HDFC Bank MoneyBack Plus Credit Card
MyRupaya Ratings
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
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?
HDFC Bank Website: Visit the HDFC Bank website.
Credit Card Section: Click on the "Credit Cards" section.
MoneyBack Plus Card: Select the "MoneyBack Plus Credit Card".
Apply Now: Click on "Apply Now".
Application Form: Fill out the application form with your personal details, income information, and employment details.
Document Upload: Upload scanned copies of the required documents.
Submit Application: Submit the completed application form.
Contact Details
Toll free no. 800 202 6161 / 1860 267 6161
Account Opening and Procedure
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
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.
Low general cashback rate.
Limited value add benefits.
No lounge visit.
No free movie tickets.
HDFC Bank Biz Power Credit Card
The card is a premium credit card with a number of value add features. This card offers cashback on even tax and GST payment. Overall it is a must have card for small business owners/ freelancers.
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