Credit cards have become an essential need in today’s world for small business owners in India. Running a business is a difficult task that requires spending personal savings and taking loans from banks.

Earlier, managing cash was difficult, and payment was often delayed due to the lack of credit cards, but over the past few years, things have changed. Nowadays, many financial institution and banks offers a credit card that is only designed for small business owners. It maintains a smooth cash flow, earns cashbacks, rewards on business spends through EaseMyDeal

Top credit card processing for small business owners in India
 

 

HDFC Business Moneyback Credit Card

HDFC Business Moneyback Credit Card gives you 2.5% cashback on expenses related to business and earns up to 1% cashback on spending. You can save on fuel with a surcharge waiver. The joining and annual fees are Rs 500, and the person applying for it should be between 21 to 65 years old to apply for the credit card and the score should be similar as per the bank’s criteria.

What documents are required to apply?

• Identity proof
• Address proof
• Income proof
• Business proof
• Photograph 

How to apply for the HDFC Business Moneyback Credit Card?

• Go to EaseMyDeal 
• Click on ‘Apply Now’
• Add your details, such as name and number, to get extra cashback
• Then you will be redirected to the official website of HDFC to fill out the form
• Enter your details, contact information, employment details, etc.
• Check all the information again
• Then click on submit

 

India Oil RBL Bank XTRA credit card

They offer you to earn extra rewards points when you pay for fuel and get cashbacks on utility bills with full access to domestic and airport lounges.

It’s joining and annual fees is only Rs 1500. If you are between 21 to 65 years and your credit score is 720+, then you are eligible to apply. 

What documents are required to apply?

• ID proof
• Adress proof
• Income proof
• Photograph 

How to apply for the India Oil RBL Bank XTRA credit card?

• Go to the EaseMyDeal credit card section 
• Click on ‘Apply Now’
• Enter your details to get cashback benefits 
• Then you will be redirected to the bank’s official website to fill out the form
• Enter your personal information
• Check your details
• Submit the form 

 

HSBC Visa Platinum credit card

It gives you a benefit on spending through which you can earn 1 reward point for Rs100 you spend. Through this, you can access 800+ airport lounges worldwide, travel insurance, special discounts on shopping and dining. 

Getting no extra charges, the joining and annual fees is Rs 0 and get up to 15% off dining at partner restaurants. You should be between 21 to 65, then you are eligible to apply.

What documents are required to apply?

• ID proof
• Adress proof
• Income proof
• Photograph 

How to apply for the HSBC Visa Platinum credit card

• Go to  EaseMyDeal 
• Click on ‘Apply Now’ button
• Add your name, email to get extra cashback 
• You will be redirected to the official website of the bank to fill out a form
• Add your personal information
• Check all the information
• Submit the form at the last

 

ICICI Bank Parakram Credit Card 

ICIC allows you to earn 2 reward points per Rs100 you spend, with multiple benefits like dining, utility payments, fuel surcharge waivers, etc. The minimum application criterias are 21 to 65 years old, and the annual income should be 3 lakhs.

What documents are required to apply?

• ID proof
• Adress proof
• Income proof
• Photograph 

How to apply for the ICICI Bank Parakram Credit Card 

• Go to the EaseMyDeal 
• Click on ‘Apply Now’ button
• Add your personal information, such as your name and email, to get extra cashback.
• You will be redirected to the bank's website to fill out the form 
• Check the information before you submit
• Click on submit

 

SBI Cashback Credit Card

SBI cashback credit card provides flat 5% cashback on online spends, the highest cashback offer. This also provides 1% cashback on offline spends. You will get cashback without any brand or platform restrictions. Flat 5% cashback makes it different from many other credit cards.

What documents are required to apply?

• ID proof
• Residence proof
• Income proof
• Photograph 

 

How to apply for the Axis Indian Oil Credit Card

• Visit EaseMyDeal 
• Click on ‘apply now’ button
• Enter your name, number, and email to get extra cashback 
• You will be redirected to the SBI Bank official website to fill in the form
• Add your details, employment details, etc.
• Go through all the information before you submit

 

Conclusion 

Being a small business owner in India is not easy, as it comes with different challenges, including dealing with the cash flow, managing the daily expenses, and trying to save money wherever possible.

That's where choosing the right credit card is a game changer, whether it’s earning cashback on fuel or saving on purchases with other benefits, a good credit card is like a life partner.

FAQ’s Best Credit Card For Small Business Owners

What credit score do I need to apply for a credit card?

You need to get a 700+ credit score, which is mostly preferred by the banks, and there are other banks as well that give you a credit card with a low score.

 

What are the best credit card payment processing options for small business??

You can apply for the HDFC Business Moneyback Credit Card, India Oil RBC Bank XTRP credit card, HSBC Visa Platinum credit card,  ICICI Bank Parakram Credit Card, and SBI cashback Credit Card. These are the most useful for small business owners.

 

Is a credit card safe to do business expenses?

Yes, they are safe to get and will help you with your expenses as well.

 

What documents do I need to apply for a credit card?

You need an ID proof, a Residence proof, Income proof, Photograph to apply for a credit card.

 

How long does it take to get a credit card?

It will take up to 7-15 working days to get your credit card back to you.

What is the benefit of taking a credit card rather than a personal loan?

Through the credit card, you can get short-term credit, which is usually 40-50 days, and no interest if paid on time, whereas a loan charges interest from day one.

 

What is a fuel surcharge waiver?

That means you will save 1% or 2% of the fuel amount with a fuel credit card. Using these credit cards you can save a lot of money monthly.

 

Can I apply for more than one business credit cards for startup companies?

Yes, you can but in different banks for each business credit card.

 

What if my credit card application gets rejected?

There might be several reasons for rejection, which you need to identify, such as a low CIBIL score, Salary, or the area where service is not available, so identify and try to solve them