HDFC Business Corporate MoneyBack Credit Card is ideal for businessmen and women in the corporate sector. With the opportunity to earn up to 3X Reward Points on business spends, this card allows HDFC cardholders in the business sector to spend without any worry.
Some of the main features of the card are:
By paying for your business related expenses through your HDFC Business Corporate MoneyBack Credit Card, you can earn up to 2 Reward Points for every Rs.150 spent. Accumulated reward points can then be redeemed for air miles as well as attractive gifts that can be chosen from an exclusive rewards catalogue.
Reward points on this card can also be redeemed for CashBack against the outstanding amount on your credit card. (100 Reward Points can be redeemed for cashback of Rs.30)
If you use the Corporate MoneyBack Credit Card only for business spends, it entitles you to earn up to 3X times Reward Points. With every Rs.150 spent on flight bookings, hotel reservations, restaurants and online purchases using the card, you can get 6 Reward Points.
Accumulated reward points carry an expiry date, which is two years from the date of accumulation of points.
You can also avail the benefit of revolving credit on the card at affordable interest rates.
Cardholders get a credit free interest period of up to 50 days. The period commences from the date of purchase.
Every fuel transaction made within the range of Rs.400 to Rs.5,000, entitles you to a waiver of up to Rs.500 per statement.
If you spend Rs.10,000 within the first 90 days from the issue of card, you can avail a waiver on membership for the first year. If your expenses are above Rs.50,000, you can get a waiver on next year’s annual membership fee.
Cardholders of the HDFC Business Corporate MoneyBack Credit Card can also enjoy exclusive access to airport lounges at airports all over the country.
In case, your card is misplaced, you must inform HDFC Bank’s 24/7 call centre. Following the complaint, you will have a zero liability on any fraudulent transactions made using your credit card.
The HDFC Business Corporate MoneyBack Credit Card is a Chip enabled card and can be used at any Chip enabled POS or swiped at any regular POS (non-chip POS).
This Corporate Credit Card variant from HDFC comes with some special benefits such as:
|Minimum Repayment Amount||5% or Rs.200|
|Interest Free Period||Max. 50 days|
|Cash Advance Limit||40% of the credit limit|
|Add-on card||Free for Lifetime (Up to 3)|
|Charges on Revolving Credit||3.40% (monthly)/40.8% (annual)|
|Cash Advance Charges||2.5% of withdrawn amount/Rs.300, whichever is higher|
|Overlimit Account Charges||2.5% of overlimit amount, subject to minimum of Rs.500|
|Cash Processing Fee||Rs.100 (HDFC Banks or ATMs)|
|Rewards Redemption Fee||Rs.75 per redemption request|
|Balance Transfer Processing Charges||2% of Balance Transfer amount/Rs.250, whichever is higher|
|Reissue of Misplaced Card||Rs.100|
|Outstation Cheque Processing Charge||Up to Rs.5,000 – Rs.35 Above Rs.5,000 – Rs.50|
|Charges for Foreign Currency Transactions||Cross currency mark-up of 3.5%|
|GST||Applicable on all charges|
Late Payment Fee:
|Rs.100 up to Rs.500||Rs.100|
|Rs.501 up to Rs.5,000||Rs.400|
|Rs.5,001 up to Rs.10,000||Rs.500|
Yes, this Business Corporate MoneyBack Credit Card is accepted all over the world, wherever Visa/MasterCard is accepted.
You can use the card for online transactions but it requires to be registered for ‘Verified by Visa/MasterCard SecureCode’ first to ensure safety of the transactions.
The merchant takes your card and taps it in the POS terminal and the amount is charged. A charge-slip is printed upon which you are required to sign.
You can report your lost card to the 24-hr customer care centre of the bank, after which you have zero liability towards any fraudulent transactions made using the card.
You can either pay by cash, cheque, or make the payment at the ATM or via NetBanking.
*GST rate of 18% applicable for all financial services effective July 1, 2017
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