All cards / HDFC Bank
HDFC Bank Purchase Credit Card
HDFC Purchase Credit Card is the bank's base commercial procurement tool, built for controlling and tracking vendor and supplier payments rather than earning rewards — the closed-loop, pre-funded account structure and up to 45 days of interest-free credit are the real value here, not the negligible 0.5% cashback. It's aimed squarely at businesses that want a dedicated payment rail for procurement, separate from their everyday spending cards.
Annual fee
₹0
Joining fee
₹0
Reward type
cashback
Base reward rate
0.5%
Card network
Visa
Card tier
Mid
Who this card fits
Best suited to business owners managing company spend with a credit score of roughly 700+. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 0.5% base rate
Benefits by category
- 🌍 Forex / international spend
2.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹50,000
- Employment: self-employed
- Age: 21–65
Fees & charges
- Rewards redemption fee: Cashback is auto-credited as statement credit at no charge
- Foreign currency markup: 2.5%
- Interest rate: 30% p.a.
- Cash advance charges: 2.5% of the withdrawn amount or ₹500, whichever is higher; interest accrues from the date of withdrawal with no interest-free period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
- A pre-funded, closed-loop account structure that keeps vendor and supplier payments ring-fenced from other business spend, simplifying reconciliation
- Up to 45 days of interest-free credit on procurement spend, giving businesses breathing room between paying vendors and settling the card
Pros
- + No joining or annual fee, making it a low-cost addition to a business's payment infrastructure
- + Closed-loop, pre-funded account structure simplifies vendor payment tracking and reconciliation
- + Up to 45 days of interest-free credit eases short-term cash flow pressure on procurement spend
- + A comparatively low 2.5% APR versus typical revolving-credit cards, if a balance is carried
- + Purpose-built for procurement workflows, reducing the need to mix vendor payments with general spend
Cons
- − Reward rate of 0.5% is negligible — this is a payment-control tool, not a rewards card
- − Designed narrowly for procurement workflows rather than everyday business spend
- − ₹50,000/month income requirement and self-employed-only eligibility limit who can apply