The HDFC Biz Grow Credit Card is designed for entrepreneurs, freelancers, and small business owners who seek an efficient way to manage expenses and maximize benefits. With attractive rewards, business-centric features, and financial flexibility, this card is a game-changer for professionals looking to optimize their spending.
In this article, we will explore the ranking, features, benefits, fees, eligibility, and a comparative analysis of the HDFC Biz Grow Credit Card to help you determine if it is the right fit for your business needs.
Ranking: Where Does HDFC Biz Grow Credit Card Stand?
HDFC Bank is renowned for offering top-tier credit cards, and the Biz Grow Credit Card ranks among the best business credit cards in India. Below is a ranking based on different evaluation criteria:
| Category | Ranking/Score |
|---|---|
| Business Benefits | 9/10 |
| Reward Points & Cashback | 8.5/10 |
| Annual Fee & Charges | 8/10 |
| Credit Limit | 9/10 |
| Ease of Application | 8.5/10 |
| Security & Fraud Protection | 9.5/10 |
| Overall Rating | 8.8/10 |
Based on these rankings, the HDFC Biz Grow is an excellent option for business owners who seek financial flexibility, rewards, and premium benefits.
Key Features of HDFC Biz Grow Credit Card
Here are some of the standout features of this card:
- Reward Points – Earn reward points on every business transaction, redeemable for vouchers, travel benefits, and cashback.
- Fuel Surcharge Waiver – Enjoy a 1% fuel surcharge waiver at all fuel stations across India.
- Lounge Access – Complimentary domestic airport lounge access for business travelers.
- Contactless Payment – Enhanced security with tap-and-pay technology.
- Business Expense Management – Advanced analytics and expense tracking for better financial management.
- EMI Conversion – Convert large purchases into affordable EMIs at low-interest rates.
- Insurance Benefits – Complimentary travel and accident insurance for cardholders.
Fees and Charges
It’s crucial to consider the costs associated with this credit card:
| Fee Type | Charges |
| Joining Fee | ₹999 + GST |
| Annual Fee | ₹999 + GST (waived on spending ₹2 lakh annually) |
| Interest Rate | 3.6% per month (43.2% per annum) |
| Cash Advance Fee | 2.5% of transaction (Min ₹500) |
| Foreign Transaction Fee | 3.5% of transaction amount |
| Late Payment Fee | ₹100 – ₹1300 (depending on outstanding amount) |
Eligibility & Documentation
Eligibility Criteria
- Age: 21 – 65 years
- Self-employed professionals, business owners, or freelancers with a minimum annual income of ₹6 lakh
- Good credit score (preferably 700+) and no major defaults
Required Documents
- PAN Card & Aadhaar Card
- Business Proof (GST certificate, Business Registration, or Income Tax Return)
- Address & Identity Proof
- Recent Bank Statements
Comparison With Other Business Credit Cards
| Credit Card | Annual Fee | Rewards & Benefits | Best For |
| HDFC Biz Grow Credit Card | ₹999 | High rewards, lounge access, business expense tracking | Small business owners, freelancers |
| SBI Platinum Corporate Card | ₹1499 | Corporate travel benefits, high credit limit | Mid-sized enterprises, corporate users |
| ICICI Bank Business Advantage Card | ₹500 | Fuel surcharge waiver, business rewards | Frequent business travelers |
| Axis My Business Credit Card | ₹999 | Cashback on business purchases | Retailers, service providers |
Pros & Cons of HDFC Biz Grow Credit Card
Pros:
- High reward points and cashback benefits
- Flexible EMI conversion for big transactions
- Free airport lounge access for business travelers
- Secure contactless payment technology
- Fuel surcharge waiver saves costs
Cons:
- Annual fee of ₹999, unless waived
- High foreign exchange markup (3.5%)
- Limited lounge access (domestic only)
Is the HDFC Biz Grow Credit Card Worth It?
The HDFC Biz Grow Credit Card is a solid choice for small business owners, freelancers, and entrepreneurs who frequently travel, make digital transactions, or need business-related expense tracking. With excellent reward rates and added business perks, it competes well with other business credit cards in India.
However, if your business involves frequent international transactions, you may want to consider a card with a lower foreign exchange fee.
FAQs
Q1. Can I use the HDFC Biz Grow for personal expenses?
Ans. Yes, but it’s designed for business-related expenses to maximize benefits.
Q2. How do I redeem my reward points?
Ans. You can redeem points through HDFC NetBanking for vouchers, cashback, or air miles.
Q3. Does this card offer international lounge access?
Ans. No, currently it provides domestic lounge access only.
Q4. What is the minimum income required?
Ans.₹6 lakh annual income for self-employed professionals and business owners.
Q5. Is there an option for fee waiver?
Ans. Yes, if you spend ₹2 lakh annually, the annual fee of ₹999 is waived.
Conclusion
If you’re a business owner looking for a high-reward credit card with premium business benefits, the HDFC Biz Grow Credit Card is a top-tier option. While it has some minor drawbacks like foreign transaction fees, the expense management tools, reward structure, and travel perks make it a valuable asset for businesses in India.
Would you like assistance in applying for this credit card? Feel free to drop your queries in the comments!
