HDFC Bank Business Corporate MoneyBack Credit Card

At a Glance

• Joining Fee: Rs. 0
• Intro Benefits: Rs. 0
• Annual Fee: Rs. 0
• Earn 0.53% reward benefits against all of your spend related to business expenses.

Highlights

• 2X Reward Points on Business Related Expenses: On Business Corporate Moneyback card, you earn 4 reward points worth Rs. 0.80 on each Rs. 150 spent  against Air Travel, Travel, Hotel Bookings, Dining and Online purchases. The cardholder will be eligible for the incremental reward points if he/she spend it at the merchants registered into respective categories, Air, Travel, Hotel, Restaurant/Dining, and Online Merchant Category Code (MCC) as per VISA/ MasterCard guidelines.
• VISA/Mastercard Complementary Airport Lounge Access: The Business Corporate Moneyback Card offers you 8 complimentary access to domestic lounges. Domestic lounge access is offered by the card network VISA and Mastercard and it depends upon what card network you have chosen at the time of card application.
• Upto 15% Cashback on Dining: Whenever you swipe your card for transactions at partner 5 star hotels, you’ll receive discount on food bills as high as up to 15%.

Features

• Rewards Points Accrual: On your HDFC Business Corporate Moneyback Card, you earn 2 Reward Points worth Rs. 0.40 for every Rs. 150 spent on regular transactions. However, you do not earn any reward points on cash withdrawal, EasyEMI, e-wallet loading, and fuel transactions.
• Fuel Surcharge Waiver: Being a HDFC Business Corporate Moneyback card holder, you save 1% on fuel surcharge against fuel transaction between Rs. 400 to Rs. 10,000 at all Petrol Pumps. Fuel waiver is only be debited into your card account if you have swiped your card at HDFC Bank EDCs at the time of transaction.

• Lost Card Liability: The Business Corporate MoneyBack Card comes with zero lost card liability benefits. Hence, being a HDFC AllMiles card holder you are entitled to lost card liability cover post reporting the loss of the card. After reporting the loss of the card, HDFC will be taking care of any fraud or unauthorized transaction made on the card. Simply call HDFC Credit Card services at their toll-free number 1800-258-3838 from your registered mobile number and report the loss of the card.

Staff Review

• Reward Points: 2X Reward Points and Reward Points on Regular Transactions
• Intro Bonus: Joining Fee Waiver
• Annual Bonus: Annual Fee Waiver

Drawbacks

• No Welcome / Renewal Benefits – Although HDFC Business Corporate Moneyback is one of the exclusive credit card offered by HDFC Bank for their Corporate Customers, there are no welcome as well as renewal benefits available on the card
• Low Cash Withdrawal Limit – Being a corporate card, the cash withdrawal limit available on the card is Max 40% of credit limit under Corporate Liability. However, the maximum cash withdrawal limit is restricted to only 30% of credit limit under Individual Liability.
• High Amount for Railway Surcharge – Being a corporate card, this card have a downfall in term of surcharge applicable on Railway ticket bookings. Unlike regular HDFC Credit Cards, you pay a Rs. 30 in addition of railway surcharge of 1.8% to 2.5% of the transaction amount.

Eligibility Criteria

• Age of a applicant should be minimum 21 years to maximum 65 years.

Documentation

• Aadhar Number
• PAN Card
• KYC Details
• Business Existence Proof
• Latest Income Tax Returns

Fees & Penalties

FAQs

What are the eligible airport lounges for complimentary access?

VISA Airport Lounge List

Mastercard Airport Lounges