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HDFC Bank BizGrow Credit Card
HDFC BizGrow is a mid-tier business card for small businesses moving past their first card — it keeps BizFirst's ₹500 fee but raises the waiver threshold to ₹1 lakh for a modestly higher 1.5% base reward rate and stronger 2% cashback on utility bills, while keeping the same 55-day interest-free window. It's positioned as a natural step-up once business spend outgrows what BizFirst comfortably rewards.
Annual fee
₹500
Joining fee
₹500
Reward type
cashback
Base reward rate
1.5%
Card network
Visa
Card tier
Entry
Who this card fits
Best suited to business owners managing company spend with a credit score of roughly 700+ whose spend is concentrated in utilities. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1.5% base rate
Benefits by category
- 🧾 Utilities
2% reward rate (capped ₹750/monthly)
- ⛽ Fuel
1% fuel surcharge waiver at all fuel stations across India, capped at ₹250 of waiver value per statement cycle
- 🌍 Forex / international spend
3% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹50,000
- Employment: self-employed
- Age: 21–65
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹1,00,000
- Rewards redemption fee: Cashback is auto-credited as statement credit at no charge
- Foreign currency markup: 3%
- Interest rate: 41.88% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waived at all fuel stations, capped at ₹250 per statement cycle
- Cash advance charges: 2.5% of the withdrawn amount or ₹500, whichever is higher; interest accrues from the date of withdrawal with no interest-free period
Benefits
- 1% fuel surcharge waiver at all fuel stations across India, capped at ₹250 of waiver value per statement cycle
- Up to 55 days of interest-free credit on all business expenses, provided the statement balance is cleared in full each cycle
Pros
- + 1.5% base cashback rate, a step up from BizFirst's 1%
- + 2% cashback on utility bill payments, a recurring cost for most small businesses
- + Long 55-day interest-free credit period aids short-term cash flow management
- + Fuel surcharge waiver adds incremental savings on fuel-heavy operations
- + Lower 3% forex markup than BizFirst, useful for businesses with occasional overseas spend
Cons
- − Still no lounge access or premium travel perks at this tier
- − Reward caps of ₹750/month on the bonus category limit value for larger, higher-spend businesses
- − Same ₹500 fee as BizFirst, but the waiver needs ₹1 lakh of annual spend versus ₹50,000