Purchase Credit Card

All You Need To Know

Terms and Conditions

Streamline the purchase process:

Convenient paperless process leading to better manpower productivity

Process Efficiency

All direct expenses of the company can be centrally accounted on the HDFC Bank Purchase Credit Card
Reduces transaction processing time and overall cost of high volume & low value transactions
No need for multiple payment systems , invoices & cheques

Better Control on expenses

Restrictions can be placed on cards as per transaction and vendor/ merchant category for better control
Better control on expenses basis spends data reports on expense patterns

Additional Savings

Upto 45 Days of credit period on the Purchase Card
Hotel & flight booking on MMT MyBiz powered by SmartBuy BizDeals
Business Productivity tools like Tally, Office 365, AWS, Google, Credflow, Azure & more via SmartBuy BizDeals - Nuclei

Better Negotiation

Advance payments & Consolidated spend reports helps in better negotiation with suppliers

SmartBuy BizDeals Benefits:

- Avail upto 40% savings* on your Business travel and software purchase on smartbuy.hdfcbank.com/business  

1. Business Travel Benefits via MMT MyBiz :  

- Discounted Fares, Free Meal & Seat Selection, Low Fees for Cancellation   

2. Business Productivity Tools via – Nuclei:  

-  Instant discount on your Business Software such as Google Workspace, Tally Prime, AWS, Microsoft Azure & more.

Terms and Conditions

FAQs

1. What is the Credit Period on Purchase Card?
30 + 15 Days

2. Do we get reward points in Purchase Credit Card?

No. There are no reward points for spends in Purchase Credit Card

3.Is the customer eligible for cashback?

No. The customer is not eligible for Cashback.

4. Is the customer eligible for Fuel surcharge waiver?

No, the customer is not eligible for Fuel Surcharge Waiver

5. Can corporate revolve on purchase credit Card?

No. The Corp cannot revolve on Purchase Credit Card

6. Can a Corporate restrict usage of cards on certain merchants?

Yes, Merchant Category Code (MCC) wise restriction is possible on Purchase Card, relevant MCC group/promo id needs to be selected by corporate on the MID while submitting application.

7. Can multiple Purchase Card be issued to a company?

Yes, multiple Purchase Card can be issued to a company as per their requirement upto a maximum of ten cards.

8. What are the payment options for Purchase Card?

Payments can be made via cheque, auto debits or online modes such as NEFT, RTGS Full payment needs to be made by the corporate to Bank

9. Is auto-debit option for credit card payment possible on Purchase Card?

Yes, auto debit is possible on Purchase Card

10. Will the customer qualify for Cashback if it falls under bank wide delinquency list?
A: No, If the Customer is delinquent for any product withing the bank, they will not receive cashback for their Purchase card spends in delinquent month.

Additionally, any missed cashback due to delinquency will not be processed or paid in subsequent months.

11. What are Special MCC spends & General MCC spends?
A: Special MCC spends include spends on merchants, but are not limited to Taxes, Government related services, Telecom, Groceries, Fuel, Utility, Insurance, Education, Home décor, Railway, Restaurant, Taxi, Toll fees, Bus lines, Charity, Political organisations, Religious organisations, Beauty shops, Barber shops, Child care services, Real estate agents & rentals, Legal services, Halls, Studios, Laundry services, Agricultural co-operatives, Electrical contractors, Civic, Tax preparation services, Social organisations, Fraternal organisations, Department stores, Supermarkets, Bakeries and Confectionery stores will be considered as special MCC spends

Spends other than the above mentioned merchants will be classified as General MCC spends