HDFC MoneyBack Plus is an entry-level card that comes with an eligibility salary requirement of INR 25000 per month. It provides benefits on daily used items, groceries with BigBasket, lifestyle expenses with Flipkart and Amazon, dining with Swiggy, and other departmental store purchases via Reliance Smart SuperStore. It also offers accelerated rewards on EMI transactions to make high ticket purchases on EMIs.
Its closest competitors are HDFC Moneyback Credit Card and HDFC Millennia Credit Card. HDFC Moneyback is considered to be good for overall online spending, but the reward rates of MoneyBack Plus Credit Card are impressive. Also, HDFC Millennia is considered to be impressive as the Rewards to Cashback Ratio is as strong as 1:1.
Consider Getting This Card if:
Mentioned are the reasons to apply for this card:
- If you are new to credit cards and considering your first credit card.
- If you want a good credit score but are not able to get approval for other cards.
- In this case, you can attain the annual limit of spending in order to avoid the renewal charges.
Features and Benefits
Mentioned are the features and benefits of HDFC MoneyBack+ Credit Card:
- Get 500 Cash points as a welcome gift.
- Receive 5X cash points when you make Equated Monthly Instalments (EMIs) at merchant locations.
- Get 10X cash points while shopping on Amazon, Flipkart, Big Basket, Swiggy, Super Store, and Reliance Smart Super Store.
- Get 2X cash points when INR 150 are spent on other categories except for fuel, wallet, vouchers, prepaid card loads, etc.
- Get a voucher worth INR 500 when INR 50,000 is spent per calendar quarter.
- Get a discount of 20% on partner restaurants while ordering through Swiggy Dineout.
- Get a waiver of up to 1% on fuel surcharge maximum of up to INR 250 at all fuel stations all across India. (Minimum transaction of ₹400, Maximum transaction of ₹5,000).
- This card comes with zero lost card liability advantage, i.e., in case the card is lost, there is no liability in case any fraudulent transaction is done afterwards. The same must be notified to the HDFC Customer Care Centre.
- The renewal fees of annual membership will be waived in case INR 50,000 per year is spent.
- The cardholder can convert the one-time payments into low-interest EMIs on big purchases made.
- Get 50 days of interest-free period from the date of purchase.
Eligibility Criteria
Mentioned are the eligibility parameters to be met in order to apply for HDFC Moneyback Plus Credit Card:
- In the case of Salaried Individuals:
- The minimum age of an applicant should be 21 years.
- The maximum age of an applicant should be 60 years.
- The minimum income of an applicant should be INR 20,000 per month.
- In the case of Self-Employed:
- The minimum age of an applicant should be 21 years.
- The maximum age of an applicant should be 65 years.
- The ITR of an applicant should be INR 6 lakhs or above.
Fees & Charges
Mentioned are the fees to apply for HDFC MoneyBack+ Credit Card:
| Particulars | Charges |
| Joining Charges | INR 500 |
| Interest Rate | 3.6% per month (43.2% p.a.) |
| Annual Fee | INR 500 (Waived when INR 50,000 or more are spent) |
| Late Payment charges |
|
Documents Required
Mentioned is the list of documents required while applying for an HDFC Credit Card:
| Title | Details |
| Proof of Identity |
|
| Proof of Address |
|
| Proof of Income |
|
Limitations of HDFC MoneyBack+ Credit Card
Mentioned are the limitations of HDFC MoneyBack+ Credit Card:
- Even if the card is not in use, annual fees will be charged.
- The reward points have only 2 years of validity.
- It has high spending milestones on a quarterly basis.
- It provides 10X cash points only on select members.
- No reward points on fuel, wallets/ prepaid card loads, voucher purchases, etc.
How do you apply for an HDFC Moneyback+ Credit Card?
Mentioned are the steps to apply for HDFC Moneyback+ Credit Card:
Step 1: Launch the official website of HDFC.
Step 2: Go to the top of the page and click on “Check Eligibility”
Step 3: Fill out the details to check the eligibility for the card.
Step 4: Click on “Apply Now”.
Step 5: Provide the necessary documents.
Step 6: Click on “Submit”.
Step 7: An acknowledgement will be received along with an “Application ID” after its submission, which could be used to track the application.
How to Generate HDFC Credit Card PIN?
Mentioned are the different ways for HDFC Credit Card PIN Generation:
Option 1: Via “My Cards”
Step 1: Log in to https://mycards.hdfcbank.com/.
Step 2: Register the credit card with the last 4 digits.
Step 3: Enter the 4-digit PIN of your choice.
Step 4: Re-enter the PIN along with the card’s expiry date and click “Confirm”.
Option 2: Via IVR
Step 1: Call the Toll-free number 1860 266 0333 from the registered mobile number.
Step 2: Mention the last 4 digits of credit card followed by #.
Step 3: Dial 1 to generate a credit card pin.
Step 4: Type 6-digit OTP.
Step 5: Set the 4-digit PIN followed by # after successful validation.
Option 3: Via Net Banking
Step 1: Log in to Net Banking using the User ID and IPIN
Step 2: Click on “Cards” on the top.
Step 3: Under “Requests”, select “Instant PIN Generation”.
Step 4: Enter the 4-digit PIN of your choice.
Step 5: Re-enter PIN and click on “Continue”.
Option 4: Via ATM
Step 1: Call on IVR to get the OTP on the registered mobile number.
Step 2: Insert the credit card.
Step 3: Choose the option “Create new ATM PIN using OTP’.
Step 4: Enter the OTP received on the registered mobile number.
Step 5: Set a new 4-digit PIN.
