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HDFC Bank Biz Grow Credit Card: Frequently Asked Questions (FAQ)

1. What are the key features of the Biz Grow card?

The HDFC Bank Biz Grow credit card is designed to cater to the needs of business owners. Here are some of the standout features:

• Extended Credit-Free Period: Enjoy up to 55 days of interest-free credit on all your business expenses.
• Core Earn: Earn 2 Cash Points for every Rs. 150 spent, excluding spends on petrol, wallet, rent, education, and EMIs.
• Accelerated Earn: Get 10X Cash Points on monthly spends above Rs. 10,000 on specific business expenses such as Telecom & Utility payments via Payzapp & SmartPay, Income tax payments, GST payments, and more, capped at 1,500 CP per month.
• Fuel Benefits: Avail a 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 5,000, with a maximum cashback of Rs. 250 per statement cycle.
• Milestone Benefit: Earn 2,000 Cash Points on quarterly spends of Rs. 1 lakh.
• Activation Benefits: Receive a Rs. 250 gift voucher when you activate your Biz Grow credit card within 37 days of issuance.
• Business Insurance Package: Opt for a business insurance package at an annual premium of Rs. 3,785 (including GST).
• Annual Fee Waiver: Get your annual renewal fee waived on spending Rs. 1 lakh in the previous year.

2. What are the other benefits of the Biz Grow credit card?

• Swiggy Dineout: Save up to 7.5% on restaurant bills paid via Swiggy Dineout at over 20,000 restaurants.
• SmartBuy Platform Benefits: Get up to 5% cashback on travel and online shopping via SmartBuy and up to 40% discounts on business software through SmartBuy Biz Deals.
• Utility Bill Payments: Automate and pay your utility bills via SmartPay & Payzapp and earn up to Rs. 1,800 cashback in the first year.

3. What are the additional benefits on the HDFC Biz Grow credit card?

• Term Loan Facility: Avail term loans as per eligibility, with options like Insta Loan and Jumbo Loan.
• SmartEMI: Convert large purchases into easy EMIs with attractive interest rates.
• Revolving Credit: Enjoy revolving credit on your card with a 3.60% monthly interest rate on the revolving balance.
• Zero Lost Card Liability: In case of card loss, you are protected from fraudulent transactions once reported.

4. How to avail a term loan using my HDFC Bank Biz Grow credit card?

You can avail a term loan through NetBanking or by contacting PhoneBanking. Simply log in to your HDFC NetBanking account and navigate to the 'Credit Cards' section to apply for an Insta Loan or Jumbo Loan.

5. What is the insurance package that HDFC Bank Biz Grow Card offers?

The HDFC Biz Grow Credit Card provides a comprehensive business insurance package, including:

• Fire & Burglary Insurance: Coverage up to Rs. 5 lakhs for shop content.
• Cash in Safe/Transit: Coverage up to Rs. 25,000.
• Electronic Equipment Insurance: Coverage up to Rs. 50,000 (excluding terrorism).
• Hospital Cash: Daily coverage of Rs. 1,000 for accidents or illness.

Higher coverage options are available at discounted premiums based on your business needs.

6. What are the joining and renewal fees for the Biz Grow credit card?

The joining and renewal fee for the HDFC Biz Grow credit card is Rs. 500 + applicable taxes.

7. What is the spend-based condition for the reversal of the annual fee?

To get the annual renewal fee waived, cardholders must spend more than Rs. 1 lakh in an anniversary year (12 billing cycles).

8. How much should cardholders spend to avail of the 10x Cash Points on their Biz Grow credit card?

Cardholders must spend more than Rs. 10,000 in a statement cycle to avail of 10X Cash Points on business expenses.

9. When will the first-year fee be charged on the Biz Grow credit card?

The first-year joining fee will be charged 120 days after the issuance of the card.

10. Who is eligible for a Biz Grow credit card?

Eligibility criteria include:

• Age: 21 to 65 years
• Annual ITR: Above Rs. 6 lakhs
• Required Documents: ITR, GST returns, bank statements, and merchant payment reports.

11. Where can a customer apply for a Biz Grow credit card?

Customers can apply at any HDFC Bank branch or digitally on the HDFC Bank website.

12. What is the milestone benefit on the HDFC Bank Biz Grow credit card?

Earn 2,000 Cash Points on quarterly spends of Rs. 1 lakh, which can be redeemed against your credit card statement balance.

13. What are the top offers on SmartBuy Biz Deals?

• SAAS Tools: Up to 40% off on productivity tools like Office 365, Tally, AWS, and more.
• Travel Benefits: Up to 3% off on flights and hotel bookings via MMT MyBiz.

14. What is Nuclei and what are the top software brands on Nuclei?

Nuclei is a global B2B fintech platform that partners with banks to deliver innovative consumer tech products. Top brands include Google Workspace, Tally, Office 365, AWS, and more.

15. What are the top offers on Nuclei via Biz Deals?

Offers include up to 48% off on Google Workspace, 22-40% off on Microsoft 365, and up to 30% cost optimizations on cloud tools like AWS and Azure.

16. What are the benefits for business customers on MMT MyBiz via SmartBuy Biz Deals?

• Domestic Flights: Up to 3% off
• International Flights: Up to 3% off
• Hotels: Up to 4% off

Additional benefits include low cancellation fees, free meals, seat selection, and instant GST invoices.

17. How to set a PIN on my HDFC Bank Biz Grow credit card?

Set your PIN through MyCards, IVR, NetBanking, or at any HDFC Bank ATM using the green PIN sent to your registered mobile number.

18. How can I enable online, international, and contactless transactions on the Biz Grow credit card?

You can enable these transactions through MyCards, EVA (HDFC’s Digital Assistant), WhatsApp Banking, or NetBanking.

19. How can I pay Income Tax & GST using the HDFC Biz Grow Credit Card?

Steps for paying Income Tax and GST:

• Income Tax: Log in to the Income Tax portal, select payment options, and enter your Biz Grow credit card details.
• GST: Log in to the GST portal, create a challan, and pay using your Biz Grow credit card.

20. How can a customer redeem Cash Points earned on the Biz Grow Credit Card?

Cash Points can be redeemed against the statement balance, SmartBuy Rewards, Insta vouchers, My Rewards Product Catalogue, and selected merchants.

21. Can contactless transactions be done on the HDFC Bank Biz Grow Credit Card?

Yes, the Biz Grow Credit Card is enabled for contactless payments, allowing fast and secure transactions up to Rs. 5,000 without a PIN.

22. How can I track and control the spends on my Biz Grow Credit Card?

Track and control your spending using the HDFC Bank MyCards platform.

23. What should I do if my card is lost or stolen?

Immediately report the loss to the HDFC Bank Credit Cards Customer Service. You can also update your contact details through Customer Service.

24. What are the options for paying the credit card bill?

You can pay your bill via Mobile Banking, NetBanking, ATM funds transfer, cash, cheque, Auto-Pay, or from a non-HDFC Bank account.

25. What is the validity period for Cash Points earned on the HDFC Biz Grow Credit Card?

Cash Points are valid for 2 years from the date of accumulation.

26. How much does an HDFC Bank Biz Grow Credit Card holder save annually?

Cardholders can save approximately 6% annually, with savings across rewards, milestone benefits, dining, and platform benefits.