HDFC Moneyback Credit Card Review

HDFC Bank, the uncrowned king of the Indian credit card market is best known for its useful and beneficial credit card lineup. Their cards are generally enriched with usefulness and exclusive offers. And the hdfc bank moneyback credit card is not an exception. 

This money back hdfc credit card is specially designed to help you to earn more reward points from your transactions. It offers exclusive reward benefits, fuel surcharge waivers, annual fee waiver options, and some exclusive hdfc money back credit card features like  EMI facilities, contactless payment options, etc. Also to sweeten the whole deal, HDFC bank offers complimentary lost card liability coverage on this card. So, let’s have a closer look at the hdfc money back credit card details and see if it is worth the Rs. 500 annual fee or not. 

How does the hdfc moneyback credit card eligibility work?

  • Resident Type: Indian
  • HDFC moneyback credit card eligibility criteria for salaried person:
    • Age: Between 21 to 60 years. 
    • Income: The average monthly income should be above Rs. 25,000.
  • HDFC moneyback credit card eligibility criteria for self-employed person:
    • Age: Between 21 to 65 years.
    • Income: Income Tax Return should be greater than Rs. 6 lakh. 
  • A long relationship with the bank. 
  • An excellent Credit Score (Above 760) is needed to apply for this moneyback hdfc credit card .

As you submit your hdfc credit card application, you will get a unique application id that you can use to track your hdfc bank credit card application online.

What documents are required for the hdfc moneyback visa platinum credit card application?

  • Photocopy of Address proof (any 1)
    • Last 6 months bank account Statement
    • Aadhar Card
    • Driving License
    • Passport
    • Utility bills
  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Two recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Salary Slip of last 3 months
      • ITR (Income Tax Return) 
    • Self-employed person
      • Income tax return of the last year
      • Proof of business

As per the new rbi guidelines for credit card issuers, all new credit cards are delivered in an inactive state. The users can activate them by generating a four-digit PIN. Now if you are thinking about how to activate hdfc credit card pin for the first time then feel free to take a look at our hdfc credit card faq page.

What are the hdfc credit card fees?

  • HDFC money back card joining fee: Rs. 500 + GST
  • HDFC money back credit card annual fees: Rs. 500 + GST

What are the hdfc money back credit card benefits

  • A huge joining bonus to welcome you:

HDFC likes to welcome their new customers with some special gifts and this is not an exception with this hdfc money back card. With the activation of hdfc credit card , you will get 500 cash points as a welcome gift. The points will be credited to your account with the payment of the first year hdfc moneyback credit card annual fee.

  • Exclusive hdfc credit card money back offers to make your every transaction rewarding:

This card is best for offering exclusive reward points on your everyday spending. On each Rs. 150 spent, the hdfc bank moneyback credit card offers 2 reward points. You will also get 2X reward points for the same on online transactions. You can earn up to 500 hdfc money back credit card points in a credit cycle. 

These hdfc moneyback credit card reward points are easily redeemable; you can use those points for hotel/flight/travel bookings. You can pay up to 50% of your booking value through these points. You can also use those points to buy a product from the hdfc money back credit card reward points redemption catalog. 

Generally, 1hdfc money back credit card reward points value in rupees is equal to Rs. 0.25. But it highly depends on how you use them, you can get a clear idea from the table below. 

The hdfc platinum money back credit card reward point value depending on the redemption method                 

Via hdfc credit card catalogue

Via SmartBuy

If converted into Air Miles 

If redeemed into cash

0.25

0.2

0.25

0.2

You can check your total earned hdfc credit card rewards points from your credit card statement. You can also download hdfc credit card statement from your hdfc credit card mobile app.  

  • HDFC moneyback credit card fuel surcharge waiver:

This hdfc visa money back credit card has some exclusive offerings on fuel purchases, you will get a 1% waiver on fuel surcharges. You can earn up to Rs. 250 waiver in a hdfc credit card billing cycle . The transaction amount should be greater than Rs. 400. 

  • Milestone offers on hdfc money back credit card:

With this hdfc bank money back credit card , you can earn some extra benefits too. The details are given below. 

Transaction            

Time

Total Benefit

Rs. 50,000 In a calendar quarter.                A gift voucher worth Rs. 500.
Rs. 50,000 In the first year. The hdfc money back credit card annual fee will be waived off.      

So if you want to make your hdfc moneyback credit card lifetime free then you just have to keep spending Rs.50,000 per year.

  • Make repayments easier with the low-cost EMI facility:

With the hdfc money back credit card emi facility, you can convert your high-value transaction into small monthly installments. This feature is very helpful for frequent shoppers. You can find the complete hdfc credit card emi conversion process on our faq page. You can calculate the applicable hdfc moneyback credit card interest rate on EMI from the hdfc credit card emi calculator

Also, this hdfc moneyback credit card offers up to 50 days of an interest-free period. 

  • Complimentary lost card liability coverage to stand for you in emergencies:

On this money back credit card hdfc bank offers zero lost card liability coverage. That means if your hdfc bank credit card ever gets stolen, all you have to do is to report the loss just by calling the hdfc bank credit card helpline number and you will no longer be liable for any bad that happens to your card. You can find the complete hdfc credit card terms and conditions here

  • Make life easier with the convenient hdfc credit card bill payment options:

HDFC Bank allows you to make your monthly hdfc credit card payment from your net banking account or from your hdfc bank credit card app. You can also use any credit card payment app like Cred, Google pay, Paytm, Phone pe, etc.

  • HDFC credit card contactless payment feature:

This hdfc bank moneyback credit card comes with an advanced contactless payment facility. It allows you to make payments just by placing your card over any POS machine that accepts contactless payments. You can control the HDFC credit card contactless payment feature from your net banking account, click here to go to the hdfc credit card login page.

What are the hdfc moneyback credit card charges?

Particulars 

Payable amount

HDFC credit card cash withdrawal charges.  2.5% against the withdrawn amount,  (Max Rs. 500). Check your hdfc moneyback credit card limit before making a withdrawal.
HDFC credit card finance charges. The hdfc money back credit card interest rate can go up to 3.49% monthly which is 41.88% annually.
HDFC credit card international transaction charge. 3.5% against the transacted amount.
HDFC moneyback credit card add-on card fee. Free for a lifetime.

How to contact the hdfc credit card customer service department?

  • Call the hdfc credit card customer care toll free number: 1800-266-4332 (Toll Free) or 022-616-6161
  • HDFC credit card complaint email id: customerservices.cards@hdfcbank.com 

100xGain Ratings: 

7/10

Pros and cons of the hdfc bank moneyback credit card:

Pros

Cons

  • There is a handsome monthly waiver on fuel surcharges.
  • The rate of earning hdfc moneyback credit card reward points is quite impressive.
  • This hdfc moneyback credit card features a very attractive milestone benefit scheme.
  • You will not get any dining and entertainment benefits from this hdfc bank moneyback credit card.
  • This hdfc bank credit card doesn’t feature any travel booking benefits.

Final Opinion:

IF you want a basic credit card for your everyday expenses then this hdfc bank moneyback credit card can be the best option for you. Like all credit cards, it has some pros and cons too. Let’s discuss the pros first. This hdfc moneyback credit card offers some exclusive reward benefits which can be helpful if you want to earn reward points from your card, this card also offers a fuel surcharge waiver and milestone benefit which makes it perfect for everyday use. 

I think the major drawback of this card is that it does not offer any hdfc money back credit card lounge access , or some hdfc money back credit card movie offers . Also, this card does not offer golf access, but this is not a deal-breaker, so if you are looking for a basic credit card then you can definitely go for this hdfc moneyback card. Otherwise, you can take a look at the alternative card options given below.

Alternative cards of the moneyback hdfc credit card:  

  1. HDFC times titanium credit card (Best for reward points, movie, and shopping benefits) 
  2. HDFC easy emi credit card (Best for offering cashback, fuel surcharge waiver, and milestone benefits) 
  3. LIC visa platinum credit card (Best for reward points, fuel surcharge waiver, and insurance coverage protection) 

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