Any one with HDFC Biz Black Metal Card?

[1RC]

Anyone with HDFC Biz Black metal card? Could you please post its photo along with its metal weight here on this post?

I have been managing this post called - Metal Cards offered in India

I need your help with updating the weight of the Biz Black Metal card.

Thank you in advance.

 

[350modena]

1. You can definitely have both Infinia and BizBlack.
2. From a businessman's perspective BizBlack is far far better than Infinia. For routine Direct and Indirect tax payments, this is the GOAT card.
3. For BizBlack, approach the HDFC Bank branch and apply offline. Good chances to get it in that way. Wasn't able to get it via online methods but got it via offline channel (HDFC Bank RM).
4. For salaried professionals, this card is not that useful UNLESS you have large amounts of income from other sources for which you need to pay advance tax separately. For salaried professionals, DCB Metal or Infinia are better.

For payments such as advance tax / income tax and GST, are there any PG charges? Or is it free ?

 

[Parvesh Goyal]

For payments such as advance tax / income tax and GST, are there any PG charges? Or is it free ?

There is a 0.80% + gst fee on these payments.

 

[350modena]

There is a 0.80% + gst fee on these payments.

Thanks for the info!

 

[curious_george]

Question: If I have HDFC Diners Black as LTF and want Biz Black for business expenses (ITR 23L), will they cancel my individual DB LTF and issue BizBlack? does any one have DB LTF + Biz Black?
reason for planning to get Biz Black is my accountant wants me to either reduce credit card usage or have dedicated card for business expenses.
Annual spend : about 10L (on all cards HDFC DCB, SBI 5% CB, Tata Nue and some other rarely used) + 4.5L tax payment (not sure if it counts towards fee waiver limit).

 

[vaibhav111vaibhav111 is verified member.]

Question: If I have HDFC Diners Black as LTF and want Biz Black for business expenses (ITR 23L), will they cancel my individual DB LTF and issue BizBlack? does any one have DB LTF + Biz Black?
reason for planning to get Biz Black is my accountant wants me to either reduce credit card usage or have dedicated card for business expenses.
Annual spend : about 10L (on all cards HDFC DCB, SBI 5% CB, Tata Nue and some other rarely used) + 4.5L tax payment (not sure if it counts towards fee waiver limit).

my friend recently got biz black metal and surprising the metal weight is quite light, you can apply and no DCB LTF of your won't get cancel. you can apply offline and he applied through his RM/BM. try to spend 1.5 L and get 5k worth of some voucher option like MakeMyTrip and probably no fees either in first statement and from 1st july 10,000 RP Bonus instead of 7,500RP in single month and yes tax payment will be counted toward milestone which is 8L for next year fees reversal i believe. he had payment TDS payment and received RP on that too.

 

[Dragon_slayer]

Just to clarify, the 16.66% reward is only valid till first 50K spend in a month? Right ?

So max we can get this reward rate for 50*12= 6L spends?

my friend recently got biz black metal and surprising the metal weight is quite light, you can apply and no DCB LTF of your won't get cancel. you can apply offline and he applied through his RM/BM. try to spend 1.5 L and get 5k worth of some voucher option like MakeMyTrip and probably no fees either in first statement and from 1st july 10,000 RP Bonus instead of 7,500RP in single month and yes tax payment will be counted toward milestone which is 8L for next year fees reversal i believe. he had payment TDS payment and received RP on that too.

 

[Worried--Parent]

Just to clarify, the 16.66% reward is only valid till first 50K spend in a month? Right ?

So max we can get this reward rate for 50*12= 6L spends?

Need to make 3 x 19k spends on different days as there is per day capping of 2500 points.

 

[sourpai]

Need to make 3 x 19k spends on different days as there is per day capping of 2500 points.

Accelerated reward points on Tax are based on condition of reaching 50k spends per month. So it will trigger only when crossing 50k and not based on per day quota.

Can u point me to the source of daily limit in T&Cs?

 

[Worried--Parent]

@sourpai earlier it was that way, apparently they've changed it from June 30. It used be the same as Diners Black (non-metal) now they've kept it the same as Diners Black Metal. That means you can get more points -- need to talk to the call center and confirm if this is right.

 

[sourpai]

@sourpai earlier it was that way, apparently they've changed it from June 30. It used be the same as Diners Black (non-metal) now they've kept it the same as Diners Black Metal. That means you can get more points -- need to talk to the call center and confirm if this is right.

As per link you shared, Biz Black metal per day quota is 10,000 points and not 2,500. So no need to worry about splitting transaction then. Max accelerated on Tax is 7500

 

[Dragon_slayer]

As per link you shared, Biz Black metal per day quota is 10,000 points and not 2,500. So no need to worry about splitting transaction then. Max accelerated on Tax is 7500

Is this logic correct then ?

Just to clarify, the 16.66% reward is only valid till first 50K spend in a month? Right ?

So max we can get this reward rate for 50*12= 6L spends?

 

[greatpu11]

It’s easy to get
I have infinia metal and biz black
Go to the branch and fill floater decleration form along with BM recommendation
You’ll get this card
Your limit on existing card should be 5L

I have a question, If we apply for a floater card, will the annual membership fees be applicable ?
Infinia provides a renewal fee waiver over 10 Lakh, plus biz black @ 7.5 Lakh
does it mean we have to spend a total of 17.5 Lakh for full fee waiver ?

 

[Worried--Parent]

Is this logic correct then ?

Called support, even they are not sure. Will get back to me in a day or so.

 

[Worried--Parent]

I have a question, If we apply for a floater card, will the annual membership fees be applicable ?
Infinia provides a renewal fee waiver over 10 Lakh, plus biz black @ 7.5 Lakh
does it mean we have to spend a total of 17.5 Lakh for full fee waiver ?

Yes, fees and milestones are separate. Only limit is shared.

 

[Pravas]

Guys what is the tax payment percentage of return.
I have an infinia (salaried person)and have to pay 4L income tax for my parents (retired).

Does this biz black card makes sense only for the 4L income tax spend ?

 

[sparkit]

Can someone confirm if we pay insurance premium through payzapp. Does it count towards the 5X accelerated rewards or base rewards?

 

[ALOAK]

i asked my RM cause i tried online and lower variant of hdfc business card showed up, so my rm need investment same as infinia metal LTF, so for now i have said to him will talk later. other route as far I'm aware is GST return or ITR (not sure cause it been 2 month or so) should exceed or equal 21 lakhs in a single year. not sure if thing are changed and on income tax i have used idfc wealth and will look out for option in may onwards.

This is all a trick by hdfc RM asking for investment. Bunch of liars in hdfc. They follow different rule to different people. To issue card if they are asking investment it is not worth it. Most of the RM sell you 3rd class investment.

 

[Worried--Parent]

Guys what is the tax payment percentage of return.
I have an infinia (salaried person)and have to pay 4L income tax for my parents (retired).

Does this biz black card makes sense only for the 4L income tax spend ?

If you are able to qualify for it sure. The sweet spot for 16.5% returns is up to 7.2L (60k x 12), so even if you pay just 4L you'll still get that percentage of return. Note that you won't hit the fee waiver for 2nd year onwards, which requires 7.5L spends but I think you still net quite a bit even after you deduct 11.8k. If you're able to manage spends of 3.5L on that card, you'll hit the fee waiver plus get the base returns of 3.33% as well -- equivalent to Infinia. Potentially can do insurance policies for that?

 

[Worried--Parent]

Can someone confirm if we pay insurance premium through payzapp. Does it count towards the 5X accelerated rewards or base rewards?

Not sure how they classify "Bill Payment via Payzapp", maybe the insurance policy has to be BBPS registered? I max out the 5X rewards from the Income Tax alone, so not really sure about the other areas.

 

[Pravas]

Is there a monthly cap on points I can get for tax payment in a month?
Also I have infinia and tata nue infinity, can I still get a floater black biz ?