HDFC Bank Business MoneyBack credit card

The HDFC Business Moneyback Credit Card Features and Benefits

The HDFC Business Moneyback Credit Card is a great deal for businesses to spend more and receive more in terms of reward points and cashback. Let’s look at its benefits, fees structure, and much more:

Cashback Offers

• Get 5% Cashback on Telecom, Utility, Govt & Tax Payments.
  (Maximum cashback of Rs.250 per statement on minimum monthly spends of Rs.10,000.)​​​​​​​
• You can also redeem Reward points for cashback-  100 Reward Points = Rs 20

Fuel Surcharge Waiver

The cardholders can get a 1% waiver on the surcharge applicable on fuel purchases made with HDFC Business Moneyback Credit Card. The waiver is applicable only on fuel transactions between Rs. 400 and Rs. 5,000 and the maximum waived amount is capped at Rs. 250 per statement cycle.

Dining Benefit

Save upto 20% on dining bills paid through DineoutPAY. Do note that the maximum discount per transaction is capped at 1000 Rs. and the maximum discount per customer per month capped at 1000 Rs.

Milestone Benefits

The cardholders can earn 2,500 Bonus Reward Points on annual spends of Rs. 1,80,000.

Renewal Fee Waiver

The cardholders can get Renewal Fee waived for next year on spending Rs. 50,000 in 12 Months.

HDFC Business Moneyback Credit Card Reward Points

• You get 2 Reward Points on every Rs. 150 spent.
• You get 4 Reward Points on every Rs. 150 spent online.
• Get 5X Reward Points on Fuel (Maximum 1000 points in a month)
• The reward points you earn using this card are valid for 2 years from the accumulation date.

Reward Points Redemption

• The cardholder can redeem accumulated Reward Points for Cashback (100 Reward Points = Rs. 20) Do note that the minimum redemption amount should be Rs. 2500.
• Reward Points can be also redeemed for exciting gifts and air miles from an exclusive rewards catalogue, at the applicable redemption rate.
• It is to be noted that the Reward redemption fee of Rs. 99 per request will be applicable on all redemptions.

Paytm HDFC Bank Select Business Credit Card Fees & Charges

• Joining Fee: HDFC Bank charges Rs. 500 (plus applicable taxes) as the joining fees for the HDFC Business Moneyback Credit Card.
• Annual Fee: HDFC Bank charges an annual fee of Rs. 500 (plus applicable taxes) for HDFC Business Moneyback Credit Card
• Interest Rate: An interest rate of 3.6% per month (43.2% annually) is applicable on the due amount on the card if the cardholder is unable to clear all the dues by the payment due date.
• Forex Mark-up Fee: A foreign currency mark-up fee of 3.5% (plus applicable taxes) of the transaction amount is applicable on all foreign currency transactions made with HDFC Business Moneyback Credit Card.
• Cash Advance Charges: A charge of 2.5% of the amount withdrawn or flat Rs. 500 (whichever is higher) is applicable on the cash advance transactions made on HDFC Business Moneyback Credit Card.

HDFC Business Moneyback Credit Card Eligibility Criteria

Like the general credit cards, corporate cards also have some specific eligibility criteria that need to be fulfilled by the applicants in order to get approved for this credit card. The following are some basic eligibility requirements for the HDFC Bank Business MoneyBack Credit Card:

Documents Required

The documents required to apply for the Paytm HDFC Bank Business Credit Card are as mentioned below:

• Proof of Identity: Aadhar Card, Voter’s Id, PAN Card, etc.
• Address Proof: Aadhar Card, Latest months’ utility bills, or Passport.
• Other than these, some additional documents like a passport-sized photograph, permanent driving license, business registration certificate, Job card issued by NREGA duly signed by an officer of the State Government, etc, might also be required.

How To Apply For The HDFC Business Moneyback Credit Card?

You can apply for the HDFC Business Moneyback Credit Card online as well as offline at your convenience. To apply offline, you will have to visit your nearest HDFC Bank branch with all the required documents and apply for the card by filling in the physical application form. To apply online, you can follow a few steps as mentioned below:

• Visit HDFC Bank’s official website.
• Under the section ‘Borrow,’ select ‘Cards’ and then ‘Credit Cards.’
• Under the category ‘Business Credit Cards,’ choose the ‘HDFC Business Moneyback Credit Card.’
• Click on Apply Now and fill in the online application form.

Conclusion

HDFC Business Moneyback Credit Card is a good choice for every business professional as the card offers a great opportunity to earn reward points. The card offers reward points on every business transaction incurred by the business, either on online spending or other spends as well. It also offers reward points on fuel transactions as well. On top of that, one can exchange these reward points for cashback which further can be used to pay bills. The card offers 5% Cashback on Telecom, Utility, Govt & Tax Payments made by the business. Therefore, the card is a great deal for those who are looking for cashback and earning reward points on tons of transactions made in the business.

This was the HDFC Business MoneyBack Credit Card review from our side. Make sure to let us know your views on this card in the comment section below!