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HDFC Bank MoneyBack Plus Credit Card

Product Details
Credit Card Name : 

HDFC Bank MoneyBack Plus Credit Card

Bank Name :

HDFC Bank

Type :

Lifestyle Credit Card

Interest Rate : 

3.6% per month i.e. 43.2% annually

Eligibility :

Salaried: Nationality: Indian, Age: Min 21 years and maximum 60 years.
Income: Gross monthly salary should be greater than INR 20,000

Self Employed: Nationality: Indian, Age: Min 21 years and maximum 65 years.
Income: ITR > INR 6.0 Lakhs per annum

HDFC Bank MoneyBack Plus Credit Card
Pros
  • Welcome Benefit: 500 cash points on payment of annual fee.

  • Reward System: 10 CashPoints on  Amazon, BigBasket , Flipkart, Reliance Smart SuperStore & Swiggy, value of 1 reward point = INR 0.25. Special cashback percentage: 2.5% (Cashback capped at INR 625 per month). 5 CashPoints on EMI spends at partner merchant locations, EMI cashback rate: 1.25% (Cashback capped at INR 625 per month). 2 cashback points on all other spends, general cashback rate: 0.33%

  • Milestone Benefit: INR500 gift voucher on spending INR 50,000 per calendar quarter on card.

  • Get upto 20% discount on partner restaurants via Swiggy Dineout (20K + restaurants). 

  • Annual fee reversal on spending INR 50,000 and above in an year.

Cons
  • Low general cashback rate. 

  • Limited value add benefits.

  • No lounge visit.

  • No free movie tickets. 

Pros & Cons
Welcome Benefits

Welcome Benefit: 500 cash points on payment of annual fee. Value of 1 point = INR 0.25


Rewards System
  • Reward System: 10 CashPoints on  Amazon, BigBasket , Flipkart, Reliance Smart SuperStore & Swiggy, value of 1 reward point = INR 0.25. Special cashback percentage: 2.5% (Cashback capped at INR 625 per month). 5 CashPoints on EMI spends at partner merchant locations, EMI cashback rate: 1.25% (Cashback capped at INR 625 per month). 2 cashback points on all other spends, general cashback rate: 0.33%

International Forex Markup

Bank charges Cross Currency mark-up fees of 3.5% on the transaction value

Welcome Benefits and Reward System
Special Features

Reward System: 10 CashPoints on  Amazon, BigBasket , Flipkart, Reliance Smart SuperStore & Swiggy, value of 1 reward point = INR 0.25. Special cashback percentage: 2.5% (Cashback capped at INR 625 per month). 

Eligibility Criteria

Salaried: Nationality: Indian, Age: Min 21 years and maximum 60 years.
Income: Gross monthly salary should be greater than INR 20,000

Self Employed: Nationality: Indian, Age: Min 21 years and maximum 65 years.
Income: ITR > INR 6.0 Lakhs per annum

Benefits
  • Decent special cashback rate.

  • Milestone benefit every quarter. 

Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
  1. HDFC Bank Website: Visit the HDFC Bank website.

  2. Credit Card Section: Click on the "Credit Cards" section.

  3. MoneyBack Plus Card: Select the "MoneyBack Plus Credit Card".

  4. Apply Now: Click on "Apply Now".

  5. Application Form: Fill out the application form with your personal details, income information, and employment details.

  6. Document Upload: Upload scanned copies of the required documents.

  7. Submit Application: Submit the completed application form.

Contact Details

Toll free no. 800 202 6161 / 1860 267 6161

Account Opening and Procedure
HDFC Bank MoneyBack Plus Credit Card

The HDFC Bank MoneyBack Plus Credit Card can be a good option for individuals who want a basic card with cashback on all purchases and additional benefits like fuel surcharge waiver and global acceptance. However, the high interest rate and annual fee are factors to consider before applying. Compare this card with other options to make an informed decision.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

Product Review
Fees & Charges
  • Joining/Renewal Membership Fee – ₹500/-  

  • Reissue of Lost, Stolen or Damaged Card: ₹100

  • Late Payment Charges: Less than Rs. 100 – Nil  Rs. 100 to Rs. 500 – Rs. 100  Rs. 501 to Rs. 5,000 – Rs. 500  Rs. 5,001 to Rs. 10,000 – Rs. 600  Rs. 10,001 to Rs. 25,000 – Rs. 800  Rs. 25,000 to Rs. 50,000 – Rs. 1,100  Above Rs. 50,000 – Rs. 1,300

  • Foreign Currency Markup: 3.5 % of the transacted amount

  • Interest Rates: 3.6% per month (or 43.2% annually) 

  • Cash Advance Charges: 2.5% of the withdrawn amount (subject to a minimum charge of Rs. 500)

  • Rewards Redemption Fee: Rs. 99 per redemption request

Fuel Surcharge

1% Fuel Surcharge waiver on fuel transactions (Minimum transaction of ₹400, Maximum transaction of ₹5,000 & Maximum waiver of ₹250 per statement cycle)

Billing Cycle

30 Days

Fees & Charges
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