HDFC MoneyBack+ Credit Card: Complete Review & Benefits
HDFC MoneyBack+ Credit Card: Complete Review & Benefits
The HDFC MoneyBack+ Credit Card is an entry-level card offering rewards on everyday spending. It's an upgrade from the original MoneyBack card, boasting higher reward rates and attractive benefits.
Key Features and Benefits
- Up to 10x rewards on select brands (Flipkart, Amazon, Swiggy, Reliance Smart SuperStore, BigBasket).
- 5x rewards on EMI spends at merchant locations.
- 2 CashPoints per Rs. 150 spent on other categories.
- 500 CashPoints on payment of joining fee and renewal fee.
- Gift voucher worth Rs. 500 on quarterly spends of Rs. 50,000 or more.
- 1% fuel surcharge waiver (minimum Rs. 400, maximum Rs. 5,000 transaction, up to Rs. 250 per statement cycle).
- Up to 20% off on partner restaurants via Swiggy Dineout.
- Zero Lost Card Liability.
- EMI conversion option.
- Contactless payments (up to Rs. 5,000 per transaction).
Image Credit: Card Insider
Fees and Charges
| Fee Type | Amount |
|---|---|
| Joining Fee | Rs. 500 + Applicable Taxes |
| Annual Fee | Rs. 500 + Applicable Taxes (Waived on annual spends of Rs. 50,000) |
| Finance Charges | 3.75% p.m. / 45% p.a. |
| Late Payment Charges | Variable, depending on outstanding balance. |
Drawbacks
- Low CashPoint conversion rate (1 CashPoint = Rs. 0.25).
- No travel benefits (lounge access, etc.).
- Limited rewards on groceries and fuel.
HDFC MoneyBack+ Credit Card Use Cases
Let's see how the card performs in real-world scenarios:
Use Case 1: Online Shopping & Dining
| Spend Category | Amount (Rs.) | CashPoints Earned | Value (Rs.) |
|---|---|---|---|
| Flipkart Shopping | 15,000 | 1000 (10x) | 250 |
| Swiggy Dineout (20% off) | 1000 | 20 (2x) + 200 (discount) | 220 |
| Other Online Purchases | 5000 | 66 (2x) | 16.50 |
| Total | 21,000 | 1086 | 286.50 |
Image Credit: Desidime
This example shows a potential saving of Rs. 286.50 in a month from a spending of Rs. 21,000, largely due to the high rewards on partner brands.
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