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HDFC MoneyBack Credit Card
Annual Fees
500
Add to Compare
Percentage Savings range
0.25% - 1%
Good for online spends.
Reward Type
Reward Points
Welcome Benefits
500 Cash Points *
Minimum Income
6,00,000
Lounge Access
Not Available
Rewards
Core Rewards :
- 2.6% 4 Cashpoints every Rs.150 spent online upto 500
- 1.3% 2 Cashpoints every Rs.150 spent Offline
Milestone Rewards :
- Monthly : N/A
- Quaterly : 500 worth of voucher on spending Rs. 50,000
- Annual : N/A
No rewards on spends : Fuel, Wallet Loads, Cash Withdrawals, EMI, Rent
Rewards Redemption
How to Redeem :
- Cashback in form of Statement Credit
Redemption options : Statement Cash, Travel Booking, Airmiles
Redemption fee : Rs. 99
Transfer partners :
- Intermiles
- Singapore Airlines (KrisFlyer)
- Air Vistara (CV Points)
Complementary Benefits
Lounge access :
- Domestic Lounge : N/A
- International Lounge : N/A
- Railway Lounge : N/A
Insurance Benefits :
- Lost card liability : Up To Credit Limit
- Personal accidental insurance : N/A
- Air accidental insurance : N/A
Other Benefits :
- Lounge Membership : N/A
- Memberships Available With Cards : N/A
- Spa Benefits : N/A
Golf Benefits :
- Lessons : N/A
- Games : N/A
Fees
Joining fees : 500
Annual fees : 500
Welcome Benefits : 500 Cash Points
Quaterly Benefits : N/A
Annual Benefits : N/A
Forex markup charges : 3.50%
Fee reversal criteria : Spend Rs. 50,000 in a year
Eligibility
Minimum age : 21
Minimum ITR : 6,00,000
Minimum Salary : 25,000
HDFC MoneyBack Credit Card Welcome Benefits
- Welcome Benefits: Upon receiving your HDFC MoneyBack Credit Card, you'll enjoy a welcome benefit of 500 Cash Points. These Cash Points can be used for various redemption options, offering you a head start in maximizing the benefits of your new credit card.
HDFC MoneyBack Credit Card Reward Points/Cashback
- Core Rewards: Earn 4 Cash Points for every Rs. 150 spent online (up to 500) and 2 Cash Points for every Rs. 150 spent offline.
- Milestone Rewards: Receive a voucher worth Rs. 500 on quarterly spending of Rs. 50,000.
- Dining Benefits: Enjoy up to 20% savings on restaurant bills through the Good Food Trail program and Swiggy Dineout.
- Rewards Rate: Redeem 1 Reward Point for Rs. 0.20 against your statement balance or Rs. 0.25 through the Smartbuy Rewards portal.
- Travel, Golf, Lounge Access, and Insurance: Not available with this card.
HDFC MoneyBack Credit Card Reward Point Redemption
- Log in: Visit the HDFC bank website and log in to your credit card account.
- Navigate to Redemption: Once logged in, navigate to the rewards or redemption section of your credit card account.
- Choose Redemption Option: Select the redemption option you prefer. You can choose from options like statement cash, travel booking, or airmiles.
- Select Partners: If you opt for airmiles, you can transfer your reward points to partner airlines, including Intermiles, Singapore Airlines (KrisFlyer), and Air Vistara (CV Points).
- Redeem Points: Follow the on-screen instructions to complete the redemption process. Be aware that there may be a redemption fee of Rs. 99 for certain redemption options.
Pros of HDFC MoneyBack Credit Card
- Secure Transactions: Chip technology ensures secure transactions worldwide.
- Interest-Free Credit: Enjoy up to 50 days of interest-free credit.
- Lost Card Protection: No liability for unauthorized transactions upon reporting loss.
- Reward Points: Earn and redeem Reward Points for cashback, travel, and more.
- Fuel Savings: Save up to Rs. 1,800 annually on fuel purchases.
- No Lounge Access: The card doesn't offer access to airport lounges.
- No Insurance Benefits: It lacks personal or air accidental insurance.
- Reward Points Validity: Accumulated Reward Points are valid for two years.
- Online Expense Bonus: Earn additional rewards on online spending.
- Redemption Options: Redeem points for statement cash, travel, or airmiles.
HDFC MoneyBack Credit Card Charges and Fee
- Joining Fees: Rs. 500
- Annual Fees: Rs. 500
- Welcome Benefits: 500 Cash Points
- Spend-Based Fee Waiver: Annual fee waived on spending Rs. 50,000 or more in the previous year.
- Rewards Redemption Fee: Rs. 99 per redemption request (plus applicable taxes)
- Foreign Currency Markup: 3.5% per currency conversion (plus applicable taxes)
- Interest Rates: 3.6% per month (43.2% per annum)
- Fuel Surcharge: 1% fuel surcharge waiver on all fuel transactions in India.
- Cash Advance Charges: 2.5% of the withdrawal amount, with a minimum charge of Rs 500
- Add-on Card Fee: Nil
- Late Payment Charges: Vary based on outstanding balance, ranging from Nil to Rs. 1,300 for balances over Rs. 50,000.
- Spend-Based Fee Waiver: The annual fee is waived if you spend Rs. 50,000 or more in the previous year.
About Us
- Technical info
- Credit Cards 101
Contact
hello@joinsimplyfi.com
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