HDFC Biz Power

Product Overview

HDFC Bank Biz Power Credit Card is a premium business credit card designed for self-employed professionals, business owners, MSMEs, traders, and entrepreneurs. The card offers accelerated rewards on GST payments, income tax payments, utility bills, Google Ads, Meta Ads, electronics purchases, and other business expenses, along with lounge access and milestone benefits.

Eligibility Criteria

✔️ Applicant must be an Indian citizen.

✔️ Age: 21 to 65 years.

✔️ Self-employed professional, trader, business owner, MSME owner, or entrepreneur.

✔️ Annual ITR: ₹12 Lakh or above.

✔️ Applications can be processed using:

ITR
GST Returns
Bank Statements
Merchant Payment Reports

✔️ Good CIBIL Score (750+ preferred).

Features and Benefits

✔️ 9% savings on Income Tax payments, GST payments, bill payments via PayZapp, Google Ads, Meta Ads, and electronics purchases through Reliance Digital.

✔️ 5X Reward Points on eligible business spends including utility payments, tax payments, software purchases, and business-related transactions.

✔️ Welcome Benefit: Amazon Pay Voucher worth ₹1,500 on completing one online transaction within 30 days of card issuance.

✔️ Complimentary Amazon Prime Annual Membership.

✔️ Complimentary Biz Prime Membership (6 Months).

✔️ Travel Voucher worth ₹2,500 on spending ₹2.5 lakh in a quarter.

✔️ Up to 16 Complimentary Domestic Airport Lounge Visits per Year.

✔️ Up to 6 Complimentary International Airport Lounge Visits per Year.

✔️ Interest-free credit period of up to 55 days.

✔️ Contactless payment and Smart EMI facility available.

Fees & Charges

✔️ Joining Fee: ₹2,500 + GST.

✔️ Annual Fee: ₹2,500 + GST.

✔️ Annual Fee Waiver: Spend ₹4 Lakh or more in a membership year.

✔️ Forex Markup Fee: 2%.

✔️ Interest-Free Period: Up to 55 Days.

✔️ Late Payment Charges: As per HDFC Bank policy.

Documents Required

✔️ PAN Card

✔️ Aadhaar Card / Passport / Driving Licence

✔️ Income Tax Return (ITR)

✔️ GST Returns (if applicable)

✔️ Business Registration Proof

✔️ Bank Statements (Last 6 Months)

✔️ Merchant Payment Report (if applicable)

FAQs

Q1. Who can apply for HDFC Biz Power Credit Card?
Ans. Self-employed professionals, business owners, traders, MSMEs, and entrepreneurs with annual ITR of ₹12 lakh or more can apply.

Q2. What is the annual fee of the card?
Ans. The joining and annual fee is ₹2,500 + GST.

Q3. Can the annual fee be waived?
Ans. Yes, by spending ₹4 lakh or more in a membership year.

Q4. Does the card offer airport lounge access?
Ans. Yes, up to 16 domestic and 6 international lounge visits annually.

Q5. What are the key business benefits?
Ans. The card offers accelerated rewards on GST payments, income tax payments, Google Ads, Meta Ads, bill payments, and business software purchases.

Terms & Conditions

✔️ Accelerated reward points are applicable only on eligible merchant categories.

✔️ Airport lounge access is subject to program terms and usage limits.

✔️ Annual fee waiver is applicable only after meeting the spending threshold.

✔️ Welcome benefits are subject to activation and transaction requirements.

✔️ Approval is subject to HDFC Bank's credit assessment and verification process.