HDFC Business Money Back Credit Card Review

By | August 27, 2015
hdfc_business_moneyback_credit_card

HDFC Business Money Back Credit Card – 3X Reward points on all business spends

Hdfc Business Moneyback Credit Card is the business class variant of the most popular money back credit card offered by HDFC Bank. That being said, only self employed professional/businessmen is eligible to own this card. This has been recently launched by the Bank, i guess during the month of July 2015. HDFC is concentrating very well in increasing the portfolio of cards for business users in recent time. That’s a great move by the Credit card segment leader. Almost all the features on Business Moneyback card is similar to that of the retail card with little changes.

Hdfc Business Money back Credit Card Benefits

The major difference in benefits can been seen in the Fuel surcharge in which you can save upto Rs.6000 a year which is comparatively higher than the retail variant, maybe because they must have inferred from the data that business users spend much on fuel. The other major difference comes in the Accelerated Rewards category. In business Moneyback card there are more categories that will get 3X Reward points like Air, Travel, Hotel bookings, Dining & Ecommerce spends which almost covers all our expense categories. Whereas in the retail card you get 3X only on Online spends which is typically ecommerce purchases.

Apart from these, all credit cards issued by HDFC in business segment can hold the name of your company under your name on the front side of your card. If you’re a self employed businessmen undoubtedly this is the best card you can ever have in your wallet in mid-premium segment. Although HDFC doesn’t advertise this as a premium card, this is very much near equivalent to any other premium cards they have, infact better than Cards like HDFC Allmiles credit card.

Features of Hdfc Moneyback Card:

  • CardExpert Rating: 3.5/5
  • Reward rate: Upto 1.2% Cashback (As Reward points to Cashback redemption)
  • Cashback Conditions: You get only 0.5% Cashback on merchant outlets. 1.2% cashback on all Business related spends.
  • Complementary Airport lounge access: Nil
  • Fuel Surcharge Waiver: Up to Rs.6000 every year
  • Foreign Exchange Markup fee: 3.5% + Service Tax
  • Renewal Fee Waiver: First year fee reversed if you spend Rs. 10,000 in first 90 days of card set-up date and renewal fee reversed if you spend Rs. 50,000 in a year
  • Special Features: No limits on earning reward points.

Hdfc Money back Credit Card Limit and offers:

This card stands above the previously reviewed HDFC Business Platinum Credit Card (discontinued) based on reward pointing system. However, there are some cases wherein Business platinum card might give better cashback if you spend a lot on Offline stores as it gives flat 1% cashback on all spends irrespective of the category. Also you can get lots of offers online, just head over to smart buy section of HDFC bank website and goto credit card offers to see a huge list of offers.

No other bank has such extensive offers across a lot of ecommerce websites. Additionally, business credit cards issued by HDFC usually comes with a higher credit limit eligibility as we typically spend quite a lot. You can also get your limit increased if you’ve very good turn over on your IT Returns.

I’ve researched quite a lot in mid-premium credit cards for Business users and found that, for beginners these 2 are the only best cards you can ever have with exceptional reward pointing system than any other card variant issued by any other bank in India. Do you use this card? Share your comments below 🙂

50 thoughts on “HDFC Business Money Back Credit Card Review

  1. sanjoy

    Business MoneyBack credit card hdfc

    Can i get all such benefit by air ticketing from my card.
    plz tell me the cash withdrawal limit of Business MoneyBack credit card hdfc

    Reply
    1. Siddharth Post author

      Sanjoy,
      Most cards has 40% of Credit limit as Cash Limit.
      You’ll get 3x reward points on business related spends like hotel/air travel etc.

      Reply
  2. Deepu Prajapati

    hi i am using hdfc money back cc .can i use credit card cash and if any charge ori nterest pls explian it
    thank you

    Reply
    1. Siddharth Post author

      Withdrawing cash on credit card is the worst thing to do with a credit card as it comes with huge interest. Never do it.

      Reply
      1. ram krishna

        I have citi cash back card and hdfc money back card. Which one is better?

        Reply
        1. Siddharth Post author

          Moneyback card is best for Online usage. For offline, both can be treated similar.

          Reply
    2. Vishal Tiwari

      Please do not use it for withdrawing cash
      you will be charged alot on daily basis
      You can do one thing
      link your CC card to Any payment wallet like paytm
      then add money
      using CC option
      then you can transfer the amount in your bank account.
      you will be charged only 2% by paytm
      which is much less then the actual bank charges.

      Reply
  3. Pawan

    I Have recently got my HDFC money back credit card.I have been offered with life time free card.So i have some dooubt can u please help me out.Thanx in advance.

    1.As per the HDFC person who helped me in getting the card confirmed that i have to pay only for what i puchase except that interset if due date is passed.IS it true that i wont be charged with any other e.g. renewal or annual fees?

    2.If i have to use card once in 2 year for example will i have to pay or will i get charge as annual fees or other.

    Reply
    1. Siddharth Post author

      Unless or until the policies changes, you wont be charged for lifetime whatsoever. But its good to use the card atleast once in 5-6 months to keep the card active. Bank may freeze the card if its inactive for long.

      Reply
  4. Salman

    Hi,
    I got this credit card about 7 Months back which is my first ever card. Recently got an update on the Net Banking portal about a lifetime free credit card offer and it said i was eligible for Regalia Card. But after the application i got a call from hdfc bank saying as per their policy they don’t issue a second card to the same person. My requirements right now is lower currency markup fee, so is it possible to know when i might be eligible for an upgrade. I am quite happy with my current limit. The customer care executive suggested that i cancel this card and apply for a new one, i don’t wish to do that. If you think i wont be eligible for one anytime soon i might consider the customer care’s advice or go for a new card from a different bank.

    Thanks

    Reply
    1. Siddharth Post author

      My suggestion would be,
      upgrade to Allmiles and wait for 3-4 months and then ask for Regalia upgrade.
      Simply mail the HDFC support for this.

      Reply
      1. Salman

        Right now there is no upgrade offer. The banking website says i am eligible for a range of cards but the customer care guy says otherwise. My query is should i wait for the bank to offer an upgrade or go ahead with another card, or if i have to wait what would be the approx time period for me to get the upgrade and i am regular in my payments i have never missed any payments.
        Thanks in advance

        Reply
        1. Siddharth Post author

          Salman,
          You have to “Mail them” and ask if they can upgrade you. You can get Allmiles this way very easily. You can still try for regalia.
          Phone support doesnt have access to such information.
          As far as HDFC is concerned, never call them 😀

          Reply
  5. Jay

    I dint get any mail or SMS or calls stating REWARDS point in money back credit card is going to change. I was accumulating REWARDS points trusting HDFC suddenly I checked my REWARDS points value dripped from 2000 to 1500/- on top of it der is 75rs+service tax charges when we redeem it, this is too rubbish with out intimating customer how can yu change & for existing reward point value is dropped what nonsense is this? I wanted to resolve this from hdfc

    Reply
  6. Jay

    By thinking REWARDS point are safe. I left it withing redeeming but suddenly with out intimating customer no calls no msgs no mail reward points value propped means I have 5000 point which was 2000rs now it became 1500rs I shud pay 75 RS charge to redeem it what nonsense is this? How existing point value can be dropped so worstly that too without intimating.

    Reply
    1. Siddharth Post author

      Drop an email to their support and ask for escalation.

      Reply
  7. J NAZEER

    Hai I am Nazeer Recently I got diners club card. But I can not use this card everywere. Please suggest me what i have to do for this situation?

    Reply
    1. Siddharth Post author

      Ask to change card, or, you can always get some other card from some other bank 🙂

      Reply
  8. pramod

    sir i got recently hdfc business mony back
    can i do neft to my cradit card

    Reply
        1. Siddharth Post author

          Varies from customer to customer. Contact bank for your a/c Interest rate.

          Reply
  9. SANKET SONI

    Hello !
    just got the HDFC BMB credit card.. can you give me suggestion please where should I use this card?

    exactly what is the right method to use it properly ?

    like fuel, air-tickets,hotels,shopping or something else ??

    Reply
  10. paray

    what changes will apply on bussines moneyback cc from 1st jan 2017
    cc validity is only 3years what will happen after expiry date of cc

    Reply
  11. Saurabh Desai

    Hello.. This is saurabh desai.. May I know that, are all hdfc credit card acceptable in foreign countries.. If yes, what are the charges behind it… Also one more question am I able to transfer funds to other people from credit card limit..

    Reply
    1. Siddharth Post author

      Yes you can use anywhere. Forex markup fee varies from card to card. Each of my review has it. If not, its 3.5%+tax
      No, you can’t transfer from cc to cc.

      Reply
  12. arvind

    siddharth sir, I have business money back card plz tell sir if I can use this card for fuel on patrol pump?nd what will b they charging for it under 50 days. any hidden charges??

    Reply
  13. arvind

    and plz tell the business money back platinum spacility. nd whenever I upgrade it. nd where it’s place in HDFC credit card.or if is better then Snapdeal credit card?

    Reply
  14. Santosh

    I applied for this credit card from NetBanking on 17th Feb and got a call from HDFC that I don’t need to submit any documents since I already have a savings account. It’s been almost 13 days now and I haven’t heard anything from them, the online status shows that application is still in review. I don’t have a cibil score since I have never applied for any credit before. Is it safe to assume that the application is going to be rejected so I can apply for some other card from maybe SBI?

    Reply
    1. Siddharth Post author

      Its good to wait for 2-3 weeks. You’ll get it as long as your savings a/c has some good txn history.

      Reply
  15. Mukesh

    I have recently got hdfc business money back card. If I buy grocery or say swipe card at pos, then will I be charged service tax@15% for that amount. Eg If I spend rs 10000, then I need to pay 10000*15%=1500as service tax.????

    Reply
  16. Saif

    is it possible to increase the limit of this money back card ?
    can we increase the limit for a single transaction on special request , as the current limit is only 12 K which is really low for any transaction please help on the same.

    Reply
  17. MOHAMMED ABDUL WAHED

    Hello sir,The information provided by you is amazing,I have a query that I’m using a kotak league platinum credit card from 6 months the credit limit is 19k very low and available limit is 5000 as an emi is running on it,I have contact the costamer care regarding limit increase but they are saying that there no limit increase offer available for you,I also have a hdfc bank account in that I’m getting eligibility for money back credit card but as per your information i want to the dinners club rewards or black credit card but bank branch is denied it as you’re not getting eligibility for it,I have recently checked by cibil score on bankbazaar and paisa bazaar,in bank bazaar it shows 758 and in paisa bazaar it shows 728,I kindly request you suggest me what to do and also want to know how get the approval for hdfc dinner club and how much average monthly balance in bank account is required to get easy approval.

    Reply
    1. Vishal Tiwari

      MOHAMMED ABDUL WAHED
      Sir look credit score is not the only thing.
      if you are having a package of 10.80 lakhs PA
      then you can apply for diners premium card.
      if your salary is low you can get Diners rewards or regalia first card which is also a SPC (Super premium card)

      You can also get a Regalia First card if you are a Classic customer of HDFC bank.
      To become a classic customer you have to maintain the average quarterly balance of 1lakhs or above.

      Reply
  18. MOHAMMED ABDUL WAHED

    How to get the offer for insta jumbo loan on hdfc business money back card.

    Reply
    1. MOHAMMED ABDUL WAHED

      I request you to give reply.I’m interested in buying your premium service.

      Reply
    2. Vishal Tiwari

      You Just have to use the card on regular basis
      after 3 months you will automatically get eligible for insta loan .
      and for jumbo wait for 6 months .

      Reply
  19. MOHAMMED ABDUL WAHED

    Thank you for your amazing response,
    I want to know that how credit utilization calculate,it is suggested that keep it upto 30% is best,If my last bill is generated and i keep spending it will includes in utilization.for example my limit is 40k,last bill is 10k and i spend 10k after bill generation,what is credit utilization.
    Thanking you soo much.

    Reply
  20. MD saleem

    Hi siddhart
    My income was below 10L and businesses income was above 1 Cr. We are HDFC Bank customer for more 2 year my card limit is only 50 ko am send my itr please suggest my new limit expect

    Reply
  21. Ansil M H

    i am using hdfc money back credit card.i want to know about the service tax is debited from us when petrol filling using this card? And credited to us also

    Reply

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