Biz Grow Credit Card – Features, Benefits & Rewards

Key Highlights 
 

1. The Biz Grow Credit card charges a modest joining and renewal fee of ₹500 + GST.
    
2. You can earn cashpoints on spending. Each cashpoint will give you ₹0.25.
    
3. You get a ₹250 welcome gift voucher. You can use it for business-related expenses like travel, work, and meals.
    

The Biz Grow credit card helps you track business expenditures. This increases the cash flow through GST/tax, travel, software, etc. You get cashpoints, which can be redeemed within 2 years of earning.

For example, Rohit spends around ₹30,000 each month. By using the Biz Grow Credit Card, he earns CashPoints (CP) that reduce his overall costs.

The table below gives a brief of his expenses: 
 

The card turns regular business expenses into CashPoints. Over time, these rewards offset fees and add extra value for entrepreneurs. Let’s know more about the Biz Grow Credit Card in this blog.

Biz Grow Credit Card Overview 

This card charges a modest joining/renewal fee of ₹500 + GST and returns rewards as CashPoints (1 CP = ₹0.25), with accelerated 10X offers and quarterly milestone bonuses for higher spends. 

Reward redemption has minimums and caps (e.g., 2,500 CP minimum for statement cashback, 15,000 CP cycle cap), so it suits businesses with regular, sizeable card spends.

Benefits of HDFC Biz Grow Credit Card

HDFC Biz Grow Credit card is built for small businesses. It covers business-related savings like travel, software, GST/Tax payments, etc. Let’s discuss more of its benefits in this section.
 

1. Pay GST (payment.gst) and Income Tax (eportal.incometax) using the card.
    
2. Savings on Travel and Software:
    
   1. Up to 40% savings via SmartBuy BizDeals
       
   2. Makemytrip MyBiz gives 4% off on flights & hotels and other travel benefits.
       
   3. Get instant discounts + GST invoices for ITC via Nuclei (Google Workspace, Tally, AWS, Azure, Office 365).
       
3. Use Smart EMI / Easy EMI to convert large purchases into EMIs.
    
4. Get 1% fuel surcharge waiver. Minimum and maximum transactions should be ₹400 and ₹5,000, respectively. You will get a maximum of ₹250 cashback per statement. Also, get a flat 10% extra off at more than 35,000 restaurants.
    
5. Enjoy Contactless payments. Tap limit is ₹5,000; if the bill is more than ₹5,000, PIN is required. In case of card loss, report immediately to get zero lost card liability. Credit liability covers ₹3,00,000.
    
6. Use MyCards to control the credit card. You can also set limits.
    
   1. Enable online & contactless usage
       
   2. View - Transaction, Cash Points, Statements & more.
       
   3. Manage - online usage, contactless usage, set limits, enable & disable
       
   4. Check - Credit card outstanding, due date and more.
       
7. You can also go for annual plans (optional) that include fire & burglary, cash in safe/transit, electronic equipment cover and hospital cash. For further details, see the table given below:
    

For choosing a plan, assess the value of your shop assets and equipment. Higher plans give higher coverage and premiums.

Biz Grow Credit Card Cashback & Rewards

Rewards are issued as CashPoints (CP). With the HDFC Biz Grow Credit Card, you get accelerated offers like 10X, milestone cashpoints, and redemption under standard rules. In this section, we will go through the cashbacks and rewards with this credit card:
 

1. In the table given below, we have summarised the accelerated CashPoints earned on qualifying spends and milestone bonuses. You can also see the value of each cashpoint in INR and the last date for redemption. 
    

You should track your statement to see which reward (10X, milestone, others) your CP came from and how you can redeem.

2. In the table below, go through the redemption rates and rules:
    

If you plan to redeem for statement credit, hold at least 2,500 CP (the minimum) or accumulate more for larger payments.
 

3. Auto-pay utility bills via card. In the first year, get assured cashback up to ₹1,800 + e-vouchers up to ₹800 for adding more than 2 bills.
    
4. Get a ₹250 voucher if you transact within the first 37 days. Also, get assured 2,000 CashPoints every quarter on quarterly spends of ₹1,00,000 (excluding rent & petrol).
    

If you have a never-ending stream of business expenses, the HDFC Biz Grow Credit Card will work wonders for you. You get benefits on GST/Tax payments, software subscriptions and travel. You also get SmartPay to receive the first-year SmartPay cashback. 

Biz Grow Credit Card Fees & Other Charges

A quick, clean view of the charges you must watch. Below are the fees and charge points explicitly called out in the material you shared:
 

Let’s understand it better with an example given below:

Example: Suresh uses the Biz Grow Credit Card actively. He pays his renewal fee, makes a few fuel purchases, and once forgets to clear his dues fully. Here’s how his charges add up.
 

He paid ₹1,180 in joining/renewal fees, but saved ₹420 in fuel waiver and dining. Missing a payment added another ₹500+ late fee, reducing his overall benefit.

Biz Grow Credit Card Pros & Cons

This card is made for self-employed business users. In this section, we will go through the pros and cons of using the Biz Grow credit card:

The pros are:
 

• Pay GST and Income Tax using the card (convenience and cashflow flexibility).
   
• Strong business partner discounts: SmartBuy BizDeals, MMT MyBiz, Nuclei (software subscriptions).
   
• Accelerated rewards: 10X CashPoints on qualifying spends; quarterly 2,000 CP milestone on ₹1,00,000 quarterly spends.
   
• SmartPay auto-bill facility with first-year assured cashback (up to ₹1,800) and e-vouchers (up to ₹800).
   
• Fuel surcharge waiver and dining discounts (flat 10% extra off at 35K+ restaurants).
   
• Safety & control: contactless payments, zero lost card liability on immediate reporting, MyCards controls.
   
• Business insurance bundles available (four tiers) to protect shop assets and equipment.

Overall, the Biz Grow Credit Card offers good value through savings, rewards, and business-friendly benefits. This increases cash flow and convenience.

The  cons are:
 

• Joining/renewal fee (₹500 + taxes) unless waiver conditions are met.
   
• Some reward rules have caps and minimums (e.g., 10X offer capped at 1,500 CP per statement cycle; minimum ₹10,000 spend to qualify).
   
• Minimum redemption thresholds (e.g., 2,500 CP needed to redeem as statement cashback) may delay usable cashback for small businesses with low monthly spend.
   
• Certain benefits (SmartPay cashback, activation voucher) are time- or action-bound (first year or first 37 days).
   

While rewarding, the card’s fees, caps, and redemption conditions may limit flexibility for smaller businesses or low spenders.

Eligibility Criteria for Biz Grow Credit Card

As we have mentioned earlier, the Biz Grow credit card is made for self-employed business owners. However, there are further criteria that you should meet to avail the Biz Grow credit card:
 

• Must be a Self-Employed Indian citizen.
   
• Age between 21 to 65 years.
   
• Annual ITR above ₹6,00,000.
   
• Applications can be supported using documents such as ITR, GST returns, bank statements, or merchant payment reports.
   

If you meet these, you can apply. However, the final approval is in the hands of the bank's underwriting and verification.

Tip: For any kind of guidance, you can contact the HDFC Bank either by calling toll-free number: 1800 202 6161\1860 267 6161 or by writing an email to customerservices.cards@hdfcbank.com.

Required Documents to Apply for Biz Grow Credit Card

Here is the list of the documents that you will need at the time of application.
 

Apart from these documents, the bank will also require standard KYC and identity verification at application and underwriting. Keep these documents prepared and do not wait for the last moment. 

How to Apply for Biz Grow Credit Card

 To apply for the Biz Grow Credit Card, follow these steps:
 

1. Go to the official HDFC site, where it has outlined all its business credit cards. You can simply click on the hyperlink too.
    
2. Scroll down, the third card is Biz Grow Credit Card. Click on the Apply Now option.
    
3. Now, in the series of procedures, you have to identify yourself by filling out the mobile number, date of birth, Aadhar card, etc. Keep your mobile near you for easy access to OTPs.
    
4. Upload or submit all required documents such as business registration papers, GST/income tax returns, bank statements, identity proof, address proof, and financial statements.
    
5. The bank will perform KYC verification, check the credit history of your business and personal credentials, and may contact you for clarification.
    
6. If your application is approved, the card will be issued and dispatched to your business address.
    
7. When you receive the card, activate it via net banking, phone banking, or SMS according to HDFC’s activation process.
    
8. Begin using the card for your eligible business expenses, and make sure you pay your dues on time.
    

Following these steps, you will get a great credit card, but it is your responsibility to use it judiciously. Maintain a good credit record and make future upgrades easier.

Conclusion
 

The Biz Grow card is ideal for self-employed businesses with regular, sizeable expenses. You get discounts and CashPoints on various spends that help in offsetting the ₹500 annual fee. However, reward caps can limit accelerated earnings for many users. Minimum redemption thresholds may delay cashback for smaller or irregular spenders. So, be strategic in using the Biz Grow Credit Card.

Biz Grow Credit Card FAQs

 What is the interest rate on unpaid balances and cash advances?
Outstanding balances typically attract about 3.75% monthly (45% p.a.), and cash advances incur additional fees.

 How is my initial credit limit decided, and can I request a limit increase?
The bank sets initial limits based on ITR, turnover, bank statements and credit score. You can request increases via NetBanking, MyCards, or customer service.

 Can I get supplementary (add-on) cards for employees, and how are their spending billed?
You can usually get add-on cards billed to the primary account. You just need to confirm availability, spend controls, and reporting with HDFC before issuing cards to employees.

 Are there foreign transaction / cross-border fees, and will the card work abroad?
The card is internationally accepted. Foreign transactions typically attract a forex markup (around 3.5%).

 What should I do if I spot fraud or want to dispute a transaction?
Immediately block the card and contact HDFC to lodge a dispute. Follow their chargeback process and submit transaction evidence as requested.
 

 Are there charges for converting purchases to EMI or for balance transfers?
SmartEMI and EasyEMI options exist. Conversion fees, processing charges, or interest may apply, so check EMI terms and Fees & Charges before converting. 

Can CashPoints be pooled, transferred to other cards/users, or extended beyond expiry?
CashPoints expire after two years and are generally non-transferable. Confirm with HDFC Rewards/SmartBuy whether pooling, transfers, or extensions are possible.

 

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‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.