CSC HDFC Bank Small Business Moneyback Credit Card Review

The HDFC Bank CSC Small Business MoneyBack Credit Card is one of the co-branded business credit cards offered by HDFC Bank. This card is a result of the joint collaboration of the Indian private sector bank HDFC and the CSC’s (a government initiative to cater utility services to remotest areas of India). Lack of funding is the major obstacle that small business owners often face, and this card is dedicated to solving that problem by offering easy access to credit. 

The most attractive feature of the card is that it offers both cash-backs and reward points, you will also get some attractive deals on dining spends, lost card liability coverage, fuel surcharge waiver, no-cost EMI option, and lots of other hdfc bank moneyback credit card features

The hdfc bank small business moneyback credit card eligibility criteria:

*This card is only available for self-employed individuals only. 

  • Resident Type: Indian
  • For self-employed person:
  • Age: The age of the applicant should be between 21 to 65 years.
  • Income: The Annual Income Tax return should be greater than Rs. 6 lakh. 
  • A long relationship with the bank will help you to get this hdfc small business moneyback credit card
  • An excellent credit score (above 770) is mandatory to apply for this card. 

You can apply for an hdfc bank money back credit card online, but if you are confused with the application process, then feel free to visit our FAQ page to know the hdfc money back credit card apply online process. 

Required documents to apply for the hdfc bank small business moneyback credit card:

  • Photocopy of Address proof (any 1)
    • Last 6 months bank account Statement
    • Aadhar Card
    • Driving License
    • Passport
    • Utility bills
  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Two recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Salary Slip of last 3 months
      • ITR (Income Tax Return)
    • Self-employed person
      • Income tax return of the last year
      • Proof of business

Once your application is submitted successfully, you will get a hdfc credit card application no . you can track your credit card application status with it. you can also visit our FAQ page to know; how to track hdfc credit card status by application no .

Fee:

  • Hdfc money back credit card joining fee: Rs. 250 + GST
  • Hdfc money back credit card annual fee: Rs. 250 + GST

Benefits:

The CSC small business hdfc money back credit card benefits are given below. 

  • Exclusive cashback offer:

With this business money back credit card , you can earn cash backs from monthly bill payments. You will get a 5% cashback on utility, telecom bills, and tax payments. The minimum eligible monthly spend is Rs. 10,000 and you can earn a maximum of Rs. 250 cashback in a credit card billing cycle

  • Attractive reward scheme:

If you want to earn reward points, then this offer is just for you. You can get a clear idea about the hdfc bank credit card money back reward scheme from the table given below. 

Spend category Total benefits
For every Rs. 150 spend with this card. 4 hdfc credit card money back reward points.
For all other credit card transactions (Not applicable for fuel purchase and the minimum transaction amount is Rs. 150) 2 points.
Fuel purchase (Minimum transaction amount is Rs. 150) 5x rewards. Applicable for the first year only.

You can convert your earned hdfc moneyback credit card reward points into cash, a 100 hdfc credit card rewards points value is Rs. 20. The minimum redemption amount is Rs. 2500. You can also use your earned points to get a product from the hdfc money back credit card points redemption catalog. You will be charged Rs. 99 per redemption as hdfc money back credit card reward points redemption fee. 

  • Premium dining experience:

Using this moneyback credit card you can enjoy dining at most of the premium restaurants with up to 17.5% discount on your dining bill. This offer is applicable if the dining bill is paid using the Dineout pay app. Also if you link your Dineout pay app with the CSC hdfc bank small business moneyback credit card , you will get an additional 2.5% discount.

  • Extra benefits on milestone spend:

You can also earn some extra benefits from this HDFC bank csc credit card . The CSC Small Business MoneyBack card milestone benefit scheme is discussed in the table below. 

Total spend Benefit
If Rs. 90,000 spend within a year. 1000 bonus points.
If monthly credit card spends is Rs. 30,000 and the volume on your POS machine is Rs. 25,000. You will get a waiver on your POS machine rental fee.

Click here for the applicable hdfc credit card conditions

  • Opportunity to make your hdfc moneyback credit card lifetime free:

If you can spend just Rs, 25,000 with your card in a year, you will get a complete waiver on your next year’s annual fee, and you will be able to use your hdfc credit card for free for a year. 

If you can’t use your card for online transactions, that means online transactions are turned off on your card, in order to use it you have to turn it on manually. Visit our FAQ page for the hdfc credit card online usage activation process.   

  • Freedom from fuel surcharges:

If you purchase fuel using this card, you will get a 1% waiver on fuel surcharges. This feature is applicable at any fuel station in India. The Minimum eligible transaction amount is Rs. 400 and you will get a waiver of Rs. 250 in a credit cycle. 

  • Lost card liability coverage:

This money back hdfc credit card offers lost card liability coverage on this card, which means if your card ever gets stolen, you just have to report the loss by calling the hdfc credit card service number and you will not be liable for anything bad that may happen to your card. 

You can also temporarily block your hdfc credit card account from your online banking account. You can also visit our FAQ page to know the complete process. 

  • No-cost EMI option:

Now you can buy your business essentials in EMI without paying any extra hdfc credit card emi charges . This hdfc credit card feature is very helpful for small business owners. 

  • Auto bill payment facility:

HDFC bank has an auto bill payment system named SmatPay, if you register your hdfc business moneyback credit card with the SmartPay facility, all your monthly utility bills will be paid within their due dates. You can control the hdfc credit card service from the online banking account

  • Advanced contactless payment facility:

This card comes with the new and improved contactless payment facility, this hdfc money back credit card feature allows you to make payments with just a wave at any secure reader machine. This hdfc credit card payment option is very helpful in preventing card misplacements. 

For security reasons, the contactless payment amount is limited to Rs. 5000 per transaction. You can also set your own money back credit card hdfc limit from the hdfc credit card mobile app . 

Hdfc credit card maintenance charges:

  • Cash Withdrawal Charge: 2.5% against the transaction amount, minimum Rs. 500. Check the hdfc money back credit card cash limit before making a withdrawal. 
  • Finance Charges: 3.6% monthly or 43.2% annually. Applicable even if the minimum due in hdfc credit card bill is paid.
  • Foreign currency transaction charge: 3.5% against the transaction amount. 
  • Add-on card fee: Free for a lifetime. 

Hdfc bank credit card helpline contact details:

  • Call the hdfc credit card customer care toll free number: 1800-266-4332 (Toll Free) or 022-616-6161
  • Write to the hdfc bank credit card customer care mail id: [email protected] 

100xGain Ratings:

7/10

Final Opinion:

If you are a small business owner and if you want a credit card for your business-related expenses, then this card will be a good option for you. You will get both cashback and reward points, exclusive deals on dining, fuel surcharge waiver, lost card liability coverage, no-cost EMI option, etc. 

But this card does not offer any lounge access which is very useful for frequent travelers. But this card costs only Rs. 250 per year and there is nothing much to complain about it. So if you are looking for a low-cost business credit card then this card will be a good option for you. 

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