HDFC Biz Black Metal Edition Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
HDFC Biz Black Metal Edition Credit Card
Bank Name :
HDFC Bank
Type :
Business Credit Card
Interest Rate :
1.99% monthly, 23.88% annually.
Eligibility :
The applicant must be a self-employed Indian citizen.
The applicant must be aged between 21 yrs. to 65 Years.
The applicant must have an ITR above INR 21 Lakhs
Pros
Welcome benefit: Users will get a Club Marriott annual membership and Taj stays voucher worth INR 5000 on spends of INR 1.5 Lakhs within the first 90 days. Users can avail up to 20% discounts for dining, stay & spa service with Club Marriott membership across Asia–Pacific region.
Reward system: Users will receive 5 reward points for every INR 150 spent. General cashback rate: 1%. Effective cashback rate for redeem on SmartBuy (against flights/hotel booking): 3.33%. Effective cashback rate for redeeming against product catalogue via net banking & SmartBuy: up to 1.66%. Effective cashback rate for Airmiles conversion via net banking: 3.33%. Effective cashback rate for catalogue via net banking & SmartBuy is: up to 3.33%.
Milestone benefit: Users will get SmartBuy flight/Taj stay voucher worth INR 5000 for every INR 5 Lakhs spent. (All retail spends excluding rent and petrol) and will get vouchers worth INR 20,000 in a calendar year for every INR 20 Lakhs spent.
Users can maximize business savings with 5X reward points on selected business spends such as (a)Bill payment via Payzapp & SmartPay. (b) Income Tax/ Advance tax payment via eportal.incometax.gov.in. (c) GST payment via payment.gst.gov.in.. (d) Hotel & flight booking on MMT MyBiz by SmartBuy BizDeals. (e) Business productivity tools like Tally, Office 365, AWS, Google, Credflow, Azure & more via SmartBuy BizDeals - Nuclei.
Up to 40% savings on business travel and software purchases on smartbuy.hdfcbank.com/business.
Small Medium Enterprise (SME): Users can avail special offers on business productivity tools, HR Solutions & more.
Users can avail business insurance package starting at an annual premium of Rs.3,785.
Lounge benefit: Users will get unlimited airport lounge access to 1000+ lounges globally.
Golf games benefit: Users will get 6 complimentary Golf games per quarter along with 24x7 booking assistance. Users will have 24-hour access to Golf Concierge assistance services for booking/cancellation.
Global personal concierge (24 X 7)
Diners exclusive benefit: Fast track airport experience, dining delight, discounts on luxury Spas within India.
Dining benefits: Users can get up to 10% savings on all restaurant bill payments with Swiggy Dineout on paying via the Swiggy App.
Cons
5X reward points applicable on minimum spending of INR 50,000 in a statement cycle.
The renewal fee is waived only if the user spent INR 7.5 Lakhs or more in the previous year.
A minimum of 2500 reward points is needed to redeem reward points against the statement balance.
Unredeemed reward points will expire after 3 years of accumulation.
A maximum of 1,50,000 reward points can be earned in a statement cycle.
Pros & Cons
Welcome Benefits
As a welcome benefit users will get a Club Marriott annual membership and Taj stays voucher worth INR 5000 on spends of INR 1.5 Lakhs within the first 90 days. Users can avail up to 20% discounts for dining, stay & spa service with Club Marriott membership across Asia–Pacific region.
Rewards System
Users will receive 5 reward points for every INR 150 spent
General cashback rate: 1%.
Redeem on SmartBuy (against flights/hotel booking). Effective cashback rate: 3.33%
Redeem against product catalogue via net banking & SmartBuy. Effective cashback rate: Up to 1.66%
Airmiles conversion via net banking. Effective cashback rate is 3.33%
Catalogue via net banking & SmartBuy. Effective cashback rate is up to 3.33%
A minimum of 2500 RP is needed to redeem reward points against the statement balance.
Unredeemed reward points will expire after 3 years of accumulation.
A maximum of 1,50,000 reward points can be earned in a statement cycle.
International Forex Markup
2%
Welcome Benefits and Reward System
Special Features
Low interest rate
No reward redemption fee
Low International Forex markup
No fuel surcharge
Eligibility Criteria
The applicant must be a self-employed Indian citizen.
The applicant must be aged between 21 yrs. to 65 Years.
The applicant must have an ITR above INR 21 Lakhs
Benefits
Small medium enterprise (SME) benefits
Great dining benefits
Airport lounge access
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
1. Online Application:
Visit the HDFC Bank website: https://applyonline.hdfcbank.com/cards/credit-cards.html
Select the Biz Black Metal Edition Credit Card option.
Provide the required personal and financial information.
Upload necessary documents.
Submit the application.
2. Visit HDFC Bank Branch:
Visit your nearest HDFC Bank branch.
Request an application form for the Biz Black Metal Edition Credit Card.
Fill in the required details and submit it along with the necessary documents.
Contact Details
Toll-Free: 1800 202 6161\ 1860 267 6161
Email: customerservices.cards@hdfcbank.com
Account Opening and Procedure
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Welcome benefit: Users will get a Club Marriott annual membership and Taj stays voucher worth INR 5000 on spends of INR 1.5 Lakhs within the first 90 days. Users can avail up to 20% discounts for dining, stay & spa service with Club Marriott membership across Asia–Pacific region.
Reward system: Users will receive 5 reward points for every INR 150 spent. General cashback rate: 1%. Effective cashback rate for redeem on SmartBuy (against flights/hotel booking): 3.33%. Effective cashback rate for redeeming against product catalogue via net banking & SmartBuy: up to 1.66%. Effective cashback rate for Airmiles conversion via net banking: 3.33%. Effective cashback rate for catalogue via net banking & SmartBuy is: up to 3.33%.
Milestone benefit: Users will get SmartBuy flight/Taj stay voucher worth INR 5000 for every INR 5 Lakhs spent. (All retail spends excluding rent and petrol) and will get vouchers worth INR 20,000 in a calendar year for every INR 20 Lakhs spent.
Users can maximize business savings with 5X reward points on selected business spends such as (a)Bill payment via Payzapp & SmartPay. (b) Income Tax/ Advance tax payment via eportal.incometax.gov.in. (c) GST payment via payment.gst.gov.in.. (d) Hotel & flight booking on MMT MyBiz by SmartBuy BizDeals. (e) Business productivity tools like Tally, Office 365, AWS, Google, Credflow, Azure & more via SmartBuy BizDeals - Nuclei.
Up to 40% savings on business travel and software purchases on smartbuy.hdfcbank.com/business.
Small Medium Enterprise (SME): Users can avail special offers on business productivity tools, HR Solutions & more.
Users can avail business insurance package starting at an annual premium of Rs.3,785.
Lounge benefit: Users will get unlimited airport lounge access to 1000+ lounges globally.
Golf games benefit: Users will get 6 complimentary Golf games per quarter along with 24x7 booking assistance. Users will have 24-hour access to Golf Concierge assistance services for booking/cancellation.
Global personal concierge (24 X 7)
Diners exclusive benefit: Fast track airport experience, dining delight, discounts on luxury Spas within India.
Dining benefits: Users can get up to 10% savings on all restaurant bill payments with Swiggy Dineout on paying via the Swiggy App.
5X reward points applicable on minimum spending of INR 50,000 in a statement cycle.
The renewal fee is waived only if the user spent INR 7.5 Lakhs or more in the previous year.
A minimum of 2500 reward points is needed to redeem reward points against the statement balance.
Unredeemed reward points will expire after 3 years of accumulation.
A maximum of 1,50,000 reward points can be earned in a statement cycle.
HDFC Bank Biz Power Credit Card
The card is a premium credit card with a number of value add features. This card offers cashback on even tax and GST payment. Overall it is a must have card for small business owners/ freelancers.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining fee: INR 10,000/- plus taxes.
Annual fee: INR 10,000/- plus taxes.
Foreign currency markup: 2%.
Fuel surcharge: NA
Cash advance fee: 2.5% or INR 500 whichever is higher.
Late payment charges: INR 100 to 1300.
Reward redemption fee: NA
Interest rate: 1.99% monthly, 23.88% annually.
Fuel Surcharge
NA
Billing Cycle
Up to 55 days