MoneyBack Credit Card
Rewards & Benefits
Welcome Benefits
Users will receive 500 cash points on payment of membership fees.
Milestone Benefits
Milestone Benefit: Every quarter, users can get a gift voucher worth Rs 500 on spends of Rs 50,000. Up to Rs 2,000 worth of gift vouchers in a year.
Cashback Rate
1 reward point = ₹0.20.
Users will get 2 reward points for every Rs 150 spent. Effective cashback rate 0.4%
2X reward points i.e. 4 reward points for every Rs. 150 spent online.. Online cashback rate: 0.8%.
Movie Benefits
Dining Benefits
Other Benefits
Revolving credit facility available.; Fuel Surcharge waiver benefit available.
Lounge Access
Fees & Charges
Joining Fee
Annual Fee
Cash Advance Fee
Cash advance fee: 2.5%, with a minimum of ₹ 500.
Interest rate
3.6% per month (43.2% per annum)
Late Payment Fee
Late Payment Charges: Less than ₹100 = Nil ₹100 to ₹500 = ₹100/- ₹501 to ₹5,000 = ₹500/- ₹5,001 to ₹10,000 = ₹600/- ₹10,001 to ₹25,000 = ₹800/- ₹25,001 to ₹50,000 = ₹1100/- More than ₹50,000 = ₹1300/-
Foreign Currency Transactions Fee
Foreign Currency Transactions Fees: 3.5%.
Other Fees
Joining/Renewal Membership Fee – Rs. 500/- + Applicable Taxes. | Reward Redemption Fees: Rs. 99/-
दोष
Lower cashback rate:
Compared to other cashback cards in the market, the cashback rate offered by HDFC MoneyBack is relatively lower.
Fuel transactions are not eligible for earning rewards, which can be a significant drawback for frequent fuel users.
Limited rewards redemption options:
While the card offers cashback as a redemption option, it lacks flexibility in terms of other reward options.
Some users might prefer cards with more diverse reward redemption options, such as travel miles or gift cards to specific retailers.
Welcome Benefit: Users will receive 500 cash points on payment of membership fee.
Reward System: Users will get 2 reward points for every Rs 150 spent. 2X reward points i.e. 4 reward points for every Rs. 150 spent online. 1 reward point = ₹0.20. Effective cashback rate 0.4%. Online cashback rate: 0.8%.
Milestone Benefit: Every quarter, users can get a gift voucher worth Rs. 500 on spends of Rs 50,000. Up to Rs. 2,000 worth of gift vouchers in a year.
Revolving credit facility available.
Exclusive dining privileges are available like Up to 20 % savings on all restaurant bill payments via Swiggy Dineout (20k + restaurants).
Fuel Surcharge waiver benefit available.
पक्ष विपक्ष
Welcome Benefits
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पुरस्कार प्रणाली
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अंतर्राष्ट्रीय विदेशी मुद्रा मार्कअप
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स्वागत लाभ और पुरस्कार प्रणाली
विशेष लक्षण
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Eligibility Criteria
For Salaried Indian national
Age: Min 21 yrs & Max 60 Yrs,
Gross Monthly Income> ₹25,000
For Self Employed Indian national
Age: Min 21 yrs & Max 65 Yrs,
Income: ITR > ₹6.0 Lakhs per annum
विशेष विशेषता, पात्रता और लाभ
क्रेडिट कार्ड के लिए आवेदन कैसे करें?
Go to the HDFC Bank website and click on the "Credit Cards" tab.
Click on the "MoneyBack Credit Card" link.
Click on the "Apply Now" button.
Fill out the application form and submit it.
Here are the documents that you need to submit along with your application form:
Proof of identity (e.g., passport, driving license, PAN card) Proof of address (e.g., bank statement, utility bill) Proof of income (e.g., salary slip, tax return)
The processing time for the application is usually 7-10 working days.
Once your application is approved, you will receive the card in the mail within 15-20 working days.
सम्पर्क करने का विवरण
1800 202 6161 or 1860 267 6161,
send an SMS to 730 8080 808,
or even use WhatsApp to send a message to 707 0022 222.
खाता खोलने की प्रक्रिया और प्रक्रिया
विशेष विशेषता, पात्रता और लाभ
Pros:-
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Cons:-
Welcome Benefit: Users will receive 500 cash points on payment of membership fee.
Reward System: Users will get 2 reward points for every Rs 150 spent. 2X reward points i.e. 4 reward points for every Rs. 150 spent online. 1 reward point = ₹0.20. Effective cashback rate 0.4%. Online cashback rate: 0.8%.
Milestone Benefit: Every quarter, users can get a gift voucher worth Rs. 500 on spends of Rs 50,000. Up to Rs. 2,000 worth of gift vouchers in a year.
Revolving credit facility available.
Exclusive dining privileges are available like Up to 20 % savings on all restaurant bill payments via Swiggy Dineout (20k + restaurants).
Fuel Surcharge waiver benefit available.
Lower cashback rate:
Compared to other cashback cards in the market, the cashback rate offered by HDFC MoneyBack is relatively lower.
Fuel transactions are not eligible for earning rewards, which can be a significant drawback for frequent fuel users.
Limited rewards redemption options:
While the card offers cashback as a redemption option, it lacks flexibility in terms of other reward options.
Some users might prefer cards with more diverse reward redemption options, such as travel miles or gift cards to specific retailers.
If you are new to credit and want to get started, you can apply for this credit card. In comparison to the annual cost, the perks provided by this credit card are fairly excellent.
If you are new to credit and want to get started, you can apply for this credit card. In comparison to the annual cost, the perks provided by this credit card are fairly excellent.
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
उत्पाद समीक्षा
फीस एवं प्रभार
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ईंधन अधिशुक्ल
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Billing Cycle
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