HDFC Business MoneyBack Credit Card Review

The HDFC Business MoneyBack Credit Card is a versatile credit card designed specifically for small business owners and entrepreneurs. It offers a range of benefits that cater to the unique needs of businesses, including cashback on business-related expenses, rewards on everyday spending, and various business-centric perks. This card is ideal for those who want to manage their business expenses more effectively while earning rewards and cashback on their purchases.

Overview

Feature	Details
Card Type	Business Credit Card
Reward Rate	2 Reward Points per ₹150 spent
Reward Value	1 Reward Point = ₹0.20 when redeemed for cashback
Joining Fee	₹500 + GST
Unique Selling Points	Rewards on business expenses, cashback option, easy redemption
Rating	★★★★☆ (4.2/5)

HDFC Business MoneyBack Credit Card Fees and Charges

Fee Type	Details
Joining Fee	₹500 + GST
Annual Fee	₹500 + GST (waived on spending ₹50,000 annually)
Finance Charges	3.49% per month (41.88% per annum)
Foreign Transaction Fee	3.5% + GST
Cash Advance Fee	2.5% of the amount withdrawn (min ₹500)
Late Payment Fee	₹100 to ₹1,300 depending on the outstanding balance
Fuel Surcharge Waiver	1% on transactions between ₹400 and ₹5,000

HDFC Business MoneyBack Credit Card Benefits

Rewards and Cashback

• 2 Reward Points per ₹150 Spent: Earn 2 Reward Points for every ₹150 spent on business-related expenses such as office supplies, travel, and more.
• Cashback Option: Convert your Reward Points into cashback at the rate of 1 Reward Point = ₹0.20, offering direct savings on your business expenditures.
• Accelerated Rewards: Earn accelerated Reward Points on specific categories such as travel bookings and dining.

Business-Focused Features

• Expense Management: Track and manage your business expenses more effectively with detailed statements and online account management.
• Interest-Free Credit Period: Enjoy up to 50 days of interest-free credit on your purchases, helping you manage your cash flow better.

Welcome Benefits

• Welcome Reward Points: Receive 500 Reward Points as a welcome benefit upon activation of the card and completing your first transaction within 30 days.

Fuel Surcharge Waiver

• Fuel Benefits: Get a 1% waiver on fuel surcharge on transactions between ₹400 and ₹5,000, with a maximum waiver of ₹250 per billing cycle.

Security Features

• EMV Chip Security: The card comes with an EMV chip, providing enhanced security for your transactions.
• Zero Liability on Lost Card: Report your card lost immediately, and you won’t be liable for any fraudulent transactions thereafter.

Rewards

Spending Category	Reward Points Earned
Business Expenses	2 Reward Points per ₹150 spent
Other Purchases	2 Reward Points per ₹150 spent

Redemption

• Cashback: Convert Reward Points into cashback, with 100 Reward Points equaling ₹20.
• Gift Vouchers and Merchandise: Redeem your Reward Points for a variety of gift vouchers and merchandise through the HDFC rewards catalog.

HDFC Business MoneyBack Credit Card Usage

• Business and Personal Expenses: Use the HDFC Business MoneyBack Credit Card for both business and personal expenses, maximizing rewards and cashback on all your spending.
• Bill Payments: Pay your utility bills, mobile recharges, and other regular expenses using the HDFC Business MoneyBack Credit Card and earn Reward Points on every transaction.

Airport Lounge Access

The HDFC Business MoneyBack Credit Card does not offer complimentary airport lounge access, focusing instead on providing rewards and cashback on business-related expenses.

Foreign Transaction Fee

Feature	Details
Foreign Transaction Fee	3.5% + GST

Eligibility

• Age: 21 to 65 years.
• Income: Minimum annual income of ₹3 lakh.
• Business Status: Available to self-employed professionals and small business owners.

How to Apply?

Online Application

1. Visit the HDFC Bank website.
2. Complete the application form with your business and personal details.
3. Submit the required documents for verification.
4. If eligible, you’ll receive approval, and the card will be delivered to your address.

HDFC Business MoneyBack Credit Card Review

Editor’s Rating

• Benefits: 4.2/5
• Fees: 4.0/5
• Customer Service: 4.1/5

Summary

The HDFC Business MoneyBack Credit Card is a great option for small business owners and self-employed professionals who want to manage their business expenses effectively while earning rewards. With 2 Reward Points per ₹150 spent and the option to convert points into cashback, this card offers tangible savings on everyday business expenses. The card’s low joining and annual fees, combined with the potential to waive the annual fee, make it a cost-effective solution for managing both business and personal finances. While it doesn’t offer premium features like airport lounge access, the HDFC Business MoneyBack Credit Card excels in providing practical rewards and financial management tools for business owners.

Pros and Cons

Pros	Cons
2 Reward Points per ₹150 spent on business expenses	No airport lounge access or premium travel benefits
Cashback option for Reward Points	Foreign transaction fee of 3.5% + GST
Low joining and annual fees, with potential for waiver	Limited premium features compared to high-end business credit cards
Expense management tools and detailed statements	No insurance coverage or additional security features

Similar Cards to HDFC Business MoneyBack Credit Card

Feature	HDFC Business MoneyBack Credit Card	SBI Platinum Corporate Credit Card	ICICI Bank Business Advantage Credit Card
Annual Fee	₹500 + GST (waived on spending ₹50,000 annually)	₹499 + GST	₹500 + GST (waived on spending ₹1.5 lakh annually)
Reward Rate	2 Reward Points per ₹150 spent	2 Reward Points per ₹100 spent	1 Reward Point per ₹100 spent
Cashback Option	Yes, via Reward Points	No	No
Eligibility	Available to self-employed professionals and business owners	Available to self-employed professionals and business owners	Available to self-employed professionals and business owners
Foreign Transaction Fee	3.5% + GST	3.5% + GST	3.5% + GST

SBI Platinum Corporate Credit vs HDFC Business MoneyBack Credit Card

The SBI Platinum Corporate Credit Card offers similar rewards with 2 Reward Points per ₹100 spent but does not offer a cashback option like the HDFC Business MoneyBack Credit Card. The HDFC card’s ability to convert points into cashback may make it more appealing to those who want direct savings on their expenses.

ICICI Business Advantage Black Credit Card vs HDFC Business MoneyBack Credit Card

The ICICI Business Advantage Black Credit Card offers 1 Reward Point per ₹100 spent, making it less rewarding compared to the HDFC Business MoneyBack Credit Card. Additionally, the HDFC card’s lower annual fee and the option to convert points into cashback offer more value for small business owners.

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