HDFC Business Moneyback Credit card

About HDFC Business Moneyback Credit Card

Are you a business owner watching thousands in expenses leave your account every month without getting anything back? The HDFC Business Moneyback Credit Card changes that by turning your essential business spends into rewards.

This card helps self-employed professionals manage cash flow while earning CashPoints on every transaction. By spending just ₹4,200 a month, you can completely waive the annual fee, making this card virtually free for active users. It is a straightforward tool for those who want to separate business and personal expenses while getting a 0.20 to 0.25 value on their points.

Specifically designed for entrepreneurs and small business owners earning ₹6 lakh or more annually, this card offers a low-cost entry into the HDFC business ecosystem.

What sets it apart:

• Instant Fee Recovery: Get 500 CashPoints as a welcome gift, which matches your joining fee value.
• Dining Perks: Enjoy a 10% discount on Swiggy Dineout, a feature often missing from basic business cards.
• Easy Waiver: Unlike premium cards requiring lakhs in spend, this card waives the fee at just ₹50,000 annual spend.

Quick check: To qualify, you should be between 21 and 65 years old with a minimum annual income of ₹6 lakh and a credit score (CRIF) of 720 or higher.

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

Key Benefits & Features of HDFC Business Moneyback Credit Card

The HDFC Business Moneyback Credit Card is packed with features that cater to the daily needs of a small enterprise. Here is how you can maximize its value:

Welcome and Milestone Rewards

When you join and pay your membership fee of ₹500, HDFC credits your account with 500 CashPoints. This effectively makes the card free for the first year. To keep the rewards flowing, ensure you make at least one transaction of ₹100 within the first 30 days to activate all card benefits.

SmartBuy Flight Benefits

While this isn't a dedicated travel card, it offers surprising value for business trips. You can redeem your CashPoints for flight bookings through the HDFC SmartBuy portal. In this category, 1 CashPoint is worth ₹0.25. You can pay for up to 50% of your ticket value using these points, with a monthly redemption limit of 50,000 points.

Dining and Lifestyle Perks

Business meetings or team lunches get cheaper with this card. You get a 10% discount when using Swiggy Dineout with the code HDFCCARDS. Specifically, you can get a flat ₹200 discount on transactions above ₹2,000, which is available twice every month. This can save you up to ₹4,800 annually on dining alone.

Fuel Surcharge Waiver

For your business commutes, the card offers a 1% fuel surcharge waiver. This applies to transactions between ₹400 and ₹5,000. You can save up to ₹250 in every statement cycle, which adds up to ₹3,000 in savings per year if you are a frequent driver.

Fees, Annual Waivers, and Eligibility

The card comes with a joining fee of ₹500 and an annual fee of ₹500. However, you don't have to pay this if you are an active spender. If you spend ₹50,000 within a year, the bank waives the renewal fee for the next year.

To get this card, you must meet the following eligibility criteria:

• Age: 21 to 65 years for self-employed individuals.
• Income: A minimum of ₹6 lakh per annum (ITR).
• Credit Score: A CRIF score of 720 or above is generally required for self-employed applicants.

Important Spend Exclusions

Note that you will not earn rewards or count spends toward fee waivers on certain categories. These include rent payments, education fees, wallet reloads, EMI transactions, fuel, and government-related payments. Focus your spending on procurement, utility bills, and travel to maximize points.

How to Apply?

Applying for the HDFC Business Moneyback Credit Card is a straightforward process. Follow these steps to get started:

1. Visit the official HDFC Bank website or a partner portal and navigate to the Business Credit Cards section.
2. Step 2: Ensure you meet the minimum income requirement of ₹6 lakh annually and have your ITR documents ready.
3. Fill in your mobile number and PAN card details to check for any pre-approved offers.
4. Complete the digital application form by providing your business details and residential address.
5. Schedule a digital KYC or a physical document collection visit if required by the bank.
6. Once your documents and credit score (CRIF 720+) are verified, the bank will process the application.
7. After approval, you will receive your card within 7 to 10 working days.

Cards are generally delivered within 3 to 5 working days in metro cities and 7 to 10 working days in non-metro locations following approval.

Credit Limit & What to Expect

Credit limits for the HDFC Business Moneyback Credit Card are not fixed. The bank assigns limits based on your ITR, existing credit score, and your previous relationship with HDFC Bank. Typically, a self-employed professional with a steady 6 LPA income and a 720+ CRIF score can expect a comfortable starting limit to manage business purchases. Credit limits typically range from ₹50,000 to ₹3,00,000, determined strictly by your reported income and credit utilization ratio at the time of application.

Comparison Table

How does the HDFC Business Moneyback hold up against other entry-level business cards? Here is a look at the competition:

The HDFC Business Moneyback is clearly the best choice for small business owners who want a card that pays for itself. With the lowest spending requirement for a fee waiver (only ₹50,000), it beats the Axis My Business and SBI Platinum Business for those who don't want to commit to high annual spends just to avoid a fee.

Documents Required for HDFC Business Moneyback Credit Card Application

Since this is a business-centric card, the documentation focuses on your professional stability. You will need to submit:

For Self-Employed Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, or Voter ID.
• Address Proof: Aadhaar Card, Passport, or recent Utility Bills.
• Income Proof: Latest 2 years' ITR (Income Tax Returns) with a computation of income showing at least ₹6 LPA.
• Business Proof: GST registration certificate, Business registration certificate, or Shop Act License to verify the entity.
• Bank Statements: Statements of your primary business/current account for the last 6 months.

Note: All documents must be self-attested. The bank might ask for additional CA-certified financials if your business structure is complex.

Who Should Get This Card?

Should you get this card? Here is who benefits the most from the HDFC Business Moneyback Credit Card:

The Early-Stage Entrepreneur: If you have just stabilized your business and are earning around ₹50,000 a month (₹6 LPA), this card is a great fit. It gives you a formal business credit line without the burden of a high annual fee. If you spend roughly ₹4,500 a month on office supplies or utilities, the card becomes free for you.

The "Working Lunch" Professional: If your business involves meeting clients over coffee or meals, the 10% Swiggy Dineout discount is a massive advantage. Spending ₹4,000 a month on dining would save you ₹400 monthly, covering the card's entire annual cost in just two months.

The Value Seeker: You should choose this card if you want simple rewards. Since 1 CashPoint equals ₹0.20 for general use and ₹0.25 for flights, the math is easy. It is better than standard cards for those who book flights through SmartBuy for business travel.

You might want to skip this card if:

• Your business requires frequent international travel, as this card lacks airport lounge access.
• You spend more than ₹5 lakh annually, in which case a premium business card would offer much higher reward rates.

BankKaro Expert Review

Based on the card's features, the HDFC Business Moneyback excels at being a low-friction, entry-level business tool. It doesn't pretend to be a luxury travel card. Instead, it focuses on what matters to a small business owner: low fees and easy waivers.

The biggest limitation is the reward conversion rate. At ₹0.20 per point, the value is modest compared to HDFC's premium Regalia or BizBlack variants. Furthermore, the absence of any lounge access or railway benefits might feel restrictive if you travel across India for work.

Our verdict: Choose this card if you are getting your first business credit card and want to build a credit history with HDFC while keeping your costs at zero. It is a practical, no-nonsense card that rewards the basic expenses of running a shop or a consultancy.

Terms and Conditions

Please keep the following terms in mind before applying:

• The bank may offer a different card variant based on your specific eligibility and credit profile. Please carefully read the features of the card offered before submitting your application.
• A minimum transaction of ₹100 within 30 days of card issuance is required to activate the card. If you fail to do this, you will not be eligible for the 500 CashPoint welcome rewards.
• CashPoints are not earned on fuel, rent, or government transactions.
• Detailed policies regarding interest rates, late fees, and reward redemption are outlined in the Most Important Terms and Conditions (MITC) document provided with your card kit.