About HDFC MoneyBack Credit Card
The HDFC MoneyBack Credit Card is one of the most popular entry-level cards in India, offering cashback on every spend. It is especially rewarding for those who frequently shop online, as it provides higher rewards on digital transactions. This card is well-suited for beginners looking to start their credit journey, offering good value for money compared to its annual fee. Below is a detailed overview of the HDFC MoneyBack Credit Card to help you evaluate if it’s the right choice for you.
The HDFC Bank MoneyBack Credit Card is designed to offer rewarding benefits on everyday spending. With this card, you earn a percentage of your spends back as cashback at the end of each billing cycle. It comes with an affordable joining fee of ₹500 and carries an interest rate of 3.49% per month.
HDFC MoneyBack Credit Card Rewards Program
With the HDFC MoneyBack Credit Card, you earn both cashback and reward points on your spends. A key highlight is the ability to convert reward points into cashback—an uncommon feature for entry-level cards.
Reward Points Earning
- 2 Reward Points for every ₹150 spent across all categories
- 4 Reward Points for every ₹150 spent on online transactions
Cashback Conversion
- 1 Reward Point = ₹0.20 (i.e., 100 Reward Points = ₹20 cashback)
- A minimum of 2,500 Reward Points is required for redemption against the statement balance
- Redemption is allowed only in multiples of 500 points
This makes the card a practical choice for beginners who prefer flexibility in rewards and cashback.
Other Features and Benefits
Welcome Benefit
- Get 500 CashPoints on joining, after payment of the membership fee.
Annual Spend-based Benefit
- Receive gift vouchers worth ₹500 on spending ₹50,000 in each calendar quarter.
Renewal Fee Waiver
- Spend ₹50,000 in the first year to get a waiver on the renewal fee.
Fuel Surcharge Waiver
- Enjoy a 1% fuel surcharge waiver on transactions of ₹400 and above (maximum cashback of ₹250 per statement cycle).
Zero Lost Card Liability
- In case of loss or fraudulent transactions, report immediately to avail zero liability protection.
Fees and Charges
| Type of fee/charge | Amount |
|---|
| Joining fee | Rs.500 |
| Annual fee | Rs.500 |
| Interest rate | 3.49% per month |
| Cash withdrawal fee | 2.5% of the withdrawn amount (Minimum Rs.500) |
| Cash advance limit | 40% of the credit limit |
| Rewards redemption fee | Rs.99 per request |
| Late payment charges | - Less than equal to Rs.100 - Nil
- Rs.101 to Rs.500 - Rs.100
- Rs.501 to Rs.1,000 - Rs.500
- Rs.1,001 to Rs.5,000 - Rs.600
- Rs.5,001 to Rs.10,000 - Rs.750
- Rs.10,001 to Rs.25,000 - Rs.900
- Rs.25,001 to Rs.50,000 - Rs.1100
- More than Rs.50,000 Rs.1300
|
| Over limit charges | 2.5% of the over-limit amount (minimum Rs.500) |
| Payment return charges | 2% of payment amount (minimum Rs.450) |
| Cash processing fee | Rs.100 |
| Reissue of lost, stolen or damaged card | Rs.100 |
| Foreign currency transaction fee | 3.5% |
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Document Required For HDFC MoneyBack Credit Card
- Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter ID
- Proof of Address: Aadhaar Card, Driver’s License, Passport
- Proof of Income: Latest 3 salary slips, Last 3 months’ bank statement
Eligibility Criteria
- Age: 21 to 70 years
- Occupation: Salaried or Self-employed
- Credit Score: Should have a good credit history
HDFC MoneyBack Credit Card Highlights
What do we like about this card?
- 4 Reward Points on every ₹150 spent online2 Reward Points on every ₹150 spent offlineRedeem rewards as cashback or gifts via SmartBuyMilestone benefit: ₹500 voucher on ₹50,000 annual spendFuel surcharge waiver
Things to Know Before you apply
Get this card if:
- You’re a beginner looking to start your credit journey
- You frequently shop both online and offline
- You prefer earning rewards that can be converted into cashback
- You want to build your credit score but may find it difficult to get approved for other credit cards
Pros
- Affordable card with low annual fees
- Double reward points on online shopping
- Easy reward redemption process
- Fee waiver at just ₹50,000 annual spend
- Good for new users building credit
Cons
- No airport lounge access
- Rewards limited for wallet loads, fuel, and rent
- Redemption only in multiples of 500 points
- Lower point value compared to premium cards
HDFC Bank Credit Card Contact Details
HDFC Card offers multiple ways to get assistance for your credit card queries and services.
- Contact Address: Manager, HDFC Bank Cards Division, PO BOX # 8654, Thiruvanmiyur PO Chennai - 600 041
- Helpline: You can contact us at 1800 1600 / 1800 2600.
- Simply SMS: - SMS “CCHELP” to 5676712
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Frequently Asked Questions
Yes. You can link your card to PayZapp to make direct payments or add money to your PayZapp account. These transactions are not chargeable.
Reward Points can be redeemed for cashback, gifts, or air miles. For cashback, you must have a minimum of 2,500 points (100 points = ₹20). Redemption can be done through HDFC NetBanking under the rewards portal, and the cashback will be credited to your card account within 7 working days.
While it offers decent cashback for an entry-level card, some drawbacks include:
Fewer reward points compared to premium cards
High number of points required for redemption
No lifestyle benefits like travel or dining perks
Yes. You can apply for a lifetime-free supplementary card for immediate family members above 18 years. The add-on card comes with the same benefits as the primary card.
You can view your statements online via HDFC NetBanking or the HDFC Mobile Banking app. After logging in, go to the ‘Cards’ section → ‘Enquire’ option to view or download your statement.
Yes. You can convert large purchases into EMIs across categories like groceries, insurance, electronics, education, medical, travel, and more. However, gold and jewelry purchases cannot be converted into EMIs.
The credit limit is decided by HDFC Bank after reviewing your income, credit score, age, and other eligibility factors. Generally, the limit ranges between ₹25,000 and ₹1.5–2 lakh. Your exact credit limit will be communicated at the time of card issuance.
You can apply both online and offline. To apply online, visit the official HDFC Bank website and fill out the application form. For offline applications, you can visit your nearest HDFC Bank branch.
