HDFC MoneyBack Credit Card – Suitable for New to Credit Customers

With this credit card, you can earn cashback as well as reward points on your transactions.
The good thing is that you can convert your earned reward points into cashback, which is a rare feature and generally not available on the basic credit cards. Here are some of the major HDFC MoneyBack Credit Card benefts:

Up to 4 Reward Points

You can earn reward points on your online as well as offline transactions via this credit card. However, the maximum reward point benefits are provided on online transactions. Here are the details regarding the same:

• 2 reward points for every Rs. 150 spent across all categories
• 4 reward points per Rs. 150 spent on online transactions

As mentioned above, this credit card lets you convert earned reward points into cashback, as per the below terms and conditions:

• 1 reward point is equal to Rs. 0.20, i.e., 100 reward points are equivalent to Rs. 20 cashback
• A minimum balance of 2,500 reward points is required to redeem reward points against the statement balance
• The points will be converted into cashback only in multiples of 500

Suggested Read: 5 Best Rewards Credit Cards in India | Best UPI Credit Cards with Zero Annual Fee 

Other Benefits

Apart from the reward points or cashback, this credit card also offers other benefits, such as zero lost card liability, fuel surcharge waiver, EMI option and much more. Below mentioned are some of the other benefits of HDFC MoneyBack Credit Card:

Welcome Benefit: 500 Cash Points at the time of joining after the payment of membership fee.

Annual Spend-based Benefit: Gift vouchers worth Rs. 500 on spending Rs. 50,000 in each calendar quarter.

Renewal Fee Waiver: Spend Rs. 50,000 in the first year and avail renewal fee waiver on your first year fee.

Fuel Surcharge Waiver: 1% fuel surcharge waiver (max. cashback of Rs. 250) on a minimum transaction of Rs. 400.

Zero Lost Card Liability: Report your loss or any fraudulent transaction immediately to avail this facility.

Below mentioned are the fees and charges associated with this credit card:

Click here to know other associated fees and charges.

The applicant must fulfill the below-mentioned eligibility criteria to apply for HDFC MoneyBack Credit Card:  

Quick Read : HDFC Infinia Credit Card

If you are a frequent online shopper, then HDFC MoneyBack Credit card can be a satisfactory option for you as it offers more reward points on online purchases. This card is basically an ideal option for those who are new to credit and don’t want to pay a high annual fee. At an annual fee of Rs. 500, this credit card offers decent benefits to its users. You can apply for this HDFC Bank Credit Card if:

• You are a beginner and want to start your credit journey
• You are a frequent online and offline shopper
• You want to earn rewards that can be converted into cashback
• You want to build your credit score but cannot get approved for other credit cards

Read our detailed review of HDFC Bank MoneyBack Credit Card

If you are looking for other credit cards that offer benefits similar to MoneyBack, then you can refer to the cards mentioned in the table below:

Important: As per RBI guidelines, issuance of new credit cards on Mastercard platform has been discontinued until further notice. Normal card services will continue for existing users. HDFC Bank will continue to issue the Visa variant of this card.

Q. How can I apply for HDFC MoneyBack Credit Card?

A. You can apply for HDFC MoneyBack Credit Card via both online and offline modes. If you want to apply offline, then you can visit the nearest branch of the bank to fill out the application form. However, to apply online, you can visit the official website of HDFC Bank.

Q. What is HDFC MoneyBack Credit Card Limit?

A. The credit limit is decided by the bank on several factors, such as credit score, annual income and cardholder’s age. It is disclosed only after applying for the credit card. Once you apply for the credit card and your application is approved, the bank will communicate the credit limit to you.

Q. Can I withdraw cash from HDFC MoneyBack credit card?

A. Yes, you can withdraw cash from your credit card account. However, the bank will charge a cash advance fee of 2.5% or Rs. 500 (whichever is higher) for withdrawing cash through your credit card.
Therefore, you should note that cash withdrawals from credit cards carry finance charges from the day of withdrawal, meaning that the interest-free period is not applicable to cash withdrawal transactions.

Q. How can I redeem HDFC MoneyBack Credit Card reward points into cash?

A. You can redeem your earned reward points into cash via internet banking. Under the redemption portal after logging in, you will see an option of converting reward points into cash. You can click on that to redeem your reward points against cashback. The cash credit is usually credited within 7 working days.

Q. How can I check my HDFC MoneyBack Credit Card statement online?

A. You can check your credit card statement online by visiting the official website of HDFC Bank. You need to log in to your account and click on ‘Cards’ and select the ‘Enquire’ option to view your statement. Besides this, you can also use HDFC mobile banking app to download your billed statement.

Also Check: Best HDFC Credit Cards for 2026

Q. Does HDFC MoneyBack Credit Card offer a smart EMI option?

A. Yes, with this credit card, you can convert your big-ticket purchases into EMIs. This is applicable on insurance, groceries, medical, petrol, utility, apparel, education, electronics and travel categories. However, you cannot convert your gold and jewelry related purchases into EMIs.

Quick Read: Credit Card EMI Conversion: Pros & Cons

Q. What is the interest-free period offered on HDFC MoneyBack Credit Card?

A. The bank offers an interest-free credit period of up to 50 days on HDFC MoneyBack Credit Card. The interest-free period is offered from the date of purchase and subject to the submission of charge by the merchant.