HDFC Bank Moneyback Credit Card - Features, Benefits, Fees & Charges

HDFC Bank Moneyback Credit Card (4.3)

Cashback Best For: Business
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Want to earn cashback on every purchase you make? With HDFC Moneyback Credit Card, you can get instant cashback on every spend. You'll earn 4 reward points for every online spend and 2 reward points for every other spend. Plus, you'll get gift vouchers, 20% discounts at restaurants, a welcome bonus of 500 cash points and much more! And all this comes with a joining and annual fee of just ₹500. Keep reading to learn more.

Features and Benefits

Aspects that make spending using this card lit as the sun!

Welcome Bonus
Travel
Fuel
Rewards
Shopping
Cashback
Dining
Insurance
Interest
Lounge
Welcome Bonus

On payment of the joining or renewal cost, the user gets 500 Cash Points as a welcome and renewal reward.

Zero Lost Card Liability

HDFC Bank offers Zero Liability Protection against fraudulent credit card transactions if the loss is reported quickly and within a certain time frame to the 24-hour HDFC Bank Customer helpline.

Interest-Free Period

From the date of purchase, the HDFC Bank MoneyBack Credit Card offers an interest-free credit period of up to 50 days.

EMI Benefit

HDFC Bank Moneyback Credit Card comes with a feature of Smart EMI, where major spending can be divided into small EMI amounts after purchases.

Dining Benefit
  • Get up to 20% savings off on all your restaurant bill payments via Swiggy Dineout (20k + restaurants) (Offer inclusive of Restaurant and Swiggy Discount).
  • Offer valid only on payments done via Swiggy App.
Fuel Surcharge

1% fuel surcharge waiver (with a cap of ₹250 per statement cycle) at a minimum spend of ₹400 to a maximum spend of ₹5000.

Other Benefit

Spend ₹50,000 and above in each calendar quarter and get ₹500 worth of gift vouchers.

Reward Points
  • Earn 2 Reward Points on every ₹150 spent (Excluding fuel transactions, wallets loads/prepaid card loads & voucher purchases)
  • Earn 2X Reward Points, i.e. 4 Reward Points on every ₹150 spent online.
  • Every quarter, get a gift voucher worth ₹500 on spends of ₹50,000. Earn up to ₹2,000 worth of gift vouchers in a year.
  • Reward Rate: up to 0.5%
Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Charges

Joining Fee

₹500

Annual Fee

₹500

Annual Percentage Rate

43.2%

Add-on Card Fee

Free

Minimum Repayment Amount

5%

Cash Withdrawal Fee

2.50%

Cash Advance Limit

40%

Card Replacement Fee

₹ 100

Foreign Transaction Fee

3.50%

Over Limit Penalty

2.50%

Fuel Transaction Surcharge

2.50%

Reward Point Value

₹0.20
Late Payment Charges

Balance below ₹100

₹ 0

Balance from ₹101 to ₹500

₹ 100

Balance from ₹501 to ₹5000

₹ 500

Balance from ₹5001 to ₹10000

₹ 600

Balance from ₹10001 to ₹25000

₹ 800

Balance from ₹25001 to ₹50000

₹ 1100

Balance more than ₹50000

₹ 1300
Pros

Aspects that make this credit card amazing.

  1. Reward points on all purchases.
  2. 2% cashback on all transactions.
  3. No balance transfer charge.
Cons

Aspects this credit card lacks.

  1. A rigid and restrictive cashback scheme.
  2. Only 0.5% cashback on any other purchases.
  3. Limited-time discounts, accessible exclusively to HDFC Bank customers.
  4. The waiver of fuel surcharges is only available at certain gas stations.
  5. Limited options of restaurants to take advantage of the dining benefits.
HDFC Bank Moneyback Rating & Reviews

This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.

Charges

(4)

Rewards

(3.5)

Customer Service

(3.5)

HDFC Bank Moneyback Credit Card Review

If you are an avid online shopper, the HDFC MoneyBack Credit Card could be an excellent option for you. This credit card is designed to provide more reward points for online purchases, making it an ideal choice for those who frequently shop online. Additionally, this credit card is perfect for those who are new to credit and do not want to pay a high annual fee, as it offers decent benefits at an affordable annual fee of just ₹500. With this card, you can enjoy a range of exclusive benefits and rewards, making your online shopping experience even more enjoyable and rewarding.

Overview

Best For Cashback and Rewards
Joining Fee ₹500
Annual Fee ₹500
Welcome Benefits 500 Cash Points

Who should get HDFC Bank Moneyback Credit Card?

An HDFC Bank Moneyback Credit Card is recommended for anybody seeking the following possibilities when applying for a credit card:

  • The user is applying for their first credit card and doesn't have a credit score.

  • Want to improve their credit score in preparation for future loan needs? This card is offered to consumers who do not have a credit score and allows them to establish it.

  • Better reward points for online purchases

  • Reward points to cash back conversion

Reward Points 

  • Milestone rewards and welcome gifts.
  • On payment of the membership cost, the user will get 500 extra points as a welcome gift.

Users may profit by spending the following sums during the time range stated below:

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

How to apply for an HDFC Bank Moneyback Credit Card?

Direct applications for the HDFC Bank MoneyBack Credit Card are accepted on the bank's official website. One has to take the following steps to apply for an HDFC Bank Moneyback Credit Card:

  • Go to the official website, go to Personal tab and hover to 'Pay' section

  • Select Credit Card from this section 

  • Click on the "Sign Up" button next to the Moneyback Credit Card.

  • Users will be taken to HDFC's credit card application website.  

  • To finish the application procedure, a user has to enter the necessary information and finish the required paperwork. 

  • The credit card is sent to the shared address after the application is approved. 

HDFC Moneyback Credit Card Eligibility

  • Age: 21 to 65 years
  • Occupation: Salaried or Self Employed
  • Income: Salaried: ₹25000 p.m., Self-Employed: ITR > ₹6.0 Lakhs p.a.

Documents Required

  • Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
  • Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
  • Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.
HDFC Bank Cards Issued & Spends

Keep an eye on the credit card's monthly performance through the number of cards issued and the cumulative transaction value!

Bank name:

HDFC Bank

HDFC Bank Credit Card Customer Care Number:

1800 202 6161 / 1860 267 6161

HDFC Bank Card Offers:

View Offers

Total Cards:

1,98,78,068
HDFC Bank Credit Card News
08 Feb 2024, Thursday
1. HDFC Bank launched a new range of business credit cards specifically for SMEs

The cards come in four variants - BizFirst, BizGrow, BizPower, and BizBlack - and offer benefits like interest-free credit periods, rewards on business spend, and insurance coverage.

  1. BizFirst: Entry-level card with 55 days interest-free period, 3% cashback on EMI spends, 2% on utilities & electronics, 1% on other spends. 
  2. BizGrow: Offers higher 5% cashback on business spends like GST, income tax, vendor payments, travel, business tools, and 1% on other spends. 
  3. BizPower: Premium card with 5X reward points on fuel spending, accelerated rewards on travel, dining, and utilities, and airport lounge access. 
  4. BizBlack: Flagship card with maximum rewards on all categories, complimentary airport lounge access, travel insurance, and other premium benefits. 
31 Oct 2023, Tuesday
2. Effective 1 December 2023, HDFC Bank will limit lounge access for Regalia Credit Card holders.

Starting from 1 December, the lounge access program will be tied to one's credit card spending. To avail of the lounge benefits, a credit card user must spend Rs. 1 lakh or more in a single calendar quarter, i.e., January-March, April-June, July-September, October-December. Only two complimentary lounge access vouchers will be available per quarter as part of the milestone benefit for users.

19 Oct 2023, Thursday
3. HDFC introduces enhanced Diners Club Metal Edition Credit Card

HDFC Bank has introduced the upgraded HDFC Diners Club Metal Edition Credit Card, setting it apart from the previous HDFC Diners Club Black Credit Card. The key differentiators between the two cards are as follows:

  • Annual Fee Waiver: The metal edition requires cardholders to spend 8 lakhs annually to enjoy an annual fee waiver, whereas the plastic card's threshold is 5 lakhs in annual spends.
  • Welcome Benefit: The new Metal Edition card offers a Swiggy One annual membership as a welcome benefit, replacing the earlier Forbes and MMT Black offerings. In contrast, the plastic card provided a 3-month Swiggy One membership, alongside Forbes and MMT Black.
  • Milestone Benefit: The Metal Edition introduces a new milestone benefit, granting cardholders 10,000 Bonus Reward Points on a quarterly basis. However, it no longer features the old benefits amongst cult.fit Live 1 month membership/ BookMyShow /TataCLiQ /Ola cabs vouchers worth Rs. 500

This revamped credit card caters to the evolving preferences and spending patterns of customers, providing additional perks and benefits.

24 Aug 2023, Thursday
4. HDFC Bank partners with Marriott Bonvoy to launch India's first 'hotel co-branded card'.

HDFC Bank and Marriott International have launched a co-branded credit card in India, called the Marriott Bonvoy HDFC Bank Diners Club International Credit Card. The card is the first hotel co-branded credit card in India. It offers a number of benefits to cardholders, including:

  • Complimentary Marriott Silver Elite Status
  • Up to 4 free night awards
  • Accelerated Marriott Bonvoy points earning on travel, dining, and entertainment
  • Airport lounge access
  • Travel insurance
05 Jul 2023, Wednesday
5. Swiggy to launch co-branded credit card with HDFC Bank.

Swiggy is reportedly teaming up with HDFC Bank to introduce a co-branded credit card. By doing so, Swiggy would join the increasing number of e-commerce platforms like Flipkart, Myntra, and Paytm, which have already launched their own co-branded credit cards.
Swiggy's strategic decision to venture into the co-branded credit card space is aimed at strengthening customer loyalty and involvement by offering supplementary advantages and incentives through the card.

HDFC Bank Moneyback Customer Reviews

Overall Rating

3

Based on 1 reviews

Rating Summary

5
0%
4
0%
3
100%
2
0%
1
0%

Review Analytics

Fees 0 votes

Interest Rate 0 votes

Rewards 0 votes

Benefits 0 votes

Customer Service 0 votes

Frequently Asked Questions

Yes, you can use this credit card to convert large purchases into EMIs. This applies to insurance, groceries, medical, gasoline, utilities, apparel, education, electronics, and travel. You cannot, however, convert your gold and jewellery purchases into EMIs.

The bank offers an interest-free credit period of up to 50 days on the HDFC MoneyBack Credit Card. The interest-free period is available from the date of purchase and is subject to the merchant's submission of the charge.

There is no predetermined limit on the HDFC MoneyBack Credit Card. The limit is different for each applicant and is determined by their income and credit score. However, the MoneyBack Credit Card's maximum and minimum credit limits are Rs. 1.5 to Rs. 2 lakhs.

 

Yes, you can withdraw money from the HDFC Moneyback Credit Card. HDFC Bank provides a cash advance limit of 40%. If your Credit Card limit is Rs. 1 lakh, you can withdraw up to Rs. 40,000 in cash. Your cash advance limit is determined by the type of credit card you have. However, an interest rate is charged for credit card cash withdrawals.

Navigate your NetBanking Portal/Account via the HDFC Bank website.

Once logged in, go to the “Cards” section.

Then, click the “Enquire” tab in the “Debit Card” section.

Select the “Cashback Enquiry and Redemption” tab when you reach the next page.

Choose the account number you want to redeem the points for, and you're done! 

The Reward Points can now be redeemed.

Visit hdfcbank.com and navigate to products > cards > credit cards.

In the “Featured Cards” section is an image of the MoneyBack Credit Card alongside the “Apply Online” button.

When you click “Apply Online”, a credit card application form will appear. 

Fill in your information in the form, including your PAN number and income. 

After you've completed the form, click the “Submit” button.

The bank will verify your information and approve or reject your application based on the eligibility criteria.

With this credit card, you can earn cashback and reward points on your online and offline purchases. The good news is that you can convert your earned reward points into cashback, a rare feature not found on most basic credit cards. The most reward point benefits, however, are provided on online transactions.

With this card, you will receive a certain percentage of your purchases back at the end of the credit cycle. The credit card has an Rs. 500 joining fee and a 3.49% interest rate. However, the interest rate may be adjusted depending on your relationship with the bank and how you use the card.