Synopsis: HDFC Bank’s business credit card has some popular benefits which are available to business and self-employed cardholders. This article includes a list of business credit cards, comparing their fees, eligibility, and rewards for self-employed professionals.
Running a business often means juggling separate expenses, and the right business credit card can make that easier while also being rewarding to the cardholders. HDFC Bank offers a range of cards tailored to different income brackets and spending habits of self-employed individuals.
Best Credit Cards for Business and Self-Employed Individuals
1. HDFC Bank BizBlack Credit Card
- Joining Fee: ₹10,000 + applicable taxes
- Annual Fee: ₹10,000 + applicable taxes
- Fee Waiver: Annual fee waived on spend of ₹7.5 lakh in a year and joining fee waived on spend condition of ₹1.5 lakh in the first 90 days of card issuance.
- Eligibility: Indian citizen self-employed aged between 21 years to 65 years, with an annual ITR of above ₹30 lakhs
- Maximum Period for Interest Free Credit: Up to 55 days of interest free period
- Lounge Access: Unlimited airport lounges globally
- Forex Fee: 2% + applicable taxes
- Rewards and Perks
- 5 reward points on every ₹150 spend on subject to condition
- 1 reward point = ₹1
- Club Marriott Annual Membership and Taj Stay Voucher worth ₹5,000 on spends of ₹1.5 lakh within first 90 days of joining
- 24 x 7 concierge service available
- Availability of Business Insurance package at a premium of ₹3,785, includes fire and burglary insurance, hospital illness and accident benefits, and electronic equipment insurance
To apply for the card, please visit the Official Website
2. HDFC Bank BizGrow Credit Card
- Joining Fee: ₹500 + applicable taxes
- Annual Fee: ₹500 + applicable taxes
- Fee Waiver: Annual fee is waived on spend condition of ₹1 lakh in a year
- Eligibility: Indian citizen self-employed aged between 21 years to 65 years, with an annual ITR of above ₹6 lakhs
- Maximum Period for Interest Free Credit: Up to 55 days of interest free period
- Lounge Access: Not Available
- Forex Fee: 3.5% + applicable taxes
- Rewards and Perks
- 2 cash points on every ₹200 spent
- 10X cash points bill, IT and GST payments, hotels and flight bookings, and other eligible business related expenses
- 2000 cash points every quarter on quarterly spends of ₹1 lakh made on all retail expenses, and excluding rent and petrol
- Fuel surcharge waiver of 1% on a minimum transaction of ₹400 and maximum transaction of ₹5,000, and maximum cashback of ₹250 per statement cycle
To apply for the card, please visit the Official Website
Also read: IndusInd Tiger Credit Card: How to Earn Benefits Worth ₹38,612 From This Lifetime Free Credit Card
3. HDFC Bank BizFirst Credit Card
- Joining Fee: ₹500 + applicable taxes
- Annual Fee: ₹500 + applicable taxes
- Fee Waiver: Annual fee waived on spent of ₹50,000 in a year
- Eligibility: Indian citizen self-employed aged between 21 years to 65 years, with an annual ITR of above ₹6 lakhs
- Maximum Period for Interest Free Credit: Up to 55 days of interest free period
- Lounge Access: Not Available
- Forex Fee: 3.5% + applicable taxes
- Rewards and Perks
- 3% cash points on EMI spends
- 2% cash points on utility bills, electronics, SmartPay, and Payzapp transactions capped at maximum of 500 cashpoints per calendar month
- 2000 cash points on spend condition of ₹75,000 and above per quarter
- Fuel surcharge waiver of 1% on a minimum transaction of ₹400 and maximum transaction of ₹5,000, and maximum cashback of ₹250 per statement cycle
To apply for the card, please visit the Official Website
4. HDFC Bank BizPower Credit Card
- Joining Fee: ₹2,500 + applicable taxes
- Annual Fee: ₹2,500 + applicable taxes
- Fee Waiver: Annual fee waived on spend condition of ₹4 lakh in a year
- Eligibility: Indian citizen self-employed aged between 21 years to 65 years, with an annual ITR of above ₹12 lakhs
- Maximum Period for Interest Free Credit: Up to 55 days of interest free period
- Lounge Access: 2 domestic airport lounges per calendar quarter on spend condition of ₹75,000 per quarter and 6 international airport lounges per year via Priority Pass
- Forex Fee: 2% + applicable taxes
- Rewards and Perks
- 5 reward points on every ₹200 spent on business requirements
- 5X reward points on Income tax and GST, bills, hotels and flight bookings, and on other eligible business expenditures
- Availability of business insurance benefits including fire and burglary insurance for shops, cash in safe and transit, electronic equipment insurance, hospital cash accident and illness up to 30 days cover.
To apply for the card, please visit the Official Website
All in All
From the premium BizBlack to the entry-level BizFirst, HDFC’s business cards cater to varied income levels and spending needs of the business and self-employed individuals. Choosing the right one depends on the annual turnover, travel habits, and the kind of rewards that matter most to the individual’s respective business.
Written by Jahnavi
