The HDFC MoneyBack Credit Card is designed for individuals seeking cashback rewards on their daily spends. This card offers a variety of benefits, including attractive reward points, fuel surcharge waivers, and easy redemption options.
Overview
| Feature | Details |
|---|---|
| Card Type | Cashback Credit Card |
| Reward Rate | 2 reward points for every ₹150 spent |
| Reward Value | 100 points = ₹20 (statement credit) |
| Annual Fee | ₹500 + GST (waived on spending ₹50,000 annually) |
| Unique Selling Points | Cashback rewards, fuel surcharge waiver, EMI options |
| Rating (out of 5) | 4.3 |
Table of Contents
Welcome Benefits
| Welcome Benefit | Details |
|---|---|
| Welcome Gift | 500 reward points |
Charges for HDFC MoneyBack Credit Card
| Fee Type | Details |
|---|---|
| Joining Fee | ₹500 + GST |
| Renewal Fee | ₹500 + GST (waived on spending ₹50,000 annually) |
| Finance Charges | 3.49% per month (41.88% per annum) |
| Late Payment Fee | ₹100 to ₹1,300 based on the outstanding balance |
| Foreign Transaction Fee | 3.5% + GST |
| Rent Payment | 1% fee using third-party apps like CRED, Paytm |
| Education | 1% fee using third-party apps |
| Utilities | No additional charges |
HDFC MoneyBack Credit Card Membership Benefits
This card provides various benefits:
- Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between ₹400 to ₹5,000.
- Interest-Free Credit: Up to 50 days of interest-free credit from the date of purchase.
- EMI Options: Convert big purchases into easy monthly installments.
Rewards for HDFC MoneyBack Credit Card
| Spend Category | Reward Rate |
|---|---|
| Online Spends | 2X reward points |
| All Other Spends | 2 reward points per ₹150 spent |
| Reward Value | 100 points = ₹20 (statement credit) |
| Rewards Expire in | 2 years |
Milestone Benefits
| Spending Milestone | Reward Earned |
|---|---|
| Annual Spend of ₹50,000 | Annual fee waiver |
Redemption
Reward points can be redeemed for:
- Cashback: Convert points to statement credit.
- Gift Vouchers: Redeem points for gift vouchers from leading brands.
- Merchandise: Choose from a range of products in the rewards catalog.
Gift Vouchers Available
| Category | Brands |
|---|---|
| Shopping | Amazon, Myntra, Pantaloons, Shoppers Stop |
| Electronics | Croma, Reliance Digital |
| Travel | MakeMyTrip, Cleartrip |
| Dining | Zomato, Swiggy |
| Entertainment | BookMyShow |
Airport Lounge Access
| Access Type | Details |
|---|---|
| Domestic Lounges | Not available |
| International Lounges | Not available |
HDFC MoneyBack Credit Card Forex Markup Fee
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST on all international transactions |
Eligibility for HDFC MoneyBack Credit Card
To apply for the HDFC MoneyBack Credit Card, applicants must meet the following criteria:
- Age: 21 to 65 years
- Income: Stable income required
- Documents Required: Aadhar Card, PAN Card, proof of income (latest bank statements/salary slips, ITR), and residence proof.
HDFC MoneyBack Credit Card Review
The HDFC MoneyBack Credit Card is a great option for individuals looking for a cashback credit card with flexible reward redemption options. With its cashback rewards, fuel surcharge waiver, and EMI options, it offers good value for daily use.
Overall Rating: 4.3
- Benefits: 4.5
- Fees: 4.0
- Customer Service: 4.2
Pros and Cons
| Pros | Cons |
|---|---|
| Cashback rewards on all spends. | Limited airport lounge access. |
| Annual fee waiver on meeting spend criteria. | High foreign transaction fee. |
| Fuel surcharge waiver. | Rewards expire after 2 years. |
Similar Cards to HDFC MoneyBack
| Feature | HDFC MoneyBack Credit Card | SBI SimplyCLICK Credit Card | ICICI Coral Contactless Credit Card | Axis Bank Neo Credit Card |
|---|---|---|---|---|
| Annual Fee | ₹500 + GST | ₹499 + GST | ₹500 + GST | ₹250 + GST |
| Lounge Access | Not available | Not available | 1 complimentary access per quarter | Not available |
| Reward Rate | 2 reward points per ₹150 spent | 10X rewards on online spends | 2X rewards on online spends | 10X rewards on online spends |
| Reward Value | 100 points = ₹20 (statement credit) | 4 points per ₹100 spent | 1 point ≈ ₹0.25 | 10 points per ₹100 spent |
| Special Benefits | Cashback rewards, fuel surcharge waiver | 10X rewards on partner sites | Dining, entertainment, and travel discounts | Entertainment benefits, discounts on shopping |
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
For more detailed information about HDFC credit cards and other financial products, you can visit the official HDFC Bank website.
FAQ
Q: What is the annual fee for the HDFC MoneyBack Credit Card?
- A: The annual fee is ₹500 + GST, waived on spending ₹50,000 annually.
Q: How can I earn reward points with the HDFC MoneyBack Credit Card?
- A: You can earn 2 reward points for every ₹150 spent, with 2X reward points on online spends.
Q: How can I redeem the reward points earned with the HDFC MoneyBack Credit Card?
- A: Reward points can be redeemed for cashback as statement credit, gift vouchers, and merchandise.
Q: Does the HDFC MoneyBack Credit Card offer any fuel benefits?
- A: Yes, the card offers a 1% fuel surcharge waiver on transactions between ₹400 to ₹5,000.
Q: What are the milestone benefits of the HDFC MoneyBack Credit Card?
- A: The card offers an annual fee waiver upon spending ₹50,000 in a year.
Q: Is the HDFC MoneyBack Credit Card worth it for cashback seekers?
- A: Absolutely. With cashback rewards, annual fee waiver, and fuel surcharge waiver, this card provides excellent value for those looking to maximize cashback on their daily spends.
