HDFC Bank MoneyBack Plus Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

You will receive 500 CashPoints as a welcome gift when you activate the card. For every Rs. 150 spent with the card (excluding fuel, wallet reloads, prepaid card reloads, and voucher purchases), you will earn 2 CashPoints. EMI transactions at select merchant outlets will earn you 5 times the number of CashPoints. Partner brands such as Amazon, Flipkart, Reliance Smart Store, Big Basket, and Swiggy will give you 10 times the number of CashPoints. If you spend Rs. 50,000 in a calendar quarter, you will receive a gift voucher worth Rs. 500 (with a maximum benefit of Rs. 2,000 in a year). You can enjoy up to a 15% discount on dining at over 2,000 premium restaurants in select cities. By making an annual expenditure of at least Rs. 50,000, you can have the annual fee waived. You will receive a 1% waiver on the fuel surcharge.

The HDFC Bank MoneyBack Plus Credit Card is a reliable option for avid shoppers.

With an affordable joining fee of Rs. 500 + GST and an annual renewal fee of the same amount, this card offers great value for money.

One of the key attractions of this card is its reward system.

With the MoneyBack Plus Credit Card, you can earn reward points on your purchases.

For every Rs. 150 spent on retail purchases, you earn 2 CashPoints.

Additionally, you can avail 5X CashPoints on EMI spends at select merchants and 10X CashPoints on partner brands.

The welcome benefit of 500 CashPoints is an added perk for new cardholders.

Moreover, the card offers movie dining benefits with up to 15% off on dining at over 2,000 premium restaurants.

While this credit card does not offer specific travel, lounge, golf, or insurance benefits, the spend-based waiver for the renewal fee is noteworthy.

If you spend Rs. 50,000 or more in the previous year, you are eligible for a waiver of the renewal fee.

It is important to note that there is a redemption fee of Rs. 99 per redemption request for rewards.

Additionally, the foreign currency markup is 3.5% of the transacted amount, and the interest rate is 3.6% per month (or 43.2% annually).

On the positive side, the card offers a fuel surcharge waiver of 1% on all fuel transactions.

However, the cash advance fee is 2.5% of the withdrawn amount (minimum charge of Rs. 500).

In conclusion, the HDFC Bank MoneyBack Plus Credit Card is an ideal choice for avid shoppers looking to maximize their rewards.

With a nominal fee structure and attractive benefits, it is a reliable option for everyday retail purchases.