HDFC
HDFC MoneyBack Plus Credit Card
This is an invite only card
Apply and get ₹1100 Rewards
Top Benefits
Earn 10X CashPoints on Amazon and Flipkart
spends with a monthly reward capping of 2,500 CashPoints
Get up to ₹200 off per on Swiggy Dineout
Discount using coupon code HDFCCARDS per transaction on a minimum order value of ₹2,000, up to twice per month
Best For
Shopping
Online Food Ordering
Dining
Grocery Shopping
The HDFC MoneyBack Plus Credit Card delivers an impressive 3.3% value back on top e-commerce platform...
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The HDFC MoneyBack Plus Credit Card delivers an impressive 3.3% value back on top e-commerce platform...
The HDFC MoneyBack Plus Credit Card delivers an impressive 3.3% value back on top e-commerce platforms like Amazon, Flipkart, and Swiggy, making it a highly rewarding entry-level shopping card. If you are starting your credit journey and want a straightforward card that rewards your daily digital spends, this is an excellent choice. Unlike premium cards with high income barriers, this card requires a monthly salary of just Rs. 20,000, bringing solid reward points within reach for most young professionals.
What sets the HDFC MoneyBack Plus apart is its 10X CashPoints system paired with easily achievable fee waivers. You get elevated rewards on popular platforms like BigBasket and Reliance Smart SuperStore, helping you save on everyday groceries and shopping. When you combine the regular rewards with the quarterly spending milestones, the overall savings comfortably exceed the modest Rs. 500 annual fee.
View FAQ
Commonly Asked Questions
Is the HDFC MoneyBack Plus card lifetime free?
No, this card is not lifetime free by default. It carries a joining fee of Rs. 500 and an annual renewal fee of Rs. 500. However, the annual fee is automatically waived if you spend Rs. 50,000 or more during the year.
Is this a good first credit card?
Yes, it is an excellent first card due to its accessible eligibility criteria. With a minimum salary requirement of just Rs. 20,000 per month and a low annual fee, it is highly suitable for beginners looking to build their credit score while earning rewards on online shopping.
Who should apply for the HDFC MoneyBack Plus?
This card is perfect for frequent online shoppers who regularly buy from Amazon, Flipkart, Swiggy, and BigBasket. If your total yearly card spends are above Rs. 50,000, you will automatically waive the fee and maximize the milestone vouchers.
What makes this different from the standard HDFC MoneyBack card?
The Plus variant offers the 10X CashPoints structure on specific e-commerce giants, giving you a significantly higher 3.3% value back. It also includes quarterly milestone vouchers worth Rs. 500, which the standard version lacks.
Expert Review
The HDFC MoneyBack Plus is exactly what a beginner credit card should be: straightforward, accessible, and rewarding on daily online habits. I appreciate how easily the card aligns with the lifestyle of a young professional. The 10X CashPoints on Amazon, Flipkart, and Swiggy yield a 3.3% return, which is fantastic for a card that only costs Rs. 500 a year. Add in the quarterly Rs. 500 milestone vouchers, and the value proposition becomes undeniably strong for anyone spending around Rs. 17,000 a month.
However, the card does have a notable flaw. The redemption structure is clunky due to the Rs. 99 handling fee. If you redeem points frequently in small batches, that fee aggressively eats into your hard-earned cashback. To maximize value, you must hoard your points and redeem them in large quantities. Additionally, the complete exclusion of utility and rent payments means you lose out on earning rewards on your biggest monthly expenses.
Ultimately, if you are looking for your first or second credit card to save money on food delivery and e-commerce shopping, this card is a winner. If you are an experienced user with high spends seeking travel perks or comprehensive offline rewards, you should look at more premium offerings.
Joining / Annual Fee
Joining Fees
₹590 ( ₹500 + GST )
Annual Fees
₹590 ( ₹500 + GST )
Managing the costs of the HDFC MoneyBack Plus card is straightforward due to its low fee structure an...
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Managing the costs of the HDFC MoneyBack Plus card is straightforward due to its low fee structure an...
Managing the costs of the HDFC MoneyBack Plus card is straightforward due to its low fee structure and easy waiver conditions. When your application is approved and the card is issued, you are charged a one-time joining fee of Rs. 500, plus 18% GST (making it Rs. 590 total). This amount will reflect in your very first credit card bill. By paying this fee, you activate the welcome benefit of 500 CashPoints, which effectively gives you Rs. 125 in value back.
From your second year of membership, an annual renewal fee of Rs. 500 plus GST is levied. However, the bank provides a highly achievable annual fee waiver condition. The annual fee is entirely waived if you spend Rs. 50,000 or more in the preceding 12 months. Breaking this down, you only need to spend roughly Rs. 4,167 per month on groceries, online shopping, or bills to reach the Rs. 50,000 target. Most users easily clear this threshold through basic daily expenses.
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The one-time joining fee is Rs. 500 plus 18% GST. This charge appears on your very first billing statement.
Can the joining fee be waived?
The joining fee is mandatory unless you apply through a specific lifetime-free or first-year-free promotional campaign offered by the bank.
Is there a welcome bonus to offset the joining fee?
Yes, upon successful payment of your joining fee, the bank credits 500 CashPoints to your account. These points carry a redemption value of Rs. 125 against your statement.
What is the annual or renewal fee?
The standard annual renewal fee is Rs. 500 plus applicable GST. This is charged at the end of every 12-month membership period.
Is there an annual fee waiver option?
Yes, the annual fee is waived if you spend Rs. 50,000 or more on your card within the card anniversary year.
What is the spending requirement for the annual fee waiver?
You need to spend exactly Rs. 50,000 within your 12-month billing cycle. For example, spending an average of Rs. 4,500 monthly will help you cross this target and secure the waiver.
Is the fee waiver based on calendar year or card anniversary year?
The spending threshold is calculated based on your card anniversary year. If your card was issued on June 1st, your spends are tracked from June 1st to May 31st of the following year.
Do EMI conversions count towards the fee waiver target?
The original principal amount swiped on the card counts toward the spend target, while subsequent monthly EMI debits are excluded from the calculation.
What happens if I don't meet the fee waiver spending requirement?
If your total spends fall short of the Rs. 50,000 target, the full annual fee of Rs. 500 plus GST will be charged to your card account in the renewal month.
Eligibility
Age
Criteria*
21-60 years
Salary
Criteria*
2.4LPA
Credit
Rating*
720+
New to credit
allowed
No
Existing Bank
Customer Allowed
Yes
The bank has kept the entry barrier for the HDFC MoneyBack Plus credit card remarkably accessible, ma...
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The bank has kept the entry barrier for the HDFC MoneyBack Plus credit card remarkably accessible, ma...
The bank has kept the entry barrier for the HDFC MoneyBack Plus credit card remarkably accessible, making it an ideal choice for young adults starting their careers. To qualify, you must have a clean credit history, typically represented by a CRIF or CIBIL score of 720 or above. While a good score is important, the income requirements are quite modest compared to premium cards.
For salaried individuals, the minimum required age is 21 years and the maximum age is 60 years. You need a monthly in-hand salary of just Rs. 20,000, which translates to Rs. 2.4 Lakhs per annum. For instance, if you recently started a job paying Rs. 25,000 a month, you easily meet the income criteria for this card.
For self-employed professionals or business owners, the age bracket expands slightly from 21 years up to 65 years. The income requirement is based on your Income Tax Return (ITR). You must demonstrate an annual income of at least Rs. 6 Lakhs. This means your latest filed ITR should reflect a net taxable income of Rs. 6 Lakhs or higher.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary applicant must be at least 21 years old to be eligible for the HDFC MoneyBack Plus card, whether salaried or self-employed.
What is the maximum age limit for the primary cardholder?
For salaried applicants, the maximum age limit is 60 years. For self-employed applicants, the upper age limit is extended to 65 years.
What is the minimum salary required for salaried applicants?
Salaried individuals need a minimum monthly income of Rs. 20,000 to qualify. If your gross salary is Rs. 25,000 but your in-hand after deductions is Rs. 21,000, you are comfortably eligible.
What is the minimum annual income for self-employed applicants?
Self-employed individuals must show an annual income of at least Rs. 6 Lakhs based on their latest Income Tax Return (ITR) documents.
Can self-employed individuals apply for this card?
Yes, the card accepts applications from both salaried and self-employed individuals, provided they meet their respective income criteria and documentation requirements.
What credit score is needed for approval?
A minimum credit score of 720 on the CRIF or CIBIL scale is required for smooth approval. A good history of timely loan or credit card payments will help you meet this requirement easily.
Will my application be rejected if my credit score is below 720?
While 720 is the baseline requirement, banks look at your overall profile. However, a score significantly below 720 greatly increases the chances of your application being declined.
Do I need an existing HDFC Bank account to get approved?
No, you do not need an existing savings or salary account with HDFC Bank to apply. However, having a good banking relationship can sometimes speed up the approval process or fetch pre-approved offers.
Can students apply for this credit card?
Students cannot apply based on their own income since a regular salary or ITR is required. However, they can get an add-on card if their parent holds the primary card.
All Card Benefits
- 10X CashPoints (up to 3.3% valueback) on Amazon, Flipkart, Swiggy, BigBasket & partner merchants (monthly cap ₹2,500 for Amazon/Flipkart)
- 10X CashPoints on online food ordering (monthly cap ₹15,000)
- 2 CashPoints per ₹150 spent on all other transactions
- ₹500 gift voucher on quarterly spends of ₹50,000 or more
- Accelerated rewards across household and everyday spending categories
Welcome Benefits
Getting started with this card brings an immediate bonus that offsets your initia...
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Welcome Benefits Getting started with this card brings an immediate bonus that offsets your initia...
Welcome Benefits
Getting started with this card brings an immediate bonus that offsets your initial cost. Upon paying your membership fee of Rs. 500, the bank credits 500 CashPoints to your rewards account as a welcome gift. Since each CashPoint is worth Rs. 0.25, this welcome bonus translates to Rs. 125 in clear monetary value. You can use these points later to pay down your statement balance or claim vouchers from the rewards catalog.
Reward Points Structure
The core strength of the HDFC MoneyBack Plus is its targeted reward multiplier. You earn 10X CashPoints on Amazon, Flipkart, Swiggy, Reliance Smart SuperStore, and BigBasket. On all other eligible offline and online categories, you earn 2 CashPoints for every Rs. 150 spent.
Let us look at a practical calculation. If you spend Rs. 3,000 on Amazon this month, you earn 20 CashPoints per Rs. 150. That means your Rs. 3,000 spend gives you 400 CashPoints. At a value of Rs. 0.25 per point, you just earned Rs. 100 in cashback value on a single purchase. If you spend Rs. 3,000 at a local clothing store (regular spend category), you earn 2 points per Rs. 150, resulting in 40 CashPoints worth Rs. 10.
Quarterly Milestone Benefits
The card rewards you for consistent usage with its milestone program. If you spend Rs. 50,000 or more in a single calendar quarter, you receive a gift voucher worth Rs. 500. A calendar quarter means January to March, April to June, July to September, and October to December.
If you hit this target every quarter, you can earn up to Rs. 2,000 in vouchers annually. For example, if you spend Rs. 17,000 per month on groceries, shopping, and dining, your total quarterly spend hits Rs. 51,000. You easily qualify for the Rs. 500 voucher four times a year, adding substantial value on top of your regular CashPoints.
Dining and EMI Offers
Food lovers gain extra value through the dining benefit. You receive an additional 10% discount on Swiggy Dineout when you use the promo code HDFCCARDS. If your restaurant bill is Rs. 2,000, applying this code gives you a direct Rs. 200 discount before you even pay. Furthermore, the card features Smart EMI, allowing you to convert large purchases into easy monthly installments directly through the bank's digital portals.
Fuel Surcharge Waiver
Driving becomes slightly more affordable with the card's 1% fuel surcharge waiver. This applies to fuel transactions between Rs. 400 and Rs. 5,000 across all petrol pumps in India. The maximum waiver you can receive is Rs. 250 per statement cycle.
For example, if you buy Rs. 2,000 worth of petrol, the standard 1% surcharge of Rs. 20 is waived. Over a month, if you fill up fuel worth Rs. 10,000 in total (in valid transaction sizes), you save Rs. 100 in surcharge fees.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You qualify for the 500 CashPoints welcome benefit strictly by paying the initial Rs. 500 joining fee. Once the fee reflects in your billing statement and you clear the payment, the points are credited to your account.
What is the monetary value of the 500 welcome CashPoints?
Since 1 CashPoint equals Rs. 0.25 when redeemed for statement cashback, your 500 welcome points give you a direct value of Rs. 125.
Will I get the welcome bonus if my joining fee is waived?
Welcome benefits are linked directly to the realization of the membership fee. If you applied under a special lifetime free or first-year free promotional campaign, the 500 welcome points are excluded as the fee itself was not charged.
When will the welcome CashPoints reflect in my account?
The points are typically credited to your rewards balance in the statement cycle immediately following the realization of your joining fee payment.
What is the standard reward rate on this card?
For regular non-partner spends, you earn 2 CashPoints per Rs. 150 spent. Since 1 CashPoint equals Rs. 0.25, the standard base reward rate is roughly 0.33%.
How much value do I get on Amazon and Flipkart?
Spends on Amazon, Flipkart, Swiggy, BigBasket, and Reliance Smart SuperStore earn 10X CashPoints. This equals an effective reward rate or value back of 3.33% on these specific platforms.
What is the value of 1 CashPoint in rupees?
One CashPoint is valued at exactly Rs. 0.25 when redeemed against your credit card statement balance. This means you need 4 CashPoints to get Rs. 1 in value.
Do I earn CashPoints on utility bill payments?
No, utility bill payments such as electricity, water, and gas are excluded from earning CashPoints on the HDFC MoneyBack Plus card.
Do I earn CashPoints on fuel purchases?
No, fuel transactions are explicitly excluded from the rewards program. You will not earn any CashPoints when you swipe your card at petrol pumps.
Do I earn CashPoints on rent payments?
No, rent payments are an excluded category. They do not earn CashPoints and they also attract an additional 1% transaction fee.
Do my CashPoints expire?
Yes, HDFC CashPoints have a validity period of 2 years from the date of accumulation. Unredeemed points will lapse after this period, so make sure to redeem them regularly.
Is there a cap on the 10X CashPoints I can earn?
The bank applies a monthly cap of 2,500 CashPoints on accelerated reward categories to prevent commercial use and ensure fair usage across the 10X partner platforms.
Are wallet top-ups eligible for CashPoints?
No, loading money into digital wallets like Paytm, Amazon Pay, or Mobikwik does not earn any CashPoints on this card.
Do EMI transactions earn CashPoints?
No, transactions converted into Equated Monthly Installments (EMI) do not accumulate CashPoints. Only the initial full-swipe amounts on standard purchases qualify.
What counts towards the Rs. 50,000 quarterly milestone?
Most regular retail purchases count toward the milestone. However, excluded transactions like cash withdrawals, wallet loads, and EMI conversions are strictly excluded from your milestone target calculation.
How do I claim my Rs. 500 gift voucher?
Once you cross the Rs. 50,000 spend threshold in a quarter, the bank will send an SMS or email with a link to claim your voucher. You must click the link and select your preferred brand voucher within the given validity period.
Are calendar quarters calculated from my card issuance date?
No, calendar quarters are fixed periods: Jan-Mar, Apr-Jun, Jul-Sep, and Oct-Dec. Your spending is tracked within these specific three-month windows regardless of your joining date.
Can I earn multiple vouchers if I spend Rs. 1 Lakh in a quarter?
No, the milestone benefit is capped at one Rs. 500 voucher per calendar quarter, no matter how much you exceed the Rs. 50,000 target.
How do I use the 10% Swiggy Dineout discount?
Open the Swiggy app, go to the Dineout section, and when you are paying your restaurant bill through the app, enter the promo code HDFCCARDS. Use your HDFC MoneyBack Plus card for the final payment to get the 10% off.
Is there a minimum bill amount for the dining discount?
Swiggy Dineout offers require a minimum spend of Rs. 500 and provide a maximum discount of Rs. 500 per transaction when using the HDFCCARDS promo code.
Can I convert any purchase into Smart EMI?
Most retail purchases above Rs. 2,500 can be converted to Smart EMI, subject to bank approval. Note that gold or jewelry purchases typically cannot be converted into EMI.
Do I earn CashPoints if I use the Swiggy Dineout discount?
Yes, while you get the 10% upfront discount via the app, the final amount charged to your card is considered a regular spend and will earn the standard 2 CashPoints per Rs. 150.
What is the minimum transaction required for the fuel waiver?
You must swipe your card for a minimum of Rs. 400 at the petrol pump. Transactions of Rs. 399 or lower will attract the standard fuel surcharge without any waiver.
What happens if I swipe for Rs. 6,000 at a petrol pump?
The maximum eligible transaction amount for the waiver is Rs. 5,000. If your single fuel bill is Rs. 6,000, you will not receive the surcharge waiver for that specific transaction.
Does the waiver cover the GST charged on the surcharge?
No, the waiver strictly covers the 1% fuel surcharge. Any GST applied on the surcharge amount is not reversed and must be borne by you.
How much can I save on fuel surcharges in a year?
Since the maximum waiver is Rs. 250 per billing cycle, you can save up to Rs. 3,000 annually if you maximize the benefit every month.
Milestone Benefits
Voucher Benefit(Worth ~ ₹2,000)
Spend ₹50,000 in 90 days
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Reward Point = ₹0.25
Redemption Options
- Cashback (statement credit, ₹0.25/point, min 2,000 points = ₹500)
- Flights/Hotels (SmartBuy, 1 point = ₹0.25, max 50% of booking)
- Gift Vouchers/Products (up to 70% value via points)
- Rewards catalog
To check redemption catalogue
Redeeming the CashPoints you earn on the HDFC MoneyBack Plus is a straightforward process managed ent...
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Redeeming the CashPoints you earn on the HDFC MoneyBack Plus is a straightforward process managed ent...
Redeeming the CashPoints you earn on the HDFC MoneyBack Plus is a straightforward process managed entirely online. The most popular method is adjusting the points against your outstanding credit card bill, effectively giving you direct cashback. You must use HDFC NetBanking or the SmartBuy portal to initiate redemptions. The conversion rate across most valuable categories is fixed: 1 CashPoint equals Rs. 0.25.
If you want statement cashback, you need to accumulate a minimum of 2,000 CashPoints before you can place a request. Once you hit 2,000 points, they convert to Rs. 500, which is credited directly to your card to reduce your next bill. Alternatively, you can use the SmartBuy portal to book flights or hotels. Here, 1 CashPoint still equals Rs. 0.25, but you can only pay up to 50% of the booking value using points. The remaining 50% must be paid using your card. You can also browse the rewards catalog to buy products or branded gift vouchers, where points can cover up to 70% of the item's value.
View FAQ
Commonly Asked Questions
How do I redeem the CashPoints I have earned?
Log in to HDFC NetBanking, navigate to the Credit Cards section, and select 'Redeem Reward Points'. This redirects you to the rewards portal where you can choose cashback, travel bookings, or vouchers.
Is there a minimum points balance needed before I can redeem for cashback?
Yes, you must have a minimum of 2,000 CashPoints in your account to request a statement cashback redemption. This minimum threshold guarantees at least Rs. 500 off your bill.
What is the value I get when I redeem points against my statement balance?
Every 1 CashPoint is valued at Rs. 0.25. For example, if you have accumulated 4,000 CashPoints, you will receive a direct statement credit of Rs. 1,000.
Can I book an entire flight ticket using just my CashPoints?
No, when booking flights or hotels via HDFC SmartBuy, you can only pay a maximum of 50% of the booking value using your CashPoints. The rest must be paid via the credit card.
Is there a fee for redeeming my rewards?
Yes, every time you place a redemption request, the bank charges a flat handling fee of Rs. 99 plus applicable GST, which is billed to your next statement.
How long does it take for cashback to reflect in my account?
Once you initiate a statement cashback redemption, the amount reflects in your credit card account within 2 to 3 working days.
Can I use points to buy Amazon or Flipkart vouchers?
Yes, you can redeem CashPoints for brand vouchers through the rewards catalog. You can pay up to 70% of the voucher value using points and the rest with your card.
What happens to my unredeemed CashPoints if I close the card?
Any unredeemed CashPoints are immediately forfeited when you close the credit card account. Ensure you redeem all your points before initiating the cancellation.
Gift card - Key Terms
Once you apply, we will start tracking your application
Generally takes 2-72 hrs
Once the bank confirms us of your successful card activation, we will process your rewards
Generally takes 7-75 days
You can then withdraw your rewards via Amazon Pay Balance/Flipkart gift cards
Generally takes 7-75 days
Note: If you currently hold or have ever held an HDFC Credit Card, you are not eligible for CashKaro Rewards.
Rewards Related
- If you currently hold or have ever held an HDFC Credit Card, you are not eligible for Gift Card
- A minimum transaction of Rs.100 within 30 days is mandatory to activate your card; otherwise, you wont be eligible for the Rewards
- Please use Aadhaar linked mobile number to fill the application
- If the distance between your residence and office addresses is 150 km or more, please ensure that your residence is selected as the mailing address. Applications not adhering to this will be rejected
- VKYC done over 50km from your Aadhaar/communication address will result in application rejection and loss of Rewards
Also, Remember
- Resume your application only via Great.Cards to avoid losing Rewards
- If your Rewards do not track, raise a Missing Rewards Ticket within 30 Days from the application date
- Rewards can only be redeemed as Amazon Pay Balance and Flipkart Gift Card
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Rent payment
Fuel
Insurance
EMI Transactions
Cash Withdrawals
Jewellery
School & Educational Services
Government related transactions
Wallet transactions
Load money
Fees
GST charges
All Reversals
Gambling
Tolls
Security Broker Services
Charity
Railways
Utility Bill Payments
Balance Transfer
Financial Charges
For Spends Waiver
Rent payment
Fuel
Insurance
EMI Transactions
Cash Withdrawals
Jewellery
School & Educational Services
Government related transactions
Wallet transactions
Load money
Fees
GST charges
All Reversals
Gambling
Tolls
Security Broker Services
Charity
Railways
Utility Bill Payments
Balance Transfer
Financial Charges
While the HDFC MoneyBack Plus offers great rewards on shopping, there are strict bank exclusions wher...
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While the HDFC MoneyBack Plus offers great rewards on shopping, there are strict bank exclusions wher...
While the HDFC MoneyBack Plus offers great rewards on shopping, there are strict bank exclusions where you earn absolutely zero CashPoints. Understanding these exclusions is critical so you don't expect rewards on large necessary expenses. The bank explicitly excludes rent payments, fuel purchases, insurance premiums, and utility bill payments from earning any points. Even if you pay a Rs. 20,000 insurance premium, your reward yield will be zero.
Other major exclusions include wallet load transactions, cash withdrawals, EMI transactions, and jewelry purchases. Paying school fees or government taxes will also not generate rewards. For instance, if you load Rs. 5,000 into your Paytm wallet using this card, the transaction processes normally, but your CashPoints balance remains unchanged. Tolls, gambling, balance transfers, and railway bookings are similarly excluded. It is best to use this card strictly for retail shopping, dining, and groceries to maximize your returns.
View FAQ
Commonly Asked Questions
Which transactions do not earn CashPoints on this card?
Transactions for rent, fuel, insurance, utility bills, wallet loads, EMI conversions, cash withdrawals, jewelry, education fees, and government services do not earn any CashPoints.
Does paying rent with this card earn reward points?
No, rent payments are completely excluded from the rewards program. Furthermore, you will be charged a 1% convenience fee on the transaction amount when paying rent.
Are insurance premium payments excluded from rewards?
Yes, all insurance premium payments are categorised under excluded spends and will not earn any CashPoints on the HDFC MoneyBack Plus card.
Do wallet top-ups or gift card purchases earn rewards?
Loading money into digital wallets (like Amazon Pay or Paytm) does not earn rewards. Purchasing gift cards also falls under quasi-cash exclusions, yielding zero points.
Are education or school fee payments excluded?
Yes, payments made for school fees, college tuition, or any educational services fall under the bank's strict exclusion list and earn zero CashPoints.
Are utility bill payments such as electricity and water excluded?
Yes, paying electricity, water, gas, or broadband bills using this card will not accumulate any CashPoints.
What happens if I accidentally make a payment in an excluded category?
There is no penalty. The transaction will be processed normally and billed to your account; you simply will not earn any CashPoints for that specific spend.
Do I get rewards on the total amount when I buy jewelry?
No, jewelry purchases are explicitly listed under the exclusion categories and do not qualify for CashPoint accumulation.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 3.50% |
APR Fees 3.6% monthly fee. Credit cards allow you for a interest free payment period of 20-55 days. However, if you fail to make payment for your statement in due time then bank starts charging interest. A simple way to avoid heavy interest rates over long time is to convert your large spends in EMIs. Normally bank charges 16% p.a interest on EMIs however if you fail to pay in time then annual interest can reach upto 43.2%
| 3.60% |
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable). | 2.50% |
Reward Redemption Fees A reward redemption handling fee of ₹99 plus applicable GST is charged per redemption request. | ₹99 |
Link for all T&Cs | Click Here |
Railway Surcharge A surcharge of 1% is applied to transactions made for booking railway tickets.₹10 is charged per transaction for bookings via IRCTC. | 1% |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees ₹25 (≤ ₹5,000), ₹50 (> ₹5,000) | ₹50 |
Cash Payment Fees ₹100+ taxes will be charged for all payments done via Cash | ₹100 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹500 | ₹0 |
| ₹501 - ₹1000 | ₹100 |
| ₹1001 - ₹5000 | ₹500 |
| ₹5001 - ₹10000 | ₹600 |
| ₹10000 - ₹25000 | ₹750 |
| ₹25001 - ₹50000 | ₹900 |
| ₹50000 and above | ₹1100 |
Understanding the exact costs associated with the HDFC MoneyBack Plus is vital so you never encounter...
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Understanding the exact costs associated with the HDFC MoneyBack Plus is vital so you never encounter...
Understanding the exact costs associated with the HDFC MoneyBack Plus is vital so you never encounter unexpected charges. While the card is incredibly affordable when used responsibly, specific fees apply for late payments, international usage, and specialized transactions. Below is the detailed breakdown of every fee you might encounter.
Joining Fee: The bank charges a one-time joining fee of Rs. 500 plus 18% GST (total Rs. 590). This fee is mandatory, but paying it unlocks the welcome benefit of 500 CashPoints, which gives you Rs. 125 in direct value back.
Annual or Renewal Fee: Starting from the second year, an annual fee of Rs. 500 plus GST is charged. However, this fee is entirely waived if you spend Rs. 50,000 or more during the preceding year. For example, if you spend just Rs. 4,500 every month on groceries, you will hit Rs. 54,000 annually, ensuring you never pay this fee.
APR or Interest Rate: If you do not pay your total outstanding balance by the due date, finance charges of 3.99% per month (47.88% per annum) apply. For example, if you carry an unpaid balance of Rs. 10,000 for one month, the bank will add an interest charge of roughly Rs. 399 to your next bill, plus applicable taxes.
Late Payment Charges: The bank applies a graded late payment fine based on your outstanding balance if you miss the minimum amount due. Charges range from Rs. 100 for balances up to Rs. 500, increasing to a maximum of Rs. 1,300 for balances above Rs. 50,000. Missing a payment on a Rs. 3,000 balance triggers a late fee of approximately Rs. 500, inflating your debt.
Foreign Transaction or Forex Markup Fee: A 3.5% forex markup fee is charged on any transaction made in a foreign currency. For example, if you buy a software subscription from a US website worth Rs. 10,000, the bank applies a 3.5% fee, meaning you pay an extra Rs. 350 for the currency conversion.
ATM Cash Withdrawal Fee: Withdrawing cash from an ATM using your credit card is expensive. A fee of 2.5% of the withdrawn amount is charged, subject to a minimum of Rs. 500. If you withdraw Rs. 10,000 in an emergency, you will be slapped with a Rs. 500 fee instantly because it is higher than the 2.5% calculation (Rs. 250). Interest also starts accruing from day one.
Rent Payment Convenience Fee: Paying rent through third-party apps using this card incurs a 1% fee. If you pay Rs. 15,000 as rent, the bank will charge an additional Rs. 150 plus GST. Since rent payments earn zero reward points on this card, using it for rent results in a pure loss.
Railway Surcharge: Booking train tickets via IRCTC attracts a surcharge. A booking surcharge of 1.80% applies for online transactions, and 2.50% for offline bookings. This is a fee passed on by the railway gateway, not a reward.
Cash Payment Fee: If you choose to visit an HDFC Bank branch and deposit physical cash to pay your credit card bill, a cash payment fee of Rs. 100 per deposit is charged. To avoid this entirely, pay your bill digitally via NetBanking or UPI.
Cheque Payment Fee: There is no fee charged for paying your credit card bill via cheque. However, ensure the cheque clears before the due date to avoid late payment and interest charges.
Reward Redemption Fee: Every time you request to redeem your CashPoints, a handling fee of Rs. 99 plus GST is charged. For example, if you redeem 4,000 points for Rs. 1,000 in statement credit, the Rs. 99 fee means your net effective gain drops to roughly Rs. 883 (after adding 18% GST on the fee).
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 500 + GST |
| Annual Fee | Rs. 500 + GST (Waived on Rs. 50k annual spend) |
| Interest Rate (APR) | 3.99% per month (47.88% per annum) |
| Forex Markup | 3.5% of transaction value |
| Cash Withdrawal Fee | 2.5% (Minimum Rs. 500) |
| Rent Payment Fee | 1% of transaction amount |
| Reward Redemption Fee | Rs. 99 + GST per request |
| Cash Deposit Payment Fee | Rs. 100 per deposit |
| Railway Booking Surcharge | 1.80% online / 2.50% offline |
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Commonly Asked Questions
What are the joining fees for this card?
The joining fee is Rs. 500 plus 18% GST. This one-time fee unlocks your 500 CashPoints welcome benefit upon payment.
What is the annual or renewal fee?
The annual renewal fee is Rs. 500 plus GST, charged at the end of every 12-month card anniversary cycle.
Is there an annual fee waiver based on spending?
Yes, if you accumulate total spends of Rs. 50,000 or more across the year, the annual fee for the upcoming year is completely waived.
How can I get this card lifetime free?
Lifetime free offers are occasional and tied to special banking campaigns or employer-corporate tie-ups. Your corporate profile determines your eligibility for a lifetime free offer.
What is the interest rate (APR) if I don't pay my full balance?
The interest rate is 3.99% per month, which annualizes to 47.88%. This applies to all unpaid balances carried past the due date.
How is the interest calculated on outstanding balances?
Interest is calculated on a daily basis from the original date of purchase, not just from the due date, until the full outstanding amount is cleared.
What are the late payment charges?
Late fees are charged in a tiered structure: Rs. 100 for balances up to Rs. 500, up to Rs. 1,300 for balances exceeding Rs. 50,000.
Is the late payment fee different based on the outstanding amount?
Yes, a smaller balance like Rs. 500 attracts a minor late fee, while a balance of Rs. 50,000 hits the maximum late fee tier of Rs. 1,300 defined by the bank.
What is the forex markup for international transactions?
A fee of 3.5% is added to the converted INR amount for any purchase made in a foreign currency or on an international payment gateway.
Can I withdraw cash using my credit card?
Yes, but it is heavily penalized. You are charged 2.5% of the withdrawal amount, subject to a strict minimum fee of Rs. 500 per transaction.
What are the cash withdrawal charges and limits?
Aside from the 2.5% (min Rs. 500) withdrawal fee, the 3.99% monthly interest rate begins applying immediately from day one. There is no interest-free period for cash withdrawals.
What happens if I spend more than my credit limit?
If an over-limit transaction is approved, the bank charges an over-limit fee of 2.5% of the over-limit amount, subject to a minimum of Rs. 550.
Are there fees for paying rent with this card?
Yes, paying rent via platforms like Cred or NoBroker attracts a 1% convenience fee applied by the bank, plus any platform charges.
Is there a fee for paying my bill in cash?
Yes, depositing physical cash at an HDFC branch to clear your credit card dues incurs a processing fee of Rs. 100 per deposit.
What are the charges for cheque payment of bills?
There is no processing fee for depositing a cheque to pay your credit card bill. Ensure it is deposited ahead of the due date to allow clearing time.
Is there a fee to redeem my reward points?
Yes, every redemption request incurs a handling fee of Rs. 99 plus 18% GST, regardless of how many points you redeem at once.
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
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Commonly Asked Questions
Is a PAN card mandatory to apply?
Yes, a PAN card is strictly mandatory for all credit card applications in India to track your credit history and tax compliance.
Can I use my Aadhaar card for both ID and address proof?
Yes, if your current residential address matches the one on your Aadhaar card, it serves as both identity and address proof simultaneously.
Do I need physical documents if I do Video KYC?
You only need to show your original physical PAN card to the camera during Video KYC. All other documents are verified digitally via Aadhaar OTP or document uploads.
What if my current address is different from my Aadhaar address?
If addresses differ, you must provide a valid alternate address proof like a recent utility bill, rental agreement, or employer letter for your current residence.
How many months of bank statements are required?
The bank requires the latest 3 months of bank statements showing regular salary credits or business income.
Do I need to submit physical copies of my salary slips?
No, physical submission is not needed. You can upload PDF versions of your salary slips directly into the online application portal.
Who Should Get This Card?
The HDFC MoneyBack Plus is engineered for the "smart starter." If you are a young professional, aged 22-25, earning around Rs. 25,000 to Rs. 40,000 a month, this card is built precisely for you. You likely spend a significant portion of your income on food delivery (Swiggy) and online shopping (Amazon/Flipkart). By channeling these routine expenses through this card, you easily hit the Rs. 50,000 annual fee waiver and the quarterly milestones, extracting maximum value without paying high maintenance fees.
On the flip side, who should NOT get this card? If you are an avid traveler looking for airport lounge access, air miles, or zero forex markup, skip this card entirely. Similarly, if your monthly spends exceed Rs. 50,000 and include high offline expenses, you should aim for premium cashback cards or reward cards like the HDFC Millennia or SBI Cashback card, which offer much higher caps and broader reward categories.
Credit Limit and What to Expect
Your credit limit is not fixed for the HDFC MoneyBack Plus card; it is assigned based on a thorough evaluation of your financial profile. The bank looks at your monthly income, your existing debt obligations, and your CRIF or CIBIL score. For an entry-level applicant earning Rs. 25,000 a month, a starting limit of Rs. 30,000 to Rs. 50,000 is common. As you use the card responsibly and pay bills on time, the bank often extends proactive limit enhancement offers.
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Commonly Asked Questions
How is my credit limit decided?
The bank determines your limit based on your declared income, your current credit score, existing loans, and your repayment history with other financial products.
Can I request a higher credit limit right after approval?
No, you must use the card with its initial limit for at least 6 months. After demonstrating good repayment behavior, you can request an increase by submitting updated salary slips or ITR.
Will checking my credit limit affect my credit score?
Checking your assigned limit in the banking app has zero impact on your score. However, formally applying for a limit increase triggers a hard inquiry, which can slightly impact your score.
What happens if I spend more than my assigned credit limit?
Transactions exceeding your limit will be declined. If approved, the bank will charge an over-limit fee of 2.5% of the over-limit amount (minimum Rs. 550). It is highly recommended to keep your spending well below your total limit to maintain a healthy credit utilization ratio.
Do existing HDFC bank customers get higher limits?
Yes, customers who maintain a healthy balance in their HDFC savings or salary account provide better visibility of their finances, which often leads to a higher starting limit.
Is my credit limit shared with add-on cards?
Yes, if you issue add-on cards to your family members, their spends are deducted from your primary credit limit. The limit is pooled, not multiplied.
How to Apply?
Applying for the HDFC MoneyBack Plus is a digital, paperless process that can be completed from your phone or computer. Start by visiting the official HDFC Bank website or a trusted partner platform. You will need to fill out a short eligibility form providing your PAN number, employment details, and monthly income.
Once preliminary approval is given, you must complete Video KYC (VKYC). This requires you to be in a well-lit room with a stable internet connection. Keep your original physical PAN card and a blank paper with a black pen ready for a live signature. The bank agent will verify your identity over a quick video call, completely eliminating the need to visit a branch.
View FAQ
Commonly Asked Questions
Where can I apply for this credit card?
You can apply online directly through the HDFC Bank official website, through internet banking if you are an existing customer, or via verified financial partner platforms.
What is Video KYC and is it mandatory?
Video KYC is a digital verification process where a bank official verifies your identity via a live video call. It is mandatory for online applications to ensure a paperless process.
What do I need for a successful Video KYC call?
Keep your original physical PAN card handy, ensure you have a strong internet connection, and stay in a well-lit room. The agent will ask you to show the PAN card and sign on a blank sheet of paper on camera.
How long does the approval process take?
If your Video KYC is successful and your documents are in order, the final approval takes about 5 to 7 working days. The physical card is dispatched shortly after approval.
Can I track my application status?
Yes, after submitting your application, you will receive an Application Reference Number (ARN). You can use this number on the HDFC Bank tracking portal to check your real-time status.
What happens if my Video KYC fails?
If the video call drops or fails due to network issues, you will receive a link to retry. If it fails repeatedly, a bank representative will contact you to arrange a physical document pickup.
That’s the full story of this credit card
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Top Benefits
Apply and get ₹1100 Rewards
Top Benefits
Earn 10X CashPoints on Amazon and Flipkart
spends with a monthly reward capping of 2,500 CashPoints
Get up to ₹200 off per on Swiggy Dineout
Discount using coupon code HDFCCARDS per transaction on a minimum order value of ₹2,000, up to twice per month
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