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HDFC Bank GIGA Business Credit Card
HDFC GIGA Business is the bank's most accessible business card — with no joining fee and a low, easily-waived annual fee, it specifically rewards digital business payments, GST and income-tax payments at 6 CashPoints per ₹200 (about 0.75%), making it a genuinely useful tool for small businesses formalizing their tax and utility payment habits. General, non-bonus business spend earns only the 0.25% base rate.
Annual fee
₹500
Joining fee
₹500
Reward type
cashback
Base reward rate
0.25%
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: 0.25% base rate
Benefits by category
- 🧾 Utilities
0.75% reward rate
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹33,333
- Employment: self-employed
- Age: 25–65
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹50,000
- Rewards redemption fee: Cashback is auto-credited as statement credit at no charge
- Foreign currency markup: 3.5%
- Interest rate: 45% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver at all fuel stations across India
- Cash advance charges: 2.5% of the withdrawn amount or ₹500, whichever is higher; interest accrues from the date of withdrawal with no interest-free period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
- ₹250 gift voucher on the first transaction within 37 days of card activation; bonus 800 CashPoints on ₹50,000 spend each month
- Monthly milestone rewards that scale with business spend on the card, on top of the regular category cashback
- Zero lost-card liability once the loss is reported, backed by credit liability cover of up to ₹3 lakh against fraudulent use
Pros
- + Zero joining fee, unusual for a business card with meaningful reward categories
- + 6 CashPoints per ₹200 (about 0.75%) on GST, income-tax, bill payments and business digital spends
- + ₹3 lakh lost-card liability cover adds fraud protection
- + Low ₹500 annual fee, easily waived on ₹50,000 of yearly spend
- + Accessible eligibility: self-employed with annual ITR above ₹4 lakh
Cons
- − Base reward rate on general spend is only about 0.25% (2 CashPoints per ₹200, worth up to ₹0.25 each)
- − Entry-level perks only — no lounge access or travel benefits
- − Reward value is modest overall; CashPoints redeem at up to ₹0.25 each