HDFC MoneyBack Plus

What is HDFC MoneyBack Plus Credit Card?

The HDFC MoneyBack Plus is an entry-to-mid tier credit card from HDFC Bank, one of India's largest private sector banks. It operates on the Visa network and comes with contactless payment capability for quick and secure transactions.

Unlike premium cards that focus on travel perks and lounge access, the MoneyBack Plus is specifically designed for domestic online shopping and everyday expenses. It's an open-application card available to both salaried individuals and self-employed professionals meeting the income criteria.

Key Benefits of HDFC MoneyBack Plus Credit Card

• 10X CashPoints on 5 Merchants: Earn 20 CashPoints per Rs.150 spent on Amazon, BigBasket, Flipkart, Reliance Smart SuperStore, and Swiggy. This translates to 3.3% value back on these platforms.
• Base Rewards: 2 CashPoints per Rs.150 on all other retail spends (0.33% value back)
• Quarterly Milestone: Rs.500 gift voucher on spending Rs.50,000 in each calendar quarter
• Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between Rs.400-Rs.5,000, with maximum waiver of Rs.250 per statement cycle
• Dining Benefits: 10% additional discount on Swiggy Dineout using coupon code HDFCCARDS
• SmartBuy Redemption: Redeem CashPoints for flights and hotels at Rs.0.25 per point value

This card is perfect for those looking for a cashback credit card with bonus rewards on popular online platforms.

Welcome Bonus & Milestone Rewards

Welcome Benefits

Pay your joining membership fee of Rs.500 and receive 500 CashPoints as a welcome benefit. These points are worth Rs.125 when redeemed against your statement balance.

Renewal Benefits

Similarly, on payment of the annual renewal fee, you'll receive another 500 CashPoints worth Rs.125.

Quarterly Milestone Benefits

• Spend Rs.50,000 or more in any calendar quarter (Jan-Mar, Apr-Jun, Jul-Sep, Oct-Dec)
• Receive a Rs.500 gift voucher from brands like Swiggy, Myntra, Pizza Hut, Apollo Pharmacy, or Bata
• Voucher message sent within 60 working days of achieving the target
• Choose your preferred voucher from available options

Annual Fee Waiver

Spend Rs.50,000 or more in a year before your renewal date to get the next year's annual fee completely waived off.

Airport Lounge Access

The HDFC MoneyBack Plus Credit Card does not include complimentary airport lounge access. This is an entry-level card focused on online shopping rewards rather than travel benefits.

If you're looking for lounge access, consider upgrading to HDFC Regalia or HDFC Millennia which offer domestic and international lounge benefits.

Rewards Program

CashPoints Earning Structure

• 10X CashPoints (20 points per Rs.150): Amazon, BigBasket, Flipkart, Reliance Smart SuperStore, Swiggy - capped at 2,500 points/month
• Base Rate (2 points per Rs.150): All other retail purchases
• Maximum Points per Statement: 15,000 CashPoints

CashPoints Value & Redemption

1 CashPoint = Up to Rs.0.25. Redemption options include:

• Statement Credit: Minimum 2,000 CashPoints (Rs.500 value) required. Rs.50 redemption fee applies.
• SmartBuy Travel: Flights and hotels at up to 50% of booking value through points
• Rewards Catalogue: Products and vouchers with Rs.99 handling charge
• Airmiles: Convert at 1 CashPoint = 0.25 airmiles

Exclusions

CashPoints are NOT earned on: Fuel transactions, rent payments, government transactions, wallet/prepaid card loads, voucher purchases, cash advances, EMI transactions, and payment of card fees.

Fees & Charges

Special Charges (w.e.f. Aug 2024): 1% fee (max Rs.3,000) on rent payments via third-party apps, fuel transactions above Rs.15,000, and utility payments above Rs.50,000.

Eligibility Criteria

For Salaried Individuals

• Nationality: Indian
• Age: 21 to 60 years
• Income: Net monthly income of Rs.20,000 or more

For Self-Employed

• Nationality: Indian
• Age: 21 to 65 years
• Income: ITR of Rs.6 Lakhs or more per annum

A healthy credit score (typically 700+) is recommended for higher approval chances and better credit limits.

Documents Required

Identity Proof (Any One)

• Passport
• Aadhaar Card
• Voter ID
• Driving Licence
• PAN Card

Address Proof (Any One)

• Utility bills (electricity, water, gas, telephone)
• Rental agreement
• Passport or Aadhaar Card

Income Proof

• Salaried: Latest 3 months salary slips, 6 months bank statement, Form 16/ITR
• Self-Employed: 2 years ITR, 12 months bank statements, business proof

How to Apply for HDFC MoneyBack Plus Credit Card

1. Visit the HDFC Bank official website
2. Click on "Apply Now" and enter your mobile number and Date of Birth/PAN
3. Confirm your personal and professional details
4. Select MoneyBack Plus from available card options
5. Upload required documents if prompted
6. Complete video KYC verification (if required)
7. Submit your application

Existing HDFC Bank customers can also apply through NetBanking under the Cards section. Card delivery typically takes 7-10 working days post approval.

Final Verdict

The HDFC MoneyBack Plus Credit Card is an excellent choice for Indians who regularly shop on Amazon, Flipkart, BigBasket, Swiggy, and Reliance Smart SuperStore. The 3.3% value back on these platforms, combined with quarterly milestone rewards and easy fee waiver conditions, makes it one of the best entry-level cashback cards in India.

Best for: Online shoppers, food delivery enthusiasts, grocery buyers who want maximum rewards on everyday platforms.

Skip if: You need airport lounge access, prefer a single merchant rewards card, or make significant international transactions (3.5% forex markup).

With over 30 lakh satisfied cardholders, the HDFC MoneyBack Plus delivers solid value for moderate spenders looking to earn rewards on their daily purchases.