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HDFC Bank Micro Enterprise Business Credit Card
HDFC Bank's entry-level business card for micro and small business owners with GST, Udyam or ITR records, especially those who sometimes carry a balance. Its main draw is a 1.5% monthly (18% a year) finance charge, well below the 3.75% on most HDFC cards, along with no joining fee and a ₹500 renewal fee that is waived on ₹1 lakh of annual spend. Rewards are thin, so treat it as a cheap working-capital line rather than a rewards card.
Annual fee
₹500
Joining fee
₹0
Reward type
points
Base reward rate
0.2%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to self-employed applicants who clear the standard eligibility bar whose spend is concentrated in fuel, utilities. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 0.2% base rate
- Reward redemption: CashPoints can be redeemed against the statement balance at ₹0.20 each (minimum ₹250 per cashback redemption). They can also go towards flights and hotels on SmartBuy, covering up to 70% of the booking value.
Benefits by category
- 🛡️ Insurance
Access to business insurance cover (HDFC does not publish the details)
- 🧾 Utilities
0.4% reward rate (capped ₹100/monthly)
- ⛽ Fuel
0.4% reward rate (capped ₹100/monthly) · 1% fuel surcharge waiver on ₹400–₹5,000 transactions, up to ₹250 per statement cycle
Eligibility
- 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: ₹50 + GST for each cashback (statement-credit) redemption request; ₹99 + GST for each catalogue redemption
- Interest rate: 1.5% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver on transactions of ₹400–₹5,000, up to ₹250 per statement cycle
- Cash advance charges: Cash withdrawal is not allowed on this card
Benefits
- ₹250 gift voucher on the first transaction made within 37 days of card issuance
- Finance charge of 1.5% a month (18% a year), against 3.75% a month on most HDFC Bank cards, plus up to 55 days of interest-free credit
- 2 CashPoints per ₹200 on regular spends (capped at 5,000 CashPoints per billing cycle). Fuel and bill payments earn 2X once you spend ₹10,000 in a cycle, capped at 500 CashPoints per cycle.
- 1% fuel surcharge waiver on ₹400–₹5,000 transactions, up to ₹250 per statement cycle
- Access to business insurance cover (HDFC does not publish the details)
Pros
- + Finance charge of 1.5% a month (18% APR), less than half the 3.75% on most HDFC cards
- + No joining fee, and the ₹500 renewal fee is waived on ₹1 lakh of annual spend
- + Government-related payments still earn CashPoints, which most HDFC consumer cards exclude
- + Up to 55 days of interest-free credit for small-business cash flow
Cons
- − Very low rewards: 2 CashPoints per ₹200 is only about 0.2% back at ₹0.20 per CashPoint
- − The fuel and bill-payment 2X needs ₹10,000 of spend in a cycle and is capped at 500 CashPoints (₹100)
- − No cash withdrawals, and HDFC does not publish the forex markup for this card