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Money-Back Credit Card HDFC

Updated: Apr 12

HDFC MoneyBack Credit Card Review

Finding a credit card that combines benefits, cost, and flexibility in the ideal ratio might be likened to unearthing a buried treasure. The HDFC MoneyBack Credit Card stands out among the many options available because it gives cardholders access to a world of rewards and convenience while also serving as a beacon of financial empowerment.

We set out to investigate and analyse the HDFC MoneyBack Credit Card in this blog post, going in-depth with its features, advantages, and possible disadvantages. Whether you're a seasoned credit card enthusiast looking to maximise your rewards program or a novice navigating the confusing world of credit options, our study attempts to offer insightful information to support your decision-making.

Come along as we explore the features, benefits, and compatibility of the HDFC MoneyBack Credit Card for a range of spending patterns and lifestyles. This review seeks to highlight this card's many advantages, from cashback incentives to support your regular expenditures to special privileges that improve your eating and shopping experiences.

So let's get started and see how the HDFC MoneyBack Credit Card can help you achieve financial wealth if you're prepared to go on a financial exploration adventure and find all of its potential.

Features and Benefits

The HDFC MoneyBack Credit Card is a financial tool designed to reward users for their spending. It is particularly beneficial for those who prefer cashback as a form of reward over other types of rewards such as travel miles or points. Here's a detailed look at the features and benefits of the HDFC MoneyBack Credit Card:

Key Features:

  • CashPoints Accumulation: Cardholders earn 2 Reward Points for every ₹150 spent on routine purchases. Earn 2X Reward Points i.e. 4 Reward Points on every Rs. 150 spent online.

  • Quarterly Spend-Based Benefits: A ₹500 gift voucher is awarded for every ₹50,000 spent per calendar quarter, encouraging consistent use of the card.

  • Dining Privileges: Up to 20% discount at partner restaurants via Swiggy Dineout, enhancing the dining experience for food enthusiasts.

  • Fuel Surcharge Waiver: A 1% fuel surcharge waiver on fuel transactions within specified limits, which can lead to substantial savings for regular commuters.

Additional Benefits:

  • Zero Lost Card Liability: Offers protection against fraudulent transactions in case the card is lost, provided the loss is reported immediately to the bank's call center.

  • Interest-Free Credit Period: Cardholders can enjoy up to 50 days of interest-free credit, which is beneficial for managing cash flow and avoiding interest charges.

  • Revolving Credit: The option of revolving credit is available at a nominal interest rate, allowing users to carry forward their balances to the next billing cycle.

  • Contactless Payments: The card supports contactless payments for quick and secure transactions at retail outlets, with a limit of ₹5000 per transaction in India.

Welcome and Renewal Benefits:

  • Welcome Benefit: New cardholders receive 500 CashPoints upon payment of the membership fee.

  • Renewal Offer: The renewal membership fee can be waived off by spending ₹50,000 or more in an annual year.

Smart EMI Feature:

  • Big Purchase Conversion: The card comes with an option to convert large purchases into EMIs after the purchase, providing flexibility in repayment.

The HDFC MoneyBack Credit Card is a versatile card that caters to a wide range of spending habits, offering tangible rewards in the form of cashback. It is especially advantageous for those who frequently shop online or dine out. The card's benefits are designed to provide value back on everyday spending while also offering features that enhance convenience and security.

For individuals looking to maximize their savings on routine expenditures, the HDFC MoneyBack Credit Card could be a suitable choice. It combines the practicality of cashback with additional perks that can enrich the cardholder's spending experience.

Potential Drawbacks

  • Low Cashback Rate: Compared to other cashback cards in the market, HDFC Moneyback offers a meager rate. You earn just 2 reward points for every Rs. 150 spent, translating to a maximum cashback of 0.8%. This can be significantly lower than cards that offer 1% or more cashback.


  • Limited Reward Earning: Fuel transactions, a common spending category for many, are excluded from reward point accumulation. This further reduces the potential cashback you can earn.


  • Reward Redemption Fee: Unlike some cashback cards with free redemptions, HDFC charges a Rs. 99 fee if you choose to redeem your points for vouchers or merchandise from their catalog. This eats into your already low rewards.


  • No Premium Benefits: The card lacks perks like airport lounge access or travel insurance, commonly found in cards with similar annual fees. If you travel frequently, this card won't provide any additional benefits.


  • Short Reward Validity: The earned reward points expire in just 2 years. This can be a disadvantage if you're someone who doesn't use their credit card regularly and might forget about accumulated points.


To sum up, the HDFC MoneyBack Credit Card is a sensible option for anyone who want rewards and ease of use from their financial instruments. Its simple reward programme allows customers to get a return on their regular purchases, which makes it a desirable choice for frequent shoppers. Extra perks like retail discounts and exemptions of fuel surcharges offer value to the card, but make sure it fits your spending habits by weighing them against the annual fee. If the HDFC MoneyBack Credit Card fits your spending habits and way of life, it can be a wise addition to your wallet overall. Prospective users should carefully review the terms and conditions and take into account their individual financial circumstances before making a decision, just like with other financial product.

HDFC Credit Cards

HDFC Credit Cards offer a diverse range of options catering to different needs, which can make them a valuable financial tool for many. The worth of a credit card from HDFC Bank can be assessed based on the specific benefits it provides in relation to the user's spending habits and lifestyle preferences. For instance, cards like the HDFC Diners Club Privilege and Regalia Credit Card are designed for those who spend frequently on travel and dining, offering reward points and luxury travel benefits. On the other hand, the HDFC Moneyback+ and Millennia Credit Cards are more suited for online shoppers, providing cashback on various online transactions.

Ultimately, whether an HDFC Credit Card is worth it depends on how well the card's benefits align with the individual's spending patterns and whether the rewards and savings outweigh the costs associated with the card. It's advisable to compare the features, benefits, and charges of different HDFC Credit Cards to determine which one aligns best with one's financial behavior and goals.


Q: What is the interest rate on HDFC Moneyback Credit Card?

The interest rate on HDFC Moneyback Credit Card can vary depending on your creditworthiness, but it typically falls around 3.49% per annum [HDFC Moneyback Credit Card Interest Rate].

Q: Who is eligible for the HDFC Moneyback Credit Card?

To be eligible for the HDFC Moneyback Credit Card, you must:

  • Be an Indian citizen between 21 and 65 years old (depending on employment type).

  • Have a minimum gross monthly salary of Rs. 20,000 (salaried) or Rs. 6 lakhs annually (self-employed).

  • Meet HDFC Bank's creditworthiness criteria.

Q: What are the reward points like with this card?

You earn 2 reward points for every Rs. 150 spent on most categories except fuel, wallet loads, and voucher purchases. You can earn double reward points (4 points per Rs. 150) on online shopping. There's also a quarterly milestone benefit where spending Rs. 50,000 gets you a Rs. 500 e-voucher.

Q: How much cashback can I earn with the reward points?

Every 100 reward points translate to Rs. 20 cashback. However, there's a minimum redemption limit of 500 points.

Q: Are there any fees associated with the card?

The HDFC Moneyback Credit Card has a joining fee of Rs. 500, which can be waived if you have an existing HDFC savings account or meet specific annual spending criteria. An annual fee of Rs. 500 applies from the second year onwards, subject to a waiver under similar conditions. Additionally, there's a Rs. 99 fee for redeeming rewards as vouchers or merchandise.

Q: What are the benefits of the HDFC Moneyback Credit Card besides cashback?

The card offers a 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 5,000 (up to Rs. 250 per billing cycle), zero lost card liability if reported promptly, and an interest-free period of up to 50 days on purchases.

Q: How do I apply for the HDFC Moneyback Credit Card?

You can apply for the HDFC Moneyback Credit Card online through the HDFC Bank website or by visiting a branch. You'll need to submit KYC documents, income proof, and a completed application form.

Q: What documents do I need to apply for the card?

For KYC verification, you'll need your PAN card, address proof, and ID proof. Additionally, you'll need documents like salary slips or Form 16 (for salaried individuals) to prove your income.

Q: Is there a minimum spending requirement to keep the card active?

No, there is no minimum spending requirement to keep the HDFC Moneyback Credit Card active. However, to waive the annual fee in subsequent years, you might need to meet a specific annual spending threshold.

Q: How long do my reward points on the HDFC Moneyback Credit Card remain valid?

Reward points earned on the HDFC Moneyback Credit Card expire in 2 years from the date they are credited to your account.


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