HDFC Bank Biz First Credit Card Rating |
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| Rewards Benefits | ★★★ (3/5) |
| Insurance Benefits | ★★★ (3.5/5) |
| Other Lifestyle Benefits | ★★★ (3.5/5) |
| Overall Rating | ★★★ (3/5) |
Features & Benefits of HDFC Bank Biz First Credit Card
Welcome Bonus
Avail a gift voucher worth Rs. 250 on making 1 transaction within the first 37 days of card issuance. This voucher is redeemable on top brands, like Swiggy, Amazon and more.
CashPoint Benefits
- 3% CashPoints, up to 1,000 CashPoints per month, on EMI spends
- 2% CashPoints, up to 500 CashPoints per month, on electronics, utility bills, SmartPay and Payzapp transactions
- 1% CashPoints, up to 500 CashPoints per month, on all other spends including UPI spends
Cash Points Redemption
Validity: Up to 2 years post accrual
Redemption Options: The cardholders can redeem the accrued reward points against various options, such as –
- Cashback against card statement (min. 2,500 CashPoints required)
- Insta vouchers for brands like Amazon, Raymonds, Croma, Reliance digital & more
- Product catalogue via netbanking & SmartBuy
- Flights/Hotel booking on Smartbuy (max. 50% of the booking value can be paid via CashPoints)
- Business catalogue via netbanking & SmartBuy
- Air miles conversion
Redemption Fee: Rs. 99+GST on redemption via reward catalogue
Redemption Value: 1 CashPoint = Rs. 0.15
Milestone Benefits
Quarterly Bonus CashPoints: 2,000 bonus CashPoints given on reaching quarterly retail spends of Rs. 75,000, excluding rent and petrol transactions
Renewal Fee Waiver: Applicable on annual spends of Rs. 50,000 in the previous year
Insurance Benefits
The card members are offered a choice between four different business insurance annual plans which they can choose from depending upon their preferences:
| Insurance Covers | Amount via Plan 1 | Amount via Plan 2 | Amount via Plan 3 | Amount via Plan 4 |
| Fire & Burglary insurance for shop, excluding theft | Rs. 5 lakh | Rs. 10 lakh | Rs. 20 lakh | Rs. 50 lakh |
| Cash in safe | Rs. 25,000 | Rs. 50,000 | Rs. 1 lakh | Rs. 2.5 lakh |
| Cash in transit | Rs. 25,000 | Rs. 50,000 | Rs. 1 lakh | Rs. 2.5 lakh |
| Electronic equipment insurance, excluding terrorism | Rs. 50,000 | Rs. 1 lakh | Rs. 2 lakh | Rs. 2.5 lakh |
| Hospital Cash: Accident Only Amount Payable/Day (30 days cover) | Rs. 1,000 | Rs. 1,500 | Rs. 2,000 | Rs. 5,000 |
| Hospital Cash: Illness Only Amount Payable/Day (30 days cover) | Rs. 1,000 | Rs. 1,500 | Rs. 2,000 | Rs. 5,000 |
| Total Premium without GST | Rs. 3,207 | Rs. 6,221 | Rs. 12,442 | Rs. 23,886 |
| Total Premium with GST | Rs. 3,785 | Rs. 7,341 | Rs. 14,681 | Rs. 28,185 |
HDFC Bank Biz First Credit Card Fees & Charges
| Fees & Charges | Details |
| Joining/Annual Fee | Rs. 500 (Waived off on Rs. 50,000 annual spends) |
| Forex Mark-up Fee | 3.5% |
| Finance Charges | 3.75% per month (or 45% p.a.) |
| Late Payment Charges | On outstanding balance of – Up to Rs. 100: Nil Rs. 101 to Rs. 500: Rs. 100 Rs. 501 to Rs. 1,000: Rs. 500 Rs. 1,001 to Rs. 5,000: Rs. 600 Rs. 5,001 to Rs. 10,000: Rs. 750 Rs. 10,001 to Rs. 25,000: Rs. 900 Rs. 25,001 to Rs. 50,000: Rs. 1,100 More than Rs. 50,000: Rs. 1,300 |
Click here for detailed fees and charges and other HDFC Bank Credit Card terms and conditions.
Eligibility Criteria for HDFC Bank Biz First Credit Card
The applicant must satisfy the following eligibility criteria to get HDFC Bank Biz First Credit Card:
- Nationality: Indian citizen
- Occupation: Self employed
- Age: 21 to 65 years
- Income: Annual ITR above Rs. 6 lakh
- Income Proofs Required: ITR, GST returns, bank statements and merchant payment report