HDFC MoneyBack Credit Card

One of the well-known starting point credit cards in India that gives cashback on every purchase is HDFC Moneyback. Given that it offers greater benefits for online purchases, this is the best choice if you regularly shop online. If you are a starter and want to begin building credit, you are eligible for this credit card. The perks offered by this credit card are reasonably good in comparison to the annual charge. This in-depth analysis of the HDFC Moneyback Credit Card will help you determine whether it is the right option for you.

With the HDFC Moneyback credit card, you can receive cash back and points for rewards on certain types of purchases, making it a special cashback credit card.

To pay down the balance on your credit card, you can apply the cash back and reward points to your statement balance. As an alternative, you can use the collected cash back and reward points to reserve hotel or travel reservations, buy goods or gift cards online through HDFC Bank’s SmartBuy platform, and more.

Other features of the HDFC Moneyback credit card include a spend-based waiver, contactless payment methods, gift cards for reaching milestone expenditures, and a waiver of the fuel surcharge, among others. The card offers a Fuel Surcharge Waiver in addition to being extremely safe and secure to use. It is equipped with cutting-edge chip technology, which reduces the likelihood of card misuse.

HDFC Moneyback Credit Card Fees And Charges

Type of fee/charge	Amount
Joining fee	Rs.500
Annual fee	Rs.500
Interest rate	3.49% per month
Cash withdrawal fee	2.5% of the withdrawn amount (Minimum Rs.500)
Cash advance limit	40% of the credit limit
Rewards redemption fee	Rs.99 per request
Late payment charges	Less than Rs.100 – NoneRs.100 to Rs.500 – Rs.100Rs.501 to Rs.5,000 – Rs.400Rs.5,001 to Rs.10,000 – Rs.500Rs.10,001 and above – Rs.750
Over limit charges	2.5% of the over-limit amount (minimum Rs.500)
Payment return charges	2% of payment amount (minimum Rs.450)
Cash processing fee	Rs.100
Reissue of lost, stolen or damaged card	Rs.100
Foreign currency transaction fee	3.5%
Outstation cheque processing charge	Cheque value of up to Rs.5,000 – Rs.25 Cheque value of more than Rs.5,000 – Rs.50

Features And Benefits Of HDFC Moneyback Credit Card

Learn how much you can save by using this HDFC credit card by reading through its interesting advantages.

Welcome Benefits

• As a welcome bonus for using the Money Back Credit Card, take advantage of 500 cash points.
• The payment of the membership fees is a requirement for receiving this benefit.

Earn Reward Points

• For every 150 yen worth of purchases, earn 2 reward points.
• Reward Points can be accumulated and redeemed for Cash Back against the balance on your credit card.
• There are 20 reward points for every 100.
• Additionally, you may exchange your reward points for wonderful presents, airline miles, and tempting deals from HDFC’s all-exclusive gift catalog.
• For every Rs.150 purchased online, you receive 4 reward points. You can use your credit card to earn up to 500 reward points in this category each statement cycle.
• On purchases of petrol, gift cards, prepaid cards, and wallet reloads, no reward points are given.
• The reward points you accumulate with this card are good for two years after the date of accumulation.

How To Redeem Your Reward Points?

• You can exchange the reward points you’ve accrued on your HDFC MoneyBack credit card for cash. These points can be redeemed against the balance of your statement at the rate of 1 reward point = Rs 0.20. To redeem reward points against a statement balance, you must have a minimum of 2500 points and a cap of 50,000 points every month.
• At the SmartBuy reward platform, where 1 Reward Point is worth Rs 0.25, you can use your Reward Points to get travel perks when booking flights and hotels. Only 50% of the total booking value may be redeemed using reward points; the remaining 50% must be paid using a credit card. A maximum of 50,000 in rewards can be redeemed each month against hotel and airline reservations.
• Up to 70% of the entire value of products and vouchers may be redeemed using reward points, where 1 reward point equals 0.25 rupees, and the other 30% must be paid with a credit card.

ELEMENT	REWARD	SPEND (IN ₹)	TIMELINE
First-year membership fee	Waived	20,000	< 90 days
Gift certificate	₹500	50,000+	1 calendar quarter
Renewal fee cost	Waived	50,000+	In the first year

Steps To Redeem Your HDFC Moneyback Credit Card Reward Points

The following are some ways that you can use the reward points on your Moneyback credit card:

• Concerning the billing statement at the rate of Rs. 0.20 per point.
• At the SmartBuy Rewards Portal, each reward point is worth Rs. 0.25.
• Reservations for travel (hotels and flights) up to 50% of the total transaction value.
• Pay with points up to 70% of the cost of some products and gift cards.
• Redeem as a cash rebate.

Remember that you must have at least 2500 points to redeem against your billing statement. There is also a redemption fee for all requests, except for cashback. The same can be verified while applying.

Milestone Benefits

• Reach the milestone of INR 50,000 in spending each quarter to receive a gift certificate for INR 500.
• A year’s worth of gift certificates is up to 2000.
• Spend 50,000 in one year and the renewal price is free.

Fuel Surcharge Waiver

• On all fuel purchases over 400, take advantage of a fuel surcharge waiver of up to 1%.
• The maximum Cash Back allowed under this promotion is Rs. 250 every statement cycle.

Smart EMI

• On the HDFC Money Back Credit Card, you can turn transactions or credit card bills into EMIs.
• The EMI payback period ranges from six months to twenty four months.

Safe And Secure Transactions

• Using this card makes your transactions safer and more secure.
• Because HDFC cards are chip-enabled, all of your transactions are safer.
• These cards can be swiped or dipped at a point of sale (POS) with chip technology.

Zero Liability On Lost Card

• You can contact the 24-hour call centre service that HDFC offers right away if your HDFC Moneyback Credit Card is lost.
• The fraudulent transactions carried out using your card are not your fault.

Instant Free Credit

• Enjoy a 50 days long interest-free period from the date of purchase.
• The availability of this facility depends on the submission of the charge by the Merchant.

Eligibility Criteria For HDFC Moneyback Credit Card

For Salaried	The age range for salaried workers is 21 to 60 years.
For Self-Employed	It ranges from 21 to 65 years for self-employed people.

Monthly Income

• INR 25000 per month for Salaried Individuals.
• An ITR of 6 lac rupees or more for self-employed people.

Necessary Documents Required For HDFC Moneyback Credit Card

The list of necessary documents required to apply for this credit card is:

• ID Proof- Copy of Passport/ PAN Card/ UID/ Driving License/ Voter’s ID Card
• Income documentation includes the most recent Form 16 or Salary Slip (for individuals working in PSU government agencies).
• Address Proof- Copy of Passport/ Fixed Line Bill/ Electricity Bill/ UID/ Bank Passbook of a PSU bank
• Colored Photographs
• Copy of PAN Card
• Bank Statement for the last 3 months

HDFC Moneyback Credit Card Limit

Each applicant’s HDFC Moneyback Credit Card credit limit would be different. The bank will decide the card’s credit and cash limits individually for each applicant. The credit limit for a merchant will be determined by the principal applicant’s credit score, the credit report, and the payback history of prior and current obligations.

Should You Apply For HDFC Moneyback Credit Card?

As it gives higher reward points for online purchases, the HDFC Moneyback Credit Card can be a good choice for you if you frequently buy online. In general, people who are new to credit and don’t want to pay a hefty annual fee should use this card. This credit card offers its members respectable features for a yearly fee of 500 rupees. Applying for this HDFC Bank Credit Card is possible if:

• You want to begin building your credit because you are new.
• You frequently shop both online and off-line.
• You wish to accumulate benefits that can be exchanged for cashback.
• You wish to improve your credit score but are unable to get other credit cards accepted.

HDFC Moneyback Credit Card Apply Process

To avail of the exclusive partner incentives, you have the option to apply for this Credit Card directly on the HDFC website. Alternatively, you can also apply on BankBazaar from the same page.

To apply immediately, follow these steps:

Step 1: Navigate to the upper section of the page and locate the ‘Check Eligibility’ button.

Step 2: To find out if you qualify for the card, click on it and complete the form.

Step 3: You can apply for the card if you’re qualified.

Step 4: Click on it, fill out the form with the required details, and then click “Submit.”

Step 5: Following the successful submission of the required documentation and information, you will receive an acknowledgment message with the application ID. You can use the same technique in the future to monitor the progress of the credit card application.

How To Apply For HDFC Moneyback Credit Card Online?

The HDFC Moneyback Credit Card can be applied for directly through the official HDFC website.

Follow the steps to apply now:

• At the top of the page, you will find the ‘Check Eligibility’ button.
• By clicking on the button and providing the necessary information, you can ascertain whether you meet the requirements for the card.
• To determine your eligibility for the card, click on the ‘Check Eligibility’ button and provide the required information.
• Click on it, provide the necessary information and documentation, and then click “Submit.”

You will receive an acknowledgement message with the application ID after successfully submitting the necessary documents and information. Later on, you can use the same to monitor the status of your credit card application.

HDFC Moneyback Credit Card Status

The applicant can check the status of their credit card application using the HDFC Money Back Credit Card Status. Both online and offline applications are accepted for the HDFC Money Back Credit Card. To apply for this card using the online process, go to the bank’s official website and follow the on-screen instructions. However, if you prefer to apply for the card offline, you can do so by going directly to the closest HDFC bank and speaking with a credit card executive there. Every bank customer has access to a special Login ID, which they can use to check the status of their card at any time, anywhere. This helps to maintain transparency throughout the application process and enables the applicant to stay up to date on the status of the procedure at all times.

HDFC Moneyback Credit Card Statement

The journal that lists every transaction the card holder has done since the card was issued is called the HDFC Money Back Credit Card Statement. The cardholder may always keep track of the purchases and repayments made with this card thanks to this statement. This option not only makes it simple and convenient to keep track of one’s expenses, but it also makes the entire process transparent. The cardholder is given access and freedom to review their spending and repayments over a predetermined time frame. In the event that it becomes necessary, the record also serves as verification of the expense.

HDFC Moneyback Credit Card Bill Payment

To ensure that there is no blemish on your credit history, continue to make it a practise to pay your payments on time. How can you do this when people like you are mired in a busy schedule? The best course of action is to turn on AutoPay so that the invoices are paid on time. Yes, you will get an SMS with the bill amount and due date on it at the registered cellphone number. Thus, you can carefully study the SMS and make sure that there is enough money in your bank account to ensure a seamless transaction. You can just add the card to your net banking account to get an SMS when the bill is created if you don’t find Auto Pay to be convenient. You can just go web to pay the fees after noting the SMS.

Customer Care 24×7 Number

The bank’s HDFC client Care section, which responds quickly to client questions and complaints about its products, is a strong division. Through the bank’s official website, one can contact them. The HDFC toll-free numbers are listed on the bank’s website as well. Alternately, if you prefer to resolve specific difficulties in person, you may always stop by the closest HDFC bank and speak with an executive there.

Other Similar Credit Cards

You can look at the cards listed in the table below if you’re looking for additional credit cards that provide advantages comparable to Moneyback:

Credit Card	Annual Fee	Reward Points
HSBC Smart Value Credit Card	Rs. 500	3X reward points on your spends on online, dining and telecom categories
Standard Chartered Platinum Rewards	Rs. 250	5 reward points on every Rs. 150 spent on dining and fuel
SBI SimplyCLICK Credit Card	Rs. 499	10X reward points on online spends with partners (Amazon, BookMyShow, Lenskart, Apollo24X7, Netmeds, Cleartrip and Eazydiner)
ICICI Bank Coral Contactless	Rs. 500	2 PAYBACK points on every Rs. 100 spent
IRCTC SBI Platinum	Rs. 300	10% value back as reward points on booking tickets through IRCTC

HDFC Millennia Credit Card Vs. HDFC Moneyback Credit Card

Categories	HDFC Millennia Credit Card	HDFC Moneyback Credit Card
Joining Fees	Rs. 1000	Rs. 500
Editor’s Rating	4	3.3
Key Features	You will receive a welcome bonus of 1000 Cashpoints, which is only valid after paying the membership cost. Spend Rs. 1,00,000 or more during the first year to receive a waiver of the renewal membership charge. Earn 5% Cashback on all purchases up to a maximum of Rs. 2,250 per month in Cashback earnings. Earn 5% Cashback on purchases made through PayZapp, SmartBuy, and Amazon, Flipkart, Flight & Hotel Bookings (minimum transaction size of Rs. 2000). 3.5% Cashback on all purchases made online All offline purchases and wallet reloads will earn 1% cashback. 8 complimentary visits to domestic lounges each year Free domestic airport lounge access every year Discover the Good Food Trail Dining programme at upscale eateries in the best cities. Fuel transactions are exempt from the 1% fuel surcharge (with a minimum transaction of Rs. 400 and a maximum cashback of Rs. 250 each statement cycle). From the date of purchase, benefit from a maximum of 50 days of interest-free time. Immediately report the loss of your HDFC Bank Millennium Credit Card to get 0% liability for any fraudulent transactions made using the Credit Card Rewards Rate. Please be aware: Cashpoints will be used to redeem the Cashback. Redeeming against the balance on the statement: Redemption against travel advantages including flight and hotel bookings and the rewards catalogue at the SmartBuy Rewards Portal: 1 Cashpoint = Rs. 1 Cash Point equals 30 Rupees. Redeem Cashpoints at the following exchange rate: 1 Cashpoint = 0.30 Rupees.	You will receive a welcome bonus of 500 Cash Points, which is only valid when you pay the membership cost. Spend Rs. 20,000 or more within the first 90 days to receive a waiver of the first-year membership cost. Accumulate and redeem reward points for cash back against credit card balances (100 points = Rs. 20). Spend Rs. 50,000 or more in the first year to receive a waiver of the renewal membership charge. For every Rs 150 paid, receive 2 reward points. Receive a gift voucher every quarter with a value of Rs. 500 for every Rs. 50,000 spent. Get gift cards valued up to Rs. 2,000 every year. Earn 4 reward points for every Rs 150 you spend online with the card when buying online. Customers can earn up to 500 Reward Points per statement cycle for online purchases under the 2X RP feature starting on July 15, 2020. Spend Rs 50,000 in a quarter to receive an E-Voucher worth Rs 500. Spend at least Rs. 50,000 in the year prior to the renewal date at any Indian petrol station, with a minimum transaction of Rs. 400 and a maximum CashBack of Rs. 250 every statement cycle, to renew membership for free. Report the loss of your HDFC Moneyback Credit Card right away to avoid being held responsible for any illegal transactions made with the Credit Card.   Rewards Ratio: Accumulated Reward Points may be exchanged against statement balance at the rate of 1 RP = 0.20 rupees. At the SmartBuy Rewards Portal, reward points can even be redeemed for travel perks like flight and hotel bookings and rewards catalogue: 1 CashPoint is equal to 0.25 Indian Rupees.
Editor’s Review	Pros Take advantage of the free MasterCard, Diners Club, and Visa lounge access programme. The HDFC Bank Millennia Credit Card has contactless payment capabilities, enabling quick, easy, and safe payments at retail establishments. It is possible to get revolving credit with a low interest rate. Cons No golf or coaching events One year from the date of acquisition is the only time the Cash Points are valid. Interest rates are slightly higher than those of the other credit cards; they are 3.49% each month, or 41.88% annually.	Pros If the missing card is reported right away, there is no culpability. Using the card’s embedded EMV Chip technology, you can prevent fraud. From the day of purchase, take advantage of the interest-free period for up to 50 days while enjoying revolving credit at a low interest rate. Cons There is a 2-year expiration date on the reward points. No free access to airport lounges 3.49 percent high interest rate

Comparison Of Amazon Pay ICICI Card And HDFC Moneyback Credit Card

Basis of Difference	Amazon Pay ICICI Credit Card	HDFC MoneyBack Credit Card
Cashback Offer and Reward Points	– Only Prime members are eligible for Amazon’s 5% Cashback. Even If you don’t have a Prime membership, you can get 3% Cashback on Amazon using this card. At more than 100 Amazon-partnered businesses, receive 2% cashback using Amazon Pay. Earn 1% Cashback on all other purchases, including those for restaurants, insurance, and vacations.	– Once the entire membership fee has been paid, take advantage of 500 Cash Points as a welcome bonus. Enjoy Gift Vouchers worth INR 500 on purchases of Rs. 500,000 or more in a calendar quarter, which entitles you to up to Rs. 2,000 in vouchers every year. Spend Rs. 20,000 or more within 90 days of the card’s issuance to waive the membership fees.
Dining Offers	With the Culinary Treat Programme, you may save up to 15% while dining at more than 2500 restaurants all around India.	-Receive 2 reward points for every EUR 150 spent. -Receive 4 reward points for every 150 spend online using your HDFC credit card.
Fuel Surcharge Waiver	With this ICICI Credit Card, you can avoid paying 1% of the fuel surcharge at all filling stations.	Enjoy a 1% reduction in gasoline surcharges on purchases over 400. The most that can be charged per statement cycle is 250.

Comparison Of Fees And Other Charges Of Amazon Pay ICICI Credit Card And HDFC Moneyback Credit Card

Fees and Charges	Amazon Pay ICICI Card	HDFC MoneyBack Credit Card
Joining Fees	NIL	₹500 + Applicable Taxes
Renewal Fees	NIL	₹500 + Applicable Taxes
Waiving Off Criteria	NIL	Spend ₹50000 and above in a year and waive off the annual fees.
Add-on Card Fees	NIL	NIL
Finance Charges	3.5% to 3.8% per month	3.49% per month
Cash Advance Fees	2.5% of the Amount with a minimum of ₹300	2.5% of the Amount

Eligibility Criteria For Both The Credit Cards

Criteria	Amazon Pay ICICI Credit Card	HDFC MoneyBack Credit Card
Minimum Age of the Applicant	18 Years	21 Years
Maximum Age of the Applicant	60 Years	65 Years
Cibil Score of the Applicant	750 and Above	750 and Above
Citizenship Status of the Applicant	Must be a Citizen of India	Must be a Citizen of India

It would be simple for you to choose a card for your needs once you are aware of the key distinctions between the HDFC MoneyBack Credit Card and the Amazon Pay ICICI Credit Card. Both of these cards provide different advantages and can enable you to deduct some additional money from your monthly costs. On the other hand, you must first determine whether you actually need the credit card before applying for it. Choose a credit card just if it meets all of your requirements and has excellent offers.

Conclusion

An entry-level credit card for those just starting out in the world of credit cards is the HDFC Moneyback credit card. You can use the card to get a terrific reward rate on both online and offline purchases. You have a variety of redemption options from HDFC Bank when spending the reward points you’ve accrued with this credit card.

Additionally, you can use the benefits you’ve accrued from transactions as cashback to your statement amount. This card is quite helpful because it offers numerous additional advantages in addition to saving you money.

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