HDFC Business Money Back Credit Card

HDFC Business Money Back Credit Card Details
Type of Credit Card Cashback + Rewards
Reward Points On every Rs. 150 spent, earn 4 RPs (online spends) and 2 RPs (other spends except fuel)
Facilities Easy EMIs, Contactless Payments, Fuel Surcharge Waiver, Welcome Benefit, Dining Benefits, Renewal Offers, etc.

HDFC Business Money Back Credit Card offers amazing cashbacks and reward points. This facility is available for self-employed individuals who fulfill certain criteria. You can earn 4 and 2 reward points (RPs) on online spends and other expenses, respectively. The points are available on every spend of Rs. 150. You can redeem RPs as cashback or exclusive gifts. 100 RPs equal to Rs. 20. Apart from the rewards, you also get up to 50 days interest-free credit period.

In the below post, we will discuss the HDFC Bank Business Money Back Credit Card eligibility, features, facilities, and frequently asked questions.

Eligibility for HDFC Bank Business MoneyBack Credit Card

Here are the eligibility criteria:

  • An Indian citizen who is self-employed.
  • The person must be between 21 and 65 years of age.
  • The applicant’s annual ITR should be over Rs. 6 lakhs.
  • People can apply for this card using GST returns, ITR, merchant payment reports, or bank statements.

Features of HDFC Business Money Back Credit Card

Here are the features:

  • Get reward points (RPs) on spending Rs. 150 every time. 4 RPs on online spends and 2 RPs on other expenses other than that on fuel.
  • Enjoy revolving credit on the credit card. You will be charged a nominal interest rate.
  • You will receive a POS rental reversal. This is applicable on a monthly spend of at least Rs. 30,000 on the credit card. Also, Rs. 25,000 should be the monthly volume on the POS machine. The capping of the same is Rs. 1,000 per month.
  • Register the card on HDFC Bank’s utility bill payment service with SmartPay. Then you can pay the utility bills on time.
  • If there is a loss of card, then it is a zero-liability on fraudulent transactions if you report the loss immediately.
  • You can redeem RPs for cashback. Rs. 20 for 100 reward points.
  • Earn an interest-free credit period of up to 50 days.
  • Business card holders will get an exclusive SmartBuy business portal.
  • Double cashback for current account holders on business necessities such as utility, telecom, government, and tax payments. Charges are Rs. 500 per statement.
  • 5% cashback on electricity, telecom, taxi, railway, hotels and dining, government/tax.
  • In the above scenario, the maximum cash back is Rs. 250 per statement. This is applicable on a monthly minimum spend of Rs. 10,000.

Welcome Benefit, Fuel Surcharge Waiver, Dining Benefit

Here are the features:

  • For Credit Cards sourced before 20 January 2021 – Complimentary annual Gold Membership for Zomato if you spend Rs. 75,000 or more in the initial 3 months.
  • Get a 1% fuel surcharge waiver on fuel transactions. Here the minimum transaction should be Rs. 400. You can expect a maximum cashback of Rs. 250. This is based on the per statement cycle.
  • Save up to 20% on payments through Dineout Pay. Avail of 5% additional off on paying through Dineout Pay linked to the HDFC Business Moneyback.
  • For 200+ restaurants, get 1+1 buffet.
  • At 2000+ premium restaurants, get a flat 25% off.
  • Early access to festivals and events such as Gourmetlicious.

Note: When you spend Rs. 30,000 and above at every quarter with the Credit Card, only then the Dineout Passport Membership will apply. This membership will last for 3 months in one city.

Exclusive EASYEMI Offers

Here are the offers:

  • You can make purchases on easy EMI offers.
  • This is valid for SMEs.
  • You can avail of the EASYEMI offer on the purchase of electronics, furniture, interiors, ACs, and bulk things at no cost EMI.
  • The offer applies to brands such as Dash Square, Damro, Kelvinator, Durian Industries, EVOK, Godrej Interior, Furniturewalla, Royal Oak, The Maark Trendz, Stanley, Reliance Digital, and Blue Star.

Contactless Payment

Here are the terms:

  • You can make contactless payments for secure, convenient, and quick payments at retail outlets.
  • You can also use this facility at merchant locations that accept contactless cards.

Renewal Offer and Annual Spend Benefit

Here are the provisions:

  • In the first 90 days, spend Rs. 20,000 and get the membership fee waived off for the first year.
  • In 12 months, spend Rs. 50,000 and get a waiver on the renewal fee for the next renewal year.
  • Receive 2,500 bonus RPs on spending Rs. 1,80,000 annually.

Reward Point/Cashback Redemption and Validity

Here are the conditions:

  • You can redeem the reward points accumulated for cashback. Get Rs. 20 for 100 RPs. The minimum value of the redemption amount is Rs. 2,500.
  • You can also redeem the RPs for air miles, gifts, and other exclusive offers at the applicable rate of redemption.
  • Rs. 99 per request is charged as a reward redemption fee on all the redemptions.

Frequently Asked Questions about HDFC Business Money Back Credit Card

Here are the FAQs on HDFC Business Money Back Credit Card:

The joining/renewal membership fee is Rs. 500 + applicable taxes. Find here, the applicable fees and charges on the credit card.

RPs are accumulated on a minimum transaction of Rs. 150. Here, we will consider an illustration. For instance, you spend Rs. 12,000 on retail purchases in a month. Also, you spend Rs. 15,000 online shopping in that month. Thus, the calculation of the RP will be as follows:

  • 2 reward points on retail spends of Rs. 12,000: Rs. 12,000 x 2/150 = 160
  • 4 reward points on online spends of Rs. 15,000: Rs. 15,000 x 4/150 = 400
  • Thus, the total RPs earned are 160 + 400 = 560

You can redeem the RPs for exciting gifts at the applicable redemption rate or cashback. You need to drop a redemption request through net banking. Simply log into your account. Go to Cards, click ‘Enquire’, and select ‘Redeem Reward Points’. You can also redeem through Phone banking. Contact the phone banking number through a call to redeem the RPs. The number to call will be on the backside of the card.

You can pay the bill through net banking, mobile banking app, cash, auto-pay, ATM funds transfer, cheque, from a non-HDFC bank account, etc.

To report a lost or stolen card, you need to call the credit card customer service. Customer support can even help with a change of address, contact number, etc. You can find the phone banking numbers on the reverse end of the card. You can also report theft and loss through net banking. If you recover the card after reporting the loss, you can cut the card into 4 pieces diagonally. Cut the card in a way that the chip embedded on the card gets destroyed. This will prevent misuse after disposal of the credit card.

You will receive complimentary Zomato Gold Membership if you spend Rs. 75,000 in the initial 3 months of receiving the Business credit card. You will get 2 complimentary drinks at partnered Zomato restaurants. Or, you may get a complimentary dish on every visit to a Gold food parent restaurant.



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HDFC Business Money Back Credit Card

HDFC Business Money Back Credit Card Details
Type of Credit Card Cashback + Rewards
Reward Points On every Rs. 150 spent, earn 4 RPs (online spends) and 2 RPs (other spends except fuel)
Facilities Easy EMIs, Contactless Payments, Fuel Surcharge Waiver, Welcome Benefit, Dining Benefits, Renewal Offers, etc.

HDFC Business Money Back Credit Card offers amazing cashbacks and reward points. This facility is available for self-employed individuals who fulfill certain criteria. You can earn 4 and 2 reward points (RPs) on online spends and other expenses, respectively. The points are available on every spend of Rs. 150. You can redeem RPs as cashback or exclusive gifts. 100 RPs equal to Rs. 20. Apart from the rewards, you also get up to 50 days interest-free credit period.

In the below post, we will discuss the HDFC Bank Business Money Back Credit Card eligibility, features, facilities, and frequently asked questions.

Eligibility for HDFC Bank Business MoneyBack Credit Card

Here are the eligibility criteria:

  • An Indian citizen who is self-employed.
  • The person must be between 21 and 65 years of age.
  • The applicant’s annual ITR should be over Rs. 6 lakhs.
  • People can apply for this card using GST returns, ITR, merchant payment reports, or bank statements.

Features of HDFC Business Money Back Credit Card

Here are the features:

  • Get reward points (RPs) on spending Rs. 150 every time. 4 RPs on online spends and 2 RPs on other expenses other than that on fuel.
  • Enjoy revolving credit on the credit card. You will be charged a nominal interest rate.
  • You will receive a POS rental reversal. This is applicable on a monthly spend of at least Rs. 30,000 on the credit card. Also, Rs. 25,000 should be the monthly volume on the POS machine. The capping of the same is Rs. 1,000 per month.
  • Register the card on HDFC Bank’s utility bill payment service with SmartPay. Then you can pay the utility bills on time.
  • If there is a loss of card, then it is a zero-liability on fraudulent transactions if you report the loss immediately.
  • You can redeem RPs for cashback. Rs. 20 for 100 reward points.
  • Earn an interest-free credit period of up to 50 days.
  • Business card holders will get an exclusive SmartBuy business portal.
  • Double cashback for current account holders on business necessities such as utility, telecom, government, and tax payments. Charges are Rs. 500 per statement.
  • 5% cashback on electricity, telecom, taxi, railway, hotels and dining, government/tax.
  • In the above scenario, the maximum cash back is Rs. 250 per statement. This is applicable on a monthly minimum spend of Rs. 10,000.

Welcome Benefit, Fuel Surcharge Waiver, Dining Benefit

Here are the features:

  • For Credit Cards sourced before 20 January 2021 – Complimentary annual Gold Membership for Zomato if you spend Rs. 75,000 or more in the initial 3 months.
  • Get a 1% fuel surcharge waiver on fuel transactions. Here the minimum transaction should be Rs. 400. You can expect a maximum cashback of Rs. 250. This is based on the per statement cycle.
  • Save up to 20% on payments through Dineout Pay. Avail of 5% additional off on paying through Dineout Pay linked to the HDFC Business Moneyback.
  • For 200+ restaurants, get 1+1 buffet.
  • At 2000+ premium restaurants, get a flat 25% off.
  • Early access to festivals and events such as Gourmetlicious.

Note: When you spend Rs. 30,000 and above at every quarter with the Credit Card, only then the Dineout Passport Membership will apply. This membership will last for 3 months in one city.

Exclusive EASYEMI Offers

Here are the offers:

  • You can make purchases on easy EMI offers.
  • This is valid for SMEs.
  • You can avail of the EASYEMI offer on the purchase of electronics, furniture, interiors, ACs, and bulk things at no cost EMI.
  • The offer applies to brands such as Dash Square, Damro, Kelvinator, Durian Industries, EVOK, Godrej Interior, Furniturewalla, Royal Oak, The Maark Trendz, Stanley, Reliance Digital, and Blue Star.

Contactless Payment

Here are the terms:

  • You can make contactless payments for secure, convenient, and quick payments at retail outlets.
  • You can also use this facility at merchant locations that accept contactless cards.

Renewal Offer and Annual Spend Benefit

Here are the provisions:

  • In the first 90 days, spend Rs. 20,000 and get the membership fee waived off for the first year.
  • In 12 months, spend Rs. 50,000 and get a waiver on the renewal fee for the next renewal year.
  • Receive 2,500 bonus RPs on spending Rs. 1,80,000 annually.

Reward Point/Cashback Redemption and Validity

Here are the conditions:

  • You can redeem the reward points accumulated for cashback. Get Rs. 20 for 100 RPs. The minimum value of the redemption amount is Rs. 2,500.
  • You can also redeem the RPs for air miles, gifts, and other exclusive offers at the applicable rate of redemption.
  • Rs. 99 per request is charged as a reward redemption fee on all the redemptions.

Frequently Asked Questions about HDFC Business Money Back Credit Card

Here are the FAQs on HDFC Business Money Back Credit Card:

The joining/renewal membership fee is Rs. 500 + applicable taxes. Find here, the applicable fees and charges on the credit card.

RPs are accumulated on a minimum transaction of Rs. 150. Here, we will consider an illustration. For instance, you spend Rs. 12,000 on retail purchases in a month. Also, you spend Rs. 15,000 online shopping in that month. Thus, the calculation of the RP will be as follows:

  • 2 reward points on retail spends of Rs. 12,000: Rs. 12,000 x 2/150 = 160
  • 4 reward points on online spends of Rs. 15,000: Rs. 15,000 x 4/150 = 400
  • Thus, the total RPs earned are 160 + 400 = 560

You can redeem the RPs for exciting gifts at the applicable redemption rate or cashback. You need to drop a redemption request through net banking. Simply log into your account. Go to Cards, click ‘Enquire’, and select ‘Redeem Reward Points’. You can also redeem through Phone banking. Contact the phone banking number through a call to redeem the RPs. The number to call will be on the backside of the card.

You can pay the bill through net banking, mobile banking app, cash, auto-pay, ATM funds transfer, cheque, from a non-HDFC bank account, etc.

To report a lost or stolen card, you need to call the credit card customer service. Customer support can even help with a change of address, contact number, etc. You can find the phone banking numbers on the reverse end of the card. You can also report theft and loss through net banking. If you recover the card after reporting the loss, you can cut the card into 4 pieces diagonally. Cut the card in a way that the chip embedded on the card gets destroyed. This will prevent misuse after disposal of the credit card.

You will receive complimentary Zomato Gold Membership if you spend Rs. 75,000 in the initial 3 months of receiving the Business credit card. You will get 2 complimentary drinks at partnered Zomato restaurants. Or, you may get a complimentary dish on every visit to a Gold food parent restaurant.

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