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How Are you Using BizBlack (Spends, Redemptions) ?

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PreciousTincture

PreciousTincture

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Spends:
I recently got BizBlack as a floater on my Infinia. Im maxing out my Bizblack "Key Spends" with paying taxes which get me 5x points with cap of 7500. now since i already have i do all smart buy spends on inifinia. which makes bizblack only useful for paying taxes unless im missing something. let me know if you have a strategy to do better with spends.

Redemption:
I cannot find a dedicated portal for bizblack where i can buy apple/tanishq products at 1:1 maybe thats not available. one might use the generic smartbuy to book hotels/flights. how/where are you redeeming the points ?
 
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raghavb6 said:
I am a salaried person. Can I pay the tax using this card to complete the annual fee milestone and get the tax refund during ITR filing.
Any thoughts?
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Obviously, you can but you would lose interest on the extra 7 lakhs you have prepaid. In addition, rewards on tax payment are limited to around 50k per month. So you would have to keep paying 50k each month. Too much hassle to save just 10k in fees.
 
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Lobogris said:
Obviously, you can but you would lose interest on the extra 7 lakhs you have prepaid. In addition, rewards on tax payment are limited to around 50k per month. So you would have to keep paying 50k each month. Too much hassle to save just 10k in fees.
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if you pay 56250 per month taxes using this card, you will not only save 10k +gst in annual fees, but also get 9375 points per month. You can redeem them 1 to 1 on MMT/ClearTrip/Yatra using smartbuy or you can get a VISA prepaid instrument at 50p per point. so I think its worth it.

56250*12 = 675000... you should spend 75000 somewhere else, as if you pay tax using CC you are also charged payment gateway charges currently around 0.70%+gst = 0.826%.. its totally worth it, in my opinion.
 
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A couple of questions

1.Does mmt mybiz give 5x on spends on this card?If yes do we have to make mybiz account and acess it through smartbuy always or is it like just create an account and spend directly to get 5x.
2.How much should be the max spend on flights to get the 10k bonus maxed out ?
 
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kapsshah42 said:
A couple of questions

1.Does mmt mybiz give 5x on spends on this card?If yes do we have to make mybiz account and acess it through smartbuy always or is it like just create an account and spend directly to get 5x.
2.How much should be the max spend on flights to get the 10k bonus maxed out ?
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1) Yes we do. You will need to create MMT Biz account and go to this website through MMT biz link on Biz Black Smartbuy portal everytime before making a booking (FYI: I have not tried to make a direct booking on MMT Biz account, let me know if it works for you).

2) The spends on MMT Biz account will be a part of 5x programme on Biz Black (capping is 7,500 points per billing cycle), which results in maximum spends of Rs. 56,250. Condition to avail this 5x points is minimum total spends of Rs. 50k per billing cycle.

3) You can also avail benefit of regular 5x points on flight booking through regular smartbuy portal capped at 10k points per calendar month (over and above 5x feature mentioned under point 2 above), resulting in maximum spend of Rs. 75,000. There is no minimum spends requirement if you are using smartbuy portal directly.
 
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canitintuli said:
1) Yes we do. You will need to create MMT Biz account and go to this website through MMT biz link on Biz Black Smartbuy portal everytime before making a booking (FYI: I have not tried to make a direct booking on MMT Biz account, let me know if it works for you).

2) The spends on MMT Biz account will be a part of 5x programme on Biz Black (capping is 7,500 points per billing cycle), which results in maximum spends of Rs. 56,250. Condition to avail this 5x points is minimum total spends of Rs. 50k per billing cycle.

3) You can also avail benefit of regular 5x points on flight booking through regular smartbuy portal capped at 10k points per calendar month (over and above 5x feature mentioned under point 2 above), resulting in maximum spend of Rs. 75,000. There is no minimum spends requirement if you are using smartbuy portal directly.
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Thanks for the details explaination most of the doubts are now solved.Regarding the spending on mmt biz and regular smartbuy.I wanted to know so in a month we can earn 5x for 56250 spends on m+5x on 75000 spends on smartbuy(regular one and not the biz black smartbuy) and in total we can earn 7500( on mmt biz) and 10000 ( on smartbuy) in accelerated rewards.Is this correct?
 
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kapsshah42 said:
Thanks for the details explaination most of the doubts are now solved.Regarding the spending on mmt biz and regular smartbuy.I wanted to know so in a month we can earn 5x for 56250 spends on m+5x on 75000 spends on smartbuy(regular one and not the biz black smartbuy) and in total we can earn 7500( on mmt biz) and 10000 ( on smartbuy) in accelerated rewards.Is this correct?
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Yes, that is correct. You can potentially earn accelerated reward points upto 17,500 using this strategy.
 
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canitintuli said:
1) Yes we do. You will need to create MMT Biz account and go to this website through MMT biz link on Biz Black Smartbuy portal everytime before making a booking (FYI: I have not tried to make a direct booking on MMT Biz account, let me know if it works for you).

2) The spends on MMT Biz account will be a part of 5x programme on Biz Black (capping is 7,500 points per billing cycle), which results in maximum spends of Rs. 56,250. Condition to avail this 5x points is minimum total spends of Rs. 50k per billing cycle.

3) You can also avail benefit of regular 5x points on flight booking through regular smartbuy portal capped at 10k points per calendar month (over and above 5x feature mentioned under point 2 above), resulting in maximum spend of Rs. 75,000. There is no minimum spends requirement if you are using smartbuy portal directly.
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@keerthirahul123 - this is the info you need. 56250inr is max tax you can pay per month for the best rewards and 75K INR is the max smartbuy spends. Apart from this you have milestone benefits .
 
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vaibhav111 said:
now it the time i need to apply for bizblack, but it seem it won't issue as floater? is that really true? would walking up to branch would work? or need to call RM! newer RM is assigned cause i don't take any so called investment/ULIP Plan, so they keep changing RM every 4 months or so.
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Your dad has business right? if so you can apply in normal way i.e., either check online or offline bank cc guy.
 
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HumorSimpson said:
Your dad has business right? if so you can apply in normal way i.e., either check online or offline bank cc guy.
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yeah i also have a business, he won't get this cc cause of low limit and he isn't interest, old way pay via netbanking for income tax purpose cause for GST, his company is partnership so he won't applied anyways. so would call current a/c RM let c or though of visiting nearby HDFC Branch, since ITR isn't 30L so not sure now i can get this cc or not. plus some floater issue so let c, i have 2 week to make up mind whether it make sense to apply for skip again.
 
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vaibhav111 said:
yeah i also have a business, he won't get this cc cause of low limit and he isn't interest, old way pay via netbanking for income tax purpose cause for GST, his company is partnership so he won't applied anyways. so would call current a/c RM let c or though of visiting nearby HDFC Branch, since ITR isn't 30L so not sure now i can get this cc or not. plus some floater issue so let c, i have 2 week to make up mind whether it make sense to apply for skip again.
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if everything fails, atleast get bizpower later try to upgrade to bizblack
 
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HumorSimpson said:
Then why you did not apply
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I was offered Biopower or some lower variant, but I wanted Business Black later because 1.5L in 90 days was actually the target, so it became FYF.(still now in 90days i didn't had GST of 1.5L to be paid so keep on pause to take the card or not) Plus, the redemption is still a mystery to me because my friend has this card, and he was aiming for an Amazon Pay voucher. A few weeks back, he told me the ratio changed, and now it needs more points, and now the Amazon Pay voucher is completely gone.
 
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vaibhav111 said:
I was offered Biopower or some lower variant, but I wanted Business Black later because 1.5L in 90 days was actually the target, so it became FYF.(still now in 90days i didn't had GST of 1.5L to be paid so keep on pause to take the card or not) Plus, the redemption is still a mystery to me because my friend has this card, and he was aiming for an Amazon Pay voucher. A few weeks back, he told me the ratio changed, and now it needs more points, and now the Amazon Pay voucher is completely gone.
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Still it will be beneficial for you.

Apply for Biz Black Metal Edition Credit Card | HDFC Bank

Earn 5X reward points on every Rs.150 spent on your business needs with HDFC Bank Biz Black Metal Edition Credit Card. Apply Online and Maximise your Business Savings!
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says that
Earn 5 Reward Points on every Rs.150 spent for your business needs (1 Reward Point = Upto 1 Re/-) on IT and GST

In the worst case of statement credit the point value is 0.3 => 5*0.3*100/150 = 1%. So paying taxes with this is effectively ZERO and you can pay the cc bill with idfc private.
 
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