The HDFC Business Money-Back Credit Card provides you with many different varieties of benefits related to business. Like, cashback on business transactions to increase the reward points a little faster from some partnered stores. With this cashback benefit, a person who is not earning much can easily repay the dues of the card on time by just exchanging the cashback reward points which he/she would have collected on their card. There are many other credit cards for cashback services.
So due to this, the yearly fee waiver feature and expenditure-based rewards benefits. To facilitate fast, contactless payments, convenient and secure payments from any retail store, you can have your HDFC Business Money-Back Credit Card. This way, the card becomes a true pleasure having a card for any person involved in the business. Let’s review the card in detail.
In this article
- With this card, you benefit from Zero Liability on a lost card.
- Contactless payments.
- Cashback on business transactions.
- The card also offers you the privilege of having a fuel surcharge waiver.
- On some of the selected categories, you get a cashback of 5%.
- On every Rs.150 of expenditure, you can earn up to 4 reward points.
1. Reward Points
On every Rs.150 of expenditure, you can earn up to 4 reward points with your HDFC card. But not from cash withdrawals, fuel purchases, eWallet loading, and a few more, you get not eligible to earn the reward points.
2. Accelerated Reward Points
i. On every Rs.150 of expenditure on travel bookings, online purchases, flight bookings, restaurants, and hotel reservations, from using this HDFC Business Money-Back Credit Card, you can get eligibility to earn up to 4 reward points.
ii. By buying from any partnered stores, you can earn up to 20 reward points on all your expenditures. On each statement cycle, you can earn a maximum of 2,500 capped reward points.
3. Reward Points Redemption
You can redeem your cash back reward points using them on your outstanding dues on your Credit Card with all your accumulated reward points on your card.
On each request for redemption, a reward redemption fee is applied, which is Rs.99.
You can earn Rs.20 on each of your 100 reward points. You need to have a minimum of 2,500 reward points if you have to redeem your cashback.
Before two years of the accumulation date, you need to redeem your accumulated reward points.
The exclusive rewards catalog that you choose for your attractive gifts and air miles is redeemed from your reward points.
4. Rewards Program
The main features for the reward program of HDFC Business Money-Back Credit Card are: –
i. You can earn Rs.20 on 100 reward points.
ii. On every Rs.150 of expenditure, you can earn up to 4 reward points, but only online.
iii. From the date of accumulation, your reward points can be considered valid for two years.
iv. On every Rs.150 of expenditure, you can earn 2 reward points, excluding fuel expenditure.
Features and Benefits
1. Card Type
This Credit Card is of cashback as well as a reward point card.
i. On every Rs.150, you can earn some reward points: –
- On other extra expenses, you can earn 2 reward points, but not from fuel expenses.
- On online expenditure, you can 4 reward points.
ii. All the current account holders can get double cashback on business essentials as government and tax payments, telecom, utility, which will be only up to Rs.500 on each statement.
iii. You can also earn Rs.20 by redeeming the reward point on cashback by 100 reward points.
iv. Free credit period of the interest of up to 50 days.
v. POS Rental Reversal
On your monthly expenditure of Rs.30,000 from your credit card and Rs.25,000 of monthly volume on the capped amount at Rs.1,000 on POS machine each month.
vi. You can get 5% cashback on hotels and dining, telecom, government or tax, taxi, electricity, and railway. This cashback can be eligible by spending a minimum of Rs.10,000 on monthly expenditure and earn a maximum cashback of Rs.250 on each statement.
3. Milestone Benefit
You can waive off your first-year membership by expending Rs.20,000 or more in the very first 90 days.
4. Balance Transfer
All your outstanding balance has to be transferred to your HDFC Business Money-Back Credit Card and have the benefit of a low-interest rate, which HDFC Bank provides. Transfer of balance is only applicable to the minimum transfer amount of Rs.2,500 and Rs.1 Lakh, which is the maximum.
5. Spend-based Benefits
i. On every anniversary year, you can get the privilege to earn 2,500 reward points on your yearly expenditure of Rs.1.8 lakhs.
ii. On each minimum Rs.100 or above transaction, which is done 4 times on your HDFC Business Money-Back Credit Card in one month, then you get eligibility of:
- Using this Credit Card, you can purchase a protection cover for burglary and fire items of Rs.5,000 or above.
- Accident insurance cover on a complimentary basis.
6. Avail a Load on credit Card
With your HDFC Business Money-Back Credit Card, you can apply for loans.
7. Interest-Free Credit
You can enjoy up to 50 days of the interest-free credit period by the cardholders from the purchase date.
8. No Liability on Lost Card
At any chance, you misplace your HDFC Business Money-Back Credit Card; then, you need to first contact the HDFC Bank customer care on an immediate basis. This way, with your complaint, you will not have to face any fraudulent transactions with your Credit Card.
This Credit Card is qualified with a chip card, and due to which this card can be used anywhere at qualified POS or can be swiped at any regular common POS, which is non-chip.
10. Additional Features
i. Utility Bill Payments
You should register your Credit Card with Smart Pay for HDFC Bank’s Utility Bill Payments Service. This will help you make sure that you pay all your utility bills on time, easily, and more conveniently.
ii. Zero Liability on Lost Card
In some sudden event, if you lose your HDFC Business Money-Back Credit Card, then you need to report it immediately to the HDFC Bank’s customer care which is available for 24 hours. After reporting about your card, you will not have to face any fraudulent transactions made through your card.
iii. Revolving Credit
You can enjoy your Revolving Credit on your HDFC Business Money-Back Credit Card at some nominal interest rate, charges section, and referral fees.
11. Fuel Surcharge Waiver
With this HDFC Business Money-Back Credit Card, you can get a 1% fuel surcharge waiver from any fuel station around the nation.
12. Welcome Benefit
With this HDFC Business Money-Back Credit Card, you can get an Annual Zomato Gold Membership on a complimentary basis, but only when you spend Rs.75,000 or above in the very first three months.
13. Dining Benefit
You can have 20% of savings from the payments, which are done through Dineout Pay with Card. But with that, adding 5% off on paying the Dineout Pay linked to HDFC Business Money-Back Credit Card.
You need to access the exclusive complimentary Dineout Passport Membership that provides: –
- From 200 and more restaurants, you can get 1 + 1 buffet.
- From 2,000 and more premium restaurants, you can get 25% flat.
- You can get an early avail to any festivals or events, like Gourmetlicious.
14. Annual Spend Based Benefit
You can earn 2,500 reward points on a yearly expenditure of Rs.1,80,000.
To know some terms and conditions of the yearly expenditure benefit program, then Click here.
15. Renewal Offer
You can have your expenditure of Rs.50,000 in 12 months, and likewise, you can get the renewal fee waived for the succeeding renewal year.
You can waive off your first-year membership by expending Rs.20,000 or more in the very first 90 days.
16. Contactless Payment
To enjoy some fast transactions, you should use your Card at any partnered locations accepting contactless cards.
To facilitate fast, contactless payments, convenient and secure payments from any retail store, you can have your HDFC Business Money-Back Credit Card to qualify for it.
17. Exclusive EASYEMI Offers for Business Credit Card
When any SMEs or EASYEMI are in place, then do not block any of your capital.
With the help of No Cost EMI privilege, you can buy electronics, interiors, ACs, furniture, and man more, that too from the brands like Royal Oak, Damro, Reliance Digital, Dash Square, EVOK, Blue Star, Godrej Interior, Stanley, Durian Industries, Kelvinator, Furniture Walla, The Mark Trendz.
You also check here for much detailed information regarding charges of HDFC Business Money-Back Credit Card.
Eligibility and Documents Required
- You should have a minimum of Rs.2.5 Lakhs of the income tax return in one year.
- The candidate should be a businessman, self-employed or professional.
- The candidate should also fall in the 21 to 65 years of age group.
2. Documents Required
For a business credit card, you need to give a two-fold verification. Due to which the candidate needs to necessarily submit the proof of address, identity, and income.
Below are the mentioned documents for the HDFC Business Money-Back Credit Card:
How to Apply For The Card?
You can apply for this HDFC Business Money-Back Credit Card by two different methods: online and offline.
To apply online, from the official HDFC website: –
- You need to visit the official HDFC Bank website and look for HDFC Business Money-Back Credit Card.
- Then select on “Apply Online” button.
- You will have to fill out the application form for your credit card to fill out the necessary information.
- Then select “Submit.”
- After your application is fruitfully submitted, you will have to wait for the call from the HDFC representative, who will take you through the Credit Card application process journey.
Frequently Asked Questions
1. How can I produce Reward Points onHDFC Business Money-Back Credit Card?
Reward Point design for expenditures of Rs.15,000 on online expenses and Rs.12,000 on other marketing expenditures in a month. Reward Points will be accumulated for at least a deal of Rs.150.
i. Reward points components calculate reward points.
ii. 4 Reward points for Rs.15,000 of expenditures on online expenditure of 15,000 * 4/150 = 400.
iii. 2 Reward points on other expenditure-excluding marketing of Rs.12,000. 12,000*2/150 = 160. You can get total reward points of 560.
2. Where can a purchaser smear for an HDFC Business Money-Back Credit Card?
Clienteles can stride into HDFC branches to smear forHDFC Business Money-Back Credit Card. Consecutively, fill the application form, then the HDFC bank demonstrative will connect the purchaser for dealing out the claim.
3. What in any situation is the card lost or stolen?
Purchaser has to call the HDFC Business Money-Back Credit Card customer care and report for stolen or lost card. Additional services like modification of communication number, address, etc., can also be done concluded by customer care. Phone banking numbers are accessible on the same side of the card.
Customers can also log in to NetBanking account and report about lost or stolen cards.
In case the purchase improves the card after having testified the loss, it has to be cut it into 4 pieces obliquely and transversely the chip surrounded in the card.
4. What are the possibilities for a purchaser to wage the credit card bill?
Clients can wage the credit card bill through the subsequent choices. They are: –
i. Mobile Banking App
iii. ATM Funds Transfer
vii. From a Non-HDFC Bank account
5. How is the HDFC Business Money-Back Credit Card chip used at a POS terminal by the commercial?
The commercial merely taps the card in the POS terminal in its place of taking it. The sum to be stimulating on the card is then arrived, and the card is seized till a slip is published. You are then compulsorily having the mark on the charge-slip.
6. Can I use my HDFC Business Money-Back Credit Card for online dealings?
Yes. Nevertheless, as it is a chip card, it essentially has to be recorded for ‘Verified by Visa or MasterCard Secure Code.’ This registering guarantees the practical deal is protected and the card is innocent to be used online.
7. How do I make expenses for my HDFC Business Money-Back Credit Card?
Moreover, you can pay by cash, cheque, or make the payment at the ATM or through NetBanking.
8. Can I use the HDFC Business Money-Back Credit Card at anyplace in the biosphere?
Yes. It can be used at any place in the biosphere wherever Visa or MasterCard is acknowledged. Yet, an external coinage mark-up fee of up to 3.5% of the deal sum will be stimulated individually for such deals.
9. What do I do in case of an inappropriate card?
In case of filched or misplaced card, you can call the 24/7 HDFC Business Money-Back Credit Card customer care to account for the loss.
10. What is the supreme advantage that can be accessed in one year from HDFC Business Money-Back Credit Card?
Handlers can relish commercial by redeemable up to Rs.21,000 in one year from HDFC Business Money-Back Credit Card.
11. How does the Easy EMI system work?
HDFC has knotted up with approximately-commercial openings under for the Easy EMI program. Officially visit any one of those openings and choose the invention. While making the reimbursement, notify the treasurer that you request to purchase this invention under EMI through your HDFC Business Money-Back Credit Card. A one-time giving-out fee will be stimulated on the deal.
12. Is there any added responsibility to be remunerated for reservation of railway tickets through HDFC Business Money-Back Credit Card?
Yes. 1.8% of the deal amount along with GST is to be paid.
13. Is there any mark-up remuneration for foreign reserve dealings for HDFC Business Money-Back Credit Card?
Bank will levy 3.5% of the deal amount as a mark-up fee for worldwide dealings.
Suppose you are finding a way to pay the dues on time, and your priority is to save the maximum amount of money shortly. In that case, you should opt for HDFC Business Regalia Credit Card, which is considered better than the HDFC Business Money-Back Credit Card business credit card in the market for now.