HDFC MoneyBack Plus Credit Card

The HDFC Bank MoneyBack Plus Credit Card is an enhanced version of the earlier HDFC MoneyBack Credit Card. Despite having the same joining and annual fee (Rs. 500), the MoneyBack+ card offers a higher reward rate. With this card, you earn up to 20 cash points for every Rs. 150 spent. These CashPoints can be used to reduce your outstanding balance, redeem from a product catalog, acquire Airmiles, and more. Additionally, you can receive gift vouchers worth up to Rs. 2,000 upon reaching specific spending milestones.

Key Highlights of HDFC Bank MoneyBack Plus Credit Card

  • Suited For: Rewards
  • Joining Fee: Rs. 500
  • Annual Fee: Rs. 500 (Waived upon spending Rs. 50,000 annually)
  • Minimum Income: Salaried – Rs. 20,000 per month, Self-employed – ITR> Rs. 6 lakh per annum.
  • Welcome Benefit: Receive 500 CashPoints when you pay the joining fee.
  • Best Feature: Earn 10X CashPoints on Amazon, Swiggy, BigBasket, Reliance Smart SuperStore, and Flipkart.

Features and Benefits of HDFC MoneyBack Plus Credit Card

The HDFC Moneyback Plus Credit Card offers rewards in the form of CashPoints as detailed below:

CashPoint Earnings:

  • 10X CashPoints on Flipkart, Amazon, Swiggy, Reliance Smart SuperStore & BigBasket.
  • 5X CashPoints on EMI spend at select merchants.
  • 2 CashPoints per Rs. 150 spent on other categories (excluding fuel, wallet reload, prepaid card loads, voucher purchases).

Terms and Conditions:

  • Under the 5X and 10X category, you can earn a maximum of 2,500 CashPoints in a calendar month.
  • EMI transactions, even with 10X category merchants, earn 5X CashPoints.
  • Rent payments and government-related transactions don’t earn CashPoints.
  • Grocery transactions have a 1,000 CashPoints monthly cap.

CashPoint Redemption:

  • Redeem CashPoints against your statement balance at a rate of 1 CashPoint = Rs. 0.25.
  • Minimum 2,000 CashPoints are required for redemption.
  • Use CashPoints for purchases on SmartBuy or travel/hotel bookings (1 RP = Rs. 0.25).
  • Unused CashPoints expire after 2 years.

Welcome, Renewal, and Milestone Benefits:

  • Get 500 CashPoints on payment of joining fee and renewal fee.
  • Receive a 500 gift voucher on reaching quarterly spends of Rs. 50,000 or more.

Other Card Benefits:

  • Welcome Benefit: Receive 500 CashPoints upon activation, equivalent to around Rs. 125.
  • Zero Lost Card Liability: Report lost card immediately for zero fraud liability.
  • EMI Conversion: Convert significant purchases into easy EMIs.
  • Contactless Payments: Make secure payments without a PIN, up to Rs. 5,000 per transaction.
  • Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on transactions of Rs. 400 to Rs. 5,000, capped at Rs. 250 per statement cycle.

HDFC Bank MoneyBack Plus Credit Card Fees and Charges

Here are the fees and charges associated with the HDFC Bank MoneyBack Plus Credit Card:

  1. Spend Based Waiver: Renewal fee is waived on spending Rs. 50,000 or more in the previous year.
  2. Rewards Redemption Fee: Rs. 99 per redemption request.
  3. Foreign Currency Markup: A 3.5% charge on foreign currency transactions.
  4. Interest Rates: 3.6% per month (or 43.2% annually).
  5. Fuel Surcharge: Enjoy a 1% fuel surcharge waiver on all fuel transactions.
  6. Cash Advance Charges: 2.5% of the withdrawn amount, with a minimum charge of Rs. 500.
  7. Add-on Card Fee: No fee for add-on cards.

HDFC MoneyBack Plus Credit Card Eligibility

To qualify for the HDFC MoneyBack Plus Credit Card, you must adhere to the following conditions:

Salaried Individuals:

  • Age: 21 to 60 years.
  • Indian nationality.
  • Minimum gross monthly income of ₹20,000.

Self-Employed Individuals:

  • Age: 21 to 65 years.
  • Indian nationality.
  • Minimum annual income of ₹6.0 Lakhs as per Income Tax Returns (ITR).

Documents Required for HDFC Bank MoneyBack Plus Credit Card

To apply for the HDFC Bank MoneyBack Plus Credit Card, you typically need the following documents:

1. Identity Proof: Any one of the following:

  • Aadhar Card
  • Passport
  • Voter ID
  • Driving License
  • PAN Card

2. Address Proof: Any one of the following:

  • Aadhar Card
  • Passport
  • Utility bills (electricity, water, gas) in your name
  • Rental agreement
  • Bank statement or passbook

3. Income Proof: Any one of the following:

  • Salary slips (for salaried individuals)
  • Income Tax Returns (ITR)
  • Form 16 (for salaried individuals)
  • Business/Professional income proof (for self-employed individuals)

4. Passport-size Photographs: Usually, two recent passport-size photographs.

How to apply for HDFC Bank MoneyBack Plus Credit Card

To apply for the HDFC Bank MoneyBack Plus Credit Card, you have two options:

Online Application:

  • Log in to your HDFC net banking portal using your credentials.
  • Navigate to the credit card application page.
  • Submit scanned copies of the required documents.

Offline Application:

  • Visit the nearest HDFC Bank branch.
  • Complete the offline credit card application form.
  • Submit the filled form to the bank’s official.

To Track Application Status:

  • Log in to the HDFC net banking portal.
  • Go to the ‘Credit Cards’ section under ‘Products.’
  • Click on ‘Important Links.’
  • Select ‘Track your Credit Card Application Status.’
  • Enter details like application reference number, mobile number, and date of birth.
  • Click ‘Submit’ to track your credit card application status.

Frequently Asked Questions (FAQs)

1. What is the HDFC Bank MoneyBack Plus Credit Card?

The HDFC Bank MoneyBack Plus Credit Card is a credit card that offers cashback rewards on your everyday spending. It provides you with the opportunity to earn cashback on various transactions, making it a rewarding choice for frequent users.

2. How does the cashback feature work on the MoneyBack Plus Credit Card?

For every eligible transaction made using the MoneyBack Plus Credit Card, you earn cashback points. These points can be redeemed for cash credit on your card statement. The cashback percentage and terms may vary, so it’s advisable to check the latest terms and conditions.

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

The key features include cashback rewards, fuel surcharge waiver, reward points on milestone spends, zero liability on lost card, and various discounts on partner merchants. Refer to the official HDFC Bank website or contact customer support for the latest features and benefits.

4. How can I apply for the HDFC Bank MoneyBack Plus Credit Card?

You can apply for the MoneyBack Plus Credit Card online through the HDFC Bank website or by visiting a branch. The application process typically involves filling out an online form, submitting necessary documents, and meeting the eligibility criteria set by the bank.

5. What is the eligibility criteria for the MoneyBack Plus Credit Card?

Eligibility criteria may include age, income, credit score, and other factors. Generally, applicants should be in the age range specified by the bank, have a stable income, and a good credit history. Specific requirements may vary, so it’s recommended to check with HDFC Bank for the latest criteria.

6. How can I check the status of my HDFC Bank MoneyBack Plus Credit Card application?

You can check the status of your credit card application online through the HDFC Bank website or by contacting the customer service helpline. The bank will provide you with the necessary information regarding the status of your application.

7. Can I convert my reward points into cashback on the MoneyBack Plus Credit Card?

Yes, the reward points earned on the MoneyBack Plus Credit Card can often be converted into cashback. HDFC Bank usually provides a simple process to redeem these points for cash credit on your card statement. Check the reward redemption options for the most up-to-date information.

8. What is the annual fee for the HDFC Bank MoneyBack Plus Credit Card?

The annual fee for the MoneyBack Plus Credit Card may vary, and some cards may have a waiver based on spending thresholds. Review the terms and conditions or contact customer support for the latest information on fees and charges associated with the card.

9. How does the fuel surcharge waiver work on the MoneyBack Plus Credit Card?

The MoneyBack Plus Credit Card often provides a fuel surcharge waiver at select fuel stations. The waiver is applicable when you use your card for fuel transactions within the specified limit. Check the terms and conditions for the most accurate details on the fuel surcharge waiver.

10. How do I contact HDFC Bank customer support for queries related to my MoneyBack Plus Credit Card?

You can reach HDFC Bank customer support through their helpline, which is usually available 24/7. Contact information is typically available on the official HDFC Bank website and on the back of your credit card. Alternatively, you can visit a local branch for in-person assistance.