Business Credit Card India: HDFC Bank has launched four new credit cards for small traders i.e. SMEs. Only businessmen and people associated with SME sector can apply for these credit cards. The bank has informed that four credit cards named BizFirst, BizGrow, BizPower and BizBlack have been introduced for SMEs. These have been created by the bank keeping in mind the needs of the traders. Traders will get many benefits on these.
55 days interest free loan
A special feature of this credit card is that you get an interest free period of 55 days. With its help, people running business can easily manage liquidity as per their needs. With this you also get the facility of EMI and loan on card.
There will be savings on business expenses
One advantage of SME credit card is that it allows you to save on important business related expenses like utility bills, GST, income tax, payments to vendors, business travel and others. The bank said that if a merchant spends his business with this card, he is given 10X reward points. Apart from this, redemption options like Travel, Hotel, Microsoft 365, Clear Tax, Amazon Business and Google Ads are given in it. Apart from this, protection against fire, theft, cash safe and transit and electrical equipment is provided on these credit cards under the special business insurance package.
Credit card will be launched for freelancers
It was told by the bank that the number of people working in freelancer and gig economy is increasing rapidly. For this reason the bank is going to launch Giga Business Credit Card soon.
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