HDFC Bank UPI RuPay Biz Credit Card

HDFC Bank stands as a prominent player in the Indian banking sector, boasting the largest count of actively used credit cards. Recently, the bank introduced a new offering, the HDFC Bank UPI RuPay Biz Credit Card, emphasizing credit with a purpose. Designed to facilitate a seamless credit journey, this card is equipped with a comprehensive set of features. The advantages it brings to your business are numerous, with a key focus on easing daily expenditures.

Key Highlights of HDFC Bank UPI RuPay Biz Credit Card

  1. Earn 3% Cashpoints on expenses related to groceries, Super Market purchases, and dining.
  2. Get 1% Cashpoints on every other type of spending.
  3. Receive 2% Cashpoints on all utility expenditures.
  4. Renewal membership fee waived with a minimum spend of Rs. 25,000.
  5. Enjoy a generous interest-free period of 50 days.
  6. Benefit from a 1% fuel surcharge waiver.
  7. Accumulated Cashpoints from expenses can be redeemed for flight bookings, hotel reservations, and statement credits.

Features and Benefits of HDFC Bank UPI RuPay Biz Credit Card

The HDFC Bank UPI RuPay Biz Credit Card offers several features and benefits:

1. Milestone Benefit:

  • Waiver of the annual fee upon reaching a minimum spend of Rs. 25,000 in the previous annual year.

2. Rewards:

  • Earn 3% Cashpoints on expenses related to groceries, Super Market, and Dining.
  • Get 2% cash points on all Utility spends.
  • Earn 1% Cashpoints on all other types of expenditures.
  • Maximum of 500 points allowed per category in a calendar month.

3. Reward Redemption:

  • Redeem rewards against the statement balance at a rate of 1 Cashpoint = Rs. 0.25.
  • CashPoints can be utilized for travel benefits, covering up to 50% of flight and hotel bookings at Rs. 0.25 per Cashpoint.
  • Redeem rewards through the SmartBuy rewards portal against a reward catalog, with each CashPoint valued at Rs. 0.25.

4. Other Benefits:

  • Receive a 1% waiver on fuel surcharge for all fuel transactions.
  • Benefit from an interest-free period of 50 days.

HDFC Bank UPI RuPay Biz Credit Card Fees and Charges

Explore the fee structure for the HDFC Bank UPI RuPay Biz Credit Card and discover the financial advantages that come with it.

1. Membership Fees: Joining and annual fee: Rs. 250 plus applicable taxes.

2. Interest Rates:

  • Monthly interest rate: 3.60%
  • Annual interest rate: 43.20%

3. Foreign Transactions: 3.5% on the transacted amount.
4. Cash Advances: 2.5% or Rs. 500, whichever is higher.
5. Additional Charges: No added-on card fee.

Eligibility Criteria for HDFC Bank UPI RuPay Biz Credit Card

Here are essential criteria for applying for an HDFC Bank UPI RuPay Biz Credit Card:

1. Business Type:

  • Self-employed individuals
  • Business owners

2. Age: Minimum age requirement
3. Credit Score: Satisfactory credit score
4. Income: Minimum income criteria
5. UPI Usage: Active usage of UPI services
6. Documentation: Submission of required documents
7. Other Requirements: Meeting specific criteria set by HDFC Bank

Documents Required for HDFC Bank UPI RuPay Biz Credit Card

To apply for the HDFC Bank UPI RuPay Biz Credit Card, you will typically need to provide the following documents:

1. Identity Proof:

  • Aadhaar Card
  • Voters ID Card
  • Pan Card

2. Address Proof:

  • Aadhaar Card
  • Last Month’s Electricity Bill
  • Water Bill
  • Passport

3. Income Proof:

  • Salary Slips
  • Income Tax Returns (ITRs)

4. Additional Documents:

  • Driving License
  • Business Registration Certificate

How To Apply for HDFC Bank UPI RuPay Biz Credit Card?

Follow these steps to apply for the HDFC Bank UPI RuPay Biz Credit Card:

  1. Visit HDFC Bank’s Official Website: Go to the official website.
  2. Navigate to Credit Cards Section: Find and click on the “Credit Cards” section.
  3. Choose UPI RuPay Biz Credit Card: Select the HDFC UPI RuPay Biz Credit Card from the available options.
  4. Select “Apply Now”: Identify the “Apply Now” button and proceed to select it.
  5. Fill in the Application Form: Complete the online application form with accurate personal and financial details.
  6. Submit Required Documents: Upload the necessary documents, such as proof of identity, address, and income.
  7. Review and Confirm: Review the information provided, and confirm the application.
  8. Application Processing: Wait for the bank to process your application. You might receive notifications regarding the status.
  9. Verification and Approval: The bank may verify the information provided and, upon approval, issue the HDFC UPI RuPay Biz Credit Card.
  10. Card Delivery: Once approved, the credit card will be delivered to the address provided during the application process.

Frequently Asked Questions (FAQs) –

Q: What is the HDFC Bank UPI RuPay Biz Credit Card?

A: The HDFC Bank UPI RuPay Biz Credit Card is a credit card designed for business owners and self-employed individuals, offering UPI-enabled transactions and various benefits.

Q: Who is eligible to apply for the HDFC UPI RuPay Biz Credit Card?

A: Self-employed individuals and business owners meeting specified criteria, including age, income, and credit score, are eligible to apply.

Q: How can I apply for the HDFC UPI RuPay Biz Credit Card online?

A: Visit the HDFC Bank website, navigate to the Credit Cards section, select the HDFC UPI RuPay Biz Credit Card, and follow the online application process.

Q: What documents are required for the UPI RuPay Biz Credit Card application?

A: Commonly required documents include proof of identity, address, income, and other documents specified by HDFC Bank.

Q: What are the key features of the UPI RuPay Biz Credit Card?

A: Features may include UPI-enabled transactions, rewards, cashback, and other benefits tailored for business needs.

Q: Can I track the status of my HDFC UPI RuPay Biz Credit Card application?

A: Yes, you can typically track the status online through the HDFC Bank website or contact customer support for updates.

Q: How does the UPI functionality work on this credit card?

A: The UPI functionality allows seamless and secure digital transactions, enabling users to make payments and manage business expenses conveniently.

Q: Are there any annual fees associated with the UPI RuPay Biz Credit Card?

A: Check the terms and conditions, as annual fees may apply. Some credit cards may offer fee waivers or promotional benefits.

Q: What security measures are in place for UPI transactions with this credit card?

A: HDFC Bank implements robust security protocols to safeguard UPI transactions, including encryption and authentication features.

Q: How can I contact HDFC Bank for further assistance or inquiries about the UPI RuPay Biz Credit Card?

A: You can reach HDFC credit card customer care support through their helpline, email, or by visiting a local branch. Contact details are available on the bank’s official website.