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HDFC Bank Purchase Premium Credit Card
Visa
HDFC Bank Purchase Premium Credit Card
HDFC Purchase Premium is the step-up version of HDFC's commercial purchase card, aimed at larger businesses that need richer MIS reporting on vendor payments. Like its base sibling, it's built for payment control and tracking rather than rewards — the dedicated management information system is the actual selling point, not the 0.5% cashback.
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
- ⛽ Fuel
1% fuel surcharge waiver on fuel purchases, capped at ₹500 of waiver value per billing cycle
- 🌍 Forex / international spend
2.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹1,00,000
- 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: 23.88% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waived on fuel purchases, capped at ₹500 per billing 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- Cash advance charges: 2.5% of the withdrawn amount or ₹500, whichever is higher; interest accrues from the date of withdrawal with no interest-free period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 on fuel purchases, capped at ₹500 of waiver value per billing cycle
- A closed-loop vendor payment system paired with a dedicated Management Information System (MIS) that gives finance teams detailed, exportable reporting on every business purchase
- 4 Reward Points per ₹150 spent, plus 5% cashback on essential business spending (up to ₹1,500 per statement cycle on ₹1,00,000 minimum monthly spend)
Pros
- + No joining or annual fee despite the higher income eligibility bar
- + Dedicated MIS reporting gives finance teams detailed visibility into vendor payment patterns
- + 1% fuel surcharge waiver, capped higher (₹500) than the base Purchase card
- + Lower 1.99% APR than the base Purchase card if a balance is occasionally carried
- + Closed-loop structure keeps large-business procurement spend cleanly separated from other cards
Cons
- − Very low 0.5% reward rate, in line with its positioning as a control tool rather than a rewards card
- − 2.5% cross-currency markup is on the higher side for a card aimed at larger, potentially import-heavy businesses
- − ₹1,00,000/month income requirement puts it well beyond small business applicants