M16S / HDFC Bank / HDFC GIGA Business Credit Card
entry · business, rewards
HDFC GIGA Business Credit Card
The HDFC GIGA Business Credit Card costs Rs 500 a year, waived if you spend Rs 50,000 in a year. Its base return is 0.25% (2 CashPoints per Rs 200). The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's documents and an aggregator on 12 Oct 2026.
- Annual fee
- Rs 500+ GST
- Fee waived at
- Rs 50,000annual spend
- Base return
- 0.25%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on hdfc.bank.inOpens the bank’s own page.
Fees
| Joining fee | Rs 500 |
|---|---|
| Annual fee | Rs 500 |
| Annual spend that waives the fee | Rs 50,000 |
| Fee notes | Joining/renewal fee Rs 500 + taxes; renewal fee waived on Rs 50,000 spend in an anniversary year (HDFC page). |
Rewards
| Welcome benefit | Rs 250 gift voucher (Amazon, Swiggy, OTT Play and more) for one transaction within the first 37 days |
|---|---|
| Reward currency | CashPoints |
| Base earn | 2 CashPoints per Rs 200 |
| Base return | 0.25% |
| Point value | 1 CashPoint = up to Rs 0.25 cashback against statement, SmartBuy flights/hotels and product catalogue; up to Rs 0.30 business catalogue (page) |
| Accelerated earn | 6 CashPoints per Rs 200 on business digital spends (advertising, accounting, software licences, cloud hosting), bill payments via PayZapp/SmartPay, income tax and GST payments, MMT MyBiz bookings, business tools via Nuclei |
| Capsunverified | Max 15,000 CashPoints per statement cycle; UPI on RuPay 500 per calendar month (page); accelerated tier capped at 1,500 points per cycle (aggregator, not on page) |
| Spends that earn nothing | Rent, education, wallet, EMI, fuel |
| Points expiry | 2 years |
| Milestone benefits | 800 bonus CashPoints on Rs 50,000 spend every month |
| Reward notes | Redemption fee Rs 99 + GST (MITC); min 2,500 CashPoints for statement redemption. Base return = 2 CP/200 x Rs 0.25 = 0.25%, both stated on the issuer page. CashPoints cover up to 50% of a flight/hotel booking. |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markupunverified | 3.5% |
| Fuel surcharge waiver | 1% on txns Rs 400-5,000, cap Rs 250 per statement cycle (page) |
| Other freebies | Discounts under the GIG special merchant programme (WeWork, LegalWiz, Harapa by Upgrad, Truelancer); up to 55 interest-free days; credit liability cover Rs 3 lakh; Swiggy Dineout discount (page says 7.5% in one place, 10% in another); SmartPay cashback up to Rs 1,800 in the first year; loan on card |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | On outstanding balance: up to Rs 100 nil; 101-500 Rs 100; 501-1,000 Rs 500; 1,001-5,000 Rs 600; 5,001-10,000 Rs 750; 10,001-25,000 Rs 900; 25,001-50,000 Rs 1,100; above 50,000 Rs 1,300 (MITC) |
| Cash advance fee | 2.5% of amount, min Rs 500 |
| Eligibility | Self-employed Indian citizen, age 25-65, ITR above Rs 4 lakh; can apply with ITR or GST returns |
| Fine-print notes | Aimed at freelancers and gig workers. Issuer product page read 2026-10-12. Forex markup is not stated on the page. Conflicts (issuer page used): eligibility: old 'age 21-65' (cardinsider) vs page 'age 25-65' | point_value: old 'Rs 0.20 statement credit' (MITC) vs page 'up to Rs 0.25 cashback against statement'. Bank-wide charges per MITC: 1% fee on rent payments (cap Rs 4,999/txn); 1% on utility spends above Rs 50,000/month (Rs 75,000 on business cards); 1% on wallet loads above Rs 10,000/month (PayZapp exempt); 1% on fuel spends above Rs 15,000/month (Rs 30,000 business); 1% on online skill gaming above Rs 10,000/month; 1% on education paid via third-party apps; 1% + GST on railway tickets; 1.75% markup on INR transactions at overseas merchants from 15 May 2026. Points lapse if the card is unused for 365 days. |
Questions
- What is the annual fee of the HDFC GIGA Business Credit Card?
- Rs 500 a year, before GST. It is waived if you spend Rs 50,000 in a year.
- Does the HDFC GIGA Business Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the HDFC GIGA Business Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the HDFC GIGA Business Credit Card?
- Rent, education, wallet, EMI, fuel