HDFC Bank UPI RuPay Biz Credit Card – Benefits, Fees & Eligibility

Introduction

The HDFC Bank UPI RuPay Biz Credit Card is a virtual business credit card issued by HDFC Bank, designed to simplify daily business expenses and integrate seamlessly with UPI payments. Positioned as a convenient tool for businesses, it offers a credit-free period of up to 50 days and a robust rewards program, allowing users to earn up to 3% Cashpoints on specific spending categories. A key differentiating feature is its virtual-only format, enhancing security by reducing the risk of physical card theft or loss, and its ability to link with any UPI app for secure and convenient transactions.

Fees

• Joining Fee: ₹250 plus applicable taxes.
• Renewal Fee: ₹250 plus applicable taxes.
• Spend-Based Waiver: The renewal fee is waived if expenses exceed ₹25,000 in the annual year prior to the credit card renewal date.
• Rewards Redemption Fee: Nil.
• Foreign Currency Markup: 3.50% on the transacted amount.
• Interest Rates: 3.60% monthly and 43.20% annually.
• Fuel Surcharge: Zero fuel surcharge on UPI payments. For other fuel transactions, a 1% fuel surcharge waiver is applicable. Note: Effective October 1, 2025, a 1% fee will be levied on fuel transactions exceeding ₹15,000, capped at ₹4,999 per transaction.
• Cash Advance Charges: 2.5% of the advanced amount or ₹500, whichever is higher.
• Balance Transfer Fee: ₹250 or 1% of the transfer amount, whichever is more, along with applicable taxes.
• Card Reissue Charges: ₹100 for reissuing a lost or damaged card.
• Added-on Card Fee: No added-on card fee.
• Goods and Services Tax (GST): Effective July 1, 2017, GST is applicable on all fees, charges, and interest transactions. The applicable GST depends on the place of provision (POP) and place of supply (POS). GST for fees, charges, and interest transactions billed on the statement date will be reflected in the next month's statement. GST levied will not be reversed on any dispute on fees, charges, or interest.

Rewards

• Earning Rates:
  • 3% Cashpoints on Groceries, SuperMarket, Dining expenses, and all PayZapp transactions.
  • 2% Cashpoints on Utility bills.
  • 1% Cashpoints on all other spends.
  • These benefits are applicable for both UPI and regular credit card spends.
• Capping:
  • A maximum of 500 Cashpoints can be earned in a calendar month for each category (3%, 2%, and 1% Cashpoints).
• Exclusions:
  • CashBack is not eligible for Fuel spends, Cash advances, Payment of outstanding balances, Payment of card fees and other charges, All EMI spends (Merchant EMI/ Smart EMI / Dial an EMI etc), Wallet spends, Rent payments, Government related spends, Insurance Payments, Education related transactions, Gift, Prepaid cards, and voucher purchases.
  • Spends done through SmartBuy shall not be eligible for CashPoints.
• Minimum Transaction Amount: Minimum transaction amounts of ₹100 and above are eligible for Cashpoints posting for 3%, 2%, and 1% features.
• MCC-based Calculation: Cashpoints for Groceries, SuperMarket, Dining (MCC 5411, 5812, 5814) and Utility (MCC 4900) are calculated based on the Merchant Category Code (MCC) shared by the RuPay network. If the MCC is not available in the setup, such transactions will not qualify for the benefit.
• Posting: Cashpoints are calculated on settled transactions within the calendar month cycle and will be reflected in the subsequent statement.

Rewards Redemption Guide

• Redemption Value: 1 Cashpoint = ₹0.25.
• Redemption Options:
  • Cashpoints can be redeemed against the statement balance (CashBack).
  • Cashpoints can be redeemed against flight and hotel bookings, covering up to 50% of the booking value. The remaining amount must be paid with the credit card.
  • Cashpoints can also be redeemed against a reward catalog at the SmartBuy rewards portal.
  • Redemption is capped at up to 70% of product/voucher value through Reward Points on select vouchers/products (effective February 1, 2023).
• Minimum for Redemption: A minimum of 500 Cashpoints (or ₹500 statement balance) is required for redemption against the statement balance.
• Redemption Limits:
  • Reward points redemption for flights and hotel bookings is capped at ₹50,000 per month (effective January 1, 2023).
• Validity: Unredeemed Cashpoints will expire/lapse after 2 years of accumulation.

Card Eligibility Criteria

• Age Limit: Applicants must be between 21 and 65 years of age, applicable to both salaried professionals and self-employed individuals.
• Credit Score: While there is no specific minimum credit score required, a clean loan repayment record is essential for approval.
• Residency: The card is available only to Indian citizens; Non-resident Indians (NRIs) are not eligible to apply.
• Reapplication: If an application is rejected, applicants have the option to reapply within six months.
• Documents Required:
  • Identity Proof: Aadhaar Card, Voters ID Card, Pan Card, etc.
  • Address Proof: Aadhaar Card, Last Month's Electricity Bill, Water Bill, Passport, etc.
  • Income Proof: Salary Slips, ITRs.
  • Additional Documents: Driving license, business registration certificate, etc.
  • Note: No document proof is required for applying for the UPI RuPay Credit Card if you are an existing HDFC Bank credit card holder.

Card Review

The HDFC Bank UPI RuPay Biz Credit Card is a reliable business credit card that stands out for its seamless integration with UPI payments and its virtual-only format, which enhances security. It is well-suited for businesses and individuals looking to manage daily expenses efficiently while earning rewards.

Pros:

• Strong Rewards Program: Offers competitive Cashpoints earning rates (up to 3%) on common business and personal spending categories like groceries, dining, and utilities, applicable to both UPI and regular credit card transactions.
• Interest-Free Period: Provides up to 50 days of interest-free credit, aiding in cash flow management.
• Fee Waiver: The annual fee can be easily waived by meeting a reasonable spend threshold of ₹25,000.
• UPI Integration: Allows linking to any UPI app, enabling credit card benefits on UPI transactions, which is a significant convenience.
• Virtual Card Security: Being a virtual card, it reduces the risk of physical theft or loss.
• Flexible Redemption: Cashpoints can be redeemed against statement balance, flight/hotel bookings, or a comprehensive reward catalog.

Cons:

• Cashpoint Capping: There is a maximum capping of 500 Cashpoints per calendar month for each earning category, which might limit high spenders.
• Exclusions: Several common transaction types, including fuel, rent, EMI, and wallet loads, are excluded from earning Cashpoints.
• MCC Dependency: Bonus Cashpoints are strictly dependent on Merchant Category Codes (MCCs), meaning some transactions might not qualify if the MCC is not correctly categorized.
• Virtual Only: While a security feature, the lack of a physical card might be a minor inconvenience for some users who prefer a tangible card.
• Floater Card: It is issued as an additional floater card and not as a standalone or fresh credit card, requiring applicants to already have or apply for a primary HDFC Bank credit card.

Overall, the HDFC Bank UPI RuPay Biz Credit Card offers substantial value for its target audience, particularly those who frequently use UPI for business and personal transactions and can optimize their spending to maximize Cashpoint earnings.

Important Product Details

• A virtual credit card, meaning no physical card will be issued or delivered.
• Enables seamless UPI payments by linking the card to any UPI app of choice.
• Earn Cashpoints on both UPI and regular credit card spends.
• Offers an interest-free credit period of up to 50 days from the date of purchase.
• The renewal membership fee is waived upon spending ₹25,000 or more in an annual year.
• Cashpoints accumulated can be redeemed against the statement balance, flight bookings, hotel bookings, and a reward catalog.
• Currently offers zero fuel surcharge on UPI payments, with a 1% fuel surcharge waiver on other fuel transactions.
• No added-on card fee is associated with this credit card.
• The card is issued as an additional floater card only and cannot be availed as a standalone or fresh credit card.
• Card details, including the 16-digit number, CVV, and date of expiry, can be viewed on the MyCards platform.
• The card is auto-registered in HDFC Bank MyCards upon issuance.

Other Details

• The credit limit for the HDFC Bank UPI RuPay Biz Credit Card is determined based on the applicant's income, credit history, and other factors considered by the bank.
• Credit Card Management & Controls: Cardholders can manage and control their credit card settings (e.g., enabling/disabling online, contactless, international usage, setting transaction limits) through multiple channels:
  • Netbanking: Log in, go to the Cards Tab, select the card, click Manage card, then Manage Domestic and International Limits.
  • Mobile Banking App: Open the app, go to the ‘Cards’ section, select the card, click ‘Manage Limits’.
  • MyCards Portal: Visit mycards.hdfc.bank.in, log in with registered mobile number and OTP, then access the ‘Card Control’ tab.
  • PayZapp App: Open PayZapp, tap ‘MyCards’ tab, select ‘Go to MyCards’, log in, then tap the ‘Card Control’ tab.
  • WhatsApp Banking: Send "Credit Card" to 7070022222, choose "Manage My Card", then select options like "Domestic / International/ Enhance limits".
  • IVR: Contact toll-free numbers 1800 1600 or 1800 2600 (8 am to 8 pm) or 022-61606160 for overseas travel assistance.
• PIN Setup: Cardholders can set up a PIN for the UPI RuPay Credit Card by calling the IVR Toll number 1860 266 0333.
• Application Channels:
  • Existing HDFC Bank Credit Card Holders: Apply online via MyCards or the PayZapp app.
  • New HDFC Bank Credit Card Customers: Apply for any Visa / Mastercard / Diners credit card from the HDFC Bank website as a primary card, then request the UPI RuPay Credit Card as an additional card.
• Legal Disclaimers: Terms and conditions apply. Credit Card approvals are at the sole discretion of HDFC Bank Limited and are subject to documentation and verification as per the Bank's requirements. Interest rates are subject to change.