HDFC Bizgrow Credit Card Vs HDFC Business Moneyback Credit Card: Which one is better?

Many HDFC Business MoneyBack Credit card holders got an email/SMS for an upgrade offer to the HDFC Bizgrow Credit Card. Today we will discuss the HDFC Bizgrow Credit Card Vs HDFC Business Moneyback Credit Card and should upgrade to this card offered by bank.

HDFC generally offers MoneyBack or Business MoneyBack credit cards to the account holders within 6-7 months of a basic savings or current account opening. This card considered to be very basic entry-level card by HDFC Bank with generic cashback offers.

Let’s see what’s special in HDFC Bizgrow Credit Card!

HDFC Bizgrow Credit Card

HDFC Bizgrow Credit Card offers up to 55 days Interest-Free Credit Period. Customers can earn 2 Cash Points on every Rs.150 spent for their business needs.

Best Suited for	Business Spends
Joining Fee	Rs. 500 +18%GST
Renewal Fee	Rs. 500 +18%GST
Eligibility	Self Employed Indian Citizen aged between 21 yrs. to 65 Yrs. Annual ITR above Rs 6 Lakhs
Best Feature	10X Cashpoints on Business spents online
CardForum.in’s Rating	★★★★(4/5)

HDFC Bizgrow Credit Card offers 10X Cashpoints on the following payments:

1. Bill Payment via Payzapp & SmartPay
2. Income Tax/ Advance Tax payment via eportal.incometax.gov.in
3. GST payment via payment.gst.gov.in
4. Hotel & flight booking on MMT MyBiz powered by SmartBuy BizDeals
5. Business Productivity tools like Tally, Office 365, AWS, Google, Credflow, Azure & more via SmartBuy BizDeals – Nuclei
6. Dmart
7. Cleartax

Note: 10X Cash Points applicable on minimum spends Rs. 10,000 in statement cycle.

A maximum of 1,500 Cash Points can be earned per statement cycle.

Card Activation Benefit

Get a Gift voucher worth Rs.250/- on making one transaction on your Biz Grow Credit card within the first 37 days of card issuance. Voucher is redeemable on top brands like Amazon, Swiggy & more.

Eligibility:

HDFC Bank Biz Grow Credit Card Eligibility :

A Self Employed Indian Citizen aged between 21 yrs. to 65 Yrs.

Annual ITR above Rs 6 Lakhs

(Customers can apply credit card using ITR, GST returns, Bank Statements and Merchant payment report)

NOTE: As of September 2024, HDFC Bank is offering HDFC Bizgrow Credit Card as a free upgrade to the HDFC MoneyBack and HDFC Business Moneyback credit card holders.

Fees & Charges:

1. Joining/Renewal Membership Fee – Rs. 500/- plus 18% GST
2. Spend Rs. 1 Lakhs in an anniversary year (12 billing cycles) and get Renewal Fee waived for next renewal year.

HDFC Business Moneyback Credit Card

HDFC Business Moneyback Credit Card is a basic entry-level credit card by HDFC Bank. With this card, customers can avail Up to 50 days interest-free credit period and 5% Monthly Cashback on Business Essential Spends like  (electricity bills, telephone & internet bills, Government & Tax Payments).

Reward Points Features:

Best Suited for	Reward Point + CashBack
Joining Fee	Rs. 500 +18%GST
Renewal Fee	Rs. 500 +18%GST
Eligibility	Self Employed Indian Citizen aged between 21 yrs. to 65 Yrs. Annual ITR above Rs 6 Lakhs
Best Feature	Earn 2X Reward Points on every Rs. 150 spent online
CardForum.in’s Rating	★★★(3/5)

• Earn 2X Reward Points i.e. 4 Reward Points on every Rs. 150 spent online (T&C apply)
• Earn 2 Reward Points on all other retail spends (excluding wallet, emi and petrol) for every Rs. 150 spent
• Bonus 2,500 Reward Points on Rs. 1.8 lakhs spends in an anniversary year.
• Redeem your reward points as cashback against statement (T&C apply)
• Get 5X Reward Points on Fuel (Maximum 1000 points in a month) in the first year (Refer T&C)
• (Effective 1st October 2023, 5X RP on fuel transaction have been discontinued)

Card Activation Benefit

Get a Gift voucher worth Rs.1500/- on making one transaction on your HDFC Business MoneyBack Credit card within the first 30 days of card issuance. Voucher is redeemable on top brands like Amazon, Swiggy & more.

Gift voucher is only given to the customers who applied directly on HDFC Bank’s website without taking any help from a Bank representative.

Eligibility:

HDFC Bank Biz Grow Credit Card Eligibility :

A Self Employed Indian Citizen aged between 21 yrs. to 65 Yrs.

Annual ITR above Rs 6 Lakhs

(Customers can apply credit card using ITR, GST returns, Bank Statements and Merchant payment report)

Fees & Charges:

1. Joining/Renewal Membership Fee – Rs. 500/- plus 18% GST
2. Spend Rs. 50000 in an anniversary year (12 billing cycles) and get Renewal Fee waived for the next renewal year.

HDFC Bizgrow Vs Business Moneyback Credit Card

Features	HDFC Bizgrow Credit Card	HDFC Business Moneyback Credit Card
Best Suited for	Large Spends	Reward Point + CashBack
Joining & Annual Fee	Rs. 500 +18%GST	Rs. 500 +18%GST
Rewards Points Rate	10X Cashpoints on Business spending online	2X Reward Points on every Rs. 150 spent online
Eligibility	Self Employed Indian Citizen aged between 21 yrs. to 65 Yrs. Annual ITR above Rs 6 Lakhs	Self Employed Indian Citizen aged between 21 yrs. to 65 Yrs. Annual ITR above Rs 6 Lakhs
CardForum.in’s Rating	★★★★(4/5)	★★★(3/5)

Should you upgrade to HDFC Bizgrow Credit Card?

In simple words, Yes.

See, the benefits of the both the card is more or less the same. So, why do you keep a lower rewards card when Bank is offering you a slightly better version of your existing card?

Charges & LTF Queries

Now you guys are worried about charges.

As of Now, HDFC Bank is offering first year free upgrade to HDFC Bizgrow Credit Card to existing card holders. That means joining fees will not be charged for first year only.

Now comes the Lifetime free part. If you already own Business MoneyBack card as LTF, chances are high that you got an email which says “Get your Upgraded LIFETIME FREE Credit Card“.

Just keep the mail, and show it 1 year later to the bank if you are charged with an annual fee.

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