HDFC MoneyBack Credit Card

HDFC Moneyback Credit Card

Following are some unique features of HDFC MoneyBack Credit Card:

MoneyBack Reward Programme – Rewards points earned on purchases made using the HDFC Bank MoneyBack Credit Card can be easily redeemed for gifts and air miles

Details of MoneyBack rewards are given below:

• 2 reward points accrued for every Rs. 150 spent
• 2X reward points on online spends
• 100 reward points are equal to Rs. 20 as cashback
• Reward points earned on the HDFC Bank MoneyBack Credit Card are valid for a period of 2 years from the date they were earned

However, only retail purchases qualify for reward points. Fuel transactions, cash advance, fees and other charges do not earn reward points. Also, transactions where the total amount is less than Rs. 150 do not accrue any reward points.

Another thing to keep in mind is that a cardholder who is redeeming reward points against the outstanding amount on the card has to pay the minimum due amount.

Also Read- HDFC Reward Credit Cards

Fuel Surcharge Waiver – Fuel surcharge waiver of 1% on transactions above Rs. 400. The upper limit for fuel surcharge waiver is set at Rs. 250 (plus applicable service tax) for every billing cycle

Transaction Security – HDFC Bank MoneyBack Credit Card has the EMV chip technology that is a global standard for credit cards. It can be used at both chip-enabled POS machines as well as regular non-chip POS card swipe machines

Zero Liability on Loss of Credit Card – HDFC Bank MoneyBack Credit Card members must immediately report the loss of card to the bank. They can do this with ease by calling on the 24-hour helpline. This absolves them from any liability if any fraudulent transactions are made using the credit card after reporting its loss

Suggested Read- HDFC Credit Card Insurance

Revolving Credit – HDFC Bank MoneyBack Credit Card customers get the benefit of revolving credit at a nominal interest rate

Interest-Free Credit – HDFC gives a 50-day interest-free window to make the payment after purchase. This period starts from the date of the purchase, provided the merchant submits the charge

2X Rewards on Online Spends – Get 2X reward points on all online purchases

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You can enjoy the following benefits on HDFC MoneyBack credit card:

Waiver of First Year’s Fee – HDFC Bank MoneyBack Credit Card members can gain from the reversal or waiver of the first year’s fee if they spend a minimum of Rs. 10,000 within 90 days starting from the card set-up date.

Reversal of Renewal Fee – The annual renewal fee is also reversed if the cardholder spends Rs. 50,000 in the year before the date of renewal.

Milestone Benefits – Get a gift voucher worth Rs. 500 on making retail purchases of Rs. 50,000 or above every quarter.

Here are a few important fees and charges related to this credit card-

The eligibility criteria for the HDFC Bank MoneyBack Credit Card is same as other HDFC credit cards such as:

• Age

Salaried Employees – The minimum and maximum age for salaried individuals are 21 years and 60 years respectively.

Self-Employed Individuals – The minimum and maximum age for self-employed people are 21 years and 66 years respectively.

• Income

The applicant should have a regular source of income with a minimum monthly take home of Rs. 13,000 per month.

• Nationality

Both Resident Indians and NRIs can apply for HDFC Bank MoneyBack credit card.

One can apply for HDFC Bank MoneyBack credit card through Paisabazaar.com in a few simple steps as given below:

• Click here to begin your application
• Enter the required details and proceed
• Filter the results of HDFC credit cards and then you can find HDFC Bank MoneyBack credit card in the list
• Click on ‘Check Eligibility’ and enter some more details to verify your eligibility for the card
• If approved, you can fill out the detailed form and submit
• After successful online application, you will get a call from the executive to arrange for collecting your documents at your doorstep

Alternatively, you can apply on the bank’s website directly or by visiting the nearest branch of HDFC Bank.

How to use this chip card?

The merchant must follow these steps to use the HDFC Bank chip card:

• Customer can tap the card on a POS terminal
• Then enter the amount
• Wait till the charge-slip is printed out
• Remove the card and get the customer’s signature on the charge slip

What is the Joining fee and Renewal Fee on this credit card?

The Joining Fee and Renewal Fee on this HDFC Bank credit card are Rs. 500.

What eligibility criteria must the applicant meet when applying for this credit card?

The applicant’s age must be as follows.

For Salaried Individuals

Minimum Age – 21 Years

Maximum Age – 60 Years

For Self Employed Individuals

Minimum Age – 21 Years

Maximum Age – 65 Years

*On spending Rs.2 lakh annually

**On spending Rs.4 lakh annually