HDFC Bank MoneyBack Plus Credit Card: All You Need to Know about Features, Rewards & Benefits

The HDFC Bank MoneyBack Plus Credit Card is great for spenders who like to earn rewards for everyday spending and also like to have a dependable credit card to fall back on. Whether you are a shopaholic, a gourmet lover or those who enjoy the exclusive lifestyle, this credit card provides a wide range of features that will be on your companion on your financial journey. In this post, we will go through the different parameters of the HDFC Bank MoneyBack Plus Credit Card, such as its features, benefits, eligibility, and compare the same with the other credit cards offered by the bank.

Summary of the HDFC Bank MoneyBack Plus Credit Card

The HDFC Bank MoneyBack Plus Credit Card has been crafted to offer you convenience and rewards. From grocery shopping, or online shopping, or dining, you will enjoy the reward every single purchase as it earns you points, and the same can be used for getting a variety of rewards. From cash back to exclusive discounts, to simple and straightforward reward points, this no annual fee credit card is perfect for consumers who want a dependable and easy-to-use credit card.

Main Features of the HDFC Bank MoneyBack Plus Credit Card

Reward Points System

• Exclusive privileges on Shopping: 2 Reward Points* for every ₹150 you spend on groceries, supermarket, department stores and white goods.

• 1 Reward Point for every ₹150 spend on all other purchases, which include fuel, dining, etc.

• 5% Cashback on selective online spends & partner merchants spending.

This points-earning system allows you to earn points simply by using your card online and in-store. The points can be exchanged for cool gifts, vouchers, or even cash.

Cashback Offer

Cashback Offers: HDFC Bank MoneyBack Plus Credit Card provides with a 5% cashback on using select merchants/ e-commerce sites. This can be a big deal, particularly for people who do a lot of online shopping, as the cardholder can earn top dollar cash back on categories like groceries, fashion, and electronics.

Easy Reward Redemption

Flexible Redemption Choices: Reward points earned can be redeemed for items in the HDFC Bank Rewards Catalogue, flight tickets, hotel bookings, and may be utilised for bill payments too. One key aspect is that customers would be able to convert reward points to cashback that would be credited to the cardholder’s balance. This makes it super easy to put your rewards towards your balance, which adds even more value to your spending.

Fuel Surcharge Waiver

1% Fuel Surcharge Waiver: The HDFC Bank MoneyBack Plus Credit Card levies no surcharge on fuel purchases from ₹500 to ₹3,000 at any fuel station in India. This perk can be an asset for cardholders to save on their gas purchases, a utility product for most of the population.

Add-On Card

Add-ons: You can obtain supplementary cards for your family members who are over 18 years. Supplementary cardholders have access to the same perks, cashback and offers as the main cardholder, making it a good way to share the love with family.

Contactless Payments

Contactless Payment Option: The HDFC Bank MoneyBack Plus Credit Card lets you simply tap & pay for contactless payments. Just tap the card and go, for a quicker, more convenient way to pay for everyday transactions.

Comprehensive Insurance Coverage

• Purchase Protection: The card has purchase protection, which protects the cardholder against accidental damage or theft for eligible purchases made with the card. For such people this added level of security can be a huge incentive when trying to make big-ticket purchases.

• Air Accident Cover: The card comes with air accident insurance cover which is an extra layer of insurance for the card member when traveling by air.

HDFC Bank MoneyBack Plus Credit Card: Key Benefits

Reward Accumulation for Everyday Spending

If you are looking for a good cashback credit card then, HDFC Bank MoneyBack Plus Credit Card is something which you should consider. Whether you are buying clothes, dining out or paying bills, this card could be a way to collect reward points. The freedom to redeem your way means you can get the most from your rewards however you choose. For instance, it is beneficial to those who make frequent purchases at grocery and departmental stores as you will be awarded 2 Reward Points for every ₹150 you spend at these stores.

Bonus Cashback on Online Purchases

Get 5% cashback on online spends through partner merchants, which is one of the key advantages offered by the HDFC Bank MoneyBack Plus Credit Card. With e-commerce being a staple of our lives, a card that rewards you for online spend could be a huge game-changer. No matter if you buy gadgets, clothing or groceries, you can get real money back on every purchase.

Travel, Gifts and Bills – Redemption is achieved through travel, gifts and bills

With the HDFC Bank MoneyBack Plus Credit Card, you get various modes of reward redemption. Wanna use the points to purchase flights, get website bookings at hotels or even need to redeem them for gift cards, there are a plethora of options on offer with this card. What’s more, this credit card is especially appealing if you can maximize your rewards with the option to turn them into cashback and have it applied directly to your bill.

Fuel Savings

Combined with the 1% fuel surcharge waiver, this credit card guarantees that you can save more on fuel costs - something that the majority of the cardholders definitely spend on. For people who want to avoid filling up at a local fuel station to bring down fuel cost (especially road trippers), the fuel surcharge waiver could be a very valuable benefit.

Insurance and Protection

Get complete insurance package on the HDFC Bank MoneyBack Plus Credit Card, which also includes purchase protection and air accident cover. Having all of these benefits above adds another level of protection for cardholders, making it a dependable option for avid travelers and those who have a tendency to make large purchases.

HDFC Bank MoneyBack Plus Credit Card vs. Other Cards

As of HDFC Bank MoneyBack Plus Credit Card comparison with other credit cards available in the market, it has some unique merchandise such as reward points, cashback offers, and insurance coverage. Whereas some premium credit cards offer aspirational benefits such as concierge services or access to VIP lounges, the MoneyBack Plus Credit Card strikes a good balance and earns you everyday rewards and cashback at an affordable cost.

For example, premium cards, such as the HDFC Bank Regalia or ICICI Bank Coral Credit Card, could come with better travel and dining benefits, but are accompanied by higher annual fees. The MoneyBack Plus Credit Card, however, combines ultra-low fees with generous spending rewards – perfect for those who do a lot of spending in Singapore on a day-to-day basis.

Eligibility Criteria

You will have to meet below eligibility requirement for HDFC MoneyBack Plus Credit Card:

• Age: Candidates should not be less than 21 years and not more than 60 years.

• Income: Minimum income requirements differ from bank to bank, for salaried applicants usually earning at least ₹25,000 per month and up to a certain amount for self-employed people.

• Credit Score: It takes a credit score of at least 750 to increase the chances that your loan will be approved.

Final Thoughts

With the HDFC Bank MoneyBack Plus Credit Card, savers receive reward points for buying what they currently do, along with some extra benefits such as double reward points, cashback and free insurance. With its shifting rewards points system, cashback rewards, and low fees, this card offers a healthy blend of rewards and value so that you can use it whether you are new to credit cards or trying to switch to a nicer card.

Whether you want to earn rewards on retail spends, dinning or even when you refuel, there are many benefits available to ensure that every transaction you make is rewarding with the HDFC Bank MoneyBack Plus Credit card. With its flexibility, value and accessibility, it's a solid credit card contender.

If you are in the market for a credit card that provides you value along with no daunting fees, definitely go for the HDFC Bank MoneyBack Plus Credit Card.