All you need to know about HDFC Bank Business Credit Cards

07 August, 2023

Business Credit Cards are designed to cater to the business expenses of self-employed individuals. With over 1.4 crore MSMEs registered in India, Business Credit Cards are poised to accelerate the next level of growth for the self-employed segment. The payment needs of entrepreneurs are diverse, spanning from vendor and supplier payments, tax/GST payments, utility bill payments, business travel-related expenses, infra/software/technology expenses, and so on.

HDFC Bank Business Credit Cards are tailor-made for the varied needs of different businesses. An exporter with international travel and high business volume is likely to go for an HDFC Bank Business Regalia Credit Card. On the other hand, a shop owner/ freelancer looking to maximise the benefits of utility payments may opt for the HDFC Bank Business MoneyBack Credit Card.

What are the uses of a Business Credit Card?

There are many uses for a Business Credit Card. Here are some reasons why your business can't afford to do without one:

1. Business Credibility: A self-employed person or a business needs a good credit score as much as a salaried person. A good Credit Card track record improves your business credibility. This makes your business eligible for other credit products, such as business loans that it may need in the future.
2. Cash flow management: With Business Credit Cards, your business gets access to an additional line of credit. It becomes handy during a cash crunch and gives you up to 50 days of interest-free credit period for your business expenses. You can use Business Credit Cards for business expenses like vendor payments, taxes, and bill payments (like electricity, phone, wifi, water, and gas etc.,) Additionally, you’ll get add-on benefits like CashBack or reward points.
3. Accounting demarcation: In the case of business owners, personal and business expenses often get blurred. Using a Business Credit Card will help you maintain a clear audit trail of business expenses. Link your GST number to your Business Credit Card and avail of input tax credit.
4. Credit Card benefits: The interest-free period is not the only benefit your business gets from a Business Credit Card. There are also reward points and CashBack, welcome and loyalty bonuses, milestone offers, etc. What's more, you can convert your large and bulk HDFC Bank Business Credit Card purchases to Easy EMIs and Smart EMIs

Who can get a Business Credit Card?

In terms of eligibility, individuals with a declared ITR of ₹ 6 lakh and above can apply. HDFC Bank Business Credit Cards are designed to meet the needs of self-employed individuals (proprietors of micro, small businesses, and medium enterprises, traders, merchants, professionals – Doctors, Lawyers, Chartered Accountants, Consultants etc.)

An HDFC Bank Business Credit Card is an ideal choice for business owners who are looking to:

1. Streamline and separate business expenses.
2. Capitalize on the interest-free credit period.
3. Save on expenses through CashBack, discounts, reward points, and more

Use cases of HDFC Bank Business Credit Cards

There are several uses for an HDFC Bank Business Credit Card, including the following offered by the bank itself.

1. SmartHub Vyapar: By downloading SmartHub Vyapar, you can pay your vendors/distributors/dealers/suppliers as well as make GST payments with your Business Credit Card and earn 5% CashBack in the 1st year and 4 Reward Points per ₹150 spent from the 2nd year.
2. SmartPay: By registering on SmartPay and adding your business credit cards Business Credit Card, you can set standing instructions for all your recurring expenses like utility bills, taxes, rent, and insurance payments related to your business. You get benefits worth ₹2600 including 5% CashBack and e-vouchers worth up to₹ 800 when you register for SmartPay for automated payments of 5 or more bills.
3. PayZapp: You can pay with your HDFC Bank Business Credit Card through PayZapp, the all-in-one payment app. You earn cashpoints on payments made through PayZapp, which can be redeemed into the PayZapp prepaid wallet at any time.
4. SmartBuy: SmartBuy is a platform that offers attractive offers/discounts on business travel and accommodation like booking flight/train tickets and hotel rooms. On making bookings/payments using SmartBuy you will get 5X reward points /5% CashBack.

How to apply for an HDFC Bank Business Credit Card

You can apply for an HDFC Bank Business Credit Card online in three easy steps after you open your browser and go to the HDFC Bank Credit Card apply page:

1. Provide your mobile number and date of birth or PAN.
2. Verify the phone number with the OTP received.
3. Choose Occupation Type ‘Self-employed’, confirm your details, choose your Business Credit Card, and click ‘Submit.’

If you are looking for a Credit Card that is ideal for your business, you will find an HDFC Bank Business Credit Card that suits your needs. Choose one based on your priorities - travel benefits, savings on online purchases, UPI payments, attractive reward program, discounts, CashBack, etc. Once you have your card, benefits like an additional line of credit, better working capital management and an interest-free credit period will help you take your business to new heights.

Click here to apply for your Business Credit Card now!

​​​​​​​*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Credit Card approvals are at the sole discretion of HDFC Bank Limited. Credit Card approvals is subject to documentation and verification as per Bank's requirement. Interest rates are subject to change. Please check with your RM or closest bank branch for current interest rates.