Our Money Guide

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 eligibiliity requirements and annual fee is lower for the HDFC Moneyback+ Credit Card.

Brief Summary

Our Rating
3.75 / 5

Our View :

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 merchants, and also on BigBasket, Reliance Smart Superstore and Swiggy. This 3.3% special cashback is given only on total monthly purchases upto ₹18750 across these merchants.

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

on HDFC Bank website

HDFC Bank MoneyBack+ Credit Card

Special Benefits

3.3% cashback on 5 stores including Amazon & Flipkart

Other Benefits

Upto 1% additional milestone related benefits

Minimum Income

Salaried : ₹20,000 per month
Self-employed : ₹6 lakhs per year

Annual Fee

₹ 500

Annual Fee Offers

Welcome offer worth ₹500

Renewal fee waived at ₹50,000 annual card spend

HDFC Bank MoneyBack+ Credit Card : Summary Table


10X

3.3% special cashback benefit on 5 select partners :
– Amazon, Flipkart
– BigBasket, , Reliance Smart Superstore
– Swiggy
You earn 13.3 cash points worth ₹3.3 , on every ₹100 you spend on these 5 specific partners  – only on purchases upto ₹₹18,750 per month. Since 1 CashPoint = ₹0.25 or 25 paise.

Exceptions :
– 5% cashback on these select merchants is given only for non-EMI spends on these merchants. EMI transactions (at merchant location) will be considered under the 1.67% cashback category, covered in the next section.
5X

1.67% cashback on EMI transactions
You get 6.66 CashPoints worth ₹1.67 , on every ₹100 you spend on EMI transactions. Since 1 CashPoint = ₹0.25 or 25 paise.

– EMI transaction should happen at the time of purchase at merchant location.
– Post facto EMI conversion does not earn this benefit , on such EMI transactions you get no rewards.
X

0.33% basic cashback benefit on all other spends
You get 1.33 CashPoints worth 33 paise , on every ₹100 you spend on all other purchases. Since 1 CashPoint = ₹0.25 or 25 paise.

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 milestone related benefitsAdditional benefits based on achievement of quarterly spend targets : For each calendar quarter, if you spend ₹50,000 or more, you will receive gift vouchers worth ₹500.
₹500 annual feeAnnual fee offers :
Welcome offer : You get 500 cash points worth ₹125, on payment of 1st year annual fee.

Renewal 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
1% fuel surcharge waiverFuel surcharge waiver is given at all fuel stations –
– Only on fuel transactions between ₹400 and ₹5,000 AND
– Only on fuel purchases of upto ₹25,000 per month (since the maximum waiver amount is capped at ₹250 per monthly card statement cycle)
– Both conditions above need to be met to avail surcharge waiver
Minimum income requirements Salaried : ₹20,000 per month
Self-employed : ₹6 lakhs per year

Pros and 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
  • The credit card is virtually free if you spend ₹50,000 or more in a year.

Cons

  • Not a good credit card for those who do not like to spend online, and like in-store shopping
  • 3.3% cashback is restricted to certain merchants, and is restricted to monthly spend limit of ₹18750 to earn this special cashback

Comparing with Competitor Cashback Credit Cards

Features
HDFC Millennia Credit Card
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Amazon Pay ICICI Bank Credit Card
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Flipkart Axis Bank Credit Card
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Axis Bank Ace Credit Card
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Cashback Rates 1% – 5%

1% – 5%

1.5% – 5%

2% – 5%

Other benefits Fuel Surcharge WaiverFuel Surcharge WaiverFuel Surcharge WaiverFuel Surcharge Waiver
Annual Fee ₹1,000 + Applicable Taxes

No Annual Fees

₹500

₹499

Annual Fee Offers Annual Fee Reversal on meeting ₹1,00,000 spends

Annual fee waived off on annual spends greater than ₹. 2,00,000.

Annual fee waived off on annual spends greater than ₹. 2,00,000.

Minimum Income Not Specified

Not Specified

Not Specified

Not Specified

Detailed Review of the HDFC Bank MoneyBack+ Credit Card

Features & Benefits of HDFC Bank MoneyBack+ Credit Card

3.3% special cashback benefit on 5 select partners – Amazon || Flipkart || BigBasket || Reliance Smart Superstore || Swiggy (10X)

You earn ₹3.3, on every ₹100 you spend on these partners  – only on purchases upto ₹18,750 per month

Earning & redeeming reward points :

✓ You earn 20 CashPoints on every ₹150 you spend = 13.3 CashPoints on every ₹100 you spend = ₹3.3 on every ₹100 you spend in this category. Since 1 CashPoint = ₹0.25 or 25 paise.
✓ 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 can be redeemed as cashback against your credit card statement balance – through net banking, phone banking or physical redemption form.
✓ The minimum CashPoint balance required for redemption is 2000 CashPoints.
✓ CashPoints are valid for 2 years.
✓ CashPoints can also be redeemed against travel benefits and rewards catalogues at the same rate of 1 CashPoint = ₹0.25.

Limits on earning special cashback benefits :
✓ You earn special cashback rate of 5% on these 10 partners, only on combined total purchases of ₹18750 per month (since the monthly limit on earning CashPoints at this special rate is 2500 CashPoints).
✓ After the first ₹18,750 spent in this category during the month, you shall earn basic cashback rate of 0.33% on all additional purchases in this category.

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

You earn ₹1.67 , on every ₹100 you spend on EMI transactions at merchant locations (at the time of purchase) – only on purchases upto ₹37,500 per month.

Earning & redeeming reward points :

✓ You earn 10 CashPoints on every ₹150 you spend = 6.6 CashPoints on every ₹100 you spend = ₹1.67 on every ₹100 you spend in this category. Since 1 CashPoint = ₹0.25 or 25 paise.
✓ EMI transaction should happen at the merchant location at the time of purchase. You earn no cash points on post facto EMI conversion.
✓ 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 can be redeemed as cashback against your credit card statement balance – through net banking, phone banking or physical redemption form.
✓ The minimum CashPoint balance required for redemption is 2000 CashPoints.
✓ CashPoints are valid for 2 years.
✓ CashPoints can also be redeemed against travel benefits and rewards catalogues at the same rate of 1 CashPoint = ₹0.25.

Limits on earning special cashback benefits :
✓ You earn special cashback rate of 1.67% in this category, only on total purchases of ₹37500 per month (since the monthly limit on earning CashPoints at this special rate is 2500 CashPoints).
✓ After the first ₹37500 spent in this category during the month, you shall earn basic cashback rate of 0.33% on all additional purchases in this category.

0.33% basic cashback on all other spends (X)

You earn ₹0.33 or 33 paise, on every ₹100 you spend on all other purchases

Earning reward points :

✓ You earn 2 CashPoints on every ₹150 you spend in this category = 1.33 CashPoints on every ₹100 you spend = ₹0.33 or 33 paise, on every ₹100 you spend. Since 1 CashPoint = ₹0.25 or 25 paise.
✓ 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 can be redeemed as cashback against your credit card statement balance – through net banking, phone banking or physical redemption form.
✓ The minimum CashPoint balance required for redemption is 2000 CashPoints.
✓ CashPoints are valid for 2 years.
✓ CashPoints can also be redeemed against travel benefits and rewards catalogues at the same rate of 1 CashPoint = ₹0.25.

Limits on earning special cashback benefits :
– There is no monthly limit to earn CashPoints at this rate.

Upto 1% additional milestone related benefits

You get additional benefits based on achievement of quarterly spend targets. For each calendar quarter, if you spend ₹50,000 or more, you will receive gift vouchers worth ₹500.

1% fuel surcharge waiver

Applicable fuel stations and brands : Fuel surcharge waiver applies at all petrol stations.
Restrictions on waiver benefits :
– The waiver is given only on fuel transactions between ₹400 and ₹5000
– The waiver is given only upto a maximum of ₹25,000 in fuel spends per month (since the maximum waiver is restricted to ₹250 per monthly card statement cycle)
– You need to meet both the above criteria to qualify for the fuel surcharge waiver

Card Fees and Charges

Annual fee & annual fee offers

Annual feeAnnual 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 for an HDFC Millennia Credit Card, 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

How To Apply & Track Your Application Status ?

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.

Other Cardholder Benefits

24/7 customer supportYour bank is always available; please click here for all the options to contact the bank.
Security featuresChip and PIN technology – security for offline transactions : In the past, credit cards typically used a magnetic stripe located on the back of the card to store and transact data. However, the latest generation of credit cards includes a CHIP and PIN feature, which provides enhanced security. Only you know your PIN, so even if your card is lost, it is unlikely to be misused since BOTH the physical card and the PIN must be spent on the card.

Two-factor authentication – security for online transactions : When making an online transaction, you approve your online transaction by using a One-time Password (OTP) you get on your mobile phone. Since only you know the OTP, the card is unlikely to be misused unless someone has access to BOTH your card details AND your mobile phone. This ensures a safe online purchase experience.

SMS alerts and notifications – for both offline and online transactions : For your peace of mind, you get free SMS alerts and notifications for all your transactions. Hence you will know about all transactions on your card. In the unlikely scenario of misusing your card, you would still get these alerts and notifications – which will help you immediately block your credit card.
Contactless paymentLook for the contactless network symbol on your card to determine if your credit card is contactless.

In India, contactless payments are allowed for a maximum of ₹5000 for a single transaction without requiring a credit card PIN. For transactions equal to or higher than ₹5000, the cardholder must input their credit card PIN for security reasons.
Zero lost card liabilityIn the unfortunate event of you losing your HDFC Credit Card, 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.
Interest free credit periodUp to 50 days of interest free period on your HDFC Credit Card from the date of purchase (subject to the submission of the charge by the Merchant)

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.

Apply Now

on HDFC Bank website

Frequently Asked Questions

What is the minimum income requirement for the HDFC MoneyBack+ Credit Card?

The minimum income requirement for this card is ₹20,000 per month for salaried persons, and ₹6 lakhs per year for self-employed individuals.

Can I use this credit card for international transactions?

Yes, you can use the HDFC MoneyBack+ credit card for international transactions. You will be charged a forex fee of 3.50% on the value of all international transactions.

What is the credit limit on this card?

The credit limit on the HDFC MoneyBack+ Credit Card will be determined based on factors such as your overall financial situation, income, credit utilisation, credit history etc.

What is the annual fee associated with this credit card?

The annual fee charged on the HDFC MoneyBack+ Credit Card is ₹500. You get welcome benefits worth ₹125 on payment of first year annual fee. Annual fee from the second year onwards is waived off if you spend a minimum of ₹50,000 in the previous year.

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