By Bharti Bisht
Updated On October 7, 2021

The HDFC Bank MoneyBack Plus Credit Card can be considered a superior version of the HDFC Bank MoneyBack Credit Card. Although both the cards come with a similar joining & annual fee (Rs. 500), the MoneyBack+ card provides a higher reward rate. With this card, you can earn up to 20 Cash Points on every Rs. 150 you spend. These cash points can be redeemed against statement balance, product catalogue, Airmiles, and several more options. Not only cashback, but you can also get gift vouchers worth up to Rs. 2,000 on achieving the milestone spends.

Talking about the dining spends of this card, you can enjoy a discount of up to 15% on dining across over 2,000 premium restaurants in the country. The card allows its customers to save in a lot more ways, such as fuel surcharge waiver, spend-based annual fee waiver, etc. To get more detailed information about the HDFC bank MoneyBack Plus Credit Card, keep reading:

HDFC MoneyBack Plus Credit Card

Best Suited For

Shopping |

Joining Fee

Rs. 500 + applicable taxes

Reward Type

Reward Points |

Product Details

  • Welcome bonus of 500 Cash Points.
  • 2 Cash Points on every spend of Rs. 150.
  • 5x Cash Points on selected merchant outlets.
  • 10x Cash points on partner brands, including Amazon, Flipkart, etc.
  • Gift vouchers worth up to Rs. 2,000 every year.
  • Up to 15% off on dining.
  • Spend-based renewal fee waiver.
  • 1% fuel surcharge waiver at all fuel stations.

Rewards and Benefits

Welcome Benefits

500 Cash Points

Movie & Dining

Up to 15% of on dining at over 2,000 premium restaurants.

Rewards Rate

2 cash Points per Rs. 150 spent on retail purchases, 5x Cash Points on EMI transactions at selected merchant locations, 10x Cash Points on partner brands.

Reward Redemption

1 RP = Re. 0.25 for redemption against cashback / product catalogue / Smartbuy and 1 RP = 0.25 Airmile for redemption against airmiles.

Travel

NA

Golf

NA

Domestic Lounge Access

NA

International Lounge Access

NA

Insurance Benefits

NA

Zero Liability Protection

Cardholders won’t be liable for any fraudulent transactions on a lost/stolen card if the card is reported lost/stolen to the bank in a timely manner.

Fees & Charges

Joining Fee

Rs. 500 + applicable taxes

Renewal Fee

Rs. 500 + applicable taxes

Spend based Waiver

The renewal fee is waived off on spending Rs. 50,000 or more in the previous year.

Rewards Redemption Fee

Rs. 99 per redemption request

Rewards Redemption Fee

Rs. 99 per redemption request

Foreign Currency Markup

3.5 % on all foreign currency transactions

Interest Rates

3.49% per month

Fuel Surcharge

1% fuel surcharge is waived off at all fuel stations across India.

Cash Advance Charge

2.5% of the cash amount transacted or Rs. 500 (whichever is higher)

Add-on Card Fee

Nil

Welcome Benefits

  • You get 500 Cash points as a welcome gift after successful payment of the joining fee.
  • You also get 500 Cash points every year on card renewal.

HDFC Bank MoneyBack Plus Credit Card Rewards

  • You get 2 Cash Points on every spend of Rs. 150.
  • You get 5x Cash Points (10 CPs per Rs. 150) on EMI spends at selected merchant locations. The maximum cash points under this category are capped at 2,500 points per month.
  • You get 10x Cash Points (20 CPs per Rs. 150) on your spends on Amazon, Flipkart, Big Basket, Reliance Smart Superstore, and Swiggy. The bonus cash points under this category are capped at 2,500 points per month.
  • These cashpoints are valid for 2 years from the date of accrual.
  • No Cash Points are accrued on fuel transactions, wallet reloads, and voucher purchases.

Reward Redemption

  • 1 Cash Point = Re. 0.25 for redemption against statement cash. The points can be redeemed against cash credit by login into your net banking account and you should have a minimum of 500 Cash Points.
  • 1 Cash Point = Re. 0.25 for redemption against flight/hotel bookings on Smartbuy. Only up to 50% of the booking can be done through the cash points and the rest has to be paid through the cardholder’s account.
  • 1 Cash Point = Re. 0.25 for redemption against product catalog.
  • 1 Cash Point = 0.25 Airmile for redemption against Airmiles.

Milestone Benefits

You get a gift voucher worth Rs. 500 on spending Rs. 50,000 or more in a calendar quarter.

Dining Benefits

You get a discount of up to 15% on dining across more than 2,000 premium restaurants on paying through your HDFC Bank MoneyBack Plus Credit Card.

Fuel Surcharge Waiver

The 1% fuel surcharge is waived off for all fuel transactions when you pay using your HDFC Bank MoneyBack+ Credit Card. The maximum surcharge waiver is capped at Rs. 250 per billing cycle for this card.

Spend-Based Renewal Fee Waiver

The renewal fee of Rs. 500 is waived off if you spend Rs. 50,000 or more in the previous anniversary year.

Eligibility Criteria for HDFC Bank MoneyBack Plus Credit Card

Criteria Age  Income
Salaried 21 years - 60 years >Rs. 20,000 per month
Self-Employed 21 years - 65 years >Rs. 6 lakhs per annum

Conclusion

With its great reward offers and redemption options, the HDFC bank MoneyBack+ Credit Card can be considered a great card for regular spends. Being a basic and affordable card, it provides you with an amazing reward rate (up to 3.33%) and hence you can save a lot. Other than the regular cash points (2 on every Rs. 150), you can earn up to 5,000 bonus cash points every month. Moreover, you can earn exciting gift vouchers every quarter and get your renewal fee waived off on the basis of your annual spends. All these basic but amazing features of this card make it worth trying. If you are looking for a credit card to manage your everyday expenses, this card would be a significant choice.

FAQs:

The annual fee of the HDFC Bank MoneyBack Plus Credit Card is Rs. 500 plus applicable taxes.

For redemption against statement balance, the value of 1 Cash Point = Re. 0.25 for the HDFC Bank MoneyBack Plus Credit Card.

Yes, the benefit through the fuel surcharge waiver is capped at Rs. 250 per billing cycle for this card.

Yes, you get 500 bonus cash points every year on payment of the renewal fee.

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