HDFC MoneyBack+ Credit Card

• Earn 10X CashPoints on transactions at Flipkart, Amazon, Swiggy, Reliance Smart SuperStore, and BigBasket.
• Get 5X CashPoints when you use EMI at various merchant locations.
• Collect 2 CashPoints for every Rs. 150 spent on other categories, excluding fuel, wallet reload, prepaid card loads, and voucher purchases.

Apart from the CashPoint earning rates across different categories, cardholders should also consider the following terms and conditions:

• For the 5X and 10X categories, cardholders can accumulate a maximum of 2,500 CashPoints in a calendar month.
• EMI transactions, even when conducted with the 10X category merchants, will only yield 5X CashPoints.
• Rent payments and government-related transactions will not generate any CashPoints.
• CashPoints for grocery transactions are limited to 1,000 CashPoints in a month.

• CashPoints can be redeemed for a statement credit at a rate of 1 CashPoint = Rs. 0.25. To initiate a redemption, a minimum of 2,000 CashPoints must be available in your account.
• Cardholders can use their CashPoints to buy things on the SmartBuy Platform or book travel and hotels. When they do this, 1 Reward Point (RP) is worth Rs. 0.25.
• Unused CashPoints will expire in 2 years

Cardholders can receive extra CashPoints when they join, renew, or reach specific spending milestones, as follows:

• 1. 500 CashPoints when paying the joining fee
• 2. 500 CashPoints when renewing the card
• 3. A 500 Rs. gift voucher when achieving quarterly spending of Rs. 50,000 or more.

• Welcome Benefit: Upon activation, you receive a welcome benefit of 500 CashPoints, which is equivalent to approximately Rs. 125 (where 1 CashPoint = Re. 0.25).
• Zero Lost Card Liability: If your card is lost, you won't be held liable for any fraudulent transactions. Be sure to report the loss promptly to HDFC Bank Credit Card customer care, available 24x7.
• EMI Conversion: You can convert significant purchases into manageable EMIs after making the purchase.
• Contactless Payments: The card allows for contactless payments without needing to enter the Credit Card PIN, up to a maximum of Rs. 5,000 for a single transaction.
• Fuel Surcharge Waiver: You can enjoy a 1% fuel surcharge waiver on transactions ranging from a minimum of Rs. 400 to a maximum of Rs. 5,000. The waiver is limited to Rs. 250 per statement cycle.

Below mentioned are the fees and charges applicable to HDFC Bank MoneyBack+ Credit Card:

The applicant must fulfill the below-mentioned eligibility criteria to apply for this HDFC Bank MoneyBack+ Credit Card:

The HDFC MoneyBack+ card is a good choice for those starting out because it has a low monthly income requirement of Rs. 25,000. It gives you benefits on everyday expenses like groceries through BigBasket, shopping on Flipkart and Amazon, dining with Swiggy, and purchases at Reliance Smart SuperStore.

Additionally, this card is perfect if you plan to buy expensive items and pay for them in installments because it gives you extra rewards even when you use the card for EMI transactions.

Among HDFC Bank's cards, the closest rivals to the MoneyBack+ card are the regular MoneyBack card and the Millennia card. The regular MoneyBack card is suitable for online spending but doesn't offer rewards as good as the MoneyBack+ version. On the other hand, the HDFC Millennia card is a strong alternative because it offers a 1:1 rewards-to-cashback ratio, which is quite competitive. However, it's important to note that the Millennia card has a higher annual fee, costing Rs. 1,000, whereas the MoneyBack+ card has a lower fee.

There are two main drawbacks to HDFC Moneyback+ Credit Card:

• It does not provide any travel-related perks, nor does it offer enhanced rewards for purchases made with well-known travel companies.
• Groceries and fuel are two of the most significant expense categories for most individuals. However, this card does not provide any rewards for fuel purchases, and the rewards for grocery spending are limited to a maximum of 1,000 reward points.

• You frequently make purchases from the partner brands- Flipkart, Amazon, Swiggy, etc.
• You are not looking for travel benefits or already have a travel credit card
• You want a card that offers benefits in the form of reward points and does not charge high annual fee
• You already have a credit card for fuel

To help you choose between the three HDFC Credit Cards mentioned above- Moneyback, Moneyback+ and Millennia, here is a comparison.

If you are looking for a rewards credit card, then you can refer to the cards mentioned in the table below:

You have the option to apply for this credit card through both online and offline channels. To apply online, you can visit the official bank's website and complete the application form. On the other hand, if you prefer an offline approach, you can visit one of the nearest bank branches and consult with a representative to initiate the application process.

CashPoints are not available with a MoneyBack+ card for expenses related to fuel purchases, reloading prepaid cards, reloading digital wallets, acquiring vouchers, cash advances, settling outstanding balances, card fees, and other associated charges, as well as Smart EMI transactions.

The HDFC MoneyBack+ Credit Card has a monthly limit on the CashPoints you can earn. For transactions that offer 10X CashPoints on certain brands and 5X CashPoints on EMI payments, the maximum cap is set at 2,500 CashPoints per month, as per the card's terms and conditions.

Yes, you have the option to withdraw cash using your HDFC Bank MoneyBack+ Credit Card. However, please be aware that the bank imposes a cash advance fee, which amounts to 2.5% of the withdrawn sum or a minimum of Rs. 500, whichever is greater. Due to these higher fees, it is recommended to avoid cash withdrawals using your credit card whenever possible.

You can get a 1% fuel surcharge waiver on transactions ranging from Rs. 400 to Rs. 5,000 with a maximum waiver of Rs. 250 per statement cycle. This waiver applies to purchases at any petrol station in India that accepts this credit card.