HDFC Corporate Premium Credit Card Review

The HDFC Corporate Premium Credit Card is one of the most premium business credit cards offered by HDFC bank, focusing on the regular needs of the corporate world. It packs some exclusive privileges and benefits like free domestic and international lounge access, reward points on every purchase, insurance coverage, fuel surcharge waiver, and a number of other useful features and benefits that will surely save you a lot of time and effort, more details of the card are given below. 

Eligibility Criteria:

This card is meant for corporate usage only, and you can apply for this card on behalf of your company. 

  • Resident Type: Indian.
  • The annual turnover of the company should be greater than Rs. 10 crores. 
  • The company must be trading for at least 2 years. 
  • A long relationship with the bank will help you to get this corporate credit card
  • An excellent credit score (above 780) is needed to apply for this hdfc corporate credit card

Required Documents:

  • 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:
    • Income tax return of the last year
    • Proof of business

Fee:

  • Joining Fee: Rs. 999 + GST (May vary depending on the applicant’s credibility)
  • Annual Fee: Rs. 999 + GST (May vary depending on the applicant’s credibility)

You can make hdfc credit card online bill payment through net banking account, PayZap, or by using any credit card payment app. But if you don’t like to make your hdfc bank credit card payment online , then you can pay your bill offline via NEFT, hdfc bank credit card payment cheque, ATM, or from your nearby HDFC branch. If you need the hdfc credit card neft payment details then you can find it here

Benefits Of HDFC Credit Card:

  • Accelerated rewards:

For each Rs. 150 transaction, you will get 5 reward points; you can earn a maximum of 10,000 points in a credit cycle. 

The hdfc bank credit card redemption process is very simple, you can redeem those points into air miles for all the leading domestic and international airlines, you can also use them for hotel booking or to get a product from the hdfc credit card reward catalog

You can check the online status of hdfc credit card reward points from your net banking account, to redeem your rewards just fill up the hdfc bank credit card point redemption form and send it to the hdfc credit card settlement email id

  • Free domestic and international lounge access:

To make your business trips much more luxurious, HDFC bank offers free domestic and International lounge access on this card. You will get up to 20 free accesses to domestic and 6 free accesses to international lounges through the hdfc credit card priority pass program. 

If you are a visa card user then you can find the list of participating lounges here. You can also click here to get the list of MasterCard lounges. 

  • HDFC Credit Card Fuel Surcharge Waiver:

If you use this card for fuel purchase you will get a 1% waiver on fuel surcharges. This offer is applicable at almost all fuel stations in India, the transaction amount should be between Rs. 400 to Rs. 10,000 and you can earn a maximum of Rs. 1000 waiver in a hdfc bank credit card statement cycle. 

  • Insurance and liability coverage protection:

On this corporate credit card, hdfc bank offers a complimentary Insurance and liability coverage scheme. The details of the insurance coverage policy are illustrated in the table below. 

Particulars Total coverage amount
Air accidental deaths Rs. 1 Crore. 
Emergency hospitalization (Applicable when you are traveling outside India) Rs. 1 lakh. 
Flight delay Rs. 15,000
Loss of baggage Rs. 15,000
International flight missing Rs. 15,000
Corporate liability coverage Rs. 2,00,000 against employee level frauds. 

Rs. 25,00,000 against corporate level frauds. 

You can find more details about the Insurance coverage scheme from the hdfc credit card settlement terms and conditions page

  • Lifetime free add-on cards:

You issue supplementary cards for your employees so that they can make the office-related expenses by themselves. You can also keep track of all your add-on credit card usage

To apply for an add-on card just fill up the hdfc bank add on credit card application form and submit it to your nearby branch. If you want to know the hdfc credit card procedure for add-on card application, then feel free to take a look at our FAQ page

  • Helpful hdfc credit card services that will make your life much easier:

This card comes with a ton of useful tools that will help you to manage your business more efficiently. All the individual hdfc credit card services and their benefits are discussed below. 

Individual tools Uses
Advanced reporting tools
  • Detailed reports on spend categories, expenses anytime you want. 
  • Detailed transaction history of each of your add-on members. 
Convenient resolution process
  • Easy access to domestic and international transaction reports.
  • Easy and convenient claiming process.
  • Minimal processing time. 
Extra savings
  • Up to 50 days of the interest-free period. 
  • Extra savings on flights and hotel bookings. 
  • A desiccated portal for all your needs:

The HDFC SmartBuy portal is dedicated to all your business-related needs. You can use this portal to book flight tickets, hotels, you can also redeem hdfc credit card points through the portal. One hdfc credit card reward point value on SmartBuy is Rs. 0.30. 

  • Easy application process:

HDFC Bank offers a seamless application process for its customers. You can apply for your desired HDFC card online  through the HDFC online application portal, or just by visiting your nearby HDFC branch. The hdfc credit card application process is discussed on our FAQ page. 

Every new credit card needs to be activated manually by generating a credit card PIN. You can generate hdfc credit card pin online from your net banking account, or offline by visiting your nearby HDFC bank ATM.

  • Contactless payment option:

This HDFC credit card is equipped with an advanced contactless payment facility; this feature allows you to make payment with just a wave at any secure reader machine. This payment method is fast, convenient, and saves a lot of your precious time. 

For security reasons, the contactless credit card payment is limited to Rs. 5000 per transaction. You can also control the contactless payment option from the android app for hdfc credit card

Charges:

Particulars Payable amount
Cash Withdrawal Charge 2.5% against the withdrawn amount (min Rs. 500).
Finance Charges 3.5% monthly or 42% annually (applicable even if the hdfc credit card minimum payment is made on time)
Foreign currency conversion charge 2.5% against the transaction amount.
Add-on card fee Free for a lifetime.

HDFC Credit Card Settlement Department Contact Details:

  • Call the hdfc credit card toll free number: 1800-266-4332 (Toll Free) or 022-616-6161
  • Write to the hdfc bank credit card complaints email address : [email protected] 
  • You can also discuss your problem with the hdfc credit card chat support EVA.

You can cancel your old credit card account if you don’t want to use it anymore. The hdfc credit card closure procedure is discussed on our FAQ page

100xGain Ratings: 

7.5/10

Final Opinion:

If you are looking for a business credit card at an affordable rate, then this HDFC Corporate premium credit card will be a very good option for you. It offers several features like lounge access, reward points, insurance coverage, lifetime free add-on cards, etc. which makes it an extremely useful credit card for business-related uses. 

But this card does not offer anything on dining and flight booking, which is not a deal-breaker though, and if you are looking for a premium business credit card, then it will be a solid choice for you.

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