HDFC Biz Grow Credit Card

About HDFC Biz Grow Credit Card

Are you a small business owner paying full price for essential software like Tally, AWS, or Google Workspace? If so, you are likely leaving thousands of rupees on the table every single month.

The HDFC Biz Grow Credit Card is built specifically to put that money back into your business. With a potential annual saving of up to ₹27,300, this card transforms your regular business overheads into a source of capital. It is not just about points, it is about reducing the cost of doing business in a way that most retail cards simply cannot match.

Designed for entrepreneurs and professionals earning at least ₹4 lakh to ₹6 lakh annually, this card offers a straightforward path to rewards. Whether you are stocking up at D-Mart or booking business trips, the savings are automatic and substantial.

What sets it apart:

• Huge Software Discounts: Get up to 40% off on critical tools like Tally, Microsoft 365, and AWS through SmartBuy Biz Deals.
• Bulk Shopping Rewards: Get 10X CashPoints on D-Mart spends once you cross a total monthly spend of ₹10,000.
• Low Maintenance: The ₹500 annual fee is waived if you spend just ₹1 lakh in a year, which is less than ₹8,500 per month.

Quick check: To qualify, you need a credit score (CRIF) of 720 if you are salaried, or 750 if you are self-employed. You should also meet the minimum income requirement of ₹50,000 per month or an ITR of ₹6 lakh annually.

Let's break down why this card stands out for your business:

Key Benefits and Features of HDFC Biz Grow Credit Card

This card offers a multi-layered approach to savings, focusing on business-specific categories that most other cards ignore. Here is a detailed look at how you can maximize your benefits.

Business Software and Productivity Savings

Running a modern business requires software, and these costs add up. The HDFC Biz Grow card offers one of the most aggressive discount structures in the market through the SmartBuy Biz Deals platform. You can get up to 40% off on purchases for Tally, Office 365, AWS, and Google Workspace. For a growing startup or a consultancy, this benefit alone can cover the card's annual fee many times over.

The D-Mart and Milestone Advantage

If you use your card for inventory or office supplies at D-Mart, the rewards scale significantly. You get 10X CashPoints on select business spends after you have spent more than ₹10,000 in a month. Each CashPoint is worth ₹0.25. While the base rate is standard, the 10X multiplier makes it a powerhouse for grocery and supply runs. Additionally, if you reach a quarterly spend of ₹1 lakh, you get a milestone booster of 2,000 CashPoints.

Dining and Lifestyle Perks

Business meetings often happen over lunch or dinner. You can get up to 20% off on your restaurant bills when you pay via Swiggy Dineout using your card. This is part of a broader 7.5% savings ecosystem via Swiggy that makes professional networking more affordable.

Travel Savings for Business Trips

Booking travel for yourself or your team is cheaper with the Biz Grow card. Through MMT MyBiz and SmartBuy Biz Deals, you can save up to 4% on hotel bookings and 3% on domestic and international flights. These are instant savings that help keep your travel budget in check.

Fuel and Utility Benefits

Keep your commute costs low with a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000. You can save up to ₹250 per statement cycle. For utilities, setting up SmartPay for auto-payments can get you up to ₹1,800 back in your first year through a combination of cashback and bonus e-vouchers.

Annual Fees and Waiver Conditions

The HDFC Biz Grow Credit Card comes with a very accessible fee structure:

• Joining Fee: ₹500
• Annual/Renewal Fee: ₹500
• Fee Waiver: Spend ₹1 lakh in your anniversary year to get the renewal fee waived.
• Welcome Benefit: Get a gift voucher worth ₹250 from top brands if you make just one transaction within the first 37 days of getting your card.

Insurance Coverage for Your Business

For an annual premium of approximately ₹3,785, you can opt for a business insurance package. This includes fire and burglary cover up to ₹5 lakh, electronic equipment protection up to ₹50,000, and hospital cash benefits of ₹1,000 per day in case of illness or accident. This provides a safety net that most standard credit cards lack.

How to Apply for HDFC Biz Grow Credit Card

The application process is designed to be straightforward. Follow these steps to get started:

1. Check Your Eligibility: Before applying, ensure you meet the age criteria of 21-60 years for salaried individuals or 21-65 years for self-employed applicants.
2. Verify Income: Ensure your monthly income is at least ₹50,000 (for salaried) or you have an ITR of ₹6 lakh or more (for self-employed).
3. Visit the Official Portal: Go to the HDFC Bank website or the BankKaro platform to find the HDFC Biz Grow application link.
4. Fill the Form: Enter your mobile number and PAN details to start the digital application.
5. Submit Documents: Upload your identity, address, and income proofs as prompted.
6. Complete Video KYC: Finish the verification process through a quick video call with a bank representative.
7. Card Activation: Once approved, you will receive your card. Remember to make a transaction of at least ₹100 within the first 30 days to stay eligible for rewards.

Credit Limit and What to Expect

Credit limits for the HDFC Biz Grow card are not fixed. They are assigned based on your documented income, your current credit score (CIBIL or CRIF), and your existing banking relationship with HDFC.

Applicants with a clean credit history and a CRIF score above 750 receive a competitive starting limit. If you already hold an account with HDFC Bank, your chances of getting a higher limit are better. Credit limits range from ₹40,000 to ₹3,00,000 depending on your income profile and existing relationship with the bank.

Comparison Table: HDFC Biz Grow vs. Competitors

To understand where this card sits in the market, let's compare it with other entry-level business credit cards.

Choose the HDFC Biz Grow if your business relies heavily on software tools and you frequently shop at D-Mart for supplies. While the SBI Card Prime Business offers more travel perks, its much higher fee makes it less ideal for small startups compared to the Biz Grow.

Documents Required for HDFC Biz Grow Application

You will need to submit the following documents when applying:

For Salaried Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, or Voter ID.
• Address Proof: Aadhaar Card, Passport, or Utility Bills not older than 2 months.
• Income Proof: Latest 3 months' salary slips and 6 months' bank statements.
• Employment Proof: Office ID card or official employment letter.

For Self-Employed Applicants

• Identity Proof: PAN Card (mandatory) and Aadhaar Card.
• Address Proof: Aadhaar Card, Passport, or Business Address Proof (like a Rent Agreement).
• Income Proof: Latest 2 years' ITR with computation of income and 6 months' bank statements.
• Business Proof: Business registration certificate, GST registration, or Shop Act License.

Note: All documents must be self-attested. The bank may request additional documents during the verification process.

Who Should Get This Card?

Should you get this card? Here is who benefits the most:

The "SaaS-Heavy" Small Business

If you are an IT consultant or a small agency owner spending ₹20,000 a month on AWS or Google Workspace, this card is a no-brainer. The 40% discount via SmartBuy Biz Deals could save you nearly ₹8,000 a month. In this scenario, the card pays for itself in just a few days of use.

The Local Retailer or Office Manager

If you manage a small office and spend ₹15,000 monthly at D-Mart on cleaning supplies, snacks, and stationery, you will hit the 10X reward threshold easily. Combined with the quarterly milestone of 2,000 points, you could be looking at over ₹5,000 in annual savings just from your grocery runs.

The Budget-Conscious Professional

If you want a business card that does not feel like a burden, this is it. With a low ₹500 fee and an easy waiver at ₹1 lakh annual spend, it is perfect for those who want business features without the high costs of premium corporate cards.

You might want to skip this card if:

• You need complimentary airport lounge access, as this card does not provide it.
• You want a card for high-end international travel perks.
• Your monthly income is below ₹50,000, making it harder to meet the eligibility criteria.

BankKaro Expert Review

Based on my analysis of the card's features, the HDFC Biz Grow excels at solving the specific pain points of small Indian businesses. Most "business" cards focus on airports and golf, but this one focuses on Tally and D-Mart. That is a refreshing and practical approach for the average entrepreneur.

The biggest limitation is the reward conversion rate of ₹0.25 per point, which is on the lower side for general spends. However, the 10X multipliers and the massive software discounts more than compensate for this if you spend in the right categories.

Our verdict: Choose this card if you want a low-cost, high-utility tool to manage your business overheads. It is one of the most efficient ways to lower your software and supply costs without changing your spending habits. However, if your business requires frequent flying and you value luxury perks like lounges, you will find this card lacking.

Terms and Conditions

Please keep the following terms in mind:

• The bank may offer a different card variant based on your eligibility. Please carefully read the features of the card offered before submitting your application.
• A minimum transaction of Rs.100 within 30 days is required to activate the card, otherwise, you won’t be eligible for the Rewards.
• Reward points are not earned on excluded categories like rent payments, fuel, insurance, EMI transactions, and government-related payments.
• CashPoints are valid for 2 years from the date of accumulation, after which they expire.