The HDFC Bank MoneyBack Plus Credit Card is an enhanced version of the earlier HDFC MoneyBack Credit Card, offering more benefits and a higher reward rate while maintaining the same joining and annual fee of Rs. 500. With the MoneyBack Plus Card, cardholders can earn up to 20 CashPoints for every Rs. 150 spent, significantly boosting the value gained from everyday transactions. These CashPoints can be redeemed against a variety of options, including the card’s outstanding balance, a product catalog, Airmiles, and more. Additionally, cardholders have the opportunity to earn gift vouchers worth up to Rs. 2,000 upon reaching specific spending milestones, adding further value to their purchases.
The card also offers excellent dining benefits, providing a discount of up to 15% at over 2,000 premium restaurants across India. This makes it a great choice for those who frequently dine out and wish to save on their meals. Beyond dining, the HDFC MoneyBack Plus Credit Card offers additional savings through a fuel surcharge waiver and a spend-based waiver of the annual fee, making it a versatile card for various types of spending.
Overall, the HDFC MoneyBack Plus Credit Card is designed to maximize savings and rewards on a wide range of expenses, from dining and fuel to general shopping. For a more in-depth look at all the features and benefits of this card, be sure to check out the full review below.
- Overview
- HDFC Bank MoneyBack Plus Credit Card Fees and Charges
- HDFC Bank MoneyBack Plus Credit Card Features and Benefits
- Reward Points
- Expense Management and Customer Services
- Foreign Transaction Fee
- Eligibility
- How to Apply?
- Similar Cards to HDFC Bank MoneyBack Plus Credit Card
- HDFC Bank MoneyBack Plus Credit Card vs. SBI SimplyCLICK Credit Card
- HDFC Bank MoneyBack Plus Credit Card vs. ICICI Bank Amazon Pay Credit Card
- Final Thoughts
Overview
| Feature | Details |
|---|---|
| Card Type | Cashback Credit Card |
| Reward Rate | Up to 5% cashback on online spends and other select categories |
| Joining Fee | ₹500 + GST |
| Key Benefits | Cashback on spends, fuel surcharge waiver, EMI options |
| Rating | ★★★★☆ (4.4/5) |
HDFC Bank MoneyBack Plus Credit Card Fees and Charges
| Fee Type | Details |
|---|---|
| Joining Fee | ₹500 + GST |
| Finance Charges | 3.6% per month (43.2% per annum) |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn, with a minimum of ₹500 |
| Late Payment Fee | ₹100 to ₹1,300 depending on the outstanding balance |
| Overlimit Fee | ₹600 |
HDFC Bank MoneyBack Plus Credit Card Features and Benefits
Cashback
- Up to 5% Cashback: Earn 5% cashback on online spends, 2.5% cashback on groceries and utility bill payments, and 1% on other retail transactions. This card maximizes your savings on everyday expenses.
Fuel Surcharge Waiver
Save on Fuel: Enjoy a 1% waiver on fuel surcharge for transactions between ₹400 and ₹5,000 at all petrol stations across India, helping to lower commuting costs.
Zero Liability Protection
- Fraud Protection: Get zero liability coverage on unauthorized transactions if the card is lost or stolen, providing peace of mind for cardholders.
Flexible EMI Options
- Convert Purchases into EMIs: Easily convert high-value transactions into easy monthly installments, offering flexibility and control over big-ticket spending.
Contactless Payments
- Tap to Pay: Use contactless technology for quick, secure payments up to ₹5,000 without entering a PIN, ideal for fast, everyday purchases.
Reward Points
The HDFC MoneyBack+ Credit Card offers cashbacks in the form of CashPoints for various transactions. Here’s a breakdown of the cashback rewards available for different types of spending:
10X CashPoints (20 CashPoints per ₹150 spent)
- Earn 10X CashPoints (equivalent to 20 CashPoints for every ₹150 spent) on purchases made on Amazon, Flipkart, Big Basket, Reliance Smart Superstore, and Swiggy.
- There is a cap of 2,500 CashPoints per month under this category.
- Note: If the transaction is converted into an EMI with these merchants, only 5X CashPoints will be awarded.
5X CashPoints (10 CashPoints per ₹150 spent)
- Receive 5X CashPoints (equal to 10 CashPoints for every ₹150 spent) on EMI transactions at select merchant locations. This includes Merchant/EasyEMI, Aggregator EMI, and Brand EMI options.
- Only the principal amount of the EMI will earn CashPoints, and the maximum limit in this category is 2,500 CashPoints per month.
2 CashPoints (2 CashPoints per ₹150 spent)
- Earn 2 CashPoints for every ₹150 spent. Transactions under the SmartPay category also qualify for this rate.
- Note: CashPoints will not be awarded for certain transactions, such as fuel purchases, wallet loads, gift or prepaid card reloads, voucher purchases, cash advances, payment of outstanding credit card balances, and card fee payments.
Validity and Exclusions
- CashPoints are valid for two years from the date they are earned.
- No CashPoints are awarded for transactions involving fuel, wallet reloads, or voucher purchases.
Redeeming CashPoints
- Statement Credit: 1 CashPoint equals ₹0.25 when redeemed against the credit card statement balance. A minimum of 500 CashPoints is required for redemption, which can be done via net banking.
- Flight/Hotel Bookings: CashPoints can also be redeemed at the same rate of ₹0.25 per point for flight or hotel bookings made through SmartBuy. However, only up to 50% of the booking amount can be covered using CashPoints, with the remaining amount paid from the cardholder’s account.
- Product Catalog: CashPoints can be used to purchase items from a product catalog at a conversion rate of ₹0.25 per point.
- AirMiles: CashPoints can be converted to AirMiles at a rate of 1 CashPoint = 0.25 AirMile.
This program offers a versatile way to earn rewards on everyday spending, with multiple redemption options that add value to your purchases.
- Flexible Redemption Options: Convert reward points into cashback credited to your statement, or redeem them for travel vouchers, gift cards, and more through the HDFC Bank rewards portal.
Expense Management and Customer Services
- Detailed Statements: Receive monthly statements detailing all transactions to help manage your spending and budget effectively.
- 24/7 Customer Support: Access dedicated customer service for any queries or assistance related to your credit card.
Foreign Transaction Fee
| Feature | Details |
|---|---|
| Foreign Transaction Fee | 3.5% + GST |
Eligibility
- For Salaried and Self-Employed Individuals: This card is available to both salaried individuals and self-employed professionals with a good credit history and a minimum income requirement as specified by the bank.
How to Apply?
- Process: Visit the HDFC Bank website or a local branch to apply. Complete the application form and provide the necessary documents. Upon approval, the card will be dispatched to your address.
Similar Cards to HDFC Bank MoneyBack Plus Credit Card
| Feature | HDFC Bank MoneyBack Plus Credit Card | SBI SimplyCLICK Credit Card | ICICI Bank Amazon Pay Credit Card |
|---|---|---|---|
| Annual Fee | ₹500 + GST (waived on spending ₹50,000 annually) | ₹499 + GST | ₹0 |
| Reward Rate | Up to 5% cashback on select categories | 5X Reward Points on online spends | 5% cashback on Amazon spends for Prime members |
| Expense Management | Cashback, EMI options, detailed statements | Rewards on online shopping | High cashback on Amazon and partner sites |
| Fraud Protection | Zero liability on unauthorized transactions | Not specified | Zero liability on card loss |
| Foreign Transaction Fee | 3.5% + GST | 3.5% + GST | 3.5% + GST |
HDFC Bank MoneyBack Plus Credit Card vs. SBI SimplyCLICK Credit Card
The HDFC Bank MoneyBack Plus Credit Card offers cashback across various categories, making it ideal for those looking for flexible rewards on diverse spending. The SBI SimplyCLICK Credit Card, however, focuses on higher reward points for online purchases, particularly through its e-commerce partners, which can be beneficial for frequent online shoppers.
HDFC Bank MoneyBack Plus Credit Card vs. ICICI Bank Amazon Pay Credit Card
While the HDFC Bank MoneyBack Plus Credit Card provides cashback on a wide range of expenses, the ICICI Bank Amazon Pay Credit Card excels in offering significant cashback on Amazon purchases, especially for Prime members, making it an excellent choice for regular Amazon users.
Final Thoughts
The HDFC MoneyBack+ Credit Card is an excellent choice for those looking to maximize rewards on their regular expenses. Known as one of the basic yet popular credit cards from HDFC, it offers an impressive reward rate of up to 3.33%, allowing cardholders to save significantly on their everyday purchases. In addition to earning regular cash points (2 points for every Rs. 150 spent), cardholders can also earn up to 5,000 bonus cash points each month, further enhancing the card’s value.
Beyond its reward points, the card also provides opportunities to earn exciting gift vouchers every quarter based on your annual spending. Additionally, the annual fee for the card can be waived off if certain spending thresholds are met, making it even more cost-effective. These features make the HDFC MoneyBack+ Credit Card an excellent option for anyone looking to manage everyday expenses while earning rewards.
Overall, if you want a credit card that supports your regular spending habits with good rewards and flexible redemption options, the HDFC MoneyBack+ Credit Card is a smart choice. After reading the review above, feel free to share your thoughts about this card in the comments section below.
