HDFC Business MoneyBack Credit Card

Siddarth

The HDFC Business MoneyBack Credit Card is designed for self-employed individuals. It helps manage and earn rewards on daily business expenses. The card is budget-friendly and offers a strong rewards and cashback program to lower costs.

This card is all about giving self-employed individuals great benefits, letting you save more on daily expenses with a mix of points and cashback perks.

Here’s a quick look at what you can earn with this card:

Get 4 points for every Rs. 150 spent online.
Earn 2 points for every Rs. 150 on other retail transactions (but not on fuel, EMIs, or wallets).
Score 10 points per Rs. 150 on fuel, up to 1,000 points each billing cycle.
Get 2,500 bonus points each year after spending Rs. 1.8 lakh in a year.
Your points stick around for two years from when you earn them.
Redeem 100 points for Rs. 20 cashback; you'll need at least 2,500 points to cash in.
Convert your points into air miles at a rate of 1 point = 0.25 air miles.
Enjoy 5% cashback every month on business expenses like taxes and bills, capped at Rs. 250.
You’ll need to spend a minimum of Rs. 10,000 to be eligible for cashback.
HDFC current account holders can grab up to Rs. 500 cashback monthly during the first year.
Cashback is also available for GST and vendor payments.

Other cool benefits

Financial Flexibility

Get up to 50 days of interest-free payments after your purchase.
Break down big purchases into Easy EMI options.
Take out a loan on your credit card if you need to.

Enhanced Security and Protection

Enjoy Zero Loss Liability if your card gets lost or stolen, as long as you report it promptly.
Your purchases over Rs. 5,000 are protected against fire and theft.
Free accident insurance is included.
The card comes with a chip for safer transactions.

Fuel Surcharge Waiver
You’ll get a 1% surcharge waived on fuel spending over Rs. 400, capped at Rs. 250 per billing cycle.
Business Management Tools

Use the SmartHub app for easy vendor and distributor payments.
Possible savings on POS machine rent if you're an eligible HDFC Bank customer.

Fees and Charges

Joining fee is Rs. 500 + taxes, which might be waived for the first year.
Annual fee is Rs. 500 + taxes, but it can be waived if your spending goes over Rs. 50,000 a year.
Finance charges are 3.6% monthly (43.2% yearly) or 3.75% monthly (45% yearly).
You get an interest-free grace period of up to 50 days if you pay on time.
Late payment charges vary based on your balance, ranging from Rs. 0 to Rs. 1,300.
Redeeming reward points might come with a fee of Rs. 99.
Overlimit transactions will cost you 2.5% or at least Rs. 500.
A 1% fuel surcharge is waived on spends over Rs. 400, capped at Rs. 250.

Eligibility
You need to be self-employed, between 21 to 65 years old, and have a minimum annual Income Tax Return (ITR) of Rs. 6 lakh.

Conclusion
If you're self-employed and looking to cut down on costs while racking up rewards, the HDFC Business MoneyBack Credit Card is definitely worth considering.