HDFC BizGrow Credit Card, In today’s fast-paced business environment, having the right financial tools at your disposal is crucial for success. One such tool that can significantly enhance your financial management is the HDFC BizGrow Credit Card.
Designed specifically for business owners and entrepreneurs, this credit card offers a range of features and benefits that can help you streamline your business expenses and enjoy financial flexibility.
Key Features of the HDFC BizGrow Credit Card
- Up to 55 days Interest Free Credit Period.
- Earn 2 Cash Points on every Rs.150 spent for your business needs
- Earn 10X Cash Points on your select Business spends such as
- Bill Payment via Payzapp & SmartPay
- Income Tax/ Advance Tax payment via eportal.incometax.gov.in View steps.
- GST payment via payment.gst.gov.in view steps
- Hotel & flight booking on MMT MyBiz powered by SmartBuy BizDeals
- Business Productivity tools like Tally, Office 365, AWS, Google, Credflow, Azure & more via SmartBuy BizDeals – Nuclei
- Dmart
- Cleartax
Note: 10X Cash Points applicable on minimum spends Rs. 10,000 in statement cycle.
Maximum 1,500 Cash Points per statement cycle.
Click here to view your savings on Biz Grow Credit Card
Additional Benefit for your Business
- Make GST payment using Business Credit Card: Via GST portal: payment.gst.gov.in : Click here to view the steps.
- Pay Income Tax/ Advance Tax using Business Credit Card(eportal.incometax.gov.in):
- SmartBuy BizDeals:
- Avail upto 40% savings on your Business travel and software purchase on smartbuy.hdfcbank.com/business
- Business Travel Benefits via MMT MyBiz :
- – 4% off on Flights and Hotels booking.
- – Discounted Fares, Free Meal & Seat Selection, Low Fees for Cancellation
- Business Productivity Tools via – Nuclei :
- – Instant discount on your Business Software such as Google Workspace, Tally Prime, AWS, Microsoft Azure & more.
- – Get GST Invoice for availing Input Tax Credit .
Card Activation Benefit of BizGrow Credit Card
Get a Gift voucher worth Rs.250 on making one transaction on your Biz Grow Credit card within first 37 days of card issuance. Voucher is redeemable on top brands like Amazon, Swiggy & more.
Milestone Benefits of BizGrow Credit Card
- Earn 2000 CashPoints every quarter on your quarterly spends of Rs. 1,00,000. (On all retail spends excluding rent and petrol)
- Redeem your CashPoints against statement. (Earn 1 CashPoint = Upto Rs.0.25)
Additional Benefits of BizGrow Credit Card
- Fuel Surcharge Waiver: 1% fuel surcharge waiver at all fuel stations across India
(on minimum transaction of ₹400 and maximum transaction of ₹5000. Max Cashback of ₹250 per statement cycle) - Dining Benefits: Get up to 20% savings on all your restaurant bill payments with Swiggy Dineout on paying via Swiggy App using your card (20k + restaurants). Click Here to Know more.
- SmartPay:
– SmartPay is an automatic payment facility available on your Credit Card to pay your utility bills.
– Get assured cashback upto Rs. 1800 in the first year and exciting e-vouchers worth upto Rs.800 for adding 2 or more bills on Smart Pay. - Zero Lost card liability: In the unfortunate event of losing your HDFC Bank Biz Grow Credit Card, on reporting it immediately to Customer Care Toll Free Number: 1800 1600 / 1800 2600, you have zero liability on any fraudulent transactions made on your Credit Card.
- Credit liability cover: Rs. 3 lakh
Business Insurance Benefit of BizGrow Credit Card
Secure your Business with specially curated Business Insurance package!
Avail Business Insurance package starting at an annual premium of Rs.3,785 which includes:
- Fire & Burglary insurance for Shop up to Rs. 5 lacs
- Cash in Safe/Transit up to Rs.25,000
- Electronic Equipment insurance excluding terrorism up to Rs.50,000
- Hospital Cash: Accident only amount payable per day up to Rs.1000
- Hospital Cash: Illness only amount payable per day up to Rs.1000
- Also, Cardholders have the option to choose higher Business Insurance cover as per their Business need.
Eligibility of BizGrow Credit Card
HDFC Bank Biz Grow Credit Card Eligibility :
A Self Employed Indian Citizen aged between 21 yrs. to 65 Yrs.
Annual ITR above Rs 6 Lakhs
(Customers can apply credit card using ITR, GST returns, Bank Statements and Merchant payment report)
Fees and Charges of BizGrow Credit Card
1. Joining/Renewal Membership Fee – Rs. 500/- plus Applicable Taxes
2. Please Click here to view the fees and charges applicable on your HDFC Bank Biz Grow Credit Card.
3. Spend Rs. 1 Lakhs in an anniversary year (12 billing cycles) and get Renewal Fee waived for next renewal year.
Saving on BizGrow Credit Card
Save up to ₹ 27,300 annually on BizGrow Credit Card.
Click Here to know savings on your card.
BizGrow Credit Card Network
When considering the HDFC BizGrow Credit Card, it’s important to note that it is mostly offered on the Visa network, ensuring wide acceptance and reliability.
I recently applied for this card and noticed that during the application process, there was no option to select the card network. Despite this, when I received my HDFC BizGrow Credit Card, it was issued on the Visa network, aligning with the general trend.
This seamless experience highlights Visa’s widespread usage and acceptance, making the card a dependable choice for business transactions both domestically and internationally.
My Review of the BizGrow Credit Card
The HDFC BizGrow Credit Card stands out as an excellent choice for managing business transactions, offering a range of features that cater to the needs of business owners.
With its generous credit limits, rewards program, and robust expense management tools, it provides significant value for day-to-day business expenses.
However, one limitation to note is that it is not suitable for UPI transactions. For businesses heavily reliant on UPI payments, this might be a drawback.
Despite this, the BizGrow Credit Card remains a top pick for its efficiency and reliability in handling larger business transactions.
How to apply for HDFC BizGrow Credit Card?
Applying for the HDFC BizGrow Credit Card is a straightforward process designed to cater to the needs of business owners. You can start by visiting the HDFC Bank website and navigating to the credit card section. Here, you will find the BizGrow Credit Card listed among other offerings.
Click on the application link and fill out the required details, including your personal and business information. Ensure that you have all necessary documents, such as proof of identity, business registration, and financial statements, ready for upload.
Submit the online application and wait for verification. Once your application is processed and approved, you will receive your HDFC BizGrow Credit Card by mail, ready to be activated and used for your business transactions.
If you prefer, you can also visit your nearest HDFC Bank branch to apply in person and receive assistance from a bank representative.
HDFC BizGrow Credit Card Lounge Access Review
The HDFC BizGrow Credit Card does not offer complimentary airport lounge access as one of its key benefits, which might be a limitation for business travelers who prioritize this feature. Many business credit cards provide lounge access to offer comfort and convenience during travel, but this card focuses more on reward points for business-related expenses and cashback on fuel and utility spends.
If lounge access is an important feature for you, you might want to consider other business credit cards that specifically offer complimentary domestic or international lounge visits. For those who don’t require lounge access, the HDFC BizGrow Credit Card could still be a valuable tool for managing business expenses and earning rewards.
Is HDFC BizGrow Credit Card Good 2024?
The HDFC BizGrow Credit Card is a good option for business owners looking for a card tailored to business transactions. It offers various benefits, such as reward points on business spends, fuel surcharge waivers, and cashback on specific categories like travel and office expenses.
However, one limitation is that the card may not support UPI transactions, which could be a drawback for those who rely on UPI for payments. Additionally, the card is offered on the Visa network without the option to choose between different card networks, which might be a point of consideration for users preferring other networks like MasterCard.
Overall, the HDFC BizGrow Credit Card is beneficial for business-related expenditures but may not be the best choice for those who need UPI integration or want more flexibility with card networks.
HDFC BizGrow Credit Card Benefits PDF
The HDFC BizGrow Credit Card offers a range of benefits tailored to business owners, making it a great tool for managing day-to-day business expenses. Some key benefits include reward points on business spends, cashback on fuel and utility bills, and easy EMI options for high-value purchases.
The card also provides attractive offers on travel and hotel bookings, allowing businesses to save more while handling travel expenses. Additionally, it helps streamline financial management with its comprehensive statements.
To learn more, you can download the HDFC BizGrow Credit Card Benefits PDF, which provides a detailed overview of the card’s features, rewards structure, and terms, helping you understand how it can optimize your business finances.
HDFC BizGrow Credit Card Limit
The HDFC BizGrow Credit Card offers a flexible credit limit tailored to meet the financial needs of businesses. The credit limit on this card is determined based on several factors, including the applicant’s credit score, income, business turnover, and overall financial profile.
This ensures that business owners have access to sufficient credit for handling day-to-day business expenses and larger purchases.
Additionally, the card offers the flexibility of converting large transactions into EMIs, making it easier to manage cash flow. The specific credit limit assigned to each cardholder can vary, and you can always request an increase in the limit after demonstrating responsible card usage over time.
HDFC BizGrow Credit Card Charges
The HDFC BizGrow Credit Card comes with a range of charges that cardholders should be aware of before applying. The annual fee for the card is generally nominal, and it is often waived off if a certain amount of spending is achieved within a year.
However, like most credit cards, the BizGrow card has interest rates on outstanding dues, cash withdrawal fees, and late payment penalties. Additionally, there may be charges for foreign currency transactions and over-limit usage.
It is important to review the full fee structure, including balance transfer fees and any applicable EMI conversion charges, to make sure the card fits your financial needs. Understanding these charges will help you use the card effectively and avoid unnecessary fees. Check HDFC BizGrow Credit Card Charges
Conclusion
The HDFC BizGrow Credit Card is an excellent choice for business owners looking to optimize their financial management.
With its wide acceptance network, affordable joining fee, and a plethora of rewards and benefits, it stands out as a valuable tool for any business. By leveraging the features of this card, you can streamline your expenses, enjoy greater financial flexibility, and ultimately, grow your business more effectively.
For more information and to apply for the HDFC BizGrow Credit Card, visit the HDFC Bank website or your nearest branch today.
