HDFC Biz Power Credit Card: Benefits, Rewards, and Eligibility

Running a business comes with countless expenses, but what if your everyday spending could help you earn more? The HDFC Biz Power Credit Card is designed specifically for MSME owners who want to maximise value on essential business costs.

From GST payments and utility bills to Google Ads and productivity tools, this card gives you accelerated reward points where your business spends the most. These points can be redeemed for flights, hotel stays, cashback, airmiles, and more, with values reaching up to ₹0.5 per point. 

Keep reading to discover how this card can power your business growth effortlessly.

Key Benefits of The HDFC Biz Power Credit Card

To make the most of the HDFC Biz Power credit card benefits, prioritise using SmartBuy and PayZapp for your day-to-day business purchases and payments. These platforms help you unlock higher reward points and better savings. Explore SmartBuy BizDeals as well to get added value on flight bookings, hotel stays, and other business expenses. 

And when it is time to clear your credit card dues, using PICE can make bill payments smoother and more rewarding. Discover more ways this card can maximise your business advantages.

Welcome Bonus

• Enjoy an Amazon Voucher worth ₹1,500 or a 1-year Amazon Prime membership + a Biz Prime membership of 6 months on making your first transaction within 30 days of issuance.

Rewards Program

• Earn 4 reward points on every multiple of ₹150 you spend on business needs through your Biz Power credit card.
• Enjoy up to 10X Reward Points on using SmartBuy for purchasing items from Flipkart, MakeMyTrip, Apple, and Imagine Tresor.
• Earn accelerated 5x reward points for selective spends. This means 20 reward points for every ₹150 spent on these selective spends. Learn about the eligible expenses from the list below.
  • Spends on GST payments and income tax payments, and advance tax payments.
  • Bills paid via PayZapp and SmartBuy
  • Booking hotels and flights on “MMT MyBiz” through “SmartBuy BizDeals”.
  • Purchasing Software productivity tools like Tally Prime, Office 365, Credflow, Azure and more through “SmartBuy BizDeals”.
  • Spending money on Google Ads, Reliance Digital and Meta.

Milestone Bonus

• Get a MakeMyTrip or Reliance Digital voucher worth ₹2,500 on retail spends of ₹2.5 Lakh in a membership year. Spending on rent and fuel will not count.
• Enjoy a waiver on your renewal fee worth ₹2,500 for reaching a spending milestone of ₹4 lakh in a membership year.
• Earn 2 additional complimentary airport lounge accesses for spending ₹75,000 in a membership year.

Complimentary Lounge Access

• Enjoy 8 complimentary airport lounge accesses in a membership year. You can use 2 for each quarter.
• You can buy a Priority Pass to access 6 International lounge accesses in a year. Complete at least 4 retail transactions on your Biz Power credit card to apply for a Priority Pass.

Cashback

• Get assured cashback of up to ₹1800 in the first year and valuable e-vouchers worth up to ₹800 for adding 2 or more utility bills on SmartPay.

Other Features of the HDFC Biz Power Credit Card

You can earn benefits for using this card for business expenses to dining, flight/hotel booking and other benefits. Read more to know about them.

• Enjoy an additional 10% off on dining bills at over 35K restaurants for using your HDFC Biz Power credit card.
• Enjoy 4% savings on flight and hotel bookings via MMT MyBiz.
• Get discounts on meals, fares, seat selection and more when booked through MMT MyBiz.
• Enjoy low flight cancellation charges when you book flights through MMT MyBiz.
• Get an option to buy a personalised and flexible business insurance policy through your Biz Power credit card at attractive premiums.
• Convert your large one-time spends into EMIs after purchase at attractive interest rates.
• Use the automatic utility bills payment facility available at SmartBuy to timely and seamlessly pay your utility bills.

Fees and Charges of The HDFC Biz Power Credit Card

Types of Fees and Charges	Amount and Conditions
Joining and Renewal Fee	₹2,500 (renewal fee is waivable)
Cash Withdrawal Fee	2.5% of the withdrawal amount or ₹500, whichever is higher.
Overlimit Charges	2.5% of the overlimit amount or ₹550, whichever is higher.
Interest On Late Payments	3.75% per month (45% p.a)
Late Payment Fees	₹0 to ₹1,300, depending on the due amount.
Forex Fee	2% of the foreign transaction amount.
Utility Bills Payment Fee	1% of all utility bills if the total bill amount exceeds ₹75,000.
Reward Redemption Fee	₹99 on every redemption request.
Charges for Faulty Payments	2% of the payment amount, subject to a minimum of ₹450.

💡For your credit card bill payments and tracking business transactions, use the PICE App.

How To Pay Income Tax Via Your HDFC Biz Power Credit Card?

Follow the steps below to earn 5x reward points on paying income tax via your Biz Power credit card.

• Log in to the GST Portal with your business credentials.
• Create your GST challan (Services > payments > Create Challan)
• Choose the e-payment option and select your HDFC Biz Power credit card.
• Check the agreement box for terms and conditions.
• Click on “Make Payment”.
• Provide the necessary details regarding your HDFC Bank Biz Power Credit Card and complete the transaction.

What Is The Redemption Value of The Reward Points From the HDFC Biz Power Credit Card

1 reward point from the Biz Power credit card can be valued up to ₹0.50. However, the value differs based on how you are converting your reward points for redemption. The table below illustrates the value conversion of the reward points.

Type of Redemption	Value of Redemption
Reward Points conversion to Airmiles	1 RP = 0.5 Airmiles, which is equal to up to ₹0.5.
Reward Points redeemed on Business Catalogue via Netbanking & SmartBuy	1 RP = ₹0.65 (depending on the item you are purchasing)
Redeemed to book flights or hotels from SmartBuy	1RP = ₹0.5
Reward Points redeemed on Products Catalogue via Netbanking & SmartBuy	1 RP = ₹0.35 (based on the item you buy).
Redeemed as Cashback against your statement	1 RP = ₹0.20

Things You Should Know About The HDFC Biz Power Credit Card

The HDFC Biz Power credit card offers a ton of earning opportunities to its customers. However, here are some things you must know about it.

• You need a minimum of 2500 RP balance left to redeem reward points against the statement balance.
• You can redeem your reward points to pay up to 50% of your flight and hotel bookings. The remaining amount must be paid via your credit card.
• You can use your RPs to pay up to 70% value of a product/Voucher. Rest, you must pay via your Biz Power credit card.
• Redemption of your 5x reward points is capped at a maximum of 5000 points in a statement cycle.
• 5x reward points are only applicable if a person has spent more than ₹25,000 in a statement cycle.
• The Biz Power credit card is only available for self-employed Indian citizens.

Tips to Get The Maximum Value From an HDFC Biz Power Credit Card With Example

Follow the tips below to churn out the maximum benefits from your Biz Power credit card.

Suppose you spend ₹5 lakh in a membership year on your Biz Power credit card. Out of these, ₹80,000 worth of transactions came under 5x reward point expenses. And ₹20,000 worth of transactions came under 10x reward points. The rest of the money was spent on business needs. From this, you earn:

• 10,660 RP coming from the “5x” category.
• 5,320 RP coming from “10x” category.
• 6,664 RP from the cost of business expenses.

This means you earn 22,644 RP in a year. This can provide a value of ₹11,322. Apart from this, you get 4% discount on hotel/flight bookings, a 10% discount on dining bills and restaurants and renewal fees waived, just for using the Biz Power credit card for business purposes.

Here are some tips to make sure you get the maximum value from this card.

• Use this card for business spends.
• Use SmartBuy for purchases and PayZapp for payments as your default apps.
• Periodically search for offers in SmartBUY BizDeals.
• Use this card for all business payments.
• Make sure you redeem your RPs before 2 years of issuance.
• Use maximum RPs at once to avoid paying multiple redemption fees.

Eligibility Criteria for an HDFC Biz Power Credit Card

Here is a list of HDFC Biz Power credit card eligibility criteria that an applicant must fulfil and provide adequate proof of while applying.

• Applicant must be a Self-employed Indian citizen.
• The age of the applicant must be between 21 to 65 years.
• Applicant must have an annual ITR above ₹12 Lakhs.

Steps To Apply For an HDFC Biz Power Credit Card

Follow the steps below to apply for your HDFC Biz Power credit card today.

Step 1: Visit the HDFC official website and, from the credit card options, navigate to the HDFC Biz Power credit card.

Step 2: You will find this card in the business credit card section.

Step 3: Now, click on the “Apply Now” button below.

Step 4: Enter your personal details, including phone number, DOB and PAN.

Step 5: Validate your phone number with an OTP.

Step 6: Now, enter the necessary personal and professional details as required.

Step 7: Finish the application process and wait for the response.

Note: You can use your ITR, GST returns, Bank Statements or Merchant payment report as income proof.

Conclusion

The HDFC Biz Power credit card empowers MSME owners to maximise rewards on essential business expenses. With accelerated points, valuable vouchers, lounge access, and SmartBuy benefits, it transforms routine spending into meaningful savings. By using it strategically, businesses can reduce costs, earn more rewards, and streamline financial management effortlessly.

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