HDFC Bank BizGrow Business Credit Card

HDFC Bank · Open to apply

HDFC's small-business rewards card. It pays 2 CashPoints per ₹200, 10X on bill payments, tax, GST, DMart, ClearTax and business software (up to 1,500 CashPoints a statement cycle) and 2,000 CashPoints on ₹1 lakh a quarter; a CashPoint is worth ₹0.20. The ₹500 fee is waived at ₹1 lakh a year.

Annual fee
₹500 + GST a year
Joining fee
₹500 + GST
Fee waiver
Annual fee waived on ₹1,00,000 spend per card year
Base rate
CashPoints on retail spends (from 15 May 2026): 2 CashPoints per ₹200 (about 0.2% at cash value)
Lounges
None on record
Forex markup
3.5%
Data
From bank documents, checked 6 Nov 2026

Main earn rates

  • SmartBuy at IGP, Jockey and PharmEasy, 10% cashback: 10% in SmartBuy cashback on top of the base rate (about 10% at cash value)
  • SmartBuy flights and hotels, 5% cashback: 5% in SmartBuy cashback on top of the base rate (about 5% at cash value)
  • SmartBuy at Myntra, Nykaa, redBus, Zoomcar, Apple (Imagine Tresor) and MakeMyTrip holiday packages, 5% cashback: 5% in SmartBuy cashback on top of the base rate (about 5% at cash value)
  • SmartBuy instant brand vouchers, 5% cashback: 5% in SmartBuy cashback on top of the base rate (about 5% at cash value)
  • 10X on telecom and utility bills paid through SmartPay or PayZapp (20 CashPoints per ₹150): 20 CashPoints per ₹150 (about 2.67% at cash value)

Earns nothing on

  • No CashPoints on fuel
  • No CashPoints on rent and property management
  • No CashPoints on wallet loads
  • No CashPoints on EMI; CashPoints are reversed if a purchase is converted to SmartEMI
  • No CashPoints on education, including fees paid through third-party apps
  • No CashPoints on online skill-based gaming (from 1 July 2025)

Where the sources disagree

  • interest rate: The 2024 FAQ says revolving credit costs 3.60% a month; the MITC v4.15 gives 3.75% for all variants not named. The MITC is used.
  • value of a CashPoint against the statement: The product page's feature line says "1 CashPoint = up to ₹0.25" and the 2024 FAQ says 100 CashPoints = up to ₹25; its redemption table and MITC clause x (from 1 November 2025) say 20 paise. The MITC is used.
  • share of a flight or hotel booking payable in points: The product page says up to 50% of the booking value can be paid in points; MITC clause s, which names BizGrow, says up to 70%. The MITC is used.
  • grocery CashPoint cap: The 2024 T&C says grocery CashPoints are capped at 2,000 a month; MITC v4.15 clause m caps them at 1,000 for every card it does not name (BizGrow is not named). The MITC is used.
  • 10X rate after 15 May 2026: HDFC's 15 May 2026 letter moves BizGrow's base to 2 CashPoints per ₹200 and the product page now says so, but neither says whether the 10X (20 CashPoints per ₹150 in the 2024 T&C) moved to ₹200 as well; the page gives no per-rupee figure for the 10X. The stated 20 per ₹150 is used until HDFC publishes updated terms.
  • whether the 1,500 cap counts the base CashPoints: The T&C's worked example calls the whole 20 CashPoints per ₹150 the "accelerated 10X Cash Points", the quantity the cap names, so the cap is applied to the whole 10X earn. HDFC's 2024 savings chart sizes 10X spend at ₹12,500 a month, which reaches 1,500 only on the extra 18 CashPoints per ₹150 (an extra-points reading). The T&C is used.
  • minimum for redemption against the statement: The product page asks for at least 2,500 CashPoints (₹500 at 20 paise); the MITC's table gives a ₹250 minimum cashback redemption for Biz Grow. The product page figure is entered.
  • fee for redeeming CashPoints against the statement: The 2024 T&C says there is no handling charge for cashback redemption; MITC v4.15 charges ₹50 + GST for each cashback redemption request (from 1 August 2024) on every card except those it names. The MITC is used.

Terms the calculator does not value

  • The 10X needs more than ₹10,000 of eligible spend in the statement cycle (the 2024 FAQ said a month). The calculator assumes the minimum is met.
  • HDFC counts the 10X only for bills paid through SmartPay or PayZapp (PayZapp excludes clubs, housing, rent, hospital, education, donation, mutual funds, loans, card payments and wallet loads), tax paid on the government portals, DMart and ClearTax spends, and software bought through SmartBuy BizDeals. Bills are the SmartPay and PayZapp payment routes (VIV-149): the calculator gives telecom and utility bills the 10X only when one of those routes is switched on, and tax on the government category as an assumed condition; other SmartPay and PayZapp payments are not matched.
  • HDFC has not stated the 10X rate after the base moved to ₹200 on 15 May 2026; the stated 20 CashPoints per ₹150 (2024 T&C) is used. If the 10X moved to 20 per ₹200, 10X spend earns a quarter less below the cap. Hotel and flight bookings through MMT MyBiz on SmartBuy BizDeals also earn the 10X but are not entered, because the calculator's SmartBuy flights and hotels are the regular SmartBuy portal.
  • SmartBuy cashback applies only to purchases through the SmartBuy portal and only if the calculator's portal option is on. The product page names only Myntra, MakeMyTrip and Apple Imagine Tresor; the full list is from the SmartBuy table's "Other credit card" column, which is assumed for BizGrow. How HDFC posts it to this card is not stated.
  • The product page's footnote caps UPI reward points on a RuPay card at 500 a month; no RuPay variant of BizGrow is named, so it is not entered.

Sources

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