Update: This card has been Discontinued
The HDFC Business Platinum Credit Card is a solid option for beginners seeking a straightforward cashback card. As a self-employed professional, I was issued this card and later discovered it’s widely recommended because it offers 1% cashback on retail purchases when your billing cycle spend is Rs. 50,000 or more. It suited my needs well since I routinely put most of my business expenses on the card and regularly cross that threshold.
I was fortunate to receive the card before fully researching its benefits, and after six months of use I appreciate its simplicity and practicality. The card carries a very low joining fee, which is also waived if you meet the annual spending requirement of Rs. 30,000.
HDFC Business Platinum Credit Card Review by Siddharth
Cashback posts to your card account within 48 hours after bill generation. For example, a spend of Rs. 75,000 earns Rs. 750 as cashback, typically adjusted on the next statement. In my experience, occasional small discrepancies of Rs. 20–30 appeared in cashback credits; customer support could not clearly explain these differences, but they were minor enough that I did not pursue them aggressively.
Features of HDFC Business Platinum Credit Card:
- CardExpert Rating: 4/5
- Reward rate: 1% (direct cashback)
- Cashback conditions: Purchases below Rs. 50,000 in a billing cycle earn 0.5% cashback. For international spends, 1% cashback applies when international transactions total Rs. 10,000 or more in a billing month.
- Complementary airport lounge access: Up to 2 free visits per quarter.
- Fuel surcharge waiver: Up to Rs. 500 per billing cycle.
- Foreign exchange markup fee: 3.5% + applicable taxes.
- Joining & renewal fees: Rs. 299 – can be waived by meeting the spending threshold.
- Special features: As a business card, it can offer higher credit limits—up to Rs. 20 lakh—based on your business financials and IT returns.
Paying HDFC credit card bills is easy if you set up auto-debit from your savings account, which provides peace of mind. One area for improvement is statement posting speed: transactions on HDFC statements can take 2–3 days to appear, whereas some competitors update within a day. Overall, my experience with HDFC has been positive, though customer support responses can sometimes feel procedural.
My old HDFC Bank Business Platinum Visa Credit Card
For self-employed business owners, the HDFC Business Platinum Credit Card stands out for its straightforward cashback program and low joining fee. In a few months of regular use I earned over Rs. 5,000 in cashback. I hope this review is helpful for those starting out with credit cards and evaluating business-focused options.
Update: I’ve since switched to the HDFC Business Regalia credit card.
Do let me know your views through comments below 🙂