HDFC Business Platinum Credit Card

Cashback- With a minimum account balance of Rs. 50,000, you get 1% cashback on all retail expenses. Alternatively, on a minimum account balance of Rs. 10,000, you get 0.5% cashback on all retail expenses.

Fuel Surcharge Waiver- Fuel surcharge will be waived off on fuel expenses of Rs. 400 to Rs. 5,000. A maximum waiver of Rs. 500 is provided in each statement cycle.

Lounge Access- On Visa Business Platinum Credit Cards, an exclusive offer of obtaining ingress in all Indian airport lounges.

Lost Card Liability Cover- In case a customer loses his or her Business Platinum Credit Card, the same should be reported to the bank’s 24-hour call centre service. Following this, you have zero liability for any unlawful or deceitful transactions made on your card.

Extra Savings- Business Platinum Credit Cards are accepted worldwide. In each statement cycle, a customer is entitled to 1% cashback on international expenses of Rs. 10,000 and more.

Given below are the fees and charges that this credit card entails:

Fee/Charge	Amount/Rate
Annual Fee	Rs. 299
Renewal Fee	Rs. 299
Cash Advance Fee	2.5% of the amount or Rs. 500, whichever is higher
Finance Charges	3.75% per month, i.e. 45% per annum
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
Payment Return Charges	2% of the payment amount or minimum Rs. 450
Overlimit Fee	2.5% of withdrawn amount or Rs. 550, whichever is higher
Foreign Currency Markup Fee	3.5%

This credit card is for the businesses only and the income requirement is communicated at the bank at the time of application. There are some common criteria set by the bank as well such as-

• The applicant should a Resident Indian
• He/she should be at least 18 years old
• He/she should not be more than 65 years old

Applicants will also be required to submit a set of documents at the time of application. This may include identity proof, address proof and income proof. In case of business credit cards, the verification will be two-fold which means that the applicant will be required to submit proof for him as well as the business. Given below are a few documents that can be accepted as proof.

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

Note: The bank has discontinued the HDFC Business Platinum Credit Card. Existing members will be upgraded to a similar card called Business MoneyBack Credit Card.

To apply for this card online, a customer can visit the official website of the bank and go to the ‘Apply Online’ section. The next step is to enter the required details and submit the form. A bank’s representative will call the applicant and guide him through the process.

Another method of applying for a Business Platinum Credit Card is offline. A customer can visit the nearest HDFC bank branch and fill out an application form for the same.

What is the mark-up fee for foreign currency transactions?

3.5% is the mark-up fee for foreign currency transactions done on Business Platinum Credit Cards.

Can I make utility expenses by my Business Platinum Credit Card?

Yes, you can pay your utility expenses by using your Business Platinum Credit Card.

How can I pay my bills through a Business Platinum Credit Card?

You can pay your bills through your Business Platinum Credit Card in four simple ways which are listed as follows:

1. PayNow: This is an immediate and quick facility to pay your bills online through HDFC Bank’s website online.
2. Register & Pay: Through this service, you can pay your mobile bill, electricity bill or telephone bill at any time and place. Depending on your comfort and convenience you can use the internet to pay your utility expenses.
3. SmartPay: Owing to its name, it most definitely is the smartest way to pay your bills through a Business Platinum Credit Card. With benefits like a credit free period and cashbacks, you can now enjoy this facility of paying your bills through the card.
4. Visa Bill Pay: Visa bill pay service sets one free from the task of writing cheques and forms. This service enables one to pay bills online in a secure and safe manner.

If I lose my Business Platinum Credit Card, will I be responsible for the cash utilised fraudulently from my account?

If such a situation occurs, you will not be accountable for the transactions made deceitfully on your account only if you inform the loss of your card as soon as possible to the HDFC call centre.

Will I get any cash back for fuel transactions and international spending?

No, a Business Platinum Credit Card does not offer a cashback for fuel related transactions. However, for international spending, you might earn 1% cash back if you spend Rs. 10,000 or more on international transactions.