Latest news with #HDFCBizBlackMetalEditionCreditCard
Mint
18-07-2025
- Business
- Mint
Top business credit cards 2025: How to choose the right one for your needs
Choosing the appropriate business credit card is important especially for entrepreneurs and small business owners looking to optimise spending, earn lucrative rewards, streamline their credit card bills and avail exclusive benefits. Several learning banking and financial institutions have recently launched feature rich business credit cards, comparing the latest offers based on fees, rewards, ease of use along with business perks that can assist professionals in making sensible financial decisions. A business credit card is simply a financial tool designed specifically for startups, entrepreneurs and small to mid-sized businesses to assist them in managing their professional expenses efficiently. Credit card Annual fee Key feature HDFC Biz Black Metal Edition Credit Card ₹ 10,000 + taxes 5X rewards on select business spends HDFC Biz Power Credit Card ₹ 2,500 + taxes 5X rewards on select business spends Axis Bank Business Supreme Master Card ₹ 1,500 + taxes 6 reward points per ₹ 200 on marketing & advertising spends ICICI Business Advantage Black Card ₹ 1,500 + taxes Up to 1% cashback on every spend YES First Business Credit Card ₹ 999 + taxes Up to 16 reward points per ₹ 200 spent Kotak Biz Business Credit Card ₹ 499 + taxes 4X rewards on select business spends Source: Annual fees and key features are illustrative in nature and are subject to change. Please verify with the issuer before applying. These credit cards are designed to help in separating personal and business spending, provide users higher credit limits along with exclusive features such as expense tracking, vendor offers and rewards or work related purchases. 1. Evaluate your spending patterns: You should begin by understanding and analysing your typical monthly spending patterns. Travel, vendor payments, office supplies, associated purchases or online services. Most of the business credit cards waive lounge or FX fees only after you hit certain thresholds. For example, with ICICI business credit cards you get complimentary lounge access only if you spend at-least ₹ 75,000 in a billing cycle or over a specified period depending on the terms and conditions of the credit card selected by you. Hence, the decision of selecting any particular business credit card should only be made after taking into consideration its pros and cons. 2. Compare fees and rewards: Different cards levy flat annual charges but offset them with reward points or cashback offers. Card issuer Annual fees and charges Reward highlights HDFC Bank 1% fee on wallets, rent, gaming. Capped reward points on specific spends Kotak Mahindra Bank Varies by card (example League) 8 points per ₹ 150 on business spends ICICI Bank Spend based waiver Lounge access + vendor offers State Bank of India Tiered fees with spend based waiver Accelerated rewards on partner platforms Note: These charges and benefits are illustrative in nature and may vary by card type, terms, conditions and issuer updates. Always check the latest terms on the official website before applying. 3. Check latest launches for added perks: Before applying for any particular business credit card carefully check out the recent launches and the offers provided by them. For example, HDFC Bank's Paytm Select Business credit card provides 50-day interest free credit usage, airport lounges and zero fraud liability. Similarly, ICICI Bank's new Times Black Business Card launched in June, permits luxury travel privileges, including unlimited lounge access along with a host of other benefits. Kotak in partnership with Indigo has also recently re-launched their business co-branded credit cards on July 10, 2025. This was done in partnership with IndiGo BluChips. With this credit card users can earn air mile rewards simply 'points' or 'BluCoins' that can be redeemed for future flight bookings or related services. Therefore, all such launches, features among other related factors must be kept in mind for making the most out of your opted business credit cards. 4. Assess business-specific features: You should put special focus on features designed to meet business needs. Features such as automated expense tracking, higher credit limits, along with exclusive vendor based offers that help in streamlining operations, bringing costs down and making the entire business seamless. 5. Review terms and conditions: Carefully check the terms, conditions and related fine print of business credit cards. Focus on factors such as benefits on foreign transaction fees, reward redemption limits, late payment charges and annual fees. Clearly understanding their terms and conditions upfront can go a long way to help in avoiding hidden fees and ensure the card aligns with your business's financial objectives. Key factor Factors to keep in mind Relevance Spending alignment Match with your primary business expenses Maximise benefits on categories like travel or supplies Cost structure Compare annual and renewal fees Avoid cards with higher costs and lower returns in terms of business value Reward significance Focus on rewards that benefit your business Points, cashbacks or miles can offset key expenses Value added benefits Check for added business friendly perks Lounge access, higher limits, and MIS reports help scale Terms and conditions Read the fine print carefully Be aware of caps, charges, and terms before applying For all personal finance updates, visit here. Disclaimer: Mint has a tie-up with fintechs for providing credit; you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit scores. Mint does not promote or encourage taking credit, as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
Mint
04-07-2025
- Business
- Mint
Business credit card: Features, eligibility, fees and how it works
Managing spending is crucial for freelancers, small businesses, start-up founders, and employees in growing companies. Business credit cards allow spending management for business-related expenses with added features unavailable with normal personal cards. In this article, we will look at the definition, benefits, guidelines for use, and frequently asked questions about business credit cards in India. A business credit card is one type of credit facility that is provided specifically for business related expenses. Business credit cards are used to keep business funds separate from personal usage so they can organise daily activity including employee expenses, software or digital subscriptions, office supplies, travel booking, and vendor payment. Company revenue or turnover. PAN and GST registration. Owner or business credit worthiness. Increased credit limits: Business credit cards can accommodate large transactions or bulk purchases as they tend to go beyond personal cards when it comes to their applicable credit limit. Accurate expense stage & tracking: Business credit cards make the process of expense reporting easy with the integrated account software, downloadable reports and categorisation of transactions to make tracking expenses more effective. Employee card options: Earn private control on employee expenses drives through the availability of further card options for team members with setting different credit limits. Benefit & rewards: Business credit cards catered towards your needs, like enhanced travel features or extra fuel rebates, other possible savings via specific business tools. Business credit cards Annual fee HDFC Biz Black Metal Edition Credit Card ₹ 10,000 + applicable taxes. HDFC Biz Power Credit Card ₹ 2,500 + applicable taxes. Axis Bank Business Supreme Master Credit Card ₹ 1,500 + applicable taxes. ICICI Bank Business Advantage Black Card ₹ 1,500 + applicable taxes. YES First Business Credit Card ₹ 999 + applicable taxes. Kotak Biz Business Credit Card ₹ 499 + applicable taxes. Note: Readers are advised to check the relevant bank's website for the latest updates as interest rates, fees & charges are subjected to change. It is technically possible but extremely discouraged. When you mix personal and business expenses with a business credit card it will make it difficult to distinguish between personal and company transactions: When it is time to do your tax return. It creates discrepancies with bookkeeping. It may also be against their card issuer's policy. It could adversely affect your company's credit rating. If you mix spends, this could result in fines or lost deductions if you are audited - it is best to maintain financial stricter rules and only use personal credit cards for purchases. Grow a business' credit score and facilitate cash flow management. Helps track employee spending. Provides access to vendors special offers. Provides financial transparency for taxes and audits. Have your business information ready: GST, PAN, ITRs. Understand the repayment and fee terms. Choose cards with features suited to your business. Check statements regularly for fraud and scams. In conclusion, business credit cards are a way to grow, manage, and gain visibility in business! You can increase cash flow, reduce payment hassle, and solidify the financial base for your business by picking the right card, and using it wisely. For all personal finance updates, visit here. Disclaimer: Mint has a tie-up with fin-techs for providing credit, you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
