Standard Chartered Rewards Credit Card vs HDFC Bank Biz Grow Credit Card

• Second Year onwards the annual fees will be reversed on spends of Rs. 1,50,000 or more in the previous year. Alternatively, cardholder will be entitled to receive 4000 reward points on the payment of Annual Fees
• Get 4 reward points per Rs. 150 on all Retail spends (except Government, Insurance and Fuel categories)
• Avail additional 4 reward points per Rs. 150 on monthly Retail spends above Rs. 20,000 (max. 2000 bonus reward points per statement cycle)
• 1 Domestic Lounge Visit per calendar quarter (4 per year)
• 1 reward point on every Rs. 150 spent on Government and Insurance categories
• 1% Fuel Surcharge waiver on all fuel spends
• Get a wide range of instant payment solutions like Samsung Secure Play and BharatQR Bharat Bill Payment Solution (BBPS)
• Enjoy the facility of Kuch Bhi on EMI option where you can convert big spends above Rs. 2,000 to easy EMI through online banking or SC Mobile. Avail attractive pricing and flexible tenure options
• Easily redeem reward points against the bank’s new online catalogue with Standard Chartered 360* Rewards
• Avail loan up to Rs. 5,00,000 on the credit card with flexible tenure from 12 to 60 months
• Transfer card balance from other bank credit cards up to Rs. 5,00,000 at attractive interest rate
• Convert entire outstanding, up to Rs. 5,00,000, in EMIs with zero processing fees

• Card Activation Benefit: Avail a Gift voucher worth Rs. 250 on making one transaction on the Biz Grow Credit Card within first 37 days of card issuance. Voucher is redeemable on top brands like Amazon, Swiggy & more
• Milestone Benefits: Obtain 2000 CashPoints every quarter on quarterly spends of Rs. 1,00,000.  (On all retail spends excluding rent and petrol). Redeem CashPoints against statement. (Earn 1 CashPoint = Upto Rs.0.25)
• Spend Rs. 1 Lakh in an anniversary year (12 billing cycles) to get Renewal Fee waived for next renewal year
• Up to 55 days Interest Free Credit Period
• Earn 2 Cash Points on every Rs.150 spent for your business needs
• Earn 10X Cash Points on selected Business spends such as:

1. Bill Payment via Payzapp & SmartPay

2. Income Tax/ Advance Tax payment via eportal.incometax.gov.in

3. GST payment via payment.gst.gov.in

4. Hotel & flight booking on MMT MyBiz powered by SmartBuy BizDeals

5. Business Productivity tools like Tally, Office 365, AWS, Google, Credflow, Azure & more via SmartBuy BizDeals - Nuclei 

6. Dmart

7. Cleartax

Note: 10X Cash Points applicable on minimum spends Rs. 10,000 in statement cycle

Maximum 1,500 Cash Points per statement cycle

• Make GST payment using Business Credit Card:  Via GST portal: payment.gst.gov.in 
• Pay Income Tax/ Advance Tax using Business Credit Card (eportal.incometax.gov.in)
• SmartBuy BizDeals:  

• Avail up to 40% savings on your Business travel and software purchase on smartbuy.hdfcbank.com/business  

1. Business Travel Benefits via MMT MyBiz :  

- 4% off on Flights and Hotels booking 

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

2. Business Productivity Tools via – Nuclei :  

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

- Get GST Invoice for availing Input Tax Credit  

• 1% fuel surcharge waiver at all fuel stations across India (on minimum transaction of Rs. 400 and maximum transaction of Rs. 5000)
• Dining Benefits: Enjoy FLAT 10% EXTRA OFF on dining bills at 35K+ restaurants
• SmartPay, an automatic payment facility available on the Credit Card to pay your utility bills, gives assured cashback up to Rs. 1800 in the first year and exciting e-vouchers worth up to Rs. 800 for adding 2 or more bills on Smart Pay
• Convert big spends into EMI after purchase
• Easy EMI: Choose EMI option for large online or in-store purchases using Biz Grow Credit Card and avail easy repayments using Easy EMI
• Zero Lost card liability
• Credit liability cover: Rs. 3 Lakh
• Business Insurance Benefit: Secure a Business with specially curated Business Insurance package:

- Avail Business Insurance package starting at an annual premium of Rs. 3,785 which includes:

a. Fire & Burglary insurance for Shop up to Rs. 5 Lakhs

b. Cash in Safe/Transit up to Rs.25,000

c. Electronic Equipment insurance excluding terrorism up to Rs. 50,000

d. Hospital Cash: Accident only amount payable per day up to Rs. 1000  

e. Hospital Cash: Illness only amount payable per day up to Rs. 1000 

Do note that the cardholders have the option to pick higher Business Insurance cover as per their Business need

• A minimum of 2500 CP is required to redeem CashPoints against statement balance
• Flights and Hotels redemption, Credit Card members can redeem up to a maximum of 50% of the booking value through CashPoints. Rest of the transaction amount will have to be paid via the Credit Card limit
• With effect from 1st February 2023, cardmembers can redeem upto 70% of product/Voucher value through CashPoints on select vouchers/products and pay the remaining amount via Credit card
• The maximum 15,000 CashPoints can be earned in a statement cycle
• Unredeemed Cash Points will expire/lapse after 2 year of accumulation

Pros

• 1% Fuel Surcharge Waiver
• 4 reward points per Rs. 150 on all Retail spends
• Avail loan up to Rs. 5,00,000 on the credit card with flexible tenure from 12 to 60 months

Cons

• No golf benefits
• No international airport lounge access / dining/ movie benefits

Pros

• Welcome Benfits
• Milestone Benefits
• Earn 10X Cash Points on selected Business spends

Cons

• No golf benefits
• No airport lounge access
• No reward points on fuel transactions