HDFC Bank BizBlack Metal Edition Credit Card – Benefits, Fees & Eligibility

Introduction

The HDFC Bank BizBlack Metal Edition Credit Card is a super premium business credit card designed to provide significant credit and rewards on essential business expenses for businesses of all sizes, especially larger enterprises. This card offers an interest-free credit period of up to 55 days. It comes with substantial benefits including accelerated reward points on business-related categories, unlimited airport lounge access globally, complimentary golf games, and comprehensive business insurance options. Upon meeting a spend criterion, new cardholders receive a Club Marriott Annual Membership and Taj Stay vouchers. The card also features milestone benefits, allowing cardholders to earn additional vouchers on reaching specific spend thresholds.

Welcome Benefits

• Complimentary Club Marriott Annual Membership.
• Taj Stay voucher worth ₹5,000.
• These benefits are availed on spends of ₹1.5 lakhs within the first 90 days of card issuance.
• Club Marriott membership offers up to 20% discounts for dining, stay, and spa services across the Asia-Pacific region.
• The welcome benefit spends can be easily tracked and redeemed via the Milestone redemption portal.
• The First Year Joining Fee can be waived off if ₹1.5 Lakhs is spent within the first 90 days of card issuance (applicable for fresh issuance only).

Fees

• Joining Fee: ₹10,000 + Applicable Taxes.
• Renewal Fee: ₹10,000 + Applicable Taxes.
• Spend-Based Waiver:
  • Renewal fee waived off if ₹7.5 Lakhs and more are spent in the previous year (12 billing cycles).
  • First Year Joining Fee waived off if ₹1.5 Lakhs is spent within the first 90 days of card issuance (applicable for fresh issuance only).
• Rewards Redemption Fee: Nil.
• Foreign Currency Markup: 2% of the total transaction amount.
• Interest Rates: 1.99% monthly (23.88% annually).
• Cash Advance Charges: 2.5% or ₹500, whichever is higher.
• Fuel Surcharge: Not applicable.

Rewards

• General Rewards Rate:
  • Earn 5 Reward Points (RP) on every ₹150 spent for your business needs.
  • 1 Reward Point is equivalent to up to ₹1.
  • A maximum of 1,50,000 Reward Points can be earned in a statement cycle.
• Accelerated 5X Reward Points (25 RP per ₹150 spent):
  • Applicable on select business spends upon a minimum spend of ₹50,000 in a statement cycle.
  • Maximum 10,000 RP can be earned at an accelerated 5X rate per statement cycle.
  • Eligible categories for 5X Reward Points include:
    • Bill Payment via Payzapp & SmartPay.
    • Income Tax/Advance Tax payment via eportal.incometax.gov.in.
    • GST payment via payment.gst.gov.in.
    • 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.
    • Insurance payments (capped at 5,000 RPs per day).
• Exclusions for Reward Points:
  • No Reward Points are awarded for fuel, education, and rent payments.
  • Reward Points for grocery purchases are capped at 2,000 points per month.
• Movies & Dining:
  • Enjoy FLAT 10% EXTRA OFF (up to ₹400, twice each month) on dining bills at 35K+ restaurants via Swiggy Dineout.
  • Avail up to 20% discount on dining via Club Marriott membership.
  • Exclusive dining offers are available under Diners Exclusive Benefit.
• Travel:
  • Avail up to 40% savings on business travel and software purchases on SmartBuy BizDeals.
  • Business Travel Benefits via MMT MyBiz include:
    • 4% off on Flights and Hotels booking.
    • Discounted Fares.
    • Free Meal & Seat Selection.
    • Low Fees for Cancellation.
• Domestic Lounge Access:
  • Unlimited airport lounge access to 1000+ lounges globally for primary and add-on card members.
  • Access is valid for "Active cardholders" defined as those who have made a minimum of 1 online/in-store transaction in the last month.
  • Active cardholders can enjoy unlimited lounge access from the 5th of the current month.
• International Lounge Access:
  • Unlimited airport lounge access to 1000+ lounges globally for primary and add-on card members.
  • Priority Pass is not required for international lounge access.
  • No guest visits are allowed for lounge access.
  • Access is valid for "Active cardholders" defined as those who have made a minimum of 1 online/in-store transaction in the last month.
  • Active cardholders can enjoy unlimited lounge access from the 5th of the current month.
• Golf:
  • Enjoy 6 complimentary golf games per quarter across the finest courses in the world.
  • Receive a 100% green fee waiver across golf courses in India.
  • 24x7 booking assistance is available by calling the concierge.
• Insurance:
  • Business Insurance Package: Avail a specially curated business insurance package starting at an annual premium of ₹3,785, which includes:
    • Fire & Burglary insurance for Shop up to ₹5 lacs.
    • Cash in Safe/Transit up to ₹25,000.
    • Electronic Equipment insurance (excluding terrorism) up to ₹50,000.
    • Hospital Cash: Accident only amount payable per day up to ₹1,000 (30 Days Cover).
    • Hospital Cash: Illness only amount payable per day up to ₹1,000 (30 Days Cover).
  • Higher Insurance Cover Options: Cardholders have the option to choose higher business insurance covers:
    • Insurance Plan 1 (Premium with GST: ₹3,785):
      • Fire & Burglary insurance for Shop: ₹5,00,000
      • Cash in Safe: ₹25,000
      • Cash in Transit: ₹25,000
      • Electronic Equipment insurance: ₹50,000
      • Hospital Cash (Accident Only/Day): ₹1,000
      • Hospital Cash (Illness Only/Day): ₹1,000
    • Insurance Plan 2 (Premium with GST: ₹7,341):
      • Fire & Burglary insurance for Shop: ₹10,00,000
      • Cash in Safe: ₹50,000
      • Cash in Transit: ₹50,000
      • Electronic Equipment insurance: ₹1,00,000
      • Hospital Cash (Accident Only/Day): ₹1,500
      • Hospital Cash (Illness Only/Day): ₹1,500
    • Insurance Plan 3 (Premium with GST: ₹14,681):
      • Fire & Burglary insurance for Shop: ₹20,00,000
      • Cash in Safe: ₹1,00,000
      • Cash in Transit: ₹1,00,000
      • Electronic Equipment insurance: ₹2,00,000
      • Hospital Cash (Accident Only/Day): ₹2,000
      • Hospital Cash (Illness Only/Day): ₹2,000
    • Insurance Plan 4 (Premium with GST: ₹28,185):
      • Fire & Burglary insurance for Shop: ₹50,00,000
      • Cash in Safe: ₹2,50,000
      • Cash in Transit: ₹2,50,000
      • Electronic Equipment insurance: ₹2,50,000
      • Hospital Cash (Accident Only/Day): ₹5,000
      • Hospital Cash (Illness Only/Day): ₹5,000
  • Credit Liability Cover: Up to ₹9 lakhs.
• Lifestyle & Wellness:
  • Diners Exclusive Benefit offers Health & Wellness discounts, including up to 15% off on Fitness memberships, pharmacy purchases & more.
  • Avail discounts and deals at leading spas, salons, and gyms.
• Milestone Benefits:
  • Get SmartBuy Flight / Taj Stay Voucher worth ₹5,000 on every ₹5 Lakhs spent.
  • This is applicable on all retail spends excluding rent and petrol.
  • Cardholders can earn vouchers worth up to ₹20,000 in a calendar year (on ₹20 Lakhs spends).
  • The calendar year is defined as January to December.
  • Milestone benefit must be redeemed within 90 days of qualification; after this period, the benefit will expire.
  • Only one voucher worth ₹5,000 can be redeemed at the cardholder’s discretion.
  • Flight Vouchers are valid for six months from the date of redemption.
  • Taj Stay Vouchers are valid for 365 days from the date of redemption.
  • Voucher validity cannot be extended after expiry.
  • Easily track your Milestone spends & redeem benefits via the Milestone redemption portal.
• SmartBuy Benefits:
  • Get up to 10X Reward Points on Flipkart, MakeMyTrip, Apple Imagine Tresor, on the SmartBuy platform.
• SmartPay Benefits:
  • SmartPay is an automatic payment facility for utility bills using your Credit Card.
  • Get assured cashback up to ₹1,800 in the first year.
  • Receive exciting e-vouchers worth up to ₹800 for adding 2 or more bills on Smart Pay.
• Easy & Smart EMI:
  • Smart EMI: Convert your big spends into EMI after purchase.
  • Easy EMI: Choose an EMI option for large online or in-store purchases using your Biz Black Credit Card. EMI Amount, Total Loan Amount, and Rate of Interest will be displayed at the time of the transaction.
• Zero Lost Card Liability:
  • In case of card loss, reporting it immediately to Customer Care (Toll Free Number: 1800 266 3310) ensures zero liability on any fraudulent transactions.

Rewards Redemption Guide

• Redemption Value per Reward Point:
  • Cashback against statement balance: ₹0.30 (e.g., 1000 RP = ₹300).
  • Flights/Hotel booking on SmartBuy: ₹1 (e.g., 1000 RP = ₹1000).
  • Product Catalogue via Netbanking & SmartBuy: Up to ₹0.5 (e.g., 1000 RP = Up to ₹500).
  • Airmiles conversion via Netbanking (KrisFlyer, Club Vistara): 1 Airmile (e.g., 1000 RP = 1000 Airmiles).
  • Business Catalogue via Netbanking & SmartBuy (Cleartax, Wework, Greythr, Microsoft Office, Tally, Amazon for Business, Google Ads by MeDigits, Meta Ads by MeDigits): Up to ₹1 (e.g., 1000 RP = Up to ₹1000).
• Minimum Redemption: A minimum of 2,500 Reward Points is needed to redeem against statement balance.
• Caps on Redemption:
  • For flights and hotel bookings, and select vouchers/products, card members can redeem up to a maximum of 70% of the booking/product value through Reward Points. The remaining amount must be paid via the Credit Card limit.
  • Redemption of Reward Points for flights & hotel bookings on the HDFC Bank SmartBuy portal is capped at 75,000 Reward Points per calendar month.
• Reward Point Validity: Unredeemed Reward Points will expire/lapse after 3 years of accumulation.

Card Eligibility Criteria

• Applicant Type: Self-employed Indian Citizen.
• Age: Between 21 years to 65 years.
• Income: Annual ITR above ₹30 Lakhs.
• Documents for Application: Customers can apply using ITR, GST returns, Bank Statements, and Merchant payment reports.

Card Review

The HDFC Bank BizBlack Metal Edition Credit Card stands out as a top-tier business credit card, particularly suited for larger enterprises and businesses due to its comprehensive suite of premium benefits and services. While it carries a substantial joining fee of ₹10,000, this is offset by impressive welcome benefits like Club Marriott Membership and Taj vouchers upon achieving a reasonable initial spend.

Pros:

• Offers accelerated 5X reward points on a wide range of essential business expenses, maximizing savings for companies.
• Provides unlimited domestic and international airport lounge access for both primary and add-on cardholders, enhancing business travel comfort.
• Includes complimentary golf games and green fee waivers, appealing to a premium business clientele.
• Features a robust business insurance package with customizable coverages, securing business assets and operations.
• The milestone benefit program allows for significant additional value in the form of flight or hotel vouchers.
• Offers a competitive rewards redemption value, especially for travel and business catalogue redemptions.
• Provides a long interest-free credit period and offers flexible EMI options for large purchases.
• Strong security features like zero lost card liability and comprehensive concierge services add significant value.

Cons:

• The high joining fee of ₹10,000 plus taxes makes this card less accessible or suitable for small businesses or startups.
• Reward Points are not awarded for certain common expenses such as fuel, education, and rent payments, which could be a drawback for some businesses.
• There are caps on accelerated reward points, grocery purchases, insurance transactions, and SmartBuy travel redemptions, which might limit the maximum benefits for very high spenders in those categories.
• Lounge access requires the cardholder to be "active" with at least one transaction in the previous month, and guests are not allowed for lounge access.

Overall, the HDFC Bank BizBlack Metal Edition Credit Card is an excellent choice for established businesses and large enterprises that have significant annual spending, especially across travel, business tools, and tax payments. Its extensive rewards program, combined with luxury perks and essential business services, provides substantial value despite the premium fee.

Important Product Details

• Earn 5X Reward Points on select eligible business categories.
• Earn 5 Reward Points per ₹150 on all other spends (base reward rate).
• Renewal fees can be waived by spending ₹7.5 lakh in a card anniversary year.
• Unlimited domestic and international airport lounge access is available for both primary and add-on cardholders, provided the card was active with a minimum of one transaction in the previous month.
• Discounts on dining are available via Swiggy Dineout (FLAT 10% EXTRA OFF up to ₹400, twice monthly) and Club Marriott Membership (up to 20% discount).
• Welcome Benefit includes Club Marriott Annual Membership and Taj Vouchers worth ₹5,000 on spends of ₹1.5 lakh within 90 days.
• Milestone Benefit offers SmartBuy Flight / Taj Stay Voucher worth ₹5,000 on every ₹5 Lakhs spent, up to ₹20,000 annually.
• The card offers 6 complimentary golf games per quarter with 100% green fee waiver in India.
• Business insurance packages are available, starting at an annual premium of ₹3,785.
• Credit Liability Cover is provided up to ₹9 lakhs.
• Reward points are not earned on fuel, education, and rent payments.
• Reward Points are valid for 3 years from accumulation.
• The card offers an interest-free credit period of up to 55 days.

Other Details

• Concierge Services:
  • Global Personal Concierge - 24 X 7 assistance for business, travel, and entertainment experiences.
  • Services include Golf Booking, Itinerary planning and reservation assistance, Private dining assistance, International gift delivery, Event planning and referrals, Airport VIP service (meet-and-greet), and more.
  • Toll-Free No. (India): 1800 118 887.
  • Landline No.: 022 42320226.
  • Landline No. for overseas travelers: 022-6171 7606.
• Customer Care Numbers:
  • Toll-Free: 1800 266 3310.
  • Landline: 022-6171 7606 (For customers travelling overseas).
  • Email: bizblack.support@smartbuyoffers.co.
• Diners Exclusive Benefits:
  • Fast Track Airport Experience: Skip the line for check-in and receive baggage assistance.
  • Dining Delight: Exclusive dining offers, from gourmet cuisine to local delicacies.
  • Health & Wellness: Get up to 15% off on Fitness memberships, pharmacy purchases & more.
  • Small Medium Enterprise (SME): Boost your Business with special offers on business productivity tools, HR Solutions & more.
• PIN Setting Process: Set PIN via MyCards, IVR (1860 266 0333), Mobile Banking, or Net Banking.
• Contactless Payment: Card is enabled for contactless payments up to ₹5,000 without PIN, and with PIN for amounts ₹5,000 or higher.
• Card Management: Access and manage the card 24/7 on the HDFC Bank MyCards platform to enable online & contactless usage, view transactions, Reward Points, statements, set limits, and check outstanding/due dates.
• Set Card Control: Enable services via MyCards, EVA, WhatsApp Banking, or Net Banking.
• Income Tax/GST Payments: Detailed steps are provided on how to pay Income Tax and GST using the Biz Black Credit Card via respective government portals.