Key Highlights of HDFC MoneyBack+ Credit Card
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| Best Suited For | Rewards |
| Joining Fee | Rs. 500 |
| Annual Fee | Rs. 500 (Waived off on spending Rs. 50,000 in a year) |
| Minimum Income Required | Salaried: Rs. 20,000 p.m. Self-employed: ITR> Rs. 6 lakh p.a. |
| Welcome Benefit | 500 CashPoints on the payment of joining fee |
| Best Feature | 10X CashPoints on Amazon, Swiggy, BigBasket, Reliance Smart SuperStore & Flipkart |
| Paisabazaar’s Rating | ★★★ (3.5/5) |
Also Read: Top HDFC Credit Cards | HDFC Credit Card Fees & Charges
HDFC MoneyBack+ Credit Card- Features and Benefits
Earn up to 10X Reward Points
HDFC Moneyback+ Credit Card offers rewards in the form of CashPoints as shown below:
- 10X CashPoints on Flipkart, Amazon, Swiggy, Reliance Smart SuperStore & BigBasket
- 5X CashPoints on EMI spend at merchant locations
- 2 CashPoints per Rs. 150 spent on other categories (except fuel, wallet reload, prepaid card loads, voucher purchases)
Apart from the CashPoint earning rates across different categories, cardholders should also consider the following terms and conditions:
- Under the 5X and 10X category, cardholders can earn a maximum of 2,500 CashPoints in a calendar month
- EMI transactions, even if made with the 10X category merchants, will only earn 5X CashPoints
- Rent payments and government related transactions will NOT earn any CashPoints
- CashPoints on grocery transactions are capped at 1,000 CashPoints in a month
CashPoint Redemption
- Earned CashPoints can be used against the statement balance at the rate of 1 CashPoint = Rs. 0.25. A minimum of 2,000 CashPoints must be available to redeem.
- Cardholders can also use accumulated CashPoints to make purchases on the SmartBuy Platform or make travel and hotel bookings. The rate of redemption in this case is also 1 RP = Rs. 0.25.
- Unused CashPoints will expire in 2 years
Welcome, Renewal and Milestone Benefits
In addition to the general reward earnings, cardholders can also get bonus CashPoints on joining, renewal and discount vouchers on reaching spend milestones as shown below:
- 500 CashPoints on payment of joining fee
- 500 CashPoints on payment of renewal fee
- 500 gift voucher on reaching quarterly spends of Rs. 50,000 or more
Other Benefits of HDFC MoneyBack+ Credit Card
Welcome Benefit: HDFC Bank MoneyBack+ Credit Card comes with an activation benefit of 500 CashPoints wherein, 1 CashPoint = Re. 0.25. Thereby, you get a benefit of around Rs. 125.
Zero Lost Card Liability: The card comes with a zero lost card liability, thereby if you lose your card, then you are not liable for any fraud. However, ensure that you report the loss immediately to 24×7 HDFC Bank Credit Card customer care.
EMI Conversion: With this credit card, you can convert big purchases into easy EMIs post-purchase.
Contactless Payments: The card also enables contactless payments without entering the Credit Card PIN for up to a maximum of Rs. 5,000 for a single transaction.
Fuel Surcharge Waiver: 1% fuel surcharge waiver on a minimum transaction of Rs. 400 and a maximum transaction of Rs. 5,000. The waiver is capped at Rs. 250 per statement cycle.
Suggested read: Popular Credit Cards in India
Should you get this card?
HDFC Moneyback+ is a good entry-level card as it comes with easy income eligibility of Rs. 25,000 per month and offers benefits on some of the most practical everyday categories. It covers groceries with BigBasket offer, lifestyle expenditure with Flipkart and Amazon, dining with Swiggy and other departmental store purchases via Reliance Smart SuperStore. This card is also great for someone looking to make high-ticket purchases on EMIs as, unlike many other cards, it offers accelerated rewards on EMI transactions as well.
The closest competitor of this card are HDFC’s two other cards- Moneyback and Millennia. HDFC Moneyback is good for overall online spends but the reward rate is not impressive as compared to the Moneyback+ variant. On the other hand, HDFC Millennia is quite an impressive alternative as the rewards to cashback ratio also stands strong at 1:1. However, HDFC Millennia charges double the fee at Rs. 1,000.
There are two main drawbacks to HDFC Moneyback+ Credit Card:
- It does not offer any travel benefits, nor does it offer accelerated earnings on any popular travel brand.
- Groceries and fuel are among the two high expense categories for everyone but this card does not offer any rewards on fuel and the earnings on grocery spends are also capped at 1,000 reward points.
Hence, you should consider getting this card, if:
- You frequently make purchases from the partner brands- Flipkart, Amazon, Swiggy, etc.
- You are not looking for travel benefits or already have a travel credit card
- You want a card that offers benefits in the form of reward points and does not charge high annual fee
- You already have a credit card for fuel
To help you choose between the three HDFC Credit Cards mentioned above- Moneyback, Moneyback+ and Millennia, here is a comparison.
Comparison: Moneyback Vs. Moneyback+ Vs. Millennia
| Parameters | Moneyback | Moneyback+ | Millennia |
| Annual Fee | Rs. 500 | Rs. 500 | Rs. 1,000 |
| Income Eligibility | Rs. 25,000 p.m. | Rs. 20,000 p.m. | Rs. 35,000 p.m. |
| Welcome Benefit | 500 CashPoints | 500 CashPoints | 1,000 CashPoints |
| Reward Rate | Earn 2 Reward Points on every Rs. 150 spent
2X Reward Points on all online spends |
10X CashPoints on Amazon, BigBasket , Flipkart, Reliance Smart SuperStore & Swiggy
5X CashPoints on EMI Spends at select merchants |
5% Cashback on Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber and Zomato |
| Redemption Value | Product Catalogue- up to Rs. 0.25 Flights/Hotels- Rs. 0.20 Cashback- Rs. 0.20 Airmiles- Rs. 0.25 |
1 Reward Point = Rs. 0.25 (for all redemption categories) | Product Catalogue- up to Rs. 0.30 Flights/Hotels- Rs. 0.30 Cashback- Rs. 1 Airmiles- Rs. 0.30 |
| Milestone Benefit | Spend Rs. 50,000 in a quarter and get Rs. 500 gift voucher | Spend Rs. 50,000 in a quarter and get Rs. 500 gift voucher | Spend Rs. 1,00,000 in a quarter and get Rs. 1,000 gift voucher |