M16S / HDFC Bank / HDFC Micro Enterprise Credit Card
entry · business, rewards
HDFC Micro Enterprise Credit Card
Its base return is 0.2%. Accelerated earn: 2X CashPoints on fuel and bill payments after Rs 10,000 spend in the billing cycle. The forex markup is 3.5%. Read from the issuer's own documents on 31 Oct 2026.
- Annual fee
- —
- Fee waived at
- —
- Base return
- 0.2%
- Forex markup
- 3.5%
- Interest
- 1.5%a month
Apply on hdfc.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Fee notes | Page fee row reads 'Joining / Renewal Fee: No Joining fee'; a renewal fee amount is not stated. |
Rewards
| Welcome benefit | Rs 250 gift voucher on the first transaction within 37 days |
|---|---|
| Reward currency | CashPoints |
| Base earn | 2 CashPoints per Rs 200 on other spends (rent, wallet, education, EMI excluded) |
| Base return | 0.2% |
| Point value | 1 CashPoint = Rs 0.20 |
| Accelerated earn | 2X CashPoints on fuel and bill payments after Rs 10,000 spend in the billing cycle |
| Caps | Base earn capped at 5,000 CashPoints per billing cycle; 2X tier capped at 500 CashPoints per cycle |
| Spends that earn nothing | Rent, wallet, education, EMI |
| Reward notes | Base return = 2 CP/200 x Rs 0.20 = 0.20%, both stated on the issuer page. |
Travel and perks
| Forex markup | 3.5% |
|---|---|
| Fuel surcharge waiver | 1% on txns Rs 400-5,000, cap Rs 250 per statement cycle (MITC) |
| Other freebies | Up to 55 interest-free days; access to business insurance |
Charges and eligibility
| Interest per month | 1.5% |
|---|---|
| Cash advance fee | Cash withdrawal not allowed |
| Eligibility | Self-employed Indian citizen, age 21-65, ITR above Rs 6 lakh; apply with ITR, GST returns or Udyam registration number |
| Fine-print notes | All fields from the HDFC product page read 2026-10-12. Low interest rate of 1.5% a month (APR 18%) is the headline feature. The page carries no discontinuation notice, so status is recorded as open. Renewal fee, forex markup, expiry and networks are not on the page. |
Questions
- What is the forex markup on the HDFC Micro Enterprise Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the HDFC Micro Enterprise Credit Card?
- Rent, wallet, education, EMI