HDFC Bank Biz First Credit Card

The HDFC Bank Biz First Credit Card is designed for self-employed individuals who use credit cards for regular business-related expenses. It combines business-focused rewards with features such as an interest-free credit period of up to 55 days, CashPoints on eligible transactions, UPI payments and selected business offers.

The card can be useful when a significant portion of your spending falls within its eligible reward categories. However, CashPoints have monthly limits and some transactions do not qualify for rewards. Therefore, the card's overall value depends on how you typically use it rather than simply on the number of benefits offered.

Key Highlights of HDFC Bank Biz First Credit Card

• Enjoy up to 55 days of interest-free credit.
• Earn 3% cashback on EMI spends (maximum 1000 cashpoints per calendar month).
• Benefit from 2% cashback on utility, postpaid bills, SmartPay, and PayZapp, up to 500 points monthly.
• Boost your earnings – get 1% Cashpoint on UPI transactions, up to 500 Cashpoints every month.
• Welcome benefit of Amazon.in voucher worth Rs. 1,500
• Pay GST using your Business Credit Card on the GST portal.
• Pay income tax and advance tax with your Business Credit Card.
• Save up to 40% on business travel and software purchases with BizDeals.

Access to exclusive business travel benefits with MyBiz.

• 4% off on Flights and Hotel Bookings
• Discounted Fares, Free Meal and Seat Selection, Low Fees for Cancellation
• Boost business productivity using Nuclei tools.
  • Get instant discounts on software like Microsoft Azure, Google Workspace, Tally Prime, AWS, and more.
  • Obtain a GST invoice to avail Input Tax Credit.

Note: Redeem credit card cash points within 2 years.

HDFC Bank Biz First Credit Card Benefits

The following are some of the features of the HDFC Bank Biz First credit card.

Card Activation Benefits:

• Get a gift voucher of Rs.250 on making one transaction on your Biz First credit card within 37 days from the date of issuing the card.

Milestone Benefits:

• Earn 2000 cashpoints every quarter on quarterly spends of Rs. 75,000 and above. The cashpoints can be redeemed against your credit card statement.

Fuel Surcharge Waiver:

• Get 1% fuel surcharge waiver at all the fuel stations across India on a minimum transaction of Rs.400 and maximum transaction of Rs. 5000 with a maximum cashback of Rs.250 per statement cycle.

Dining Benefits:

• Get a flat 10% off on your dining bills.
• Get 20% off on dining done through Swiggy Dineout.
• Get up to 5% off on travel or online shopping.
• Get 10% cashback on SmartBuy and PayZapp.
• Save up to Rs.2600 on SmartPay.

SmartEMI:

• Convert your big purchases into easy EMI spends.

Easy EMI:

• When you do your large online or in-store purchases and make easy repayments using Easy EMI options.

Zero Lost Card Liability:

• In the unfortunate event of losing your card, and reporting the loss through the toll-free number, you have zero liability for any fraudulent transactions happening.

Business Insurance Benefits:

• Avail insurance coverage for your business with a premium of Rs. 3785. This includes:
  • Fire and Burglary insurance coverage of Rs. 5 Lakhs.
  • Cash in Safe/Transit of Rs.5000
  • Electronic equipment insurance coverage of Rs.50,000.
  • Accident coverage of Rs.1000 per day in hospitals.
  • Hospital illness coverage of Rs.1000.

Statement Redemption:

• A minimum of 2,500 cash points is required to redeem cashpoints against statement balance.
• A maximum of 15,000 cash points can be earned per statement cycle.

Contactless Payments:

• Contactless payment can be done for any purchases within Rs.5000.

Forex Mark-up Fee:

• A forex mark-up fee of 3.5% is applicable for any transactions made abroad using the card.

HDFC Biz First Credit Card Fees & Charges

The HDFC Biz First Credit Card has a ₹500 joining fee plus applicable taxes. The annual renewal fee is also ₹500 plus applicable taxes, but HDFC Bank states that the renewal fee can be waived when the cardholder spends at least ₹50,000 during the previous year.

Fees and waiver conditions can change. Customers should check the latest HDFC Bank terms before applying.

Important: I would not call this card “lifetime free” in your content unless a specific lifetime-free offer is provided to the applicant

HDFC Biz First Credit Card Eligibility Criteria

• Applicant should be a self-employed Indian citizen.
• Age should generally be between 21 and 65 years.
• Annual ITR should be above ₹6 lakh.
• Applicants may need to provide relevant income or business documents for verification.

Documents Required

The following is the list of documents that are required to apply for the HDFC Biz First credit card. They are:

• ID Proof: PAN Card/Aadhar Card/Passport/Driving License
• Address Proof: Aadhar Card/Passport - This is for the individual and the business.
• Passport size photographs
• Proof of Business: Official Address Proof of the Business
• Business Registration Certificate: Documents proving the business legal status.
• Business continuity proof: Documents proving the business operation
• Proof of Business Income: Recent IT returns, GST returns, bank statements, or merchant payment reports.

Who Should Consider the HDFC Bank Biz First Credit Card?

This card may be worth considering if you:

• Run a business or work as a self-employed professional.
• Frequently use a credit card for business-related expenses.
• Make regular EMI, utility, UPI or other eligible transactions.
• Can comfortably meet the annual spending requirement for the renewal-fee waiver.
• Prefer CashPoints that can be redeemed against eligible options.

It may be less suitable if most of your spending falls outside the eligible reward categories or if you are unlikely to use the card enough to justify its annual fee.

How to Apply for HDFC Biz First Credit Card

• Visit the official HDFC Bank website and select "Discover Products" from the homepage navigation menu.
• Choose "Cards" from the list of products, go to the Credit Cards section, and click "Apply Now" to begin your application.
• Enter and verify your mobile number, date of birth and PAN details.
• Review and confirm your personal information.
• Choose the credit card that best suits your requirements.
• Submit the application and receive your card after approval.

Depending on your profile, you may be asked to upload additional documents or complete Video KYC during the application process.

Advantages and Disadvantages

Advantages

• Business-focused credit card for self-employed users.
• Up to 55 days of interest-free credit on eligible expenses.
• CashPoints across multiple eligible spending categories.
• UPI payment facility.
• 1% fuel surcharge waiver on eligible transactions.
• Quarterly milestone reward of 2,000 CashPoints on qualifying spends.
• Annual renewal fee waiver available on meeting the stated spending requirement.

Disadvantages

• CashPoint earnings are capped by category.
• Several transaction types are excluded from rewards, including fuel, rent, education-related transactions and certain wallet/prepaid card loads.
• The annual fee applies if the applicable waiver condition is not met.
• The card may not be the best fit for users whose spending does not align with its reward categories.

Is HDFC Bank Biz First Credit Card Worth It?

The HDFC Bank Biz First Credit Card can be a practical option for self-employed individuals who regularly use credit for business expenses. Its combination of CashPoints, UPI functionality, fuel benefits and a potential annual-fee waiver can make it useful for the right spending pattern.

However, the card should not be judged only by its headline rewards. CashPoints have category-wise limits, and some transactions are excluded from earning rewards.

If your regular business expenses match the eligible categories and you can pay your bills on time, the card may offer useful value. If most of your spending falls outside those categories, another business credit card may be more suitable.

FAQs

Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Given that this type of data may change over time, we cannot guarantee the accuracy of the information supplied or included within it. It is anticipated that the user will confirm with the relevant source before making any choices or taking any actions.