By: OurMoneyGuide || Last updated on: July 16, 2024

The HDFC Bank MoneyBack+ Credit Card is a good shopping card from HDFC Bank, with various discounts and cashback available on 5 stores including Amazon and Flipkart.

The benefits are a little lower than HDFC Millenia Credit Card, another popular shopping cashback card from HDFC Bank, but the eligibility requirements and annual fee is lower for the HDFC Moneyback+ Credit Card.

Brief Summary

Our Rating

3.75 / 5

Best for those who like to shop & spend online, and particularly for those who like to shop & spend on large online marketplaces like Amazon & Flipkart. You get 3.3% cashback on these well-known e-commerce platforms, and also on BigBasket, Reliance Smart Superstore and Swiggy. 3.3% special cashback is given only on total monthly purchases upto ₹18750 across these merchants.

The annual card spend requirement of ₹50,000, to get an annual fee waiver (from 2nd year onwards), is not very high.

Pros & Cons of HDFC Bank MoneyBack+ Credit Card

Pros

  • 3.3% cashback at important and relevant partners including Amazon, Flipkart, etc – catering to your shopping, grocery and other needs
  • Low yearly card spend requirement of ₹50,000 to get annual fee waiver

Cons

  • Not a good credit card for those who do not like to spend online, and like in-store shopping
  • 3.3% cashback earning is available at select partners only

Features & Benefits of the HDFC Bank MoneyBack+ Credit Card

3.3% cashback at 5 partners – Amazon || Flipkart || BigBasket || Reliance Smart Superstore || Swiggy (10X)

You earn 20 CashPoints worth ₹5, on every ₹150 you spend at these partners (meaning 13.3 CashPoints worth ₹3.3 on every ₹100 spent) – 3.3% benefit. 

This benefit is valid only on combined total purchases of ₹18750 per month, since you can earn a maximum of 2500 CashPoints per month at this special rate. Reward points earned on grocery transactions will be capped per month to 1000 CashPoints.

1 CashPoint = ₹0.25 or 25 paise, and can be redeemed as cashback against your credit card statement balance. CashPoints are posted on your credit card account and are available for redemption in the first week of every month, for all transactions settled in the previous month. CashPoints are valid for 2 years.

CashPoints can also be redeemed against travel benefits and rewards catalogue at the same rate of 1 CashPoint = ₹0.25.

1.67% cashback on EMI transactions at merchant locations (5X)

You earn 10 CashPoints worth ₹2.50, on every ₹150 you spend in this category (meaning 6.6 CashPoints worth ₹1.67 on every ₹100 spent) – 1.67% benefit. You earn no cash points on post facto EMI conversion.

This benefit is valid only on combined total purchases of ₹37500 per month, since you can earn a maximum of 2500 CashPoints per month at this special rate.

1 CashPoint = ₹0.25 or 25 paise, and can be redeemed as cashback against your credit card statement balance.

0.33% cashback on all other card spends, including UPI spends (X)

You earn 2 CashPoints worth ₹0.50, on every ₹150 you spend in these categories (meaning 1.3 reward points worth ₹0.33 on every ₹100 spent) – 0.33% benefit.

1 CashPoint = ₹0.25 or 25 paise, and can be redeemed as cashback against your credit card statement balance.

Cashback on UPI spends is only applicable on the RuPay version of the card. You can earn a maximum of 500 reward points on UPI spends.

Exceptions : No cashback is given on fuel purchases, rent payments, government-related transactions, post facto EMI transactions (Smart EMI, Dial an EMI), wallet load, gift card /prepaid card loads, voucher transactions , payment of outstanding balances, payment of card fees and other charges.

For full list of terms and conditions, please click here – HDFC MoneyBack+ Terms & Conditions

Upto 1% additional benefit at quarterly card spend of ₹50,000 (milestone benefit)

You receive gift vouchers worth ₹500, when you spend ₹50,000 or more on your card in a quarter.

HDFC Swiggy Dineout Program : Dining discounts at restaurants through Swiggy Dineout, upto ₹500 per month

  • 7.50% discount on restaurant transactions between ₹2000 and ₹3333 (maximum discount of ₹250 per transaction, minimum transaction amount of ₹2000). On transactions above ₹3333, your discount percentage will fall below 7.50%. On transactions below ₹2000, no discount is given.
  • Offer valid 2 times per month
  • Payments need to be made through the Swiggy app

For more details, including how to avail the offer, please click here – HDFC Swiggy Dineout Dining Program.

1% fuel surcharge waiver, upto ₹250 per month

Fuel surcharge waiver is applicable at all petrol stations.
– The waiver is applicable only on fuel transactions between ₹400 and ₹5000
– The waiver is given on fuel purchases upto ₹25,000 per month, since the maximum waiver is restricted to ₹250 per month.

Upto 10% cashback on a variety of categories and partners – through HDFC Smartbuy platform

HDFC Smartbuy is a platform which display’s HDFC Bank’s exclusive partnerships with a variety of partners. You get 5% – 10% cashback on various categories and at various partners, please see details in the table below.

You get a a maximum cashback of ₹1000 per month. For example, if you shop only in the 5% shopping categories/partners, you shall get 5% cashback on total card purchases upto ₹20,000 per month.


Applicable categories and partners
5% cashback on travel spends, through HDFC Smartbuy✓ Flight bookings
✓ Hotel bookings
✓ IRCTC train tickets
✓ Bus tickets, through RedBus
✓ MakeMyTrip holiday packages
5% cashback on gift voucher purchases, through HDFC SmartbuyGift vouchers usually include Amazon Pay, Flipkart, Amazon shopping and more.

There maybe individual limits on certain gift vouchers, and/or processing charges on certain gift vouchers, for example Amazon Pay vouchers. To see latest details, and a list of all gift vouchers available, please click here.
5% cashback at select partners, through HDFC Smartbuy✓ Myntra
✓ Apple Imagine Tresor
✓ Nykaa
✓ Zoom Car
10% cashback at select partners, through HDFC Smartbuy✓ Pharmeasy
✓ IGP
✓ Jockey
Please note that partners listed on HDFC Smartbuy platform could change from time to time. To see latest details of applicable partners, please click here.

HDFC 24/7 customer care

Your bank is always available, please click here for all the options to contact the bank.

Zero lost card liability

In the unfortunate event of you losing your credit card, please report it immediately to the 24-hour call centre. After reporting the loss, you have zero liability on any fraudulent transactions made on your credit card.

HDFC Bank MoneyBack+ Credit Card Fees and Charges

Annual fee & annual fee offers

Annual fee
Annual fee offers
1st year joining fee₹500Welcome offer : You get 500 cash points worth ₹125, on payment of 1st year annual fee
Renewal fee from 2nd year onwards₹500Renewal offer :
– Annual fee from the second year onwards is not charged , if you spend ₹50,000 or more in the previous year
– If you do not qualify for above card spend based annual fee waiver, then you get 500 cash points worth ₹125, on payment of renewal fee

Hence the card is virtually free if you spend ₹50,000 or more each year

Important Note

– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here – HDFC Bank MoneyBack+ Credit Card Fees & Charges

Eligibility Criteria

Although your credit card eligibility is based on multiple parameters which can be assessed once you apply, there are certain basic criteria that all applicants must fulfil. 

Minimum age21 years
Maximum ageSalaried – 60 years
Self employed – 65 years
Occupation Salaried or self employed
Minimum income requirementSalaried : ₹20,000 per month
Self-employed : ₹ 6 lakhs per year
Credit scoreNot specified, a minimum credit score of 750 is generally preferred

Application Process

Step-by-step guide –

Online application process
The easiest way is to click here – APPLY NOW , you will be taken to the card application page on the HDFC Bank website. You can also visit official website of the bank and fill out the application form.

Steps :
– The bank’s website and mobile app offer a user-friendly interface that makes the application process quick and easy.
– To apply, simply provide your personal details, such as your mobile phone number, income, and PAN number, along with the required documents.
– Submit the required documents
Offline (face to face)  application processYou can visit any of the nearest branches of the bank and talk to an executive regarding the process.
Whatsapp BankingYou can also apply for your card through HDFC Whatsapp Banking. Here are the steps to apply for an HDFC credit card through WhatsApp banking:

1. Save the Chat Banking number 7070022222 (HDFC Bank WhatsApp number) in your contacts
2. Send “Hi”
3. Choose the desired option OR simply type your query, for example – “Apply for Credit Card”
4. Apply and wait for further instructions or updates on your card application status.
Approval timeline and tracking your application statusIn most cases, the credit card decision would be communicated maximum within 21 working days. In certain cases, it could take longer, especially if the bank wants more information and documents from you.

– Click here to track the status of your HDFC Bank Credit Card application.
– You can also check the status of your application through Chat with EVA. Simply ask the chatbot to help you track your credit card applications and follow its instructions.

Necessary documents –

Required documents
– PAN card copy
– Identity proof : PAN card , driving license, valid passport, voter ID (any one)
– Address proof : electricity bill, phone bill (not more than 2 months old), driving licence, passport, ration card, bank statement, passbook (not older than 3 months), voters ID, flat maintenance bill (not older than 2 months), rent agreement (any one)
– Income proof : latest salary slip/s, income tax return etc

You maybe required to provide additional documents, on a case-to-case basis.

Conclusion

Overall, HDFC Bank MoneyBack+ Credit Card provides good cashback benefits for online shoppers. It offers 3.3% cashback on popular platforms such as Amazon, Flipkart, BigBasket, Reliance Smart Superstore and Swiggy, and 1% cashback on all other purchases. 

The annual card spend target of ₹50,000, to get an annual fee waiver (from 2nd year onwards), is not very high.