HDFC Biz Grow Credit Card Review – The Ultimate Growth Partner For Your Business 2026

The HDFC Biz Grow Credit Card is a specialized entry-level business credit card designed for self-employed individuals and small business owners. With a modest annual fee of ₹500, it offers a solid reward structure featuring 10x Cash Points on essential business spends like GST, Income Tax, and productivity tools (AWS, Google, Tally). It also includes a 55-day interest-free period and unique business insurance coverage, making it a functional tool for managing cash flow and professional expenses.

Disclaimer: This review is for informational purposes only. Credit card terms, fees, and reward structures are subject to change by the issuing bank (HDFC Bank). Always read the Most Important Terms and Conditions (MITC) before applying.

HDFC Biz Grow Credit Card

Are you tired of mixing your personal grocery bills with your business software subscriptions? Or maybe you’re a freelancer looking for a way to make those hefty GST payments actually work for you instead of just draining your bank account?

Enter the HDFC Biz Grow Credit Card. Launched as part of HDFC’s refreshed “Biz” lineup, this card is specifically crafted for the hustlers—the self-employed professionals, the small-scale entrepreneurs, and the one-person armies. It’s not just a piece of plastic; it’s a financial tool designed to streamline your business expenses while rewarding you for every rupee spent on growth.

But does it truly live up to the name “Biz Grow”? Let’s dive deep into the nuts and bolts of this card to see if it deserves a spot in your wallet.

The First Impression: Joining And Renewal Fees

Let’s talk money first. The HDFC Biz Grow Credit Card comes with a very pocket-friendly joining fee of ₹500 plus taxes. In the world of business cards that often charge thousands, this is a breath of fresh air.

Even better? HDFC gives you a Welcome Voucher worth ₹250 if you make just one transaction within the first 37 days of getting the card. It’s like the bank is saying, “Thanks for joining the club, here’s half your fee back!”

As for the renewal fee, it’s also ₹500. However, if you spend ₹1 Lakh in a year, that fee is completely waived. For any active business owner, spending ₹1 Lakh over 12 months is usually a walk in the park.

The Reward Engine: Earning Cash Points

The heartbeat of any credit card is its reward system. The Biz Grow uses a “Cash Points” system, and the math is pretty straightforward:

• Base Rewards: You earn 2 Cash Points for every ₹150 spent on most categories.
• The “Turbo” Boost (10x Rewards): This is where the card shines. You get 10x Cash Points on select business-essential categories.

Where Can You Get 10x Points?

Imagine getting massive rewards for things you have to pay for anyway. The 10x rewards apply to:

• Tax Payments: GST and Income Tax payments made through the official government portals.
• Productivity Tools: Subscriptions like Google Workspace, Microsoft Office 365, Tally, AWS, and Azure via SmartBuy BizDeals.
• Business Travel: Flights and hotels booked through MMT MyBiz.
• Utilities and Bill Pay: Using the PayZapp or SmartPay platforms.
• Daily Essentials: Even your runs to Dmart for office supplies count!

Note on Capping: There is a catch! The 10x rewards are capped at 1,500 Cash Points per statement cycle, and you need to spend at least ₹10,000 in a month to trigger the accelerated rate. Think of it like a fuel tank; it’s great for a steady commute, but don’t expect it to power a rocket ship.

The Perks Of Being Professional: Key Features

1. The 55-Day Grace Period

In business, cash flow is king. Most personal cards give you 45 to 50 days of interest-free credit. The Biz Grow extends this to 55 days. Those extra five days might seem small, but when you’re waiting for a client to clear an invoice, that extra breathing room can be a lifesaver.

2. Milestone Bonuses

If you hit a spending target of ₹1 Lakh in a calendar quarter, HDFC rewards you with 2,000 Bonus Cash Points. If you hit this every quarter, that’s 8,000 extra points a year just for doing business as usual.

3. Business Insurance Package

This is a rare feature for an entry-level card. For a small annual premium, you can opt for a business insurance package that covers:

• Fire & Burglary: Up to ₹5 Lakh for your shop or office.
• Electronic Equipment: Up to ₹50,000 (perfect for that laptop you carry everywhere).
• Cash in Transit/Safe: Up to ₹25,000.
• Hospital Cash: ₹1,000 per day in case of accidents or illness.

It’s like having a mini-safety net for your workspace.

Redeeming Your Hard-Earned Points

Earning points is fun, but spending them is better. Here is how the value of your Cash Points (CP) breaks down:

The Strategy: To get the best bang for your buck, use your points for the Business Catalogue. If you just want to reduce your bill, 1,000 points will knock ₹250 off your statement.

The “Fine Print”: What’s Missing?

No card is perfect, and the Biz Grow has its limitations:

• No Lounge Access: Unlike higher-tier versions like the Biz Black, the Biz Grow does not offer complimentary airport lounge access. If you travel once a month and value that free coffee and sofa, this might be a dealbreaker.
• Exclusions: You won’t earn points on rent payments, fuel (though you get a 1% surcharge waiver), or wallet loads.
• Low Point Value: A value of ₹0.25 per point is standard for entry-level cards, but isn’t exactly “premium.”

Is This Card Right For You?

Think of the HDFC Biz Grow as a sturdy, reliable pickup truck. It’s built for work.

• Apply if: You are a small business owner or freelancer who spends around ₹20,000–₹50,000 monthly, specifically on taxes, software, and utilities. The 10x rewards on GST and Income Tax are the star of the show here.
• Skip if: You are a very high spender or a frequent flyer. In that case, the Biz Black would offer much better rewards and luxury perks like lounge access.

FAQ

1. Who is eligible for the HDFC Biz Grow Credit Card?

The card is designed for self-employed Indian citizens (Sole Proprietors, Partners, or Directors) aged between 21 and 65 years. Usually, an annual ITR of ₹6 Lakhs or above is required.

2. Can I use this card for personal expenses?

Yes, you can, but the rewards are structured to benefit business spending. Using it for personal things like dining and shopping will only earn you the base rate of 2 points per ₹150.

3. How do I redeem my Cash Points?

You can redeem them via HDFC NetBanking. Go to the ‘Cards’ section, select ‘Enquire’, and then ‘Redeem Cashpoints’. You need a minimum of 2,500 points to redeem against your statement balance.

4. What is the interest rate if I don’t pay the full balance?

The revolving credit interest rate is approximately 3.6% per month. It is always highly recommended to pay the total amount due to avoid these steep charges.

5. Does it offer any dining benefits?

Yes! You get up to 20% savings on restaurant bills when you pay through Swiggy Dineout using the card.

Conclusion

The HDFC Biz Grow Credit Card is a focused, “no-nonsense” tool for the modern Indian entrepreneur. It doesn’t distract you with flashy golf games or movie tickets; instead, it rewards the “boring” but essential parts of running a business—taxes, software, and utility bills.

While the lack of lounge access is a bummer, the low annual fee and the 55-day credit period make it an excellent “starter” business card. If you’re looking to professionalize your finances and get a little bit back from the taxman, the Biz Grow is a very solid choice. It’s about working smarter, not harder—and this card definitely helps you do that.