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 🙂