HDFC Bank Business Gold Credit Card – Benefits, Fees & Eligibility

Introduction

The Business Gold Credit Card, issued by HDFC Bank, is a phased-out commercial credit card product. While new applications are no longer being accepted, existing customers continue to enjoy its benefits. This card offers a range of features including surcharge waivers on rail tickets, cashback on domestic air ticket bookings, and an interest-free credit period of up to 50 days, positioning it as a card focused on business-related travel and utility expenses.

Fees

• Joining Fee

  • ₹500 plus Applicable Taxes.

• Renewal Fee

  • ₹500 plus Applicable Taxes per year, from the 2nd year onwards.

• Spend-Based Waiver

  • Waiver on renewal fees of ₹500 on annual spends of a minimum of ₹50,000 on your Business Gold Credit Card.
  • Cardholders can enjoy the waived annual membership fee for the following year by making purchases worth ₹20,000 within a year.

• Interest Rates

  • Up to 50 days of interest-free credit period from the date of purchase.
  • Interest at the rate of 3.49% per month will be charged on any outstanding amount carried beyond the bill due date.
  • Pay only 1.99% interest per month if the card is issued against a fixed deposit.

• Fuel Surcharge

  • Up to ₹250 savings on fuel spends ranging from ₹400 to ₹5000.

• Cash Advance Charges

  • A fee of 2.5%, with a minimum of ₹500, is applicable on all cash withdrawals on your card.

Rewards

• Reward Points on every ₹150 spent.
• 1% CashBack on air tickets booked through domestic airline websites, up to ₹500 per statement.
• 1% cashback on Utility Bill Payments.
• Surcharge waivers on rail tickets booked via IRCTC, up to ₹500 per statement.
• Reward Points will not be accrued for fuel transactions (effective 15 Apr 2016).

Card Review

The Business Gold Credit Card is a phased-out product, meaning sourcing has been stopped, and new applications are not being accepted. Existing customers will continue to enjoy the card's benefits, and the bank will communicate with them about upgrading to the next best card variant.

• Pros:
  • Offers up to 50 days of interest-free credit.
  • Provides revolving credit at a nominal interest rate.
  • Includes travel benefits such as surcharge waivers on rail tickets and cashback on domestic air tickets.
  • Offers 1% cashback on utility bill payments.
  • Provides savings on fuel spends.
  • Features EMV Chip Card technology for enhanced security.
  • Offers zero liability for fraudulent transactions if reported immediately.
• Cons:
  • The card is a phased-out product, so it is not available for new applications.
  • Lounge access is not available with this card.

Important Product Details

• Revolving Credit is available at a nominal interest rate.
• Get up to 50 days of interest-free credit from the date of purchase, subject to submission of the charge by the merchant.
• Stay protected against unauthorised use with EMV Chip Card technology.
• Zero liability for fraudulent transactions if reported immediately to HDFC Bank’s 24/7 Call Centre.
• Lounge access is not available for Business Gold Credit Cards.
• The sourcing of this Credit Card has been stopped, and it is a phased-out product. Existing customers will continue to enjoy the benefits, and the bank will communicate about upgrading to the next best card variant.

Other Details

• SmartPay is an automatic payment facility available on your Credit Card to pay your utility bills.
• Travel abroad securely with HDFC ERGO Travel Insurance Policy.
• The bank will communicate the credit limit based on your eligibility and creditworthiness.
• Most Important Terms and Conditions for banking offerings are available and should be reviewed thoroughly to understand the terms and conditions applicable.