HDFC Moneyback Credit Card is an entry-level credit card in India that is famous for its cashbacks on all transactions. It is a superb choice for frequent online buyers as it offers many benefits on online shopping. One can redeem the cashback along with the reward points against the statement balance to reduce the outstanding bill amount of the credit card. Also, the accumulated cashback and reward points can be used to book flight or hotel tickets and purchase products or vouchers online.
Features and Benefits of HDFC MoneyBack Credit Card
Mentioned below are the features of an HDFC Moneyback Credit Card:
- Earn 2 Reward Points on every INR 150 spent (Excluding fuel transactions, wallet loads/prepaid card loads, and voucher purchases)
- Earn 2X Reward Points i.e. 4 Reward Points on every INR 150 spent online*
- Every quarter, get a gift voucher worth INR 500 on spends of INR 50,000. Earn up to INR 2,000 worth of gift vouchers in a year.
- In the unfortunate event of losing your HDFC Bank MoneyBack Card, on reporting it immediately to our 24-hour call center, you have zero liability for any fraudulent transactions made on your Credit Card.
- Up to 50 days of interest-free period on your HDFC Bank MoneyBack Credit Card from the date of purchase (subject to the submission of the charge by the Merchant)
- Enjoy Revolving Credit on your HDFC Bank MoneyBack Credit Card at nominal interest rate.
- Enjoy amazing dining benefits with the Good Food Trail program.
- Get up to 20 % savings on all your restaurant bill payments via Swiggy Dine Out (20k + restaurants) (Offer inclusive of Restaurant and Swiggy Discount). Offer valid only on payments done via Swiggy App.
- 1% Fuel Surcharge waiver on fuel transactions (Minimum transaction of ₹400, Maximum transaction of ₹5,000 & Maximum waiver of ₹250 per statement cycle).
- 500 Cash Points (applicable only on payment of membership fee)
- Spend ₹50,000 and above in each calendar quarter and get ₹500 worth of gift vouchers
- Spend ₹50,000 and above in the first year and get the renewal membership fee waived off
- HDFC Bank MoneyBack Credit Card comes with an option to convert your big spending into EMI after purchase.
- The HDFC Bank MoneyBack Credit Card is enabled for contactless payments, facilitating fast, convenient, and secure payments at retail outlets.
- To see if the Card is contactless, look for the contactless network symbol on your Card.
- Reward Points accumulated on HDFC Bank MoneyBack Credit Card can be redeemed against the statement balance at the rate 1 RP = ₹0.20
- For redemption against the statement balance, the Cardholder must have a minimum of 2,500 Reward Points
Reward Points Validity:
Reward Points earned on your HDFC Bank MoneyBack Credit Card are valid only for 2 years from the date of accumulation.
| 1 RP Equivalent to | |
| Product Catalogue | Up to 0.25 |
| Unified SmartBuy (Flights/Hotels) | 0.2 |
| Cashback | 0.2 |
| Airmiles | 0.25 |
Note:
- With effect from 1st January 2023, Rent payments and Govt. Related transactions will not earn Reward Points
- With effect from 1st January 2023, Reward points earned on Grocery transactions will be capped per month to 1,000 reward points.
Eligibility Criteria
Mentioned below are the eligibility criteria to apply for an HDFC Moneyback Credit Card:
| Criteria | Salaried Indian National | Self Employed Indian National |
| Age | Minimum Age: 21 YearsMaximum Age: 60 Years | Minimum Age: 21 YearsMaximum Age: 65 Years |
| Gross Monthly Income | INR 25000 per month | ITR of INR 6 lakhs or above |
Documents Required
Mentioned below is the list of documents required to apply for an HDFC MoneyBack Credit Card:
| Title | Details |
| Proof of Identity | PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI, or any other government-approved photo ID proof |
| Proof of Address | Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof |
| Proof of Income | Latest one or 2 salary slips (not more than 3 months old), the Latest Form 16, Last 3 months’ bank statement |
Fees & Charges
Mentioned below are the fees to apply for HDFC Moneyback Credit Card:
| Fee and Charges | Amount |
| Joining Fees | INR 500 |
| Interest Rate | 3.6% p.m. |
| Annual Fee | INR 500 |
| Late Payment Charge | Less than INR 100 – NilINR 100 to INR 500 – INR 100INR 501 to INR 5,000 – INR 500INR 5,001 to INR10,000 – INR 600INR 10,001 to INR 25,000 – INR 800INR 25,001 to INR 50,000 – INR 1,100Over INR 50,000 – INR 1,300 |
Who Should Apply?
One should hit on the HDFC Credit card Apply button if,
- He/ she is a beginner and wants to start the credit journey.
- He/ she is a frequent online and offline shopper.
- He/ she wants to earn rewards that can be converted into cashback.
- He/ she wants to build a credit score but cannot get approved for other credit cards.
How to Apply for HDFC Moneyback Credit Card?
Mentioned below are the steps to apply for HDFC Moneyback Credit Card:
Step 1: Open the official website of HDFC Bank.
Step 2: Go to the top of the page and click on “Check Eligibility”
Step 3: Fill out the details to check the eligibility for the card.
Step 4: Click on “Apply Now” if the eligibility parameters are met.
Step 5: Provide the necessary documents along with the information.
Step 6: Click on “Submit”.
Step 7: An acknowledgment will be received along with an “Application ID” after its submission which could be used to track the application.
FAQ’s
- What is the credit limit of the HDFC Moneyback Credit Card?
The credit card limit of HDFC Moneyback Credit cards depends on multiple factors like credit score, annual income, age of the cardholder, etc. It gets disclosed to the applicant only after applying for the same. Once the card is applied for, and it gets approved, the bank will communicate the credit card limit.
- Can cash be withdrawn from the HDFC Moneyback Credit Card?
Yes, one can withdraw cash from the credit card account. However, a fee of INR 500 or 2.5% (whichever is higher) is charged i.e. Cash Advanced Fees against withdrawal.
