready, sit in a well-lit room, and ensure your internet connection is stable. Once Video KYC is successful, your application moves to final underwriting, and the physical card is dispatched to your registered address.
View FAQ
Commonly Asked Questions
Where can I apply for this credit card?
You can apply online through the HDFC Bank official website, through your net banking portal if you are an existing customer, or via secure financial partner platforms.
Do I need to visit an HDFC branch to apply?
No, the entire application process, including identity verification, can be completed online from your home or office.
What is Video KYC?
Video KYC is a digital verification process where a bank official verifies your identity and documents over a live video call, replacing the need for physical paperwork.
What documents must I show during the Video KYC call?
You must have your original physical PAN card in hand. The agent will ask you to show it to the camera to capture a clear image. A blank paper and blue/black pen for a live signature may also be needed.
How long does approval take after applying?
Once your Video KYC is completed successfully, standard application processing takes roughly 7 to 10 working days, subject to credit checks.
Can I track the status of my application online?
Yes, upon submission, you receive an Application Reference Number (ARN) via SMS. You can use this on the bank's tracking portal to check your real-time status.
What happens if my Video KYC gets disconnected?
If the call drops due to internet issues, you will receive a new link via SMS or email to restart or resume the Video KYC process at your convenience.
That’s the full story of this credit card
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Top Benefits
Apply and get ₹2000 Rewards
Top Benefits
Earn 5% Cashback On Business Essential Spends
on telecom, utility, government and tax payments, capped at ₹250 per statement cycle on minimum spends of ₹10,000
Save 1.6% On Fuel Spends
capped at ₹1,000 per statement cycle
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