HDFC Bank MoneyBack Plus Credit Card

Amar Singh June 22, 2023Last Updated: June 22, 2023

0 9 minutes read

HDFC MoneyBack Plus Credit Card can be considered an enhanced version of the HDFC MoneyBack Credit Card, which was previously issued by HDFC Bank. Although both the MoneyBack cards come with the same joining and annual fees (Rs. 500), the MoneyBack Plus card offers a higher reward rate. With the MoneyBack Plus card, you can earn up to 20 cash points for every Rs. 150 spent. These cash points can be redeemed against outstanding balance, product catalog, airmiles, and various other options. Not only cashback, but you can also earn gift vouchers worth up to Rs. 2,000.

Speaking of the dining benefits provided by the card, you can enjoy discounts of up to 15% when dining at more than 2,000 premium restaurants in the country. The HDFC MoneyBack Plus card allows its customers to save in multiple ways, such as fuel surcharge waiver, expenditure-based annual fee waiver, etc. To understand the features of the card in detail, you can read the complete HDFC MoneyBack Plus Credit Card review provided below.

Joining Fee- Rs. 500 (plus applicable taxes)
Renewal Fee- Rs. 500 (plus applicable taxes)
Best Suited For- Shopping
Reward Type- Reward Points
Welcome Benefits-500 CashPoints

Rewards and Benefits

Movie & Dining- Up to 15% off on dining at over 2,000 premium restaurants.
Rewards Rate- 2 CashPoints for every Rs. 150 you spend on retail purchases, 5X CashPoints per EMI spends at select merchants, 10X CashPoints on partner brands.
Reward Redemption- CashPoints redeemable for cashback, purchasing products, flight/hotel bookings via SmartBuy and partner airlines’ AirMiles
Travel- N/A
Golf- N/A
Domestic Lounge Access- N/A
International Lounge Access- N/A
Insurance Benefits- N/A
Zero Liability Protection- No liability for the cardholder towards the transactions done on a lost/stolen card if the issue is reported to the bank in a timely manner.

Fees & Charges

Spend based Waiver- Renewal fee waived off on spending Rs. 50,000 or more in the previous year
Rewards Redemption Fee- Rs. 99 per redemption request
Foreign Currency Markup- 3.5 % of the transacted amount
Interest Rates- 3.6% per month (or 43.2% annually)
Fuel Surcharge- 1% fuel surcharge waiver applicable on all fuel transactions
Cash Advance Charge- 2.5% of the withdrawn amount (subject to a minimum charge of Rs. 500)
Add-on Card Fee- Nil

Product Details

500 CashPoints on activating the card as a welcome gift.
2 CashPoints for every Rs. 150 you spend with the card (except fuel, wallet reloads, prepaid card reloads and voucher purchases).
5X CashPoints for EMI transactions at select merchant outlets.
10X CashPoints on partner brands including Amazon, Flipkart, Reliance Smart Store, Big Basket and Swiggy.
Gift voucher worth Rs. 500 on spends of Rs. 50,000 in a calendar quarter (max benefit of Rs. 2,000 in a year).
Up to 15% off on dining at over 2,000 premium restaurants in select cities.
Get a waiver on the annual fee on an annual expenditure of a minimum of Rs. 50,000.
A 1% waiver on fuel surcharge.

HDFC MoneyBack Plus Credit Card – Key Highlights

Some of the most important points related to the MoneyBack Plus Credit Card, which is issued by the HDFC Bank, are as follows:

Best Suited For Shopping
Joining/Annual Fee Rs. 500
Eligibility Criteria Minimum age – 21 years.Minimum income – Rs. 20,000 per month
Benefits Up to 20 Cash Points on every spend of Rs. 150
Lounge Access -NA
Cardinsider’s rating- 4.5/5

HDFC Bank MoneyBack Plus Credit Card Features and Benefits

The HDFC MoneyBack+ Card, like the original MoneyBack Card, is one of the popular cashback credit cards available in the Indian market. With this card, you earn cashback as cash points on all categories of expenses. In addition to earning cash points, the card also provides other benefits such as gift vouchers (upon achieving specified expenditure milestones), dining discounts, fuel surcharge waiver, etc.

Welcome Benefits

You get 500 Cash points on joining the card as a welcome benefit.
Each year on card renewal, get 500 cash points.

Milestone Benefits

Earn a gift voucher which is worth Rs. 500 on the expenditure of Rs. 50,000 or more in a qaurter. This means that, you can gift vouchers worth Rs. 2,000 in a year.

Dining Benefits

You get a discount of up to 15% on dining across more than 2,000 premium restaurants on paying through your MoneyBack Plus Credit Card.

Fuel Surcharge Waiver

Get a 1% waiver on the fuel surcharge for fuel purchases when you pay using your HDFC MoneyBack+ Credit Card. The maximum waiver that can be claimed is capped at Rs. 250 per billing cycle.

Spend-Based Renewal Fee Waiver

On spending Rs. 50,000 or more in the last year, get a waiver on the renewal fee of Rs. 500 for HDFC MoneyBack+ Credit Card.

HDFC Bank MoneyBack+ Credit Card Reward Points/Cashback

HDFC MoneyBack+ Credit card offers cashbacks in the form cashpoints for every transaction done with card, following are the cashbacks on different transactions:

10X CashPoints (20 CashPoints per ₹150 spent):

Get 10x Cash Points (20 CPs per Rs. 150) on your spends on Amazon, Flipkart, Big Basket, Reliance Smart Superstore, and Swiggy. The bonus cash points under this category are capped at 2,500 points per month. Note that if a cardholder did an EMI spend on the merchants under 10X CashPoints category, then the cardholder will get 5X CashPoints only.

5X CashPoints (10 CashPoints per Rs. 150 spent):

Get 5x Cash Points (10 CPs per Rs. 150) on EMI spends at selected merchant locations. You can earn cashbacks on Merchant/EasyEMI, Aggregator EMI and for Brand EMI. Note that the only EMI principal amount will be rewarded with CashPoints. The cardholder can earn up to 2,500 cashpoints per month within this category.

2 CashPoints (2 CashPoints per Rs. 150 spent):

Get 2 Cash Points per Rs. 150 spent, also the SmartPay transactions will be considered under 2 CashPoints category. Note that the CashPoints will not be provided for the spends or transactions like, Fuel Spends, Wallet loads, Gift or Prepaid Card load, Voucher purchase, Cash Advances, Payment of Outstanding amount, and Payment of the card fees.

These cashpoints are useful for 2 years from the date of accrual. Also, no Cash Points are accrued on fuel transactions, wallet reloads, and voucher purchases.

Reward Points/Cashback Redemption

1 Cash Point = Re. 0.25 for redemption against statement cash. The points are redeemable against cash credit by login into your net banking account and a minimum of 500 Cash Points are required.
1 Cash Point = Re. 0.25 for redemption against flight/hotel bookings on Smartbuy. Only up to 50% of the booking can be done through the cash points and the rest has to be paid through the cardholder’s account.
1 Cash Point = Re. 0.25 when redeemed against product catalog.
1 Cash Point = 0.25 AirMile for redemption against Airmiles.

HDFC MoneyBack Plus Credit Card Fees and Charges

The following table shows the important fees applicable with the HDFC MoneyBack Plus Credit card:

Fee	Charged
Joining/Annual fee	Rs. 500
Interest Charges	4.6% p.m. (43.2% p.a.)
Foreign Markup Fee	3.5% of the transaction amount
Cash Advance Fee	2.5% (minimum Rs. 500)

Eligibility Criteria for HDFC MoneyBack Plus Credit Card

The following table illustrates the income-based and age-based eligibility criteria for the HDFC MoneyBack+ Credit card-

The age of salaried individuals should be between 21 years to 60 years, with an income of at least Rs. 20,000 per month.
The self-employed individuals should be between 21 years and 65 years of age, with a minimum annual income of Rs. 6 lakhs.
The applicant should be having a decent credit score.

Documents Required

The following are the documents mandated to apply for the HDFC MoneyBack+ Credit Card:

Identity Proof – PAN Card, Passport, Aadhar Card, Driving Licence, Voters’ Id, etc.
Address Proof – Utility bills, Aadhar Card, Passport, Driving Licence, etc.
Income Proof – Latest bank statements/3 months’ salary slips, and latest ITR.

How to apply for HDFC MoneyBack+ Credit Card

An individual can apply for the HDFC MoneyBack+ Credit Card online by visiting the bank’s website and navigating to the credit card application page. To process your application, you will need to submit some documents, including salary slips/ITR returns, identification proof, and address proof.

Alternatively, you can also visit any HDFC branch and complete the application process offline under the guidance of bank officials.

Check Application Status

In case you have already applied for the HDFC MoneyBack Plus card, you can know the status of the application with the following methods:

Visit the HDFC Bank credit card’s application tracking page and check your application status by entering all the required details.
Contact customer care and request the bank officials about the status of your application. They will ask you for a few details and then you will get to know about the progress in your application.
One more way to get the status of the application is by visiting the branch of the bank and asking the bank officials.

Money Back Plus Credit Card Limit

HDFC Bank has not disclosed a specific credit limit for HDFC MoneyBack+ Credit Cardholders because it varies for each individual. The factors that influence your credit card limit include your credit score, previous payment history, income, and more. If you have a high income or an excellent credit score, you are likely to receive a higher credit limit compared to those with lower scores. If you have been assigned a lower credit limit, it is advisable to work on improving your score and consider applying for a credit limit increase. You can contact your bank’s customer service, fill out an online application form for card upgrading, or visit a branch for assistance in this regard.

HDFC MoneyBack Plus Credit Card Activation & PIN Generation

You can activate your HDFC MoneyBack+ Credit Card in any of the following ways:

Generate PIN through ATM: Visit your nearest HDFC Bank ATM and select the PIN generation option from the main menu of the ATM. Follow the instructions to generate your credit card PIN.
Log in to your HDFC Bank Internet Banking account: Log in to your HDFC Bank Internet Banking account and under the credit card section, select the option “Manage your Card” to generate your credit card PIN.
Contact HDFC Bank customer service: You can also contact HDFC Bank customer service and request assistance in generating your credit card PIN. Simply give them a call and ask for help with PIN generation for your credit card.

HDFC MoneyBack Plus Credit Card Bill Payment

To make bill payments for your HDFC Bank MoneyBack+ Credit Card, you can follow the below procedures:

Visit the HDFC Bank’s BillDesk page, enter the required credit card information, and proceed to make the bill payment.
Log in to your HDFC Bank Internet Banking account and navigate to the “Credit Card Payments” section to make the payment for your credit card bill.
If you have a savings account with a bank other than HDFC Bank, you can use the NEFT facility to settle your card bill.
You can also use digital payment service apps such as Paytm, PhonePe, etc., to make payments for your credit card bill.

Please note that these procedures may vary slightly depending on the specific features and options provided by HDFC Bank. It’s advisable to refer to the HDFC Bank website or contact their customer service for precise instructions related to bill payments for your MoneyBack+ Credit Card.

HDFC MoneyBack Plus Card Login / Net Banking

Visit the official website of the HDFC Bank.
Scroll down and under the section ‘Ways to Bank’ and click on ‘Online Banking.’
Click on ‘credit card net banking’ and then ‘Register online.’
Fill in the required information and proceed further.

HDFC MoneyBack+ Credit Card Customer Care

For any emergency-related assistance related to your HDFC Bank MoneyBack Plus Credit Card, you can call on the 24*7 helpline number, which is 1800 266 4332.
To send your queries via email, contact the HDFC Bank credit card customer care at customerservices.cards@hdfcbank.com.

Conclusion:

The HDFC Bank MoneyBack+ Credit Card can be seen as an excellent card for regular expenses, given its attractive reward offers and redemption options. Being one of the fundamental yet popular HDFC credit cards, it provides a fantastic reward rate of up to 3.33%, which can help you save significantly. In addition to regular cash points (2 on every Rs. 150 spent), the card also offers 5,000 bonus cash points every month.

Furthermore, based on your annual spending, you can earn exciting gift vouchers every quarter and have the annual fee waived for the card. All these basic yet remarkable features make it worth considering. If you are in need of a card that helps manage your day-to-day expenses, this card would be a significant option. After reading the aforementioned review of the HDFC Bank MoneyBack+ Credit Card, please share your thoughts on the card in the comment section below.

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