This article provides a concise overview of the prominent features, eligibility prerequisites, and the application procedure for HDFC Bank’s Purchase Reward Credit Card.
Features of HDFC Bank – Purchase Reward Credit Card:
Main features:
- Cashback:
- Earn up to 1.25%* cashback on your routine business expenditures.
- Pre-Fund:
- Load additional funds beyond the credit limit for flexible use as needed.
- Streamlined Purchase Process:
- Eliminate extensive paperwork for requisitions, purchase orders, invoices, and supplier payments, boosting manpower productivity.
- Process Efficiency:
- Centrally manage all company’s direct expenses using the purchase card.
- Reduce transaction processing time and costs for high-volume / low-value transactions.
- Simplify handling multiple invoices, cheques, and payment systems.
Additional Features:
- Variable Controls:
- Implement card restrictions based on transaction types and vendor/merchant categories for enhanced control.
- Savings:
- Enjoy a credit period of up to 45 days.
- Higher Vendor Discounts:
- Leveraging advance payments with HDFC Bank Purchase Cards and consolidated spending reports for improved negotiations with suppliers.
- Contactless Payment Technology:
- The HDFC Bank Purchase Credit Card supports contactless payments, offering swift, convenient, and secure transactions at retail establishments.
- *To identify contactless capability, look for the contactless symbol on your Card. Use it for quick transactions at locations accepting contactless cards.
- Please note that in India, contactless payments are permitted up to Rs. 2000 without requiring your Credit Card PIN. However, for amounts equal to or exceeding Rs. 2000, entering the Credit Card PIN is necessary for security purposes.
Fees for HDFC Bank – Purchase Reward Credit Card:
- The applicable GST relies on the place of provision (POP) and place of supply (POS). If both POP and POS are within the same state, the applicable GST would encompass CGST and SGST/UTGST. Otherwise, IGST applies.
- GST for FEE & Charges / Interest transactions billed on the statement date will be reflected in the following month’s statement.
- The GST imposed will not be reversed in the event of any disputes related to Fees & Charges / interest.
How to apply?
Click here to apply for the HDFC Bank’s Purchase Reward Credit Card.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank.