Best HDFC Credit Card for Cashback

In today’s time, where saving every rupee feels like a small victory, cashback credit cards are like the modern-day version of finding that “unexpected cash” in your sofa cushions or under your mattress. 

Imagine getting “paid” every time you shop for groceries, order a pizza, or even fill up your bike or car’s fuel tank. Who doesn’t want this, right? 

That’s the magic of cashback credit cards! They are very easy to use and make your everyday spending more rewarding. Among the many options available, HDFC Bank offers a diverse range of cashback credit cards suitable for your spending habits and preferences. 

Whether you’re a foodie, a shopaholic, or someone who simply eyes a good bargain, HDFC Bank’s credit cards can boost your savings while enjoying fantastic perks. 

Luckily, you’re in the right place to know about the best HDFC credit cards for cashback and understand their features. Let’s guide you in choosing the one that best suits your spending habits.

Table of Contents:

• Key Factors to Consider When Choosing a Cashback Credit Card
• Best HDFC Credit Card for Cashback
  • HDFC MoneyBack+ Credit Card
  • HDFC Millennia Credit Card
  • Swiggy HDFC Credit Card

Key Factors to Consider When Choosing a Cashback Credit Card

Before we explore the top contenders, here are some crucial aspects to keep in mind when selecting a cashback credit card:

1. Identify Your Spending Categories: Are you a foodie, shopaholic, or a frequent traveller? It’s important to analyse where you spend the most.
2. Identify the Cashback Rates: The more you get back, the more you can save! Look for cards that offer high cashback percentages in your preferred categories.
3. Know About the Annual Fees: You should evaluate whether the card delivers enough value for the cost of owning it.
4. Redemption Process: Are there limitations or thresholds? You need to check how easy it is to redeem your cashback.
5. Additional Benefits: Some cards come with extra perks like discounts, lounge access, or insurance coverage. Check all the benefits or perks clearly before you apply for one.

With these considerations in mind, let’s move ahead and learn about the best cashback credit cards from HDFC Bank.

Best HDFC Credit Card for Cashback

1. HDFC MoneyBack+ Credit Card

The HDFC MoneyBack+ credit card can be a rewarding companion for those who love to save on their everyday expenses. This card offers accelerated cashback in categories like online shopping, groceries, and bill payments. 

Here’s a detailed breakdown of its fees and features:

Joining/Annual Fee:

• Joining Fee: ₹500 + Applicable Taxes
• Annual Fee: ₹500 + Applicable Taxes (waived off by spending ₹50,000 or more in a year)

• Cashback Rate: 3.3%

Key Features/Benefits:

• 10X CashPoints (3.3% Valueback) on Amazon, BigBasket, Flipkart, Reliance Smart SuperStore, and Swiggy
• 2 CashPoints per ₹150 spent on other spends
• 500 CashPoints upon membership fee payment
• ₹500 gift voucher for spending ₹50,000 in a calendar quarter
• Up to 20% off at 20k+ restaurants with Swiggy Dineout
• 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 (max. waiver ₹250 per cycle)
• 1 CashPoint = ₹0.25
• Min. ₹500 CashPoints needed for statement balance redemption

Note: CashPoints are valid for 2 years from the transaction date.

Who Should Choose This Card?

• Frequent users of platforms like Amazon, Flipkart, BigBasket, and Swiggy
• People who enjoy dining out and saving on restaurant bills
• Those looking for fuel savings and occasional cashback bonuses (₹500 gift voucher for hitting spending milestones)

In short, get an HDFC Moneyback+ Card if you're a budget-conscious shopper looking for a low-cost card with solid online cashback benefits.

Want in detail info about its benefits and rewards? Check HDFC MoneyBack Plus Credit Card!

2. HDFC Millennia Credit Card

With generous benefits on online platforms like Amazon, Flipkart, and Swiggy, alongside perks on travel, shopping, and more, this card can be a perfect companion for those looking to save more on their purchases.

Here’s a detailed breakdown of its fees and features:

Joining/Annual Fee:

• Joining Fee: ₹1,000 + Applicable Taxes
• Annual Fee: ₹1,000 + Applicable Taxes (waived off by spending ₹1,00,000 or more in a year)

• Cashback Rate: 1% to 5%

Key Features/Benefits:

• 5% cashback on Amazon, BookMyShow, Flipkart, Myntra, and more
• 1% cashback on all other spends
• ₹1,000 gift vouchers for spends of ₹1,00,000 or more per calendar quarter
• Up to 20% off at 20k+ restaurants with Swiggy Dineout
• 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 (max. waiver ₹250 per cycle)
• Reward Points equal to the membership fee once paid
• Dreamfolks airport lounge access or ₹1,000 vouchers on achieving quarterly spending milestones
  Note:
• 1 CashPoint = ₹1 (for redemption against the statement balance)
• Min. ₹500 CashPoints needed for statement balance redemption
• CashPoints are valid for 2 years from the transaction date
• Use CashPoints for flights/hotels (max 50% booking value); capped at 50,000 points/month (conversion rate of 1 CashPoint = ₹0.30)

Who Should Choose This Card?

• Users of platforms like Amazon, Flipkart, Myntra, and Swiggy
• Frequent diners and travellers
• Spenders of ₹1,00,000 or more annually
• Frequent online shoppers on major platforms and value premium perks

Go for an HDFC Millennia Card if you’re a frequent online shopper on major platforms and value premium perks like redeeming cash points on flights and hotel bookings.

Want in detail info about its benefits and rewards? Check HDFC Bank Millennia Credit Card!

3. Swiggy HDFC Credit Card

The Swiggy HDFC Credit Card is designed for food lovers and frequent online shoppers who want to earn rewards while enjoying their favourite meals. With exclusive benefits on Swiggy and other popular platforms, this card offers cashback on food deliveries, dining, and even grocery purchases.

Here’s a detailed breakdown of its fees and features:

Joining/Annual Fee:

• Joining Fee: ₹500 + Applicable Taxes
• Annual Fee: ₹500 + Applicable Taxes (waived off by spending ₹2,00,000 or more in a year)

• Cashback Rate: 1% to 10%

Key Features/Benefits:

• 10% cashback on Swiggy (food ordering, Instamart, Dineout & Genie)
• 5% cashback on online spends for apparel, department stores, electronics, and more (capped at ₹1,500 per billing per cycle)
• 1% cashback on other categories
• Complimentary 3-month Swiggy One Membership on card activation
• Access to golf courses worldwide and 12 free lessons annually

Note: Cashback redemption is now moved to statement credit from June 2024 (Swiggy money continues in the app)

Who Should Choose This Card?

• Foodies who often order food from Swiggy
• Good for frequent online shoppers and those who love to dine out
• Spenders of up over ₹2,00,000 annually

To summarise, go for a Swiggy HDFC Card if food delivery and dining are your top spending categories.

Want in detail info about its benefits and rewards? Check Swiggy HDFC Bank Credit Card!

Conclusion

HDFC Bank’s range of cashback credit cards ensures there’s something for everyone, whether you’re shopping, dining, or travelling. However, the annual fees of certain HDFC cashback credit cards could still be a restriction for those with lower spending.

Additionally, cashback rates are limited to specific categories, meaning if your spending doesn't align with those areas, you might not see as much cashback.

So, before choosing the best cashback credit card, it’s important to carefully consider your spending habits, the cashback rates, annual fees, and additional benefits that suit your lifestyle. 

Go ahead and start maximising your savings with the HDFC cashback card that fits your lifestyle perfectly. To get completely researched details about any other credit card of your choice, visit Finology Select today!

Happy spending and earning!