HDFC MoneyBack Credit Card

The HDFC MoneyBack Credit Card is a popular and beginner-friendly credit card in India. As the name suggests, it allows users to earn cashback in the form of reward points on every purchase they make, making it a smart choice for daily spending. The card offers higher rewards for online transactions, making it ideal for frequent online shoppers. The accrued cashback and reward points can be redeemed to reduce outstanding credit card bills or used for flight and hotel bookings, online purchases, and vouchers through HDFC Bank’s SmartBuy platform. With its benefits and user-friendly features, the HDFC MoneyBack Credit Card is a great option for those looking to save money and enjoy rewards on their expenses.

Key Highlights of HDFC MoneyBack Credit Card

  • HDFC MoneyBack Platinum credit card comes with Zero lost card liability on reporting card loss immediately to HDFC’s 24-hour call centre.
  • HDFC MoneyBack credit card offers an interest free credit period of up to 50 days from the date of purchase.
  • You can also apply for the HDFC Bank Business MoneyBack credit card variant.
  • Revolving credit at nominal interest rate.
  • With the Smart EMI option offered with HDFC Money Back credit card, convert your big spends into EMI after purchase.
  • The HDFC Bank Money Back credit card is enabled for contactless payments, facilitating fast, convenient & secure payments at retail outlets.
  • Attractive HDFC MoneyBack credit card reward points on each transaction.

HDFC MoneyBack Credit Card Fees and Charges

  1. Joining Fee: Rs 500 (plus taxes)
  2. Renewal Fee: Rs 500 (plus taxes)
  3. Spend based Waiver: If you spend Rs. 50,000 or more in the previous year, the renewal fee is waived off.
  4. Rewards Redemption Fee: Rs. 99 per redemption request (plus taxes)
  5. Foreign Currency Markup: 3.5% per currency conversion (plus taxes)
  6. Interest Rates: 3.6% per month (43.2% per annum)
  7. Fuel Surcharge: Get a 1% fuel surcharge waiver on all fuel transactions at petrol pumps across India using this credit card.
  8. Cash Advance Charge: 2.5% of the withdrawal amount, with a minimum charge of Rs 500.

HDFC MoneyBack Credit Card Eligibility

For Salaried Indian nationals:

  • Age: Minimum 21 years & Maximum 60 years
  • Gross Monthly Income: Should be more than ₹25,000

For Self-Employed Indian nationals:

  • Age: Minimum 21 years & Maximum 65 years
  • Income: Minimum ITR of ₹6.0 Lakhs per annum

Documents Required for HDFC MoneyBack Credit Card

To apply for the HDFC MoneyBack Credit Card, you’ll need the following documents:

  1. Coloured photographs.
  2. Income Tax Return (ITR) with financial statement.
  3. ID proof.
  4. Address proof.
  5. Copy of PAN card (If PAN is not available, you can submit Form 60).

How to apply for HDFC MoneyBack Credit Card?

To apply for the HDFC MoneyBack credit card:

  1. Go to the official bank website.
  2. Verify your identity on the application page.
  3. Select the credit card you want from the available options.
  4. Fill in your details, review the application, and submit it.
  5. After submission, you’ll receive an application ID to track your application status.
  6. Once approved, the credit card will be sent to the address you provided during the application process.

Frequently Asked Questions (FAQs)

1. What is HDFC MoneyBack Credit Card?

HDFC MoneyBack Credit Card is a rewards credit card that offers cashback benefits on your purchases. You earn reward points for every transaction, which can be redeemed for cash credit on your card statement.

2. How do I apply for an HDFC MoneyBack Credit Card?

You can apply for the HDFC MoneyBack Credit Card online through the HDFC Bank website or by visiting a branch. The application process typically involves filling out a form, submitting necessary documents, and undergoing a credit check.

3. What are the key features of the HDFC MoneyBack Credit Card?

The key features include cashback rewards, reward points on transactions, fuel surcharge waiver, zero lost card liability, and the ability to convert reward points into cash credit on your card statement.

4. How does the cashback feature work on this credit card?

The card offers cashback in the form of reward points. You earn a certain percentage of cashback on your transactions, and these accumulated reward points can later be redeemed for cash credit on your credit card statement.

5. Is there an annual fee for the HDFC MoneyBack Credit Card?

Yes, there is an annual fee associated with the card. However, the fee may be waived off if you meet certain spending criteria. It’s advisable to check the latest fee structure before applying.

6. Can I use the HDFC MoneyBack Credit Card for international transactions?

Yes, the card is generally accepted for international transactions. However, it’s recommended to inform HDFC Bank about your travel plans to avoid any potential issues with overseas transactions.

7. How can I redeem the reward points earned on my HDFC MoneyBack Credit Card?

You can redeem your reward points through the HDFC Bank website or customer care. The redemption options include cash credit on your card statement, gifts, vouchers, and merchandise. The redemption process may vary, so it’s advisable to check the latest guidelines.

8. Is there a minimum limit on the number of reward points required for redemption?

Yes, there is typically a minimum threshold for redeeming reward points. The specific limit may vary, and it’s advisable to check the redemption terms and conditions provided by HDFC Bank.

9. How can I check my HDFC MoneyBack Credit Card statement and outstanding balance?

You can access your credit card statement online through the HDFC Bank NetBanking portal or mobile app. Additionally, you will receive a physical or email statement every month.

10. What should I do if my HDFC MoneyBack Credit Card is lost or stolen?

Immediately report the loss or theft of your card by contacting HDFC Bank’s customer care. They will guide you through the process of blocking the card and issuing a replacement. Additionally, you are generally protected against unauthorized transactions with the zero lost card liability feature.