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Federal BankHDFC Bank is one of the major banks in India with the highest number of active credit cards. Yet, the bank has presented another Business Credit Card i.e., HDFC Bank UPI RuPay Biz Credit Card. This credit card is in existence with a motto of credit with existence. This means that this credit card has all the features present to make your credit journey hassle-free. There are many benefits that this credit card can provide your Business, the main point is that this card can help you get through daily expenses easily.
The key feature of having this credit card is it has cash points as its reward type. You can earn up to 3% cash points on groceries, supermarkets & dining spending; 2% cash points on utility spending, and 1% cash points on any other spending. This business credit card comes with a credit-free period of 50 days from the day of purchase along with milestone benefits such as a spend base waiver with just a minimal amount of Rs. 25,000 in an annual year.
HDFC Bank UPI RuPay Biz Credit Card is a virtual credit card with which the user will not receive any physical card. This feature makes it very secure as there are fewer chances of theft or loss cases. To know more about this Business Credit Card by HDFC, continue reading –
HDFC Bank UPI RuPay Biz Credit Card
Fees
Joining Fee
Renewal Fee
Best Suited For
Shopping |
Reward Type
Cashback |
Welcome Benefits
Movie & Dining
3% Cashpoints on dining expenses
Rewards Rate
3% Cashpoints on Groceries, SuperMarket, and Dining expenses; 2% Cashpoints on utility spends & 1% Cashpoints on every other expense.
Reward Redemption
Cashpoint earned can be redeemed against the statement balance, flights, and hotel bookings, rate of 1 Cashpoint = Rs. 0.25
Travel
Cashpoints can be redeemed against the flight and hotel bookings
Golf
NA
Domestic Lounge Access
NA
International Lounge Access
NA
Insurance Benefits
NA
Zero Liability Protection
Once reported, the user will not be liable for any charges made by the Credit card
Spend Based Waiver
Renewal fee waived if last year’s expenses were more than Rs. 25,000
Rewards Redemption Fee
Nil
Rewards Redemption Fee
Nil
Foreign Currency Markup
3.5% on the transacted amount
Interest Rates
3.60% monthly and 43.20% annually
Fuel Surcharge
1% fuel surcharge waiver
Cash Advance Charges
2.5% or Rs. 500, whichever is higher
Add-on Card Fee
Nil
- 3% Cashpoints on groceries, Super Market, and Dining expenses
- 2% cash points on all the Utility spends.
- 1% Cashpoints on every other spend.
- 50 days of the interest-free period.
- Renewal membership fee waiver at a minimum spend of Rs. 25,000.
- Cashpoints accumulated against the expenses can be redeemed against the flight bookings, hotel bookings, the statement, etc.
- 1% fuel surcharge waiver.
HDFC Bank UPI RuPay Biz Credit Card Features and Benefits
There are many features and benefits which you can avail of with the help of HDFC Bank UPI RuPay Biz Credit Card. These benefits are –
Milestone Benefit
- The annual fee will be waived at the minimum spend of Rs. 25,000 in the last annual year.
Rewards
- 3% Cashpoints on groceries, Super Market, and Dining expenses
- 2% cash points on all the Utility spends.
- 1% Cashpoints on every other spend.
- The maximum of 500 points can be earned in a calendar month with each category.
Reward Redemption
- Rewards can be redeemed against the statement balance at 1 Cashpoint = Rs. 0.25 rate.
- CashPoints can also be redeemed against travel benefits like flights and hotel bookings. You can redeem up to 50% of the booking through CashPoints at the value of Rs. 0.25 per Cashpoint.
- The rewards can also be redeemed against a reward catalog at the SmartBuy rewards portal.
- The rewards can be redeemed against every CashPoint at the rate of Rs. 0.25.
Other Benefits
- 1% fuel surcharge waiver on all the fuel transactions
- There is an interest-free period of 50 days.
HDFC Bank UPI RuPay Biz Credit Card Fees and Charges
- The Joining and annual fee of this credit card is Rs. 250 plus applicable taxes.
- The interest rates applied with this credit card is 3.60% on a monthly basis and 43.20% on an annual basis.
- The Forex charges of 3.5% on the transacted amount are charges with this credit card.
- The cash advance charges of 2.5% or Rs. 500 are charged, whichever is higher.
- There is no added-on card fee with this credit card.
- Some categories and exempted from these rewards which are Fuel, rent payments, EMI Spends, Education related transactions, wallet, Gift , Prepaid cards, vouchers, etc.
Documents Required to apply for HDFC Bank UPI RuPay Biz Credit Card
There are a few documents mandatory to apply for the HDFC Bank UPI RuPay Biz Credit Card which are mentioned below –
- Identity Proof – ID proofs such as Aadhaar Card, Voters ID Card, Pan Card, etc.
- Address Proof – Aadhaar Card, Last Months Electricity Bill, Water Bill, Passport, etc.
- Income Proof – Such as Salary Slips, and ITRs.
- Additional Documents such as driving license, business registration certificate, etc.
Conclusion
The HDFC Bank UPI RuPay Biz Credit Card is one of the most trusted business credit cards. This credit card by HDFC provides you with the best features and benefits such as cashpoints on your every single purchase. The accumulated reward points can be redeemed against a variety of options present in the website Catalogue. Not only that but you can also redeem the cashpoints against your monthly bill statement. These cashpoints can also be redeemed against flight bookings and hotel bookings.
The added benefit of fuel surcharge waiver, 50 days interest free period and spend based waiver are also there which makes this credit cards very much desirable. There are many other Business credit cards present in the market by HDFC which are quite a competition to the HDFC Bank UPI RuPay Biz Credit Card.
