HDFC Biz Black Metal Edition Credit Card
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If you're an entrepreneur looking to improve your finances, the HDFC Biz Black Metal Edition Credit Card could be what you need. It offers great rewards for your business and some nice lifestyle perks. This premium card helps you make the most of your spending, whether for work or personal use.
Benefits
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Welcome Offer:
You’ll receive a Club Marriott Membership and a ₹5,000 voucher after spending ₹1.5 lakh within 90 days. The membership gives you 20% off on dining, stays, and spa services across the Asia-Pacific. -
Milestone Rewards:
For every ₹5 lakh you spend (excluding rent and petrol), you earn a ₹5,000 voucher. You can earn up to ₹20,000 in vouchers by spending ₹20 lakh each year. Plus, you can easily track your spending through a user-friendly portal. -
Travel Perks:
Enjoy unlimited access to over 1,000 lounges worldwide as a cardholder. Just make sure you've made at least one transaction in the last month. -
Rewards Program:
You earn 5 points for every ₹150 spent, and for certain business expenses, you get 25 points. -
Redemption:
1 point equals ₹1 when booking travel through SmartBuy (you can use up to 70% of your points for this). -
Fee Waivers:
Spend ₹1.5 lakh in 90 days to waive the joining fee. If you spend ₹7.5 lakh in the year, the renewal fee is also waived. -
Golf Benefits:
Get six free golf games each quarter at top courses worldwide, plus 24/7 booking assistance from concierge services. -
Business & Productivity Tools:
Enjoy discounts on software like Google Workspace and AWS through Nuclei on SmartBuy BizDeals. They also provide GST invoices for software purchases to assist with Input Tax Credit. -
Financial Flexibility & Security:
You get up to 55 days of interest-free credit. Pay big purchases in installments with Smart EMI, and there’s zero liability for lost cards if reported quickly. -
Business Insurance:
Get customized business insurance starting at just ₹3,785 a year. It covers fire and burglary up to ₹5 lakh and cash in transit or safe up to ₹25,000. -
Dining & Lifestyle Discounts:
Enjoy an extra 10% off at over 35,000 restaurants and up to 25% off on Swiggy at more than 20,000 restaurants. Club Marriott members can also get up to 20% off.
Other Features
- SmartPay allows you to set up automatic payments for utility bills, earning you cashback of up to ₹1,800 in the first year. Add a few bills, and you can earn e-vouchers worth up to ₹800.
- Contactless payments make secure transactions easy; you can spend up to ₹5,000 without a PIN in India.
- Use the MyCards platform to manage everything anytime — check transactions and set your PIN through MyCards, Mobile Banking, or NetBanking.
Fees & Charges
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Joining Fee
It’s ₹10,000 plus taxes, but you can avoid it by spending ₹1.5 lakh in the first 90 days. The first-year membership fee will be charged 120 days after you receive the card. -
Renewal Fee
The renewal fee is also ₹10,000 plus taxes, which you can skip if you spend ₹7.5 lakh or more in the previous year (or within a 12-month billing cycle). -
Finance Charges
If you miss a payment, expect a finance charge of 3.75% per month (45% annually) on your unpaid balance. Some places may offer a lower interest rate of 1.99% monthly (23.88% annually). Remember that late payments can hurt your credit score. -
Late Payment Fees
These depend on how much you owe. -
Cash Advance Fees
If you take cash from an ATM using your card, expect to pay 2.5% of the withdrawal amount or ₹500, whichever is higher. It's best to avoid cash withdrawals due to these high fees. -
Foreign Currency Markup Fee
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A 2% fee applies for transactions in foreign currency, whether overseas or for online purchases from international sites. This is lower than many other cards that charge 3% or more.
Eligibility & Documents
- You must be an Indian citizen and self-employed.
- Age: You should be between 21 and 65 years old.
- Your annual income should be over ₹30 lakh or ₹21 lakh.
- Please provide your ITR or GST return as proof of income, along with other documents for identity and address.
In summary, if your business expenses are high (especially if you spend over ₹7.5 lakh a year) and you travel frequently while enjoying lifestyle benefits, the HDFC Biz Black Metal Edition Credit Card could offer you great value and advantages.
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