HDFC MoneyBack Credit Card

HDFC MoneyBack is a popular entry-level credit card in India that provides cashback on all transactions. This is an excellent choice if you frequently shop online because it offers larger benefits on online purchases.

If you are new to credit and want to get started, you can apply for this credit card. In comparison to the annual cost, the perks provided by this credit card are fairly excellent. Here is more information on the HDFC MoneyBack Credit Card to help you decide whether it is a suitable fit for you.

MoneyBack.png

Image Source: HDFC Official website

Highlights

Suitability

Rewards & Cashback

HDFC Moneyback credit card benefits

Four reward points for every Rs. 150 spent online

Joining Fee

Rs. 500

Renewal Fee

Rs. 500

Requirement

Salaried: Rs. 25,000 p.m.

Self-employed: ITR> Rs. 6 lakh p.a.

 

HDFC Moneyback Credit Card Features and Benefits

  • Safe and secure transactions: The HDFC Bank MoneyBack Credit Card has an encrypted chip that safeguards the security of your transactions. It supports both the dip and magnetic swipe functions. With this Chip Technology-enabled card, you may carry it anywhere and be confident that your transactions are secure around the world.
  • Credit facility with no interest: From the date of purchase, you can get up to 50 days of interest-free credit.
  • No Responsibility for Lost Cards: If your card is stolen or misplaced, you have no liability once the loss is reported. If you misplace your MoneyBack Credit Card, notify the 24-hour HDFC customer service center right away. Once you report the loss, you are no longer liable for any fraudulent purchases made with your card.
  • Validity of Reward Points: The accumulated Reward Points are only valid for two years from the date of purchase. You can receive Rs. 2,000 CashBack on Rewards Points earned by spending Rs. 2.5 lakh on your card (assuming 30% online expenditure).
  • Spend less on gasoline: You can now save up to Rs. 1,800 per year on your fuel purchases (if you spend an average of Rs 6000 per month on fuel).

HDFC Moneyback Credit Card Charges and Fees

The following fees and charges are linked to this credit card:

 

Fee and Charges

Amount

Joining Fees

Rs. 500

HDFC Moneyback credit card interest rate

3.6% p.m.

Annual Fee

Rs. 500

Late Payment Charge

Less than Rs. 100 – Nil

Rs. 100 to Rs. 500 – Rs. 100

Rs. 501 to Rs. 5,000 – Rs. 500

Rs. 5,001 to Rs.10,000 – Rs. 600

Rs. 10,001 to Rs. 25,000 – Rs. 800

Rs. 25,001 to Rs. 50,000 – Rs. 1,100

Over Rs. 50,000 – Rs. 1,300

HDFC Moneyback Credit Card Eligibility

The eligibility criteria are mentioned below in the table:

 

For Salaried

The age range for salaried workers is 21 to 60 years.

For Self-Employed

It ranges from 21 to 65 years for self-employed people.

 

The candidate must have a strong credit history and a consistent source of income.

Documents Required

The documentation needed for an HDFC MoneyBack card is straightforward. You will need the following items-

  • At least two pictures and national identity cards with signatures are required.
  • Evidence of address, such as a ration card or an electricity bill, can be submitted.
  • PAN card, Form 16, and IT return are all required.

 

HDFC Moneyback Credit Card Apply Process

You can apply for this Credit Card directly on the HDFC website. You may also apply on BankBazaar from the same page to take advantage of the exclusive partner incentives.

To apply immediately, follow these steps:

Step 1: Go to the top of the page and look for the 'Check Eligibility' button.

Step 2: Click on it and fill out the form to see if you are eligible for the card.

Step 3: If you are eligible, you will be able to apply for the card.

Step 4: Click on it, enter the necessary information and documents, and then press the 'Submit' button.

Step 5: You will receive an acknowledgment message with the application ID after successfully submitting the needed documents and details. Later on, you can use the same method to track the status of the credit card application.

Similar Cards

If you're seeking additional credit cards with features comparable to MoneyBack, check out the cards listed in the table below:-

Credit Card Name

Features

HSBC Smart Value Credit Card

3X reward points on internet, dining, and telecommunications purchases

SBI SimplyClick

10X reward points on online partner purchases (Amazon, BookMyShow, Lenskart, Apollo 24X7, Netmeds, Cleartrip, and Eazydiner)

Standard Chartered Platinum Rewards

Every Rs. 150 spent on eating and petrol earns you five reward points.

ICICI Bank Coral Contactless

Every Rs. 100 spent earns you 2 PAYBACK points.

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