HDFC Moneyback Plus Credit Card Benefits, Features, Review, The HDFC MoneyBack Plus Credit Card is a credit card offered by HDFC Bank in India. As the name suggests, this card offers cashback rewards to its users, making it an ideal choice for those who want to earn rewards on their credit card spending.
Here are some of the key features of the HDFC MoneyBack Plus Credit Card:
Welcome benefits: Apply online and get Rs. 1500* Amazon voucher
Fuel surcharge waiver: Cardholders can enjoy a fuel surcharge waiver of 1% on fuel transactions made using the card, up to a maximum of Rs. 250 per statement cycle.
Overall, the HDFC MoneyBack Plus Credit Card is a good option for those who want to earn cashback rewards on their credit card spending, especially on fuel transactions. However, it’s important to use the card responsibly and pay off the balance in full every month to avoid paying high interest charges.
HDFC Moneyback Plus Credit Card Benefits, Features, Review
Moneyback Plus Credit Card Benefits
HDFC MoneyBack Plus Credit Card is a popular credit card offered by HDFC Bank in India. Here are some of the benefits of this credit card:
Cashback Rewards
- 10X CashPoints on Amazon, BigBasket , Flipkart, Reliance Smart SuperStore & Swiggy
- 5X CashPoints on EMI spends at merchant locations
- 2 CashPoints per ₹150 spent on other spends ( Excluding fuel, wallets loads/prepaid card loads & voucher purchases )
- Get ₹500 gift voucher on spends on ₹50,000 per calendar quarter
- Upto 20% discount on partner restaurants via Swiggy Dineout
- The card offers cashback rewards on all purchases made with the card, which can be redeemed against the outstanding balance on the card.
Fuel surcharge Waiver:
HDFC MoneyBack Plus Credit Cardholders can enjoy a fuel surcharge waiver of up to Rs. 250 per statement cycle on fuel transactions made using the card.
Reward points:
The card offers reward points on all purchases made with the card. These points can be redeemed for various products, vouchers, and services.
Zero liability:
HDFC Bank offers zero liability protection to its credit cardholders in case of any fraudulent transactions on the card.
Contactless Payments:
The HDFC MoneyBack Plus Credit Card comes with a contactless payment feature, which allows cardholders to make payments by simply waving their card over a contactless payment terminal.
Interest-free credit:
HDFC Bank offers interest-free credit for up to 50 days on all purchases made with the card.
Easy EMI options:
Cardholders can convert their high-value purchases into easy EMIs with attractive interest rates.
Quarterly Spend based benefit
Every Calendar quarter, get a gift voucher worth ₹500 on spends of ₹50,000 & above. Earn up to ₹2,000 worth gift vouchers in a year.
Online account management:
HDFC Bank allows its credit cardholders to manage their card account online, which includes checking their balance, viewing their statement, and making payments.
HDFC MoneyBack Plus Credit Card Eligibility Criteria
The eligibility criteria for the HDFC Moneyback Plus Credit Card are as follows:
Age
The primary cardholder must be between 21 to 60 years old.
Income:
The minimum income requirement may vary based on the city of residence of the applicant. Typically, a minimum income of Rs. 20,000 per month is required. For Self Employed (Indian nationality). Age: Min 21 yrs. & Max 65 Yrs., Income: ITR > ₹6.0 Lakhs per annum
Credit Score:
HDFC Bank usually prefers a credit score of 750 or above for credit card applicants.
Nationality:
The applicant must be an Indian citizen or a non-resident Indian (NRI).
Employment:
The applicant should be salaried or self-employed.
Required Documents:
The applicant needs to provide identity proof, address proof, and income proof documents as per the bank’s requirements.
Please note that meeting the above criteria does not guarantee approval of the credit card application. HDFC Bank has the discretion to approve or reject credit card applications based on its internal policies and procedures.
HDFC MoneyBack Credit Card Interest Rate
The HDFC MoneyBack Credit Card is a rewards credit card that offers cashback on eligible transactions. As with most credit cards, interest rates are subject to change and may depend on various factors such as your credit history and payment behavior.
As of my knowledge cutoff in September 2021, the interest rate for the HDFC MoneyBack Credit Card was in the range of 23.50% to 46.40% per annum, depending on the amount and duration of the outstanding balance. It is important to note that interest is charged on the outstanding balance, which is the amount that you have not paid in full by the payment due date.
It is recommended that you check with HDFC Bank or visit their website to get the most up-to-date information on interest rates and other terms and conditions related to the HDFC MoneyBack Credit Card.
HDFC Moneyback Plus Credit Card Lifetime free
The HDFC MoneyBack Credit Card may come with a lifetime free option, which means that there is no annual fee for using the card. However, this may depend on various factors such as your credit history, spending habits, and other criteria set by HDFC Bank.
To check if you are eligible for a lifetime free HDFC MoneyBack Credit Card, you can visit the HDFC Bank website or contact their customer service. It is important to note that while there may be no annual fee, there may still be other charges such as interest rates, late payment fees, and other transaction fees that apply.
It is recommended that you carefully review the terms and conditions of the card and understand all the fees and charges associated with it before applying for or using the HDFC MoneyBack Credit Card.
HDFC Moneyback Credit Card Features
The HDFC MoneyBack Credit Card is a popular credit card in India that offers several features and benefits. Some of the key features of the HDFC MoneyBack Credit Card are:
Cashback:
You can earn cashback on your purchases made with the HDFC MoneyBack Credit Card. You can earn 2 reward points for every Rs. 150 spent on the card. These reward points can be redeemed for cashback.
Fuel surcharge waiver:
You can enjoy a fuel surcharge waiver of up to Rs. 250 per billing cycle on fuel transactions made using the HDFC MoneyBack Credit Card.
Welcome bonus:
- Apply online and get Rs. 1500* Amazon voucher
- You can get a welcome bonus of 500 reward points when you use your HDFC MoneyBack Credit Card for the first time within the first 90 days of card issuance.
Annual fee waiver:
The HDFC MoneyBack Credit Card comes with an annual fee of Rs. 500. However, you can get the annual fee waived off if you spend Rs. 50,000 or more in a year.
Interest-free period:
The HDFC MoneyBack Credit Card offers an interest-free period of up to 50 days.
Easy EMI options:
You can convert your purchases made with the HDFC MoneyBack Credit Card into easy EMIs with a low-interest rate.
Secure transactions:
The HDFC MoneyBack Credit Card comes with an embedded EMV chip that provides added security to your transactions.
These are some of the key features of the HDFC MoneyBack Credit Card. However, it is important to read the terms and conditions of the card before applying for it.
HDFC Moneyback Credit Card Annual Fee
The HDFC MoneyBack Credit Card has an annual fee of Rs. 500, which is waived off if you spend Rs. 50,000 or more in a year on your card. Additionally, there may be other fees and charges associated with the card, such as interest charges, late payment fees, cash advance fees, and foreign transaction fees.
It’s always a good idea to carefully review the terms and conditions of the card before applying for it, so you’re aware of all the fees and charges that may apply.
HDFC Moneyback Plus Credit Card Lounge Access
The HDFC MoneyBack Plus Credit Card does not offer complimentary lounge access as a benefit. However, the card does come with other benefits such as reward points on all transactions, fuel surcharge waiver, and zero liability on lost card.
If lounge access is an important feature for you, you may want to consider other HDFC credit cards that offer this benefit, such as HDFC Regalia or HDFC Diners Club Credit Card. It’s always a good idea to carefully review the benefits and features of a credit card before applying for it, so you can choose a card that aligns with your spending habits and priorities.
HDFC Moneyback Plus Credit Card Billing Cycle
The billing cycle for the HDFC MoneyBack Plus Credit Card is generally from the 16th of one month to the 15th of the next month. This means that any transactions made on or after the 16th of a month will be included in the billing statement for the next month.
The payment due date for the credit card bill is typically 20-25 days from the billing statement date, which gives you some time to make the payment without incurring any late payment fees or interest charges. It’s important to check the billing statement carefully to ensure that all the transactions are correct and to make the payment on time to maintain a good credit score.
HDFC Moneyback Plus Credit Card Cash Withdrawal Charges
HDFC Moneyback Plus Credit Card cash withdrawal charges are as follows:
- Cash withdrawal fee: 2.5% of the transaction amount or Rs. 500, whichever is higher.
Interest charge:
Interest will be charged from the date of the transaction until the date of repayment at a rate of up to 3.49% per month, subject to a minimum of Rs. 500.
Cash withdrawal limit:
The maximum cash withdrawal limit is up to 40% of the credit limit, subject to a maximum of Rs. 50,000 per day.
It’s important to note that cash withdrawals on credit cards should be avoided as they typically attract high fees and interest charges. It’s advisable to use credit cards only for purchases and payments and to withdraw cash from ATMs using a debit card.
HDFC Moneyback Plus Credit Card Apply
To apply for an HDFC MoneyBack Plus Credit Card, you can follow these steps:
- Visit the HDFC Bank website or go to any HDFC Bank branch.
- Find the MoneyBack Plus Credit Card option and click on “Apply Now.”
- Fill out the application form with your personal and financial information.
- Upload any required documents, such as proof of identity, address, and income.
- Submit your application and wait for a response from HDFC Bank.
Alternatively, you can also apply for an HDFC MoneyBack Plus Credit Card through HDFC Bank’s mobile app or by calling the customer service hotline. Please note that eligibility requirements and documentation may vary, and approval is subject to HDFC Bank’s credit criteria.
HDFC Moneyback Plus Credit Card Status
To check the status of your HDFC MoneyBack Plus Credit Card, you can visit the HDFC Bank website or mobile app and log in to your account. Once you’re logged in, you should be able to see the status of your credit card application, whether it’s approved or still under review.
You can also check the status of your credit card application by calling HDFC Bank’s customer care number or by visiting the nearest HDFC Bank branch. If your credit card application is approved, the bank will typically send you a notification via SMS or email, followed by the physical card being dispatched to your registered address.
HDFC Moneyback Credit Card Review
The HDFC MoneyBack Credit Card is a popular credit card in India that offers several benefits and features to its users. Here is a brief review of the card:
Pros:
- Cashback: The card offers cashback on your purchases made using the card, which can be redeemed as statement credit.
- Welcome bonus: The card offers a welcome bonus of reward points on your first transaction using the card.
- Fuel surcharge waiver: You can enjoy a fuel surcharge waiver of up to Rs. 250 per billing cycle on fuel transactions made using the HDFC MoneyBack Credit Card.
- Annual fee waiver: You can get the annual fee waived off if you spend Rs. 50,000 or more in a year.
- Interest-free period: The card offers an interest-free period of up to 50 days, which can be useful for managing your finances.
Cons:
- Limited redemption options: The cashback earned on the card can only be redeemed as a statement credit and not as cash.
- Reward points conversion rate: The conversion rate for reward points to cashback is not very attractive compared to other credit cards.
- Limited features: The HDFC MoneyBack Credit Card does not offer as many features as some other credit cards in the same price range.
Overall, the HDFC MoneyBack Credit Card can be a good option for those who want a credit card with cashback benefits and a lower annual fee. However, it may not be the best option for those who want a credit card with more rewards and features.