HDFC Corporate Credit Card

Business Tools – Access to Management Information Systems

Rewards:

• 5 Reward Points for every Rs. 150 spent
• Up to 10,000 Reward Points can be earned per statement cycle

Fuel Surcharge Waiver: Waiver of up to Rs. 1,000 is provided per statement cycle on fuel spends between Rs. 400 and Rs. 10,000.

Interest-free Credit Period: Up to 50 days of the interest-free credit period on purchases.

Revolving Credit: Avail revolving credit facility on HDFC Corporate Credit Card at an interest rate of 2.95% per month.

Low Foreign Currency Mark-up Charges: Low foreign exchange mark-up fee of 2.5% only.

Lounge Access:

• Complimentary Priority Pass Membership with 6 free accesses per calendar year at airport lounges located outside India
• 20 free domestic lounge visits per year across select airports in India

Insurance Cover: 

• Air Accidental Insurance protection worth Rs. 1 crore
• Road or Rail accidental Insurance cover worth Rs. 3 lakh

Fee/Charge	Amount/Rate
Annual/Renewal Fee	Rs. 999
Interest-free credit period	Up to 50 days
Additional Card Fee	Not applicable
Minimum Repayment Amount	Minimum Rs. 200 / 5% of the due amount
Cash Advance Charges	2.5% on the amount withdrawn or Rs. 500, whichever is higher
Late Payment Charges	For Statement Balance Up to Rs. 100: Nil Rs. 101 to Rs. 500: Rs. 100 Rs. 501 to Rs. 1,000: Rs. 500 Rs. 1,001 to Rs. 5,000: Rs. 600 Rs. 5,001 to Rs. 10,000: Rs. 750 Rs. 10,001 to Rs. 25,000: Rs. 900 Rs. 25,001 to Rs. 50,000: Rs. 1,100 More than Rs. 50,000: Rs. 1,300
Over-limit Charges	Minimum Rs. 550 or 2.5% of the over-limit amount
Cash Processing Fee	Rs. 100
Payment Return Charges	2% of the payment amount, subject to a minimum of Rs. 450
Foreign Currency Transaction	2.5%
GST applicable on Fees & Charges	18%

Suggested Read: 7 Credit Card Fees and Charges You Must Be Aware Of

HDFC credit card eligibility for this corporate credit card will be communicated to the applicants at the time of application. Existing customers of HDFC Bank can speak with their customer relationship manager about the same.

Documents Required

For a business credit card, HDFC Bank requires the applicant to submit proof of identity, address and income. Since the applicant in this case is the company itself, the following documents may be required:

• Company Registration Proof
• Company’s License
• Profit and Loss Statement
• Balance Sheet
• ITR

The bank may ask for some other documents as per the company’s profile.

To apply for HDFC Corporate Credit Card, one can do any of the following:

• Visit any nearby branch of HDFC bank and apply for the credit card
• Call HDFC credit card customer care and place the request
• Apply online via the official website of HDFC Bank

The bank will guide the applicants with the necessary documents that need to be submitted along with the duly filled in application form.

Important: As per RBI guidelines, the issuance of new credit cards on the Mastercard platform has been discontinued until further notice. Normal card services will continue for existing users.

How safe is HDFC Corporate Credit Card for shopping?
HDFC Corporate Credit Card comes with an EMV Chip that is encrypted to protect all your transactions. With this chip, it is impossible to copy or tamper data. It also protects your card against counterfeiting and skimming.

How Can I change the address on my Corporate Credit Card?
You can easily change your address on the Credit Card by downloading the Application form for change of Contact Details Credit Cards from the official website and sent the filled form to the head office.

How do I stop statements from being sent to my mailing address?
You must download the HDFC credit card statement suppression MID (Most Important Document) from HDFC Bank website or collect from a nearby branch and courier the duly filled and signed form to the banks correspondence address.

How to redeem the reward points?
Customer can redeem the reward points as cash back on request and share the request form to P.O Box Credit Card Division. Minimum reward points required to redeem: 2500.

When can a client submit a progressive dispute application?
Once the CDF form is submitted, the bank will notify the merchant associated with the disputed transaction. Post this step, all appropriate documents would be provided in order to verify the highlighted transaction. After this stage, if the client still has any doubts, then, he/she can freely make use of the progressive dispute form.

I have applied for the HDFC Bank Corporate Credit Card, what is the procedure to analyze the status?
One can visit the HDFC website and press on the provided link to check the status. Here, the cardholder will be asked to provide the Reference Number mentioned on the application, together with the registered mobile number. This will allow individuals to check the status of the corporate credit card request.

What are the advantages of using HDFC Corporate Credit Card for business expenses?
HDFC Corporate Credit Card offers streamlined expense management, detailed monthly statements, and enhanced control over employee spending. It also offers rewards, travel benefits, and digital tools that make tracking and managing business expenses easier.

Who can apply for HDFC Corporate Credit Card?
Registered companies, partnerships, LLPs, and large organizations with a stable financial profile can apply. The business should have a good credit history and banking relationship with HDFC Bank. The eligibility may also depend on annual turnover and documentation submitted.

What is the credit limit for HDFC Corporate Credit Card?
The credit limit is determined based on the company’s financials, banking history, and overall creditworthiness. HDFC Bank assigns limits after evaluating factors such as turnover, existing liabilities, and repayment capacity.

Is there any annual fee for HDFC Corporate Credit Card?
Yes, HDFC Corporate Credit Card charges a joining and annual fee of Rs. 999 plus applicable taxes.

What happens if I miss a payment on my HDFC Corporate Credit Card?
Missing a payment may lead to late fees, interest charges, and a temporary reduction in available credit. Consistent non-payment can impact the business’s credit profile and may result in card suspension. It is advisable to clear dues promptly to avoid penalties and maintain a healthy credit history.