HDFC Business Freedom Credit Card

This credit card comes with the following features and benefits:

Rewards- The reward points can be earned in the following manner:

• Earn 1 reward point on every spend of Rs. 150 and above
• 10X reward points on PayZapp & SmartBuy spends (Capped into 1500 reward points per statement cycle)
• Earn 5X reward points for spends on dining/ movies/ groceries/ railways/ taxis (Capped into 1500 reward points per statement cycle)
• 25X reward points on your birthday spends (Capped into 3000 reward points)

Redeem points for cash back (1 Point = 10 p) or product catalogue (1 Point = upto 15 p) or Flight and Hotels on Smartbuy (1 point = 10p), where you can redeem up to a maximum of 50% of the booking value through Reward Points.

Welcome and Renewal Benefit- Get a welcome and renewal benefit of 500 reward points on fee realization. Also get a gift voucher worth Rs. 1,000 on annual spends of Rs. 90,000 and higher.

Fuel Surcharge Waiver- An individual will also receive fuel surcharge waivers on fuel payments of Rs. 400 to Rs. 5,000 per statement cycle.

Lost Card Liability Cover– In cases where a customer loses his or her Business Freedom Card, he or she must inform HDFC’s 24-hour call center. Once the loss is reported, the customer will not be liable for any transaction made through his card.

Safe and Secure Transactions- The Business Freedom Card is a chip-enabled card that makes transactions extremely safe and secure.

Interest-free Period- Beginning from the day of the purchase, a customer receives up to 50 days of interest-free period.

Revolving Credit- Customers can avail revolving credit on their cards at a minimal rate of interest.

Added Benefits- By using a Business Freedom Card at least 4 times a month, the user can get benefits like free accidental death insurance of up to Rs. 50 Lakh as well as free protection from fire and burglary for assets or goods above Rs. 5,000 for a period of 180 days.

Fees and charges are applicable periodically as per the services provided to the customer by HDFC. HDFC holds the right to make changes or alteration in the fees and charge structure. Given below are some important fees and charges applicable to this card:

Fee/Charge	Amount/Rate
Annual Fee	Rs. 500
Renewal Fee	Rs. 500
Payment Return Charges	2% of the payment amount or Rs. 450, whichever is higher
Over Limit Fee	2.5% of the over limit amount subject to minimum of Rs. 550
Interest Rate	3.75% p.m. i.e 45% annually
Foreign Currency Mark-up Fee	3.5%
Late Payment Fee	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

HDFC bank offers Business Freedom Cards to all business owners seeking credit. The availability and eligibility depend upon the sole discrepancy of HDFC Bank only.

• The card is offered to both salaried and self-employed individuals
• For Salaried: 21 to 60 years of age with Gross Monthly Income > Rs. 12,000
• For Self-employed: 21 to 65 years of age with Income: ITR > Rs. 2 lakh per annum

Documents Required

Since this credit card is taken for business purposes, the bank will require personal as well as business documents such as identity proof, address proof and income proof. The following documents may be accepted by the bank:

Proof of Identity	For Business- Business PAN Card, Business License/Registration, Partnership Agreement, etc. For Applicant- Voter’s ID, PAN, Aadhaar, Passport, Driving License, etc.
Proof of Address	For Business- Business License/Registration, Business PAN, Partnership Agreement, etc. For Applicant- Passport, Voter’s ID, Aadhaar, Driving License, Ration Card or any other government approved address proof.
Proof of Income	Profit and Loss Statement, Balance Sheet, Acknowledged ITR for the last few years, etc.

Some other documents may be asked by the bank as per the applicant’s profile.

To apply for this credit card, applicants can visit the official website of HDFC Bank. Details such as name, contact number, PAN, income, etc. will be needed after which one of the bank representatives will call the applicant to discuss it further. Alternatively, the customer can visit the nearest HDFC bank branch and fill out an application form for a Business Freedom Card.

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.

What are the ways in which I can redeem my reward points?

You can redeem reward points only if you have earned 2,500 points or more. You can redeem your rewards points by requesting for cashback and share the request form with P.O. Box Credit Card division.

What is the age criterion for applying for a Business Freedom Card?

To be eligible for a Business Freedom Card, one must be of minimum 21 years and maximum 65 years of age.

How do I check the status of my credit card?

Once you have applied for a credit card, you can check your application online by entering the 16-digit application reference number and your birth date or mobile number.

What are the steps to register for online services (net banking) of credit card?

In case you are an HDFC bank account holder and have not registered for net banking, you need to firstly register for net banking service. You can do so by obtaining an application form from HDFC banks official website or any HDFC bank branch. You are required to fill in all the details and submit the form, after which you will receive an IPIN which is the net banking password for you to register for this service.

If you have already registered for net banking, you can then activate the credit card services online too.

1. Use your customer ID and password to log in
2. Select the credit card option
3. Select ‘Register new card’
4. Type in your credit card details like your credit card number, expiry date, ATM PIN
5. Click on submit