HDFC Bank MoneyBack Plus Credit Card, Rewards and Benefits, Joining Fees & Charges, Apply Online
The HDFC Bank MoneyBack Plus Credit Card is an upgraded version of the HDFC MoneyBack Credit Card, offering enhanced rewards and benefits. Despite having the same joining and annual fee of Rs. 500 as its predecessor, the MoneyBack Plus card provides a higher reward rate. For every Rs. 150 spent, cardholders can earn up to 20 cash points, which can be redeemed against the card’s outstanding balance, a product catalog, Airmiles, and other options. Additionally, reaching specified spend milestones can earn you gift vouchers worth up to Rs. 2,000.
In terms of dining benefits, the card offers a discount of up to 15% at over 2,000 premium restaurants across the country. The HDFC MoneyBack Plus card provides various ways to save, including a fuel surcharge waiver, spend-based annual fee waiver, and more. For a detailed understanding of the card’s features, refer to the comprehensive HDFC MoneyBack Plus Credit Card Review below.
| Fees | Joining Fee- Rs. 500+ GST Renewal Fee- Rs. 500+ GST |
| Best Suited For | Shopping |
| Reward Type | Reward Points |
| Welcome Benefits | 500 CashPoints |
Rewards and Benefits
- The HDFC Bank MoneyBack Plus Credit Card offers a range of benefits, making it a valuable addition to your wallet. With up to 15% off at over 2,000 premium restaurants, dining becomes a delightful experience. Additionally, the card rewards you with 2 CashPoints for every Rs. 150 spent on retail purchases, 5X CashPoints per EMI spends at select merchants, and 10X CashPoints on partner brands.
- You can redeem these CashPoints for cashback, purchasing products, and booking flights/hotels via SmartBuy and partner airlines’ AirMiles. The card also provides zero liability protection, ensuring you’re not liable for transactions on a lost/stolen card if reported to the bank promptly.
- While the card doesn’t offer specific travel, golf, or lounge access benefits, its focus on cashback and rewards makes it an excellent choice for those looking to save on everyday purchases.
Fees & Charges
- Spend Based Waiver- Enjoy a renewal fee waiver by spending Rs. 50,000 or more in the previous year.
- Rewards Redemption Fee- A nominal fee of Rs. 99 per redemption request.
- Foreign Currency Markup- A competitive foreign currency markup of 3.5% on the transacted amount.
- Interest Rates- An interest rate of 3.6% per month (or 43.2% annually).
- Fuel Surcharge- Get a 1% fuel surcharge waiver on all fuel transactions.
- Cash Advance Charges- A cash advance fee of 2.5% of the withdrawn amount (subject to a minimum charge of Rs. 500).
- Add-on Card Fee- No fee for add-on cards.
Product Details
- 500 CashPoints are offered as a welcome gift upon activating the card.
- Earn 2 CashPoints for every Rs. 150 spent with the card, excluding fuel, wallet reloads, prepaid card reloads, and voucher purchases.
- Get 5X CashPoints for EMI transactions at select merchant outlets.
- Earn 10X CashPoints on partner brands, including Amazon, Flipkart, Reliance Smart Store, Big Basket, and Swiggy.
- Receive a gift voucher worth Rs. 500 on spending Rs. 50,000 in a calendar quarter (maximum benefit of Rs. 2,000 per year).
- Enjoy up to 15% off on dining at over 2,000 premium restaurants in select cities.
- Avail a waiver on the annual fee upon annual expenditure of a minimum of Rs. 50,000.
- Get a 1% waiver on fuel surcharge.
HDFC Bank MoneyBack Plus Credit Card – Overview
The HDFC MoneyBack Plus Credit Card is an upgraded version of the HDFC MoneyBack Credit Card, offering enhanced rewards and benefits. With a similar joining and annual fee of Rs. 500, this card provides a higher reward rate, making it more attractive for cashback enthusiasts. Cardholders earn CashPoints on all transactions, which can be redeemed against the outstanding balance, product catalog, Airmiles, and more.
Key Features and Benefits:
Welcome Benefits:
- Receive 500 CashPoints as a welcome gift upon card activation.
- Earn an additional 500 CashPoints on card renewal each year.
Milestone Benefits:
- Get a Rs. 500 gift voucher on spending Rs. 50,000 or more in a quarter, up to a maximum of Rs. 2,000 in a year.
Dining Benefits:
- Enjoy up to 15% off at over 2,000 premium restaurants when paying with the MoneyBack Plus Credit Card.
Fuel Surcharge Waiver:
- Avail a 1% waiver on fuel surcharge for fuel purchases, up to Rs. 250 per billing cycle.
Spend-Based Renewal Fee Waiver:
- Receive a waiver on the renewal fee of Rs. 500 by spending Rs. 50,000 or more in the previous year.
Reward Points/Cashback:
10X CashPoints (20 CashPoints per Rs. 150):
- Earn 10X CashPoints (20 CPs per Rs. 150) on spends at select merchants like Amazon, Flipkart, Big Basket, and more, capped at 2,500 points per month.
5X CashPoints (10 CashPoints per Rs. 150):
- Get 5X CashPoints (10 CPs per Rs. 150) on EMI transactions at selected merchant outlets, up to 2,500 cashpoints per month.
2 CashPoints (2 CashPoints per Rs. 150):
- Earn 2 CashPoints per Rs. 150 on all other transactions, excluding fuel spends, wallet reloads, and voucher purchases.
Reward Points/Cashback Redemption:
- 1 Cash Point = Re. 0.25 for redemption against statement cash.
- 1 Cash Point = Re. 0.25 for redemption against flight/hotel bookings on Smartbuy.
- 1 Cash Point = Re. 0.25 when redeemed against the product catalog.
- 1 Cash Point = 0.25 AirMile for redemption against Airmiles.
Note: CashPoints are valid for 2 years from the date of accrual. No Cash Points are accrued on fuel transactions, wallet reloads, and voucher purchases.
HDFC MoneyBack Plus Credit Card – Overview
The HDFC MoneyBack Plus Credit Card is an upgraded version of the HDFC MoneyBack Credit Card, offering enhanced rewards and benefits. With a similar joining and annual fee of Rs. 500, this card provides a higher reward rate, making it more attractive for cashback enthusiasts. Cardholders earn CashPoints on all transactions, which can be redeemed against the outstanding balance, product catalog, Airmiles, and more.
Eligibility Criteria for HDFC MoneyBack Plus Credit Card
The eligibility criteria for the HDFC MoneyBack Plus Credit Card are as follows:
- Salaried individuals should be aged between 21 years to 60 years, with a minimum income of Rs. 20,000 per month.
- Self-employed individuals should be aged between 21 years and 65 years, with a minimum annual income of Rs. 6 lakhs.
- Applicants should have a decent credit score.
Credit Limit
The credit limit assigned to the HDFC MoneyBack Plus Credit Cardholders varies based on factors like credit score, past payment history, income, etc. High-income individuals or those with excellent credit scores are likely to receive a higher credit limit.
Card Activation & PIN Generation
You can activate your HDFC MoneyBack Plus Credit Card and generate the PIN through an HDFC Bank ATM, internet banking, or by contacting customer care.
Bill Payment
You can make HDFC MoneyBack Plus Credit Card bill payments through HDFC Bank’s billdesk, internet banking, NEFT, or digital payment apps like Paytm, PhonePe, etc.
Login / Net Banking
Register your HDFC MoneyBack Plus Credit Card for internet banking on the HDFC Bank website to manage your card online.
Rewards and Offers
The HDFC MoneyBack Plus Credit Card offers rewards such as 500 CashPoints as a welcome gift, 2 CashPoints for every Rs. 150 spent, and bonus cash points on select transactions.
Customer Care
For customer care assistance related to your HDFC Bank MoneyBack Plus Credit Card, you can call the 24*7 helpline number or send queries via email.
Conclusion
The HDFC MoneyBack Plus Credit Card is a great choice for those looking to earn rewards on their everyday spends. With its attractive reward rate and redemption options, it offers value for money. The card’s features, including bonus cash points, gift vouchers, and waiver of annual fee, make it a compelling option for managing expenses. Share your thoughts on the HDFC MoneyBack Plus Credit Card in the comments below after reviewing this article.
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