The closest competitors of this credit card are HDFC’s two other cards- Moneyback and Millennia. HDFC Moneyback is good for overall online spends but the reward rate is not impressive as compared to the Moneyback+ variant. On the other hand, HDFC Millennia is quite an impressive alternative as the rewards to cashback ratio also stands strong at 1:1. However, HDFC Millennia charges double the fee at Rs. 1,000. Moneyback+ however is still a good choice for beginners looking for accelerated rewards on their frequent online spends with the partnered brands. The features are satisfactory for a low annual fee of Rs. 500, that can be well utilized with an affordable fee waiver limit of just Rs. 50,000 per year.
HDFC Bank
HDFC MoneyBack+ Credit Card
Shopping
Reward Points
1st Year Fee: ₹500* Plus Applicable Taxes
Entry-level
Low annual fee of Rs. 500
Rewards
Up to 10x rewards on multiple brands
Dining
Up to 20% off via Swiggy Dineout
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About HDFC MoneyBack+ Credit Card
HDFC Moneyback+ Credit Card is an upgraded variant of the existing Moneyback Card, offering benefits in the form of reward points across various categories. It is an entry-level card focused toward beginners as it comes with easy income eligibility of Rs. 25,000 per month.
The card offers benefits on some of the most practical everyday categories. It covers groceries with BigBasket offer, lifestyle expenditure with Flipkart and Amazon, dining with Swiggy and other departmental store purchases via Reliance Smart SuperStore.
Reward Benefits
The card offers rewards in the form of cashpoints as follows:
- 10X CashPoints: 20 per Rs. 150 on Flipkart, Amazon, Swiggy, Reliance Smart SuperStore and BigBasket1
- 5X CashPoints: 10 per Rs. 150 on EMI spend at merchant locations2
- 2 CashPoints per Rs. 150 spent on other categories3
- 1 cash point = Rs. 0.25.
- Redemption options4:
- Cashback 5
- Unified SmartBuy (Flights/Hotels) 6
- Product Catalogue 7
- Airmiles
Other Features & Benefits
- 500 CashPoints on payment of joining fee
- 500 CashPoints on payment of renewal fee
- Gift voucher worth Rs. 500 on reaching quarterly spends of Rs. 50,000 or more
- 1% fuel surcharge waiver on a minimum transaction of Rs. 400 and a maximum transaction of Rs. 5,000, up to Rs. 250 per statement cycle.
- Up to 20% off on partner restaurants via Swiggy Dineout.
- Zero Lost Card Liability covering loss and fraud on the card. Report the loss immediately to 24×7 HDFC Bank Credit Card customer care.
- EMI Conversion option to convert big purchases into easy EMIs post-purchase.
- The card also enables contactless payments without entering the Credit Card PIN for up to a maximum of Rs. 5,000 for a single transaction.
Accelerated rewards and dining discounts on Swiggy can be of great advantage to users spending a considerable amount each month on online food delivery and dining.
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₹500 Plus Applicable Taxes
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Waived off on annual spends of Rs. 50,000Need Help understanding?
HDFC MoneyBack+ : Charges
| Fee Type | Amount | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 500 | ||||||||||||||||||
| Annual Fee | Rs. 500 | ||||||||||||||||||
| Finance Charges | 3.75% p.m. | 45% p.a. | ||||||||||||||||||
| Late Payment Charges |
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Things to Know Before you apply
Get this card if:
You frequently make purchases from the partner brands- Flipkart, Amazon, Swiggy, etc.
You are not looking for travel benefits or already have a travel credit card
You want a card that offers benefits in the form of reward points and does not charge high annual fee
Eligibility Requirements
Age: 21 to 60 years (Max. 65 years for self-employed)
Income: For Salaried: Rs. 20,000 p.m | For Self-employed: ITR > Rs. 6 lakh p.a.
Basic income, identity and address proofs
Paisabazaar Review
What do we like about this card?
Users can earn accelerated reward points on some of the most popular brands like Amazon, Flipkart, BigBasket, Swiggy and more. Unlike most entry-level cards, Moneyback+ offers extra rewards on EMI spends which makes it a good option for high-ticket spends as well.
Pros
- 10X points on popular platforms, like Amazon, Flipkart & Swiggy
- Low annual fee with easy spend-based waiver condition
- Multiple options to redeem Cash Points
Cons
- Low conversion rate of 1 Cash Point = Rs. 0.25
- No travel benefits
Conclusion
This card can be a great choice for users seeking a low-annual fee card with benefits on multiple everyday spends via co-branded association. The card extends savings on online shopping via Amazon & Flipkart, on dining via Swiggy and on groceries through Reliance Smart SuperStore and BigBasket. But it does not offer any travel benefits and redemption value is also low. Thus, users willing to pay a slightly higher fee can definitely find better options.
Frequently Asked Questions
Everything you need to know about this credit card
As per the terms and conditions associated with the HDFC MoneyBack+ Credit Card, the card caps the maximum CashPoints that you can earn in a month. The maximum capping for transactions under 10X CashPoints on selected brands (as mentioned above) and for 5X CashPoints on EMI spends is 2,500 CashPoints.
Yes, the bank allows you to withdraw cash using your HDFC Bank MoneyBack+ Credit Card. However, the bank charges a cash advance fee of 2.5% of the withdrawn amount or a minimum of Rs. 500 (whichever is higher) for withdrawing cash via your credit card. Hence, it is advisable not to withdraw cash using your credit card as it incur higher charges.
No, you can earn a fuel surcharge waiver of 1% on your transactions between Rs. 400 to Rs. 5,000. Also, you can earn a maximum waiver of Rs. 250 in a statement cycle. This waiver can be availed on your transactions across any petrol pump in the country, wherever this credit card is acceptable.
You can apply for this card directly with the issuer, or with Paisabazaar by providing details on the application form available at the top of this page.
Footnotes
- Under the 5X and 10X category, users can earn a maximum of 2,500 CashPoints in a calendar month. CashPoints on grocery transactions are capped at 1,000 CashPoints in a month.
- EMI transactions, even if made with the 10X category merchants, will only earn 5X CashPoints.
- Exclusions from rewards program: fuel, wallet reload, prepaid card loads, voucher purchases, Rent payments and Government related transactions.
- Reward points have a validity of two years.
- A minimum of 2,000 CashPoints (worth Rs. 500) must be available for redemption against statement balance; maximum capping per month: 50,000 cashpoints.
- For redemption against travel bookings via the SmartBuy portal, users can redeem up to a maximum of 50% of the booking value through CashPoints; maximum capping per month: 50,000 cashpoints.
- Users can redeem up to 70% of product or voucher value through cash point on select vouchers/products.
Megha Khanna
Megha is an experienced writer with a specialization in credit cards and personal finance. With a keen eye for detail and a passion for helping readers make informed financial choices, she creates engaging content that demystifies the complexities of credit cards, from rewards and benefits to interest rates and fees.
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