HDFC MoneyBack+ Credit Card Review

Looking for a credit card that offers solid cashback and a suite of perks without burning a hole in your pocket? In this in-depth review, we’ll walk you through every detail of the HDFC Bank MoneyBack+ Credit Card—from fees and rewards to unique benefits and smart redemption strategies.

Section 1: Basic Information & Fees

Joining Fee: ₹500 + GST
Renewal Fee: ₹500 + GST
Reward Type: Reward Points (CashPoints)
Welcome / Renewal Benefit: 500 CashPoints (applicable on payment of membership fee)

Tip: Your welcome bonus effectively offsets the joining fee if you earn and redeem 500 CashPoints right away.

Section 2: Key Features of the Card

Unlock accelerated rewards and exclusive offers with MoneyBack+:

• 10X CashPoints (3.3% Valueback) on spends at:

  • Amazon

  • Flipkart

  • Swiggy

  • Reliance Smart SuperStore

  • BigBasket

• 2 CashPoints per ₹150 on all other eligible spends.

• ₹500 Gift Voucher on spending ₹50,000 per calendar quarter.

• 10% Extra Discount on Swiggy Dineout using coupon code HDFCCARDS.

Section 3: Rewards Processing & Important Notes

RuPay Credit Cardholders (UPI Spends)

• Earn 2 Reward Points per ₹150 spent (excludes fuel, wallet loads, vouchers).

• Monthly cap: 500 reward points.

CashPoints Processing

Exclusions: Fuel, EMI, rent, government transactions, wallet loads, vouchers, cash advances, card fees, Smart EMI/Dial-an-EMI.

Education Payments:

• Third‑party apps: No points.

• Direct via school/college site or POS: Points apply.

Posting Timeline:

• Transactions settled 1st–30th/31st credited in first week of following month.

Section 4: Additional Card Features

• Zero Lost Card Liability: Toll-free India (1800 1600 / 1800 2600), Overseas (022-61606160).

• Interest-Free Credit Period: Up to 50 days (subject to merchant submission).

• Dining Privileges: Up to 20% off via Good Food Trail & Swiggy Dineout (payments via Swiggy App).

• Smart EMI Option: Convert spends (groceries, electronics, travel, education, etc.) to EMIs; excludes cash withdrawals, jewelry, gambling MCCs.

• Contactless Payments: Tap & pay up to ₹5,000 without PIN; PIN required for ≥ ₹5,000.

Section 5: Fuel Surcharge Waiver & Membership Benefits

• Fuel Surcharge Waiver: 1% on fuel (₹400–₹5,000); max ₹250 per statement cycle.

• Quarterly Gift Voucher: ₹500 voucher on ₹50,000 spend per quarter; up to ₹2,000 annually.

• Renewal Fee Waiver: Spend ₹50,000/year to waive ₹500 + GST renewal fee.

• Dining & Movie Offers: Up to ₹200 off on Swiggy Dineout dining.

Section 6: Reward Redemption & Validity

Redemption Options & Caps

• Statement Balance (NetBanking or form): 1 RP = ₹0.25 (min 2,000 points / ₹500).

• Flights & Hotels via SmartBuy: Max 50,000 points/month.

• Products & Vouchers: Redeem up to 70% of value with CashPoints.

• Cashback: Max 50,000 points/month (₹12,500).

Validity: CashPoints valid 2 years from earn date (e.g., Aug 2024 → Aug 2026).

Conversion Rates & Fees

• All Categories: 1 RP = ₹0.25.

• Easy EMI Fee: Up to ₹299 per EMI setup.

• Redemption Fee: ₹50 for statement credit redemptions.

Conclusion & Final Verdict

The HDFC Bank MoneyBack+ Credit Card blends a low annual fee with attractive reward rates, especially on online grocery and lifestyle spends. With flexible redemption, useful extras like fuel surcharge waiver, and robust liability protection, it’s a strong pick for everyday users looking to maximise value.

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