HDFC Bank BizPower Credit Card
Travel
Reward Points
1st Year Fee: ₹2,500* Plus Applicable Taxes
Reward Points
5X reward points on business spends
Travel
Discount on bookings via MMT MyBiz
Dining
Up to 20% discount via Swiggy Dineout
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About HDFC BizPower Credit Card
HDFC BizPower Credit Card is a business credit card offering accelerated rewards and other benefits on business-related expenses. The card is offered to self-employed individuals having annual ITR above Rs. 12 Lakh. Cardholders can earn 5X rewards on spends like GST payment, tax payment, bill payments, Google Ads and also on purchase of business productivity tools like AWS, Office 365, Tally, etc. Consumers can also save on their business travel expenses like flights and hotel bookings in the form of direct discount via MMT MyBiz. Since businesses usually spend a big amount on such operational costs, routing them through a business credit card can help in saving a significant amount.
Note: The card is also available on RuPay platform.
HDFC BizPower Credit Card Rewards Program
Through this business credit card, consumers can earn 4 reward points on every Rs. 150 spent on business needs along with 5X rewards1 on select business expenses, as shown below:
- Hotel and flight bookings via MMT MyBiz (powered by HDFC Bank’s SmartBuy BizDeals)
- Bill Payment via HDFC Bank’s Payzapp & SmartPay
- Income Tax and Advance Tax payment via eportal.incometax.gov.in
- GST payment via payment.gst.gov.in
- Purchase of Business Software like Microsoft Office 365, AWS, Azure, Tally, etc. through SmartBuy BizDeals – Nuclei
- Spends made on Google Ads
- Spends on Reliance Digital
Other Features and Benefits
Travel Benefits via SmartBuy
- 4% discount on flights and hotel bookings via MMT MyBiz
Benefits on Purchase of Business Software via SmartBuy
- Instant discount on purchase of business softwares such as Tally Prime, AWS, Google Workspace, Microsoft Azure & more
Welcome Benefit5
- Annual membership of Amazon Prime
- 6 month subscription to Biz Prime
Milestone Benefit
- Spend Rs. 2.5 Lakh in a quarter6 and get gift voucher worth Rs. 2,500 from MakeMyTrip or Reliance Digital
HDFC Bank BizPower Credit Card: Fees & Charges
| Fee Type | Amount | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 2,500 | ||||||||||||||||||
| Annual Fee | Rs. 2,500 | ||||||||||||||||||
| Finance Charges | 3.75% p.m. | 45% p.a. | ||||||||||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Consider this card if:
You are a self-employed individual looking for ways to save on your business expenses
You need to travel frequently for business needs and can save on travel costs through discount and complimentary lounge access
You can easily spend Rs. 4 Lakh in a year to get the annual fee of Rs. 2,500 waived off.
Eligibility and Documentation
Occupation: Self-employed
Age Requirement: 21 to 65 years
Income: Annual ITR of at least Rs. 12 Lakh
Apply using ITR, GST returns, Bank Statements and Merchant payment report
Paisabazaar Review
What do we like about this card?
Unlike most business credit cards that offer a general rate on business expenses, the HDFC Bank BizPower Credit Card offers accelerated 5x rewards on everyday and even big-ticket business transactions like bill payments, GST payments, tax payments, and the purchase of business software like Microsoft Office 365, AWS, Azure, Tally, etc. Additionally, the card keeps in check some essential costs around travel and appliances and extends benefits on travel and shopping via MMT MyBiz and Reliance Digital. Besides the accelerated spends, the base reward rate of the card is also good at 1.73%.
Pros
- Accelerated rewards on business-related expenses including travel spends
- Multiple redemption options
- Decent reward rate on non-business spends
- Quarterly milestone benefit
Cons
- 5X rewards capped at 5,000 reward points in a month
- Exclusion of fuel and rental transactions from quarterly milestone benefit calculation
- Minimum reward limit for redemption is high at 2,500 points
Conclusion
Overall the card is a good choice for a self-employed consumer looking for ways to save on operational costs of a business. The card definitely justifies the fee of Rs. 2,500 through the accelerated and other benefits it offers. Having said that, it too comes with its own set of restrictions around monthly capping, limits, and platform-specific benefits. To maximise benefits, consumers will have to plan their business spends aligned with the terms and conditions. For instance, users can earn 5x rewards on bill payments by choosing to pay via Payzapp and SmartPay instead of other platforms.
Footnotes
- 5X rewards are applicable on minimum spends of Rs. 25,000 in a billing cycle. Under this category, maximum 5,000 reward points can be earned in a billing cycle. A total of 60,000 reward points can be earned in a billing cycle.
- When redeeming against flight and hotel bookings, cardholders can only redeem up to 50% of the booking value through reward points. Remaining amount will have to be paid via card.
- When redeeming against vouchers/products, maximum 70% of the voucher/product value can be paid through reward points. Remaining amount will have to be paid via card.
- Minimum 2,500 reward points are needed for redemption. Reward points are valid for 2 years from the date of accumulation.
- Welcome benefit can be availed on making 1 online transaction within 30 days of card issuance.
- Fuel and rental transactions will be excluded from quarterly spend calculation.
Click here to know More Terms and Conditions
Megha Khanna
Megha is an experienced writer with a specialization in credit cards and personal finance. With a keen eye for detail and a passion for helping readers make informed financial choices, she creates engaging content that demystifies the complexities of credit cards, from rewards and benefits to interest rates and fees.
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