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HDFC Bank Purchase Premium Credit Card is one of the Corporate Credit Cards issued by HDFC.  HDFC Bank has the highest number of credit cards in the country. HDFC Bank Purchase Premium Credit Card comes with a hoard of benefits and features which can make transactions much easier and more convenient for companies.

Commercial credit cards, these type of credit cards are very important financial tools in corporates. Even in Big Corporates, there are credit cards that the higher-ups use, and if it’s small businesses the credit cards are more important. For small businesses, credit cards can be used to bear daily expenses and can also be used to hire more manpower. The Big difference between the Business and Corporate Credit cards is that the business credit cards can be issued for a small company but when it comes to a corporate credit card, only big companies can have them issued under their name.

With HDFC Bank Purchase Premium Credit Card you can earn 5% cashback (up to Rs. 1500 per statement cycle on a minimum monthly spend of Rs. 50,000). 4 reward points for every Rs. 150 spent and much more. There are many other added benefits such as up to 50 days of credit period on the Purchase Premium Credit Card.

To get to know more about the HDFC Bank Premium Purchase Premium Credit Card, continue reading –

 

HDFC Bank Purchase Premium Credit Card Feature
(4.2/5)

Joining Fee

Nil

Renewal Fee

Nil

Best Suited For

Shopping |

Reward Type

Reward Points | Cashback |

Welcome Benefits

NA

Movie & Dining

NA

Rewards Rate

4 reward points for every Rs. 150 spent

Reward Redemption

NA

Travel

NA

Domestic Lounge Access

NA

International Lounge Access

NA

Golf

NA

Insurance Benefits

NA

Spend-Based Waiver

NA

Rewards Redemption Fee

Nil

Rewards Redemption Fee

Nil

Foreign Currency Markup

2.5% of the transacted value

Interest Rates

1.99% per month or 23.88% annually

Fuel Surcharge

1% fuel surcharge waiver

Cash Advance Charges

1% of the transacted amount

  • 5% cashback on your monthly spending
  • 4 reward points for every Rs. 150 spent
  • Reward redemption rate is 1 RP = 0.20 paisa
  • 5% forex markup fee
  • 1% fuel surcharge waiver of up to Rs. 500
  • 50 days of credit period on the card

HDFC Bank Purchase Premium Credit Card Features and Benefits

There are many benefits of having the HDFC Bank Purchase Premium Credit Card such as–

Reward Points and Cashback

  • Earn 4 reward points for every Rs. 150 spent on anything.
  • A maximum of 15,000 reward points can be accrued every month.
  • Earn up to 5% cashback on your monthly cycle (up to Rs. 1,500 per statement cycle on a minimum monthly spend of Rs. 50,000).
  • Reward redemptions rate is 1 reward point is equal to Rs. 0.20.

Process Efficiency

  • The card can take on all the direct expenses of the company.
  • The cards can also help in reducing the transaction processing time and overall cost of high-volume/low-value transactions.
  • The user also gets relief from managing multiple invoices, cheque handling, and payment system.

Better Control on Expenses

  • For certain vendor/merchant categories, restrictions can be placed on cards as per the transactions for better control of the expenses.
  • Based on data reports on spending patterns, better control can be placed on expenses.

Revolve Facility

  • On the billed amount you will usually have to pay a minimum of 30%

Streamlining the purchase process

  • This credit card provides the most convenient paperless process which can lead to better manpower productivity.

Fuel Surcharge Waiver

The 1% fuel surcharge waiver of up to Rs. 500 is there.

HDFC Corporate Purchase Premium Credit Card Fee and Charges

  • Joining and Annual fee – Nil (this is a lifetime free credit card)
  • Reward redemption fee – N/A
  • Foreign Currency markup fee – 2.5% of the transacted value
  • Interest rates – 1.99% per month or 23.88% annually
  • Cash advance fee – 1% of the transacted amount
  • Add-on card Fee – N/A

HDFC Purchase Premium Credit Card Eligibility Criteria

However, brilliant the feature of this credit card may look, there is an eligibility criterion that needs to be fulfilled to avail of this card. The basic eligibility criteria are –

  • Age – The applicant should be between the age of a minimum of 21 years old and a maximum of 65 years old.
  • Income – The applicant should have a stable income with a registered business.

Documents Required

  • Identity Proof – Aadhaar Card, PAN Card, Driving license, Voters ID or Passport.
  • Address Proof – Aadhaar Card, Utility bills of the latest months, etc.
  • Business registration certificate, latest audited ITR, passport-sized photographs, and some other documents might be needed.

How to apply for the HDFC Bank Purchase Premium Credit Card?

For, HDFC Bank Purchase Premium Credit card, you can apply on both online and offline platforms. To apply offline, the nearest HDFC Bank branch can help you fill out the forms with all the required documents mentioned. However, to apply online, you will have to follow a few steps which are –

  • Visit the official website of the HDFC Bank
  • Under the “borrow” section, select “cards” and then go to “credit cards”
  • Under the Business Credit Cards, you will have to select the HDFC Purchase Premium Credit Card, as your card.
  • Then click on “Apply Now” and fill in the information required by the digital application form.
  • Continue accordingly.

Conclusion

The HDFC Purchase Premium Credit Card is another corporate credit card from HDFC Bank. This credit card offers a very convenient paperless process which can lead to better manpower productivity. Not just that you can get reward points and cash back as reward rates with the card. The HDFC Purchase Premium Credit Cards also have the lowest forex markup fee and interest rates in the market. The cash advance fee is also a very minimal percentage of 1% of the transacted amount.

Corporate Credit Cards are issued to make the business expenses under observation and control. This type of credit card can restructure the daily expenses in the whole process. Not just that but these credit cards also help in hassle-free payments and transactions ultimately impacting the manpower more fluently.

FAQs:

The rewards points have a lifetime of 12 months from the day of accrual.
  • The reward type is reward
  • points; however, cashback is also present in some expenses.
There is a total of 50 days credit period allotted with this credit card.
You will earn 4 reward rates with every Rs. 150 spent with this card.
Yes, with HDFC Purchase Premium Credit Card you are eligible for 1% of fuel surcharge waiver.

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