With a large range of business credit cards in its portfolio, HDFC is the most popular and reliable option for Indian credit card customers. A business credit card doesn’t need to have a high annual/joining fee. The HDFC Bank Business MoneyBack Credit Card and the HDFC Bank BizGrow Credit Card are the two reasonably priced HDFC business credit card options at ₹500 + GST. Even though HDFC offers many more business credit card options, these two are frequently compared and looked at together because customers who already hold a Business MoneyBack card, sometimes LTF, are offered an upgrade to the BizGrow Credit Card. This article talks about whether it is worth the value to have a BizGrow over an existing LTF Business Moneyback.
Welcome Benefits Against Joining Fee and More
Each of these cards has an annual fee of ₹590 (including 18% GST) unless users receive personalised offers from the bank, in which case they can get either of these as a lifetime free credit card. Business MoneyBack does not offer any welcome benefits to its users, whereas BizGrow Credit Card offers gift vouchers worth ₹250 against the joining fees paid by customers. The vouchers can be redeemed for popular brands like Amazon and Swiggy.
Both cards offer milestone benefits to reward users with high spending habits and provide spend-based fee waivers. The table below elaborates on the same.
| Particulars | HDFC Bank Business MoneyBack | HDFC Bank BizGrow |
| Annual/Joining Fee | ₹500 + GST | ₹500 + GST |
| Welcome Benefits | N/A | Gift Voucher Worth ₹250 |
| Milestone Benefits | Get 2,500 Bonus Reward Points on Annual Spends of ₹1,80,000 | Get 2,000 Bonus Cash Points on Quarterly Spends of ₹1,00,000; Cumulative Annual Spends of ₹4 Lakhs can Allow 8,000 Bonus Points |
| Spend-Based Fee Waiver | Annual Fee Waived on Achieving Spends of ₹50,000 in the Previous Year | Annual Fee Waived on Achieving Spends of ₹1 Lakh in the Previous Year |
Reward Structure Comparison
Both of these cards offer customers access to a generous reward program. The Business MoneyBack card, for example, offers 2 Reward Points for every ₹150 spent offline and 4 Reward Points for every ₹150 spent online. However, BizGrow offers 2 Cash Points for every ₹150 spent on business expenditure and 20 Cash Points for ₹150 spent on specific business expenditure categories, such as paying bills using PayZapp and SmartPay, paying taxes using ClearTax, booking hotels and flights on MMT MyBiz, and more.
The points accumulated can be redeemed in many ways, such as against statement balances, for flight and hotel bookings, for products at SmartBuy, and more. The following table highlights the reward redemption and value of each point earned by the cardholders.
| Particulars | HDFC Bank Business MoneyBack | HDFC Bank BizGrow |
| Earning Rewards |
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| Redeeming Rewards | Reward Points can be Redeemed for Cashback, for Exciting Gifts, and Air Miles from the Rewards Catalogue via SmartBuy | Cash Points can be Redeemed for Cashback and Various Other Purposes on SmartBuy, like Flight and Hotel Bookings, Product Catalogue, and Business Catalogue |
| Value of Reward Points | 1 RP = ₹ 0.20 (When Redeemed Against Statement Balance) | 1 Cash Point = ₹0.25 (Uniform for Flight and Hotel Bookings on Smartbuy, Product Catalogue, Vouchers, Business Catalogue, or Statement Balance) |
Other Lifestyle Benefits
The Swiggy Dineout offers up to 20% off on dining at premium restaurants in India for both of these cards. It provides everyday value for people who dine out for meetings or client interactions.
However, neither card offers premium lifestyle privileges like complimentary airport lounge access or concierge services, which are often available with business credit cards. Thus, they are better suited for startups or small business owners who are just beginning to use business credit cards rather than frequent flyers or high-level executives.
Bottom Line
Choosing between the HDFC Business MoneyBack and HDFC BizGrow Credit Card depends on how much you spend and what kind of benefits you’re looking for. If you are a small business owner or freelancer with limited expenses and you already have a Lifetime Free Business MoneyBack card, it’s a good idea to keep using it. It offers basic rewards and requires lower spending to waive the annual fee.
However, if your business spends more, especially on platforms like PayZapp, ClearTax, or MMT MyBiz, the BizGrow Credit Card gives you more value. With welcome benefits, better reward rates, and useful milestone bonuses, it’s built for users with higher business needs. Neither card offers premium features like airport lounge access, but they are both great entry-level choices.
FAQs
What is the difference between HDFC Business MoneyBack and BizGrow Credit Card?
The main differences lie in welcome benefits, reward structure, and milestone rewards. BizGrow offers higher rewards and a welcome voucher, while MoneyBack is simpler.
Is HDFC BizGrow better than HDFC Business MoneyBack?
BizGrow is better for users with higher business spends, especially on platforms like PayZapp or ClearTax. However, MoneyBack is more suitable for low spenders or those holding an LTF variant of the card.
Which HDFC business credit card has better reward value?
HDFC BizGrow offers better reward value at ₹0.25 per Cash Point, compared to ₹0.20 per Reward Point on the Business MoneyBack card.
What are the milestone benefits of the HDFC BizGrow Credit Card?
BizGrow offers 2,000 bonus Cash Points on ₹1 lakh quarterly spends, up to 8,000 points annually.
Is the HDFC BizGrow Credit Card worth it?
Yes, it’s worth it for business owners spending ₹1 lakh or more annually on platforms with an accelerated reward rate, which offers better reward value and helps them hit spend-based milestones.