HDFC Bank MoneyBack+ Credit Card: The HDFC Bank MoneyBack+ Credit Card is considered as a superior version of the HDFC MoneyBack Credit Card with various benefits to the cardholders across different categories and provides a higher reward rate as compare to HDFC MoneyBack Credit Card.
being an entry-level card, Moneyback+ offers extra rewards on EMI spends which makes it a good option for high-ticket spends as well, and Users can earn accelerated reward points on some of the most popular brands like Amazon, Flipkart, BigBasket, Swiggy and more.
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HDFC Bank MoneyBack+ Credit Card
1. Features and Benefits:
The HDFC Bank MoneyBack+ Credit Card lets you earn cashback as CashPoints on all categories with the card. Apart from earning CashPoints, the card also offers a few other benefits like gift vouchers , dining discounts, fuel surcharge waiver, many more.
Here we have mentioned the features and benefits offered by the HDFC Bank MoneyBack+ Credit Card:
- Welcome Benefits: As a welcome benefit, you get 500 Cash points on joining the card and on card renewal, get 500 cash points each year.
- Dining Benefits: On paying through your MoneyBack+ Credit Card, you can get a discount of upto 15% on dining across more than 2,000 premium restaurants.
- Milestone Benefit: On the expenditure of Rs. 50,000 or more in a qaurter, you can earn a gift voucher which is worth Rs. 500 i.e., gift vouchers worth Rs. 2,000 in a year.
- Fuel Surcharge Waiver: Cardholders will get a fuel surcharge waiver of 1%, at fuel pumps all over India on HDFC MoneyBack+ Credit Card. This is applicable on a maximum transaction value of Rs. 250.
- Joining and Renewal Fee Waiver: if you spend Rs. 50,000 or more in the previous year, The annual fee for HDFC Bank MoneyBack+ Credit Card can be waived on the renewal fee of Rs. 500.
- Zero Credit Card Lost Liability: In case, you lose your card you have no liability for any unauthorized purchases or any fraudulent transactions made with the card, and you have to report the same within 24 hours.
- Reward Points: 1. Earn up to 10X Reward Points: On your spends on Amazon, Flipkart, Big Basket, Reliance Smart Superstore, and Swiggy, get 10x Cash Points, cardholders can earn a maximum of 2,500 CashPoints in a calendar month, and for EMI transactions, even if made with the 10X category merchants, will only earn 5X CashPoint. 2. 5X CashPoints:On EMI spends at selected merchant locations, get 5x Cash Points. Also, you can earn cashbacks on Merchant/EasyEMI, Aggregator EMI and for Brand EMI. Cardholders can earn a maximum of 2,500 CashPoints in a calendar month. 3. 2 CashPoints: The SmartPay transactions will be considered under 2 CashPoints category and Get 2 Cash Points per Rs. 150 spent except fuel, wallet reload, prepaid card loads, voucher purchases. And available or valid till 2 years from the date of accrual. 4. CashPoint Redemption: 1 Cash Point = Re. 0.25 for redemption against statement cash, flight/hotel bookings on Smartbuy, product catalog, and Airmiles. Only up to 50% of the booking can be done through the cash points.
Check, HDFC Regalia Credit Card
2. Fees and Charges:
- The joining fee for the HDFC Bank MoneyBack+ Credit Card- Rs. 500.
- The Annual fee or Renewal fee charges are- Rs. 500 (waived off on spending Rs. 50,000 in a year).
- The Cash Advance Fee, Rs. 500 or 2.5% of the withdrawn amount.
- On all the Foreign currency transaction, you have to pay forex fee of 3.5% on the transacted amount. This fee is to be paid on all international transactions done using this credit card.
- An interest rate of 4.6% per month (43.2% annually) is applicable on the due amount on the card if the cardholder is unable to clear all the dues by the payment due date.
- Late Payment Charges are- apart from the interest rate, a late payment fee shall also be applicable, For Statement Balance: Less than Rs. 100: Nil, Between Rs. 100 to Rs. 500: Rs. 100, Between Rs. 501 to Rs. 5,000: Rs. 500, Between Rs. 5,001 to Rs. 10,000: Rs. 600, Between Rs. 10,001 to Rs. 25,000: Rs 800, Between Rs. 25,001 to Rs. 50,000: Rs. 1,100, and for Above Rs. 50,000: Rs. 1,300.
3. Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for HDFC Bank MoneyBack+ credit card are as follows:
- The age limit for applying for this card is 21-60 years of age for salaried employees and 21-65 years of age for Self-Employed Individuals.
- The cardholder should be an Indian resident.
- The cardholder should have a stable source of income either through salary i.e., should earn a minimum of Rs. 20,000 per month or if self-employment i.e., should be filling an ITR of a minimum of Rs. 6 Lakhs annually.
- For Identity Proof documents you need are Aadhar Card, Voters Id, PAN Card, Passport, Driving License.
- For Address Proof, Utility bills of the latest months, Aadhar Card, Passport, and Ration card are the needed documents.
- For Income Proof, you need to submit the latest bank statement as a salaried person, and can also, submit your company ID card, if you are salaried, and if you are self-employed, you should submit your latest ITR.
Also check, HDFC Bank Millennia Credit Card
4. How to Apply for HDFC Bank MoneyBack+ credit card:
For HDFC Bank MoneyBack+ credit card you can apply either online or offline. For offline mode, you can visit your nearest HDFC Bank branch with all the required documents and fill out the physical application form.
To apply for HDFC Bank MoneyBack+ Credit Card online, you have to visit Official website of the HDFC Bank i.e., www.hdfcbank.com and HDFC’s credit card application page and select your credit card and fill all the requested details and providing the required documents.
Also check, How To Redeem HDFC Credit Card Points?
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