Explore Benefits of HDFC BankBiz GrowCredit Card

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HDFC Bank

Explore Biz Grow Credit Card

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Basic Information

Welcome Benefits ₹250 worth gift voucher on activation within 37 days of card issuance

Card Details Card Name: HDFC Bank Biz Grow Credit Card; Bank Name: HDFC Bank; Card Type: Business Credit Card

Eligibility Minimum Income Required: Annual ITR above ₹6 Lakhs; Employment Type: Self-Employed; Age Criteria: 21–65 years

Rewards Program

Reward Points Reward Rate: 2 CashPoints per ₹150 spent on eligible spends; Reward Categories: Business spends; excludes petrol, wallet, rent, education and EMI; Accelerated Reward Rate: 10X CashPoints on qualifying business spends above ₹10,000/month; Accelerated Reward Cap: Maximum 1,500 CashPoints/month; Maximum Reward Points: 15,000 reward points per statement cycle

Redemption Reward Redemption Options: CashPoints can be redeemed against statement balance / credit card bill; Reward Value: 100 CashPoints = up to ₹25

Milestone Rewards Milestone Benefit: 2,000 CashPoints on quarterly spend of ₹1 lakh

Travel Benefits

Travel Offers Travel Booking Offers: 10X CashPoints on qualifying flights/hotels booked through MMT MyBiz powered by SmartBuy Biz Deals

Shopping Benefits

Online Shopping Online Shopping Benefit: 10X CashPoints at eligible business partners including Dmart

Brand Offers Merchant/Business Offers: 10X CashPoints on eligible productivity/business services

Fuel Benefits

Fuel Savings Fuel Surcharge Waiver: 1% fuel surcharge waiver; Fuel Transaction Condition: Minimum transaction ₹400; maximum transaction ₹5,000; Maximum Fuel Benefit: Maximum cashback ₹250 per statement cycle

Daily Spending Benefits

Utility Bills Utility Benefit: 10X CashPoints on qualifying Telecom & Utility payments through PayZapp & SmartPay

Rent Payments Rent Payment Benefit: Rent transactions excluded from regular CashPoint earning; 1% fee applicable

Insurance Payments Insurance Premium Rewards: Insurance transactions are not treated as utility transactions for the specified 1% utility fee

Education Education Fee Rewards: Education transactions through third-party apps attract 1% fee; direct school/college website or POS transactions are not charged

Insurance & Protection

Insurance Business Insurance: Business Insurance package available at annual premium of ₹3,785 including GST; Business Insurance Options: Fire & burglary, cash in transit, cash in safe, EEI and hospital cash options available under business insurance plans

Digital Features

Mobile Wallet PayZapp: PayZapp supported for qualifying Telecom & Utility payments

Fees & Charges

Joining Charges Joining Fee: ₹500 + applicable taxes

Annual Charges Annual Fee: ₹500 + applicable taxes; Annual Fee Waiver: Renewal fee waived on spending ₹1 lakh in the previous year

EMI Charges EMI Facility: EMI transactions excluded from regular CashPoint earning

Performance & Ratings

Best Usage Best For: Business spending, GST/income-tax payments, utilities, fuel and business-related expenses

Advantages Pros: Up to 55 days interest-free credit period; 10X CashPoints on eligible business spends; quarterly milestone rewards; fuel surcharge waiver; ₹1 lakh annual spend fee waiver

Limitations Cons: Accelerated CashPoints have monthly cap; fuel/rent/education/wallet/EMI spends have exclusions or special charges

Instant Check Eligibility | Biz Grow Credit Card

Instant Check Eligibility

Frequently Asked Questions About Biz Grow Credit Card

What is the HDFC Bank BizGrow Credit Card and what benefits does it offer to business owners?

The HDFC Bank BizGrow Credit Card is a business credit card designed for self-employed individuals and business owners who want to manage their business expenses efficiently. It offers up to 55 days of interest-free credit, CashPoints on eligible purchases, accelerated rewards on selected business expenses, fuel surcharge waiver, dining offers, and business insurance benefits. It can be useful for managing regular business payments while earning additional rewards.

Who is eligible to apply for the HDFC Bank BizGrow Credit Card in India?

The HDFC Bank BizGrow Credit Card is primarily designed for self-employed Indian citizens aged between 21 and 65 years. Applicants must meet the bank's applicable income and financial eligibility requirements. HDFC Bank may evaluate ITR, GST returns, bank statements, and business-related financial documents before approving an application. Final eligibility and approval depend on the bank's verification.

What is the minimum income requirement for the HDFC Bank BizGrow Credit Card?

The minimum income requirement for the HDFC Bank BizGrow Credit Card depends on the bank's prevailing eligibility criteria. Applicants should have valid business income records and supporting financial documents, such as Income Tax Returns (ITR) or GST returns. HDFC Bank may also consider the applicant's credit history, repayment behaviour, and overall financial profile during the application process.

What documents are required to apply for an HDFC Bank BizGrow Business Credit Card?

To apply for an HDFC Bank BizGrow Business Credit Card, applicants may need to provide the following documents:
PAN Card and identity proof.
Address proof.
Latest Income Tax Returns (ITR).
GST returns, if applicable.
Bank statements.
Business or merchant payment records, if required.
The exact documentation requirements may vary depending on the applicant's business profile and HDFC Bank's verification process.

How can I apply for the HDFC Bank BizGrow Credit Card online?

You can apply for the HDFC Bank BizGrow Credit Card online by visiting the Sum New Victory website and exploring the available HDFC Bank business credit card options. Select the BizGrow Credit Card, check the eligibility requirements, and proceed with the application through the available application link. You may need to verify your mobile number, PAN, and other personal or business details. Final approval is subject to HDFC Bank's verification.

What are the joining fees and annual renewal charges of the HDFC Bank BizGrow Credit Card?

The HDFC Bank BizGrow Credit Card has a joining fee of ₹500 plus applicable taxes. The annual renewal fee is also ₹500 plus applicable taxes. However, cardholders can qualify for a renewal fee waiver by spending ₹1 lakh or more during the previous anniversary year (12 billing cycles), subject to the bank's applicable terms and conditions.

How many CashPoints can I earn with the HDFC Bank BizGrow Credit Card?

The HDFC Bank BizGrow Credit Card offers 2 CashPoints on every ₹200 spent on eligible business purchases. Cardholders can also earn 10X CashPoints on selected business-related transactions, including eligible bill payments, GST payments, income tax payments, business software purchases, and hotel and flight bookings through specified platforms. Accelerated rewards are subject to transaction eligibility and applicable monthly limits.

How can I earn 10X CashPoints on business expenses using the HDFC Bank BizGrow Credit Card?

Cardholders can earn 10X CashPoints on selected business expenses through eligible platforms such as PayZapp, SmartPay, GST payment portals, income tax portals, DMart, ClearTax, and SmartBuy BizDeals. A minimum eligible spend of ₹10,000 in a statement cycle is required, and accelerated rewards are capped at 1,500 CashPoints per statement cycle. Applicable exclusions and terms and conditions apply.

What is the quarterly milestone benefit of the HDFC Bank BizGrow Credit Card?

The HDFC Bank BizGrow Credit Card offers 2,000 bonus CashPoints when eligible retail spending reaches ₹1 lakh in a quarter. This milestone benefit is calculated on qualifying retail purchases, excluding rent and petrol transactions. Business owners can use this benefit to earn additional rewards on their regular spending, subject to the bank's milestone benefit terms.

Does the HDFC Bank BizGrow Credit Card offer interest-free credit and fuel surcharge benefits?

Yes, the HDFC Bank BizGrow Credit Card offers up to 55 days of interest-free credit, depending on the transaction date and billing cycle, provided the outstanding balance is paid in full by the due date. It also provides a 1% fuel surcharge waiver at eligible fuel stations across India on transactions between ₹400 and ₹5,000, with a maximum benefit of ₹250 per statement cycle. Applicable conditions apply.

Is the HDFC Bank BizGrow Credit Card worth applying for small business owners and self-employed professionals?

The HDFC Bank BizGrow Credit Card can be a useful option for small business owners, entrepreneurs, traders, and self-employed professionals who regularly spend on business operations. Its benefits include accelerated CashPoints on selected business expenses, quarterly milestone rewards, GST and tax payment facilities, business travel discounts, fuel surcharge waivers, and optional business insurance packages. Before applying, compare the annual fee, eligible spending categories, reward redemption value, and your business spending requirements.