HDFC BankHDFC Bank Business Bharat Credit Card – Benefits, Fees & Eligibility
Is the HDFC Bank Business Bharat Credit Card Right for You?
The HDFC Bank Business Bharat Credit Card is best suited for users who prioritize Business, Fuel, Utilities. With a joining fee of Nil and a renewal fee of Annual usage/maintenance fee, may be waived off if annual spending exceeds a certain limit., this card is positioned for cardholders who can maximize its benefits to justify the cost. It offers Cashback as its primary reward mechanism, with a rewards rate of Earn 5% CashBack on select business expenses, max ₹150 per statement cycle..
Key Card Details
Nil
Annual usage/maintenance fee, may be waived off if annual spending exceeds a certain limit.
Cashback
Notable Perks
Spend-Based Waiver
Annual usage/maintenance fee may be waived if annual spending exceeds a certain limit.
Things to Consider
The card is no longer accepting new applications, limiting access for new businesses.
A ₹99 fee is charged for every CashPoint redemption request, reducing net rewards.
CashPoints can lapse if the card remains inactive for over 365 days.
Benefits & Features
Rewards Rate
Earn 5% CashBack on select business expenses, max ₹150 per statement cycle.
Reward Type
Cashback
Reward Redemption
CashPoints redeemed on request via unified platform; ₹99 fee per request; points lapse if inactive for 365 days.
Fees & Charges
Joining Fee
Nil
Renewal Fee
Annual usage/maintenance fee, may be waived off if annual spending exceeds a certain limit.
Spend-Based Waiver
Annual usage/maintenance fee may be waived if annual spending exceeds a certain limit.
Interest Rates
Revolving Credit available at a nominal interest rate.
Fuel Surcharge Waiver
Waiver on fuel transactions (₹400-₹5,000), max ₹250 per statement cycle.
Rewards Redemption Fee
₹99 per CashPoint redemption request.
Pros & Cons
Pros
Key benefits and features of this card.
Offers significant cashback on essential business expenses like fuel and bill payments.
Provides a generous interest-free period of up to 50 days on purchases.
Includes a valuable fuel surcharge waiver, saving money on business travel.
Features Zero Lost Card Liability, ensuring security against fraudulent transactions.
Existing cardholders continue to benefit from its tailored business advantages.
Cons
Key drawbacks and limitations of this card.
The card is no longer accepting new applications, limiting access for new businesses.
A ₹99 fee is charged for every CashPoint redemption request, reducing net rewards.
CashPoints can lapse if the card remains inactive for over 365 days.
The annual usage/maintenance fee details are not specified numerically.
Lacks explicit welcome benefits, unlike many other credit card offerings.
Product Details
Targeted cashback on business expenses like IRCTC, bill payments, and fuel.
Provides up to 50 days of interest-free period on purchases.
Features Zero Lost Card Liability upon immediate reporting of loss.
Supports secure DIP (Chip Card) transactions at POS terminals.
Unified platform for managing cards, tracking spends, and redeeming rewards.
Revolving Credit facility available at a nominal interest rate.
CashBack is retained as points and requires a customer request for posting.
CashPoints lapse if the card is inactive or dormant for more than 365 days.
Benefits & Features
Rewards Rate
Earn 5% CashBack on select business expenses, max ₹150 per statement cycle.
Reward Type
Cashback
Reward Redemption
CashPoints redeemed on request via unified platform; ₹99 fee per request; points lapse if inactive for 365 days.
What matters, explained clearly
Introduction
The HDFC Bank Business Bharat Credit Card is a business credit card specifically designed for small business owners. While its sourcing has been stopped, existing customers continue to enjoy its benefits, which include significant cashback on business expenses, waivers on fuel surcharges, and tools for easy financial management.
Welcome Benefits
No specific welcome benefits are mentioned for this card.
Fees
- CashPoint Redemption Fee: A fee of ₹99 per request is applicable on all CashPoint redemption requests.
- Fuel Surcharge Waiver: Fuel surcharge is waived off on fuel transactions ranging from ₹400 to ₹5,000, with a maximum waiver of ₹250 per statement cycle.
- Revolving Credit Interest: Revolving Credit is available at a nominal interest rate.
- Annual Usage/Maintenance Fee: The card entails an annual usage/maintenance fee, which may be waived off if annual spending on the card exceeds a certain limit.
- Goods and Services Tax (GST):
- Effective July 1, 2017, GST at 18% replaced Service Tax, KKC, and SBC (15%).
- The applicable GST depends on the Place of Provision (POP) and Place of Supply (POS). If POP and POS are in the same state, CGST and SGST/UTGST apply; otherwise, IGST applies.
- GST for fees, charges, or interest transactions billed on the statement date will appear in the following month's statement.
- GST levied will not be reversed in case of any dispute on fees, charges, or interest.
Rewards
- CashBack on IRCTC / Bill Payment / Fuel: Earn 5% CashBack, with a maximum CashBack of ₹150 per statement cycle.
- CashBack on EasyEMI / PayZapp / SmartBuy: Earn 5% CashBack, with a maximum CashBack of ₹150 per statement cycle.
- Interest-Free Period: Avail up to 50 days of interest-free period from the date of purchase (subject to the submission of the charge by the merchant).
Rewards Redemption Guide
- CashBack will be retained as points and posted upon customer request.
- CashPoints can be viewed and redeemed through a unified platform.
- A CashPoint redemption fee of ₹99 per request will be applicable on all redemption requests.
- CashPoints will lapse if the card is in an inactive or dormant status for more than 365 days.
Card Eligibility Criteria
- The HDFC Bank Business Bharat Credit Card is currently not accepting new applications.
- The maximum credit limit varies based on factors such as credit score, credit history, and account history with the bank.
Card Review
The HDFC Bank Business Bharat Credit Card was tailored for small business owners, offering targeted cashback benefits on common business expenses like IRCTC, bill payments, fuel, and transactions via EasyEMI, PayZapp, and SmartBuy. A significant advantage is the fuel surcharge waiver and the provision of an interest-free period. However, new applications for this card are no longer being accepted, making it unavailable to new customers. For existing cardholders, it remains a valuable tool for managing business finances, despite the CashPoint redemption fee and the risk of points lapsing if the card becomes inactive.
Important Product Details
- Sourcing of this Credit Card has been stopped; it is unavailable for new applications.
- Existing customers will continue to enjoy the benefits.
- Offers 5% CashBack on IRCTC / Bill Payment / Fuel (Max ₹150 per statement cycle).
- Offers 5% CashBack on EasyEMI / PayZapp / SmartBuy (Max ₹150 per statement cycle).
- CashBack is retained as points and requires a customer request for posting.
- A CashPoint redemption fee of ₹99 per request is applicable.
- CashPoints will lapse if the card is inactive or dormant for more than 365 days.
- Fuel surcharge waiver on transactions of ₹400 to ₹5,000, up to ₹250 per statement cycle.
- Provides up to 50 days of interest-free period from the date of purchase.
- Includes Zero Lost Card Liability upon immediate reporting of loss.
- Offers Revolving Credit at a nominal interest rate.
- An annual usage/maintenance fee applies, which may be waived based on annual spending.
- All fees and charges are subject to 18% GST.
Other Details
- Safe & Secure Transactions: The card supports DIP (Chip Card) at chip-enabled POS and swipe at non-chip POS.
- Zero Lost Card Liability: Report a lost card immediately to the 24-hour call centre to have zero liability on fraudulent transactions made thereafter.
- Revolving Credit: Enjoy Revolving Credit on the Credit Card at a nominal interest rate.
- Card Management & Controls:
- Single Interface: A unified platform for Credit Cards, Debit Cards, FASTag, and Consumer Durable Loans.
- Spends Tracking: Simple interface to track all your spends.
- Reward Points: View and redeem points at the push of a button.
- Most Important Terms and Conditions: Users are advised to thoroughly review the Most Important Terms and Conditions for specific rules governing the card's use.
- Credit Limit: The maximum limit varies based on credit score, credit history, and account history with the bank.
- Exclusive offers may be available on HDFC Bank Credit Cards.