HDFC Bank Business MoneyBack
KeepMoneyBack's earn table with a GST-invoice wrapper — and a 2X leg online.
a year at ₹40,000 a month, after the fee
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Priced on the everyday mix — 30% groceries · 10% utilities · 20% travel · 6% fuel · 34% everything else — with this card's published category rules applied. Plus milestones, minus the fee. No accelerator credit — and a business card's accelerator is usually the point. This card is not on the board, which ranks personal cards only; it is ranked against other business cards on /best/business, where the tax, GST and vendor-payment rungs ARE credited and its ₹ reads higher.
How these numbers are computed — and why the rankings show a bigger one →
Spend tiers, milestones and fee waivers included, at our house ₹/point. Portal and category multipliers can push higher — run your exact number →
Breaks even only by erasing its fee at ₹5,000 a month
At ₹5,000 a month — ₹60,000 a year — on the everyday mix this card returns ₹200 gross (earn ₹200) against a fee of ₹0 — the ₹500 is waived, the spend having cleared ₹50,000 a year = ₹200 net — the first rung at or above ₹0. The ladder runs in ₹1,000 steps to ₹1,00,000 a month and ₹10,000 steps to ₹5,00,000; figures are rounded to the hundred, and the accelerator is never credited.
2 notes on the card itself: how it is issued · why it ranks #793
Why #793 A business card carried, not ranked. What it is: the MoneyBack earn table with a self-employed wrapper and a 2X online leg — a quarter of a per cent on ordinary spend, half a per cent online, and a 2,500-point milestone at ₹1.8 lakh. Sourcing has stopped.
HDFC publishes the whole ladder on this card's page and every rung is thin: ₹0.15 as cashback against the statement, up to ₹0.25 on SmartBuy flights and hotels, up to ₹0.25 in the product catalogue, and up to 0.25 AirMiles on conversion. A statement redemption needs at least 2,500 Reward Points and costs ₹99 a request, points pay at most 50% of a flight or hotel booking, SmartBuy travel redemption is capped at 50,000 points a month, and unredeemed points lapse after two years. The statement-cashback rung is fixed by HDFC's own MITC, which sets "15 paise per point for Money Back, Business Money Back, Regalia, Regalia Gold, Regalia Activ, Business Regalia, Biz Power cards" with effect from 1 November 2025.
The take
Business MoneyBack is the self-employed edition of a card the desk already carries twice, and it earns exactly what its consumer twin earns: two Reward Points per ₹200, which HDFC's 15 May 2026 revision restated when it moved the whole book off a ₹150 divisor. The one thing this version adds is a 2X leg on online spends, so a business routing its vendor and supplier invoices through a browser doubles to 0.5% — still thin, but double thin. Everything else is the familiar HDFC entry-card shape: a 2,500-point milestone at ₹1.8 lakh of annual spend, a 1% fuel surcharge waiver between ₹400 and ₹5,000 capped at ₹250 a cycle, and up to 50 days of interest-free credit, which HDFC pitches here specifically at vendor bills and GST payments — the float, not the rewards, is the honest reason a small business held this card. Read the redemption ladder before you value the points: statement cashback is fixed at 15 paise a point by the bank's own MITC, and the only rung that reaches ₹0.25 is the AirMiles conversion or the SmartBuy travel booking, which itself pays at most half a flight or hotel. Accrual is capped at 15,000 Reward Points a statement cycle, rent and education have earned nothing since January 2023, and groceries stop at 1,000 points a month. Sourcing has stopped, so this is a card you hold rather than a card you get.
Your renewal — keep, downgrade or cancel
This card reaches break-even by ERASING its fee, not by out-earning it: the waiver is the decision.
Keep, downgrade or cancel
₹500/yr at stake · 5 spend bands
The charge ₹500/yr
The waiver ₹50,000 of spend in the year before renewal — about ₹4,167 a month — and the renewal fee is not charged.
Break-even ₹5,000 a month — ₹60,000 a year — is where this card's value crosses its fee, and it gets there by erasing the fee at the waiver rather than out-earning it.
At your spend
₹1,400 a year, net of the fee, at ₹3,00,000 of annual spend — this clears the waiver, so no fee is charged
₹2,100 a year, net of the fee, at ₹6,00,000 of annual spend — this clears the waiver, so no fee is charged
₹3,600 a year, net of the fee, at ₹12,00,000 of annual spend — this clears the waiver, so no fee is charged
₹9,600 a year, net of the fee, at ₹36,00,000 of annual spend — this clears the waiver, so no fee is charged
₹15,600 a year, net of the fee, at ₹60,00,000 of annual spend — this clears the waiver, so no fee is charged
Everyday earn plus milestones, minus the fee — the same model as the value panel above, so the two cannot disagree. run your exact spend →
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
HDFC Bank publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and the numbers above are the whole of it.
What has changed under this card
- 23 Sep 2026 Axis EDGE brings Accor back, drops ITC, and adds Cathay, Miles & More and Hilton a program these points reach
- 15 Sep 2026 Wyndham splits its three flat free-night tiers into four a program these points reach
- 8 Sep 2026 Flying Blue splits award tickets into Light / Standard / Flex — a 25% rise for the same product a program these points reach
We price what is in force today — a change that has not happened yet is not in these numbers. the full archive for this card →
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- 2X Reward Points on online spends — 0.5% at the AirMiles exit, double the base rate
- 2,500 Reward Points at ₹1.8 lakh of annual spend
- ₹500 renewal fee waived at ₹50,000 of annual spend
- Reward Points convert to AirMiles at up to 0.25 a point, or pay half a SmartBuy flight or hotel
- Up to 50 days of interest-free credit, pitched at vendor bills and GST payments
Watch out
- Withdrawn — HDFC states "Sourcing of this Credit Card has been stopped. Existing customers of this card will continue to enjoy the benefits."
- Statement cashback is 15 paise a point, not 25 — the MITC fixes that rate for Business Money Back from 1 November 2025
- Accrual is capped at 15,000 Reward Points a statement cycle; groceries stop at 1,000 a month
- Rent and education transactions have earned nothing since 1 January 2023
- Every redemption costs ₹99, and a statement redemption needs at least 2,500 points
- No lounge access — HDFC's page names none, and the card opens no door on our map
What these points actually fly
HDFC Reward Points move to Avianca LifeMiles , Air France-KLM Flying Blue , Etihad Guest , United MileagePlus , Air India Maharaja Points , AirAsia Rewards , SpiceJet SpiceClub , Accor Live Limitless (ALL) , Marriott Bonvoy , Club ITC , IHG One Rewards , Radisson Rewards and Wyndham Rewards — and those price every award dynamically. There is no published chart to quote, so we quote nothing: an estimate is not a seat.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
Does your spend count toward the fee waiver?
not published — and we say which
₹50,000 a year is the bar that waives the ₹500 fee. A different question from the one above — earning points and counting toward a threshold are separate rules, and issuers write them separately.
Not published. HDFC Bank states what the HDFC Bank Business MoneyBack earns, but has not published which spend categories count toward the fee waiver and the milestones — the ₹50,000 bar. We won't guess it from the earn table or from a sibling card: Axis published three cards' rules on one day and all three lists differed. If you hold this card and have it in writing from the issuer, send us the document and we'll source it.
Lounge access
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
the route in — no cutoffs published
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Closed to new applications — existing cardholders keep the card; there is no way in.
HDFC Bank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
no MITC row researched for this card yet · filter the board by what you can get →
What's changed for this card
8 dated changes
Devaluations and buffs that touch this card directly, its issuer, or the points and programs it earns and transfers to. Every one is dated here; the tracker carries each one's before → after and the write-up.
- 23 Sept 2026Axis EDGE brings Accor back, drops ITC, and adds Cathay, Miles & More and HiltonAccor and Marriott off the grid since 2 April 2026; Club ITC live; no Cathay, Miles & More or Hilton → Accor live at the punished rates; ITC removed; Cathay, Hilton and Miles & More live; Marriott still gone
Axis's own Travel EDGE terms, re-read 25 September 2026, already show the grid that went live on 23 September. Accor ALL is back, and not at the old Atlas 1:2: EDGE Miles convert at 2:1 (Olympus 1:2) and EDGE Rewards at 5:1, with Magnus for Burgundy at 5:2 and only Burgundy Private still at 5:4. Club ITC is off the table. Three partners are new. Cathay Asia Miles sits on that same punished grid. Hilton Honors is the ordinary one: EDGE Miles 1:2, EDGE Rewards 5:2, Burgundy 5:4. Lufthansa Miles & More is the exception on Atlas, which converts 1:1 there while every other standard airline on that card is 1:2; the EDGE Rewards side of Miles & More is the ordinary 5:2. Marriott stays removed. Qatar Privilege Club was already back. Flying Blue, Air India and Qantas moved into Group A, which is the capped group. The Axis Rewards credit card's Amex network is advertised as joining-fee and annual-fee nil for a limited period; there is no separate Amex variant on this board, so that offer is not modelled as a fee change.
- 15 Sept 2026Wyndham splits its three flat free-night tiers into four
- 8 Sept 2026Flying Blue splits award tickets into Light / Standard / Flex — a 25% rise for the same product
- 1 Sept 2026SmartBuy moves Amazon Pay gift cards to 1X under Insta Deals
- 25 Aug 2026Vietnam Airlines Lotusmiles opens a broad SkyTeam status match — up to Elite Plus
- 21 Aug 2026Club ITC pays up to 50,000 bonus Green Points for spreading 10 nights across all five brands
- 20 Aug 2026IHG Hotels & Resorts becomes a Maharaja Club earning and conversion partner
- 18 Aug 2026Amex India re-rates Virgin Atlantic upward — 2:1 becomes 5:4, the first MR buff in years
Every HDFC Bank change we've dated → 37 events since 2001, 23 of them nerfs — worst year 2026.
Verified against HDFC Bank's own documents on · the net-annual-value engine, at our house ₹/point
Every document behind this page — 3 of them, each with the day we read it
- official Business MoneyBack product page — the sourcing-stopped notice, the 2X online leg, the ₹500 joining/renewal fee, the ₹1.8 lakh milestone and the full redemption ladder
- official HDFC Bank's bank-wide MITC, Version 4.6 dated August-2026 — it prices Business Moneyback in the ₹500 band at a ₹50,000 waiver, caps it at 15,000 points a cycle and fixes its cashback rung at 15 paise
- official HDFC's 15 May 2026 rewards revision — the accrual table that sets Business Moneyback at 2 Reward Points per ₹200