HDFC Bank Micro Enterprise Business Credit Card

HDFC Bank · Open to apply

HDFC's low-interest card for small and micro businesses (ITR above ₹6 lakh, Udyam registration accepted). It charges 1.5% a month instead of 3.75%, gives up to 55 days interest-free, pays 2 CashPoints per ₹200 worth ₹0.20 each and 2X on fuel and bill payments (₹10,000 a cycle to unlock, 500 CashPoints a cycle), and blocks hotels, jewellery, gaming, cash and wallet spends.

Annual fee
₹500 + GST a year
Joining fee
None
Fee waiver
Annual fee waived on ₹1,00,000 spend per card year
Base rate
CashPoints on retail spends: 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, 5% CashBack on top of the base: 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)
  • SmartBuy ConfirmTkt train tickets, 1% CashBack: 1% in SmartBuy CashBack on top of the base rate (about 1% at cash value)

Earns nothing on

  • No CashPoints on rent and property management
  • No CashPoints on EMI
  • No CashPoints on education, including fees paid through third-party apps
  • No CashPoints where the card declines the transaction (hotels, jewellery, gaming, cash and wallet loads)

Where the sources disagree

  • joining fee: The product page says "No Joining fee"; the MITC fee table shows a single "Joining / Annual membership fee" of ₹500 for a row that includes the Micro Enterprise card and a ₹1 lakh annual waiver. The ₹500 is entered as the annual fee with no joining fee, which fits both.

Terms the calculator does not value

  • The card declines transactions on hotel and resort MCCs 3501 to 3834 and on MCCs 5094 and 5944 (jewellery), 5723, 5816 (skill gaming), 5921 (liquor), 5947 (gifts), 5967 (direct marketing), 6051 and 6211 (quasi-cash and securities), 6540 (wallets), 7011 and 7012 (hotels and timeshares), 7273 (dating), 7800 and 7801 (gambling), 7996 (amusement parks), 8299, 8211 and 8220 (education), 8651 (political organisations) and 9223 (bail and bond). The calculator has no categories for 5723, 5921, 5947, 5967, 7012, 7273, 7996, 8651 or 9223, so those spends are valued at the base rate although they cannot be made.
  • The 2X needs ₹10,000 of spend in the billing cycle, which the calculator assumes is met; the bill types it covers are not listed by HDFC (utilities and telecom are assumed), and HDFC does not say in words whether the 500-CashPoint cap counts the core points (entered as counting them).
  • Cash withdrawal, over-limit credit and add-on cards are not available on this card (MITC clauses A and J); the issuer's cash advance and over-limit charges do not apply and are not removed from the charges list.
  • The page's Customer Value Proposition Chart and the business insurance cover (amounts and premium) are not documented in text and are not modelled; the page documents the card only in outline and HDFC publishes no reward T&C or FAQ for it.
  • SmartBuy hotel bookings (5% CashBack in the chart's "Other credit card (CashBack)" column) are not entered: the MITC says "Transactions will be declined for below MCC's transactions performed in Micro Enterprise card. MCC codes - 3501 to 3834 (Hotel/Resorts category)" and lists 7011 (snapshot 872, lines 1587-1602). Whether a SmartBuy hotel booking posts under a hotel code is not stated.

Sources

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