Business credit cards are tailored to meet the unique needs of entrepreneurs and business owners, providing rewards and perks for professional expenses. HDFC Bank offers two key options: the HDFC BizFirst Credit Card and the HDFC Business MoneyBack Credit Card. Both cards are designed to help manage business-related expenses while offering benefits like rewards, cashback, and other features. With an annual fee of ₹500 (exclusive of taxes), let’s dive into the details and compare the features of both cards to find the best fit for your business.
HDFC BizFirst Credit Card:
- Reward Rate:
- 3% CashPoints on EMI spends.
- 2% on utility bill payments and SmartPay/Payzapp transactions.
- 1% CashPoints on other spends, including UPI transactions.
- Welcome Benefits: ₹250 voucher.
- Milestone Benefits: Earn 2,000 CashPoints on quarterly spends over ₹75,000.
- Dining Benefits: 7.5% discount up to ₹250 on restaurant bills via Swiggy/Dineout.
- Redemption Options: CashPoints can be redeemed for vouchers, flight/hotel bookings, or cashback.
- Annual Fee Waiver: Renewal fee waived on annual spends of ₹50,000 or more.
- Eligibility: Resident of India aged between 21 to 65 with an annual ITR of ₹6 lakhs.
HDFC Business MoneyBack Credit Card:
- Reward Rate:
- 4 Reward Points on every ₹150 spent online.
- 2 Reward Points on every ₹150 spent on retail transactions.
- Cashback: 5% cashback on telecom, utility, government, and tax payments.
- Milestone Benefits: Earn 2,500 Reward Points on annual spends over ₹1,80,000.
- Dining Benefits: Up to 20% off on restaurant bills via Swiggy/Dineout.
- Redemption Options: Reward Points can be redeemed for cashback, gifts, or air miles (100 RP = ₹20).
- Annual Fee Waiver: Renewal fee waived on annual spends of ₹50,000 or more.
- Eligibility: Resident of India aged between 21 to 65 with an annual ITR of ₹6 lakhs.
Side-by-Side Comparison:
| Category | HDFC BizFirst Credit Card | HDFC Business MoneyBack Credit Card |
|---|---|---|
| Annual Fees | ₹500 | ₹500 |
| Reward Rate | 3% CP on EMI spends, 2% CP on utility & SmartPay, 1% CP on other spends including UPI | 4 RP on every ₹150 spent online, 2 RP on other spends |
| Reward Redemption | CP can be redeemed for vouchers, cashback, etc. | RP can be redeemed for cashback, gifts, and air miles (100 RP = ₹20) |
| Welcome Benefits | ₹250 voucher (Amazon/Swiggy) | N/A |
| Dining/Entertainment | 7.5% off (up to ₹250) on Swiggy/Dineout | Up to 20% off on Swiggy/Dineout |
| Milestone Benefits | 2,000 CashPoints on ₹75,000 quarterly spends | 2,500 RP on ₹1,80,000 annual spends |
| Fee Waiver | Renewal fee waived on ₹50,000 annual spends | Renewal fee waived on ₹50,000 annual spends |
| Travel Benefits | N/A | N/A |
Apply now : HDFC Credit Card
Both cards offer unique benefits for business owners, with BizFirst focusing more on EMI and utility spends while Business MoneyBack offers higher rewards for online transactions. Choose the one that aligns with your business spending patterns and maximize your rewards!