HDFC Bank MoneyBack Plus Credit Card Review

Author And Publisher: Gyro 3.o
20.06.2025 03:46 PM - Comment(s)

HDFC Bank MoneyBack Plus Credit Card

HDFC Bank MoneyBack Plus Credit Card – best for everyday cashback, shopping rewards, and lifestyle benefits
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Financial Expert Advice

Choose Your First (or Next) Credit Card Wisely

Maintain Two Credit Cards: One For Routine Expenses And Auto-Debits, And Another Reserved For Emergencies. Avoid Pursuing Rewards; Prioritize Financial Stability And Discipline.

HDFC Bank MoneyBack Plus Credit Card Review
"Everyday Rewards, Simplified"

Introduction

The HDFC Bank MoneyBack Plus Credit Card is an upgraded version of the original MoneyBack Card, designed to offer enhanced cashback rewards across various categories. It's ideal for frequent online shoppers and those who value cashback on everyday purchases. Here’s a detailed review to help you decide if this card is right for you.

Key Features and Benefits

 

Welcome Benefits

  • Receive 500 CashPoints upon paying the joining fee of ₹500, providing an immediate reward for new cardholders.

Reward Structure

  • Earn 10X Cashpoint's (3.3% Valueback) on purchases at popular brands like Amazon, Flipkart, Swiggy, BigBasket, and Reliance Smart SuperStore.

  • Earn 2 CashPoints per ₹150 on other retail purchases.

Dining Benefits

  • Enjoy amazing dining benefits with Good Food Trail program.

  • Get 10% additional discount on Swiggy Dineout using coupon code HDFCCARDS.

Milestone Benefits

  • Get a gift voucher worth ₹500 on quarterly spends of ₹50,000 or more, allowing you to earn up to ₹2,000 in gift vouchers annually.

Fuel Surcharge Waiver

  • Enjoy a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, with a maximum waiver of ₹250 per statement cycle. 

Annual Fee

  • ₹500 + GST, with the option to waive the renewal fee by spending ₹50,000 annually.
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Fees And Charge Table

Card Essential

 Type:- CashPoints

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 Welcome Benefits:-  500 Cash Points
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Joining Fee:- ₹500 + GST
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  Annual Fee:- ₹500 + GST
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 Reward Structure:-  CashPoints on SPENDS
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Renewal Benefit:- Spend ₹50k + annually, get your renewal fee waived.
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 Interest Rate:- 3.75% per month (i.e., 45% per annum)
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 Forex Mark-up:- 3.50% + TAXS
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 Cash Advance Charges:- 2.5% or ₹500 Whichever is higher
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 Over Limit Charges:- 2.5% of overlimit amount, minimum of ₹550 
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 Wallet Transactions  Charges:- 1% + GST
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Rental Transactions  Charges:- 1% + GST 
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 Utility Transactions  Charges:- 1% + GST
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 Education Fee Payment Charges:-1% + GST
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Railway Surcharge:- 1% + GST 
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 Fuel Surcharge:- 1% 

Rewards and Benefits Analysis

The HDFC Bank MoneyBack Plus Credit Card is ideal for frequent online shoppers and those who prioritize cashback rewards. The accelerated rewards on popular e-commerce platforms make it a great choice for those who regularly shop on Amazon, Flipkart, and Swiggy. Additionally, the dining discounts and fuel surcharge waiver enhance its appeal for everyday expenses.

Practical Considerations

While the card excels in cashback rewards for online shopping, its benefits are limited for non-online spends. Additionally, the cap on bonus CashPoints earned per month might restrict high spenders from maximizing their rewards.

Redemption Options

CashPoints can be redeemed for cashback, purchasing products, flight/hotel bookings via HDFC SmartBuy, or converting them into AirMiles, providing flexibility in how you enjoy your rewards.

Ideal User Profile

This card is best suited for

  • Frequent online shoppers

  • Individuals who prioritize cashback rewards on everyday purchases

  • Those seeking an affordable credit card with focused benefits

Final Thoughts

The HDFC Bank MoneyBack Plus Credit Card offers a compelling package for online shoppers with its high cashback rate on popular brands and milestone benefits. While it may not be ideal for everyone due to its limited premium benefits, its affordability and cashback rewards make it a solid choice for those who regularly shop online.

Additional Tips for Potential Applicants

  • Eligibility: Ensure you meet the income requirements (₹20,000/month for salaried or ₹6 lakh/year ITR for self-employed).

  • Usage: Maximize spends on Amazon, Flipkart, Swiggy, and BigBasket to get the most out of the rewards.

  • Redemption: Opt for cashback or gift vouchers for the best redemption value.

CDMS EXPERT ADVICE

The HDFC MoneyBack Plus Card offers great value for frequent online shoppers seeking cashback on major brands. Prioritize disciplined spending and timely bill payments to avoid high-interest costs. If managing credit card repayments becomes challenging, seek CDMS support for tailored debt management solutions.

This review provides a balanced view of the card's strengths and weaknesses, helping readers make informed decisions about whether the HDFC Bank MoneyBack Plus Credit Card aligns with their 

spending habits and financial goals.

! Disclaimer - We strive for accuracy, but this content is for informational purposes only. For the latest product details and offers, please check the official site directly.
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Author And Publisher: Gyro 3.o

Author And Publisher: Gyro 3.o

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