He HDFC The BizBlack Metal Edition credit card is a prestigious card that offers numerous benefits designed for business professionals and high net worth individuals. This credit card offers 5x rewards on tax payments, a first-of-its-kind benefit in the industry and a good start to the growth of business credit cards in India, a segment that has been underserved all these years. Here is a detailed review of the card:
Rates and charges
The registration fee is usually high. ₹10,000 + taxes and the annual renewal fee is similar to the registration fee, usually ₹10,000 + taxes. Registration fees can be waived with a spending of ₹7.5 lakhs in an anniversary year. Also, spend ₹1.5 lakhs within the first 90 days of card issue to get the first year registration fee waived.
Eligibility
Any self-employed Indian citizen between the age of 21 and 65 years and persons having an annual ITR of more than ₹21 lakhs and above can apply for this card.
Benefits
The membership card includes the exclusive annual membership of the Marriott Club and also a Taj Stay voucher worth ₹ 5000 in expenses ₹1.5 lakhs in the first 90 days. Also, get a SmartBuy Flight/Taj Stay voucher worth ₹5000 in each ₹5 lakhs spent. On all expenses except rent and petrol, get vouchers worth ₹ 20,000 in a calendar year for each ₹20 lakhs spent.
Rewards
This card is designed for business professionals and high net worth individuals, offering a combination of luxury and convenience. Cardholders earn 5x more reward points on spending over ₹50,000 per statement cycle, capped at 7,500 reward points (equivalent to ₹56,250 spent), which can be redeemed through HDFC online banking. Notably, the reward points include Amazon Pay vouchers at a rate of 1 reward point = ₹0.70, subject to change, with a validity period of 3 years.
In addition to its rewards program, the card offers premium benefits such as unlimited complimentary access to domestic and international airport lounges, complemented by priority passes. affiliation to access over 1,000 VIP lounges worldwide. Golf enthusiasts enjoy up to 6 complimentary rounds per quarter at prestigious courses around the world.
Redemption
This credit card Smartbuy has a flexible and rewarding redemption program. Cardholders can initiate redemptions with a minimum of 2,500 reward points, ensuring accessibility. When redeeming points for hotel and flight bookings through Smartbuy, up to 50% of the booking value can be covered with reward points, offering significant savings on travel expenses. There is a generous limit of 150,000 reward points per statement cycle, points remain valid for 3 years. The value of 1 reward point varies depending on the redemption options:
- Reimbursement against account statements values each reward point at ₹0.30, providing a simple expense offset option.
- Flight and hotel reservations through Smartbuy generate ₹1 per reward point, ideal for frequent travelers.
- Purchase of products through online banking and Smartbuy offer ₹0.5 per reward point, convenient to redeem points for various items.
- Air miles with Club Vistara and KrisFlyer are available at 1 air mile per reward point, catering to travel enthusiasts.
- Business-related services and products through online banking and Smartbuy, such as Cleartax and Microsoft Office, are worth ₹1 per reward point, offering value for professional needs.
Restrictions on rewards
This card offers a comprehensive rewards structure with certain restrictions to optimize its benefits. Cardholders can redeem up to 70% of their accumulated reward points for various rewards through HDFC online banking, while the remaining 30% can be settled through card payments.
The card also has specific reward points limits: a maximum of 5,000 reward points per day for insurance transactions and up to 2,000 reward points per month for grocery purchases. Additionally, there is a monthly limit for earning reward points, set at 150,000 reward points per statement cycle.
Conclusion
The HDFC BizBlack Metal Edition Credit Card is a premium option designed for business professionals and affluent individuals, distinguished by its luxurious metal design and extensive travel benefits.
While its benefits, such as 5X accelerated reward points on business spend, Marriott Club membership and ₹Aimed primarily at large corporates, the 5,000 Taj vouchers deserve careful consideration due to the card’s high annual fee and strict eligibility criteria. Notably, cardholders enjoy unlimited, complimentary lounge access worldwide, adding to travel convenience.
The card’s robust rewards program, especially in accelerated spending categories, offers a variety of redemption options, such as cash back and product catalogs. This credit card offers significant value through its rewards and travel benefits, making it a standout choice in the competitive business credit card landscape.
Rohit Gyanchandani is Managing Director of Nandi Nivesh Private Limited
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