HDFC MoneyBack Credit Card Review – Benefits, charges, Eligibility

HDFC MoneyBack Credit Card Review By Pricemint
MoneyBack Credit Card

Name: HDFC MoneyBack Credit Card

Description: MoneyBack By HDFC Bank is one of the latest or trending reward points-based cards for newbies. it is a new low-end or entry-level credit card. it offers rewards points as a form of cash back on every spend you make. Briefly, you can earn 4 reward points on every online purchase of ₹150.

3.7
3.7 of 5 stars 1 review
  • Cashback
  • Fees & Charges
  • Eligibility
  • Features
  • Redeeming

Summary

The overall performance of reward points on online and offline spending through the moneyback card is quite decent to choose from. Redeeming only 50% could be a drawback but still, it offers gift vouchers and charges & fees are quite better.

User Review
  • Cashback
    Sending
  • Fees & Charges
    Sending
  • Eligibility
    Sending
  • Features
    Sending
  • Redeeming
    Sending
Comments Rating 0 (0 reviews)

Pros

  • CashBack or reward points on all transactions
  • Yearly Gift Vouchers That Value more than ₹2k
  • Fees and annual charges are decent
  • Fuel surcharge Facilities are good

Cons

  • No Free National or International Lounge Access
  • 1 RP = ₹0.20 could be better
  • Redeeming only 50% while travel booking

HDFC MoneyBack Credit Card Review: MoneyBack is one of the latest cash back or rewards point-based credit cards issued by HDFC Bank. it is quite popular among new individuals who want their first credit card. It is a low-end or entry-level credit card by HDFC bank.

Moneyback is a quite competitive credit card with a few popular bank brands like SBI And Axis Bank. it offers cashback on spending and additional benefits.

it offers value back as 2 reward points on every spending more than ₹150. moreover, the cardholder has a facility to earn 4 Reward Points on every online spending.

Before Applying for the Credit Card, you can check our full details Review on HDFC MoneyBack Credit Card – Benefits, charges, Eligibility, and the pros and cons for better selection.

Latest Review on HDFC Bank MoneyBack Credit Card

Table of Content

HDFC MoneyBack Credit Card Highlight Key Points

MoneyBack Credit Card
Highlight KeysDetails
TypeIt is A Entry-Level Card (Low End)
Cashback TypeReward Points
Best SuitableFor Beginners, Salaried Individuals, Self Employed
GenreCashback Card
Annual FeesThe annual charge is ₹499 and GST Taxes applied
Welcome OffersYes! it offers 500 Cash Points as a welcome benefit for only applicants who pay the membership fee to get the moneyback card.
Benefits– It offers cashback as a form of reward points for shopping online or offline at all merchant stores.
– On Online Spending Through using the Moneyback card, it offers 2X Reward Points Per Spending.
– on every quarter of the year, it offers the cardholder to get a worth ₹500 Gift Voucher on purchasing ₹50,000 or More. You can earn a gift voucher worth ₹2,000 or more in a year.
– Moneyback offers a decent facility of fuel surcharge waiver of 1% on all fuel stations.
Additional FeaturesIt offers additional HDFC Bank Benefits like Zero Lost card liability, Interest-Free Credit Period, and Revolving Credit options for better convenience and safety.
Customer Care NumberTo get customer support, for asking queries and contact directly to HDFC Bank. Here is the Customer care number that you can use – 1800 202 6161 or you can try this one 1860 267 6161.

Note: To apply for This Banking Product or card, You have to visit its bank’s official website. it is a review-based article for informational purposes. We try to provide accurate and detailed information about the product and services. The user reviews are the user experience that individuals share with us.

More Reviews: You can check more similar or Alternatives credit cards like HDFC MoneyBack Card

What are the Benefits OR Features offered by HDFC MoneyBack Credit Card?

As A Welcome Benefit, The applicant can get 500 cashpoints. if you pay the payment of membership fee. as I already said, it is a reward point-based value back credit card. Therefore, it allows earning regular 2 reward points for every spend of ₹150 or more.

On Online Purchasing, it offers 2x reward points. it switches or upgrades your reward points from 2 to 4. in simple words, you can earn 4 reward points on every online purchase of more than ₹150 you made.

it has a gift voucher facility for the cardholder. The individual can get more than ₹2000 worth of gift vouchers every year by using the card.

At the time of increasing fuel prices, it has a facility of Fuel Surcharge Waiver to get a discount on refueling. briefly, it offers a ₹250 Cashback per statement cycle on refueling at a minimum transaction of ₹400. you can get a discount as a 1% fuel surcharge waiver on all brands of fuel stations across Indian states.

What are Discounts And Cashback While Using the card?

Reward PointsInformation
Normal or Offline ShoppingThe regular cashback that cardholders can Earn is 2 reward points on every Rs 150 spent
Online Spent 2X Reward Points on every ₹150 or above online purchase, in short, you can earn 4 reward points for every purchase of Rs.150.

To Redemption of Reward Point or Cashback

Your earned 1 Reward Point value is ₹0.25 or more. it is valid for only 2 years from the date of accumulation which is quite good than other similar cards.
For Redemption, you can visit the SmartBuy Rewards Portal. After that, you can redeem your reward points for travel benefits such as booking flights, hotels, or buses. however, you can only redeem 50% of the booking cost.

Quick features Points or Benefits Offered By MoneyBack Credit Card from HDFC

Quick KeysList
Fuel DiscountYes! 1% Waiver on Refueling
Gift VouchersYes! More than ₹2000 Worth of Gift Vouchers Annually
Renewal OfferYes! if you spend more than ₹50,000 in the recent first year you will get a waiver off.
Smart EMIYes! The primary cardholder can switch their big expenses into Simple Monthly EMI.
Contactless PaymentYes! You can spend small purchases just a waving the card on the machine
Additional Features– Revolving Credit
– Zero Lost Card liability
– Interest-Free Credit Period

What are the Charges and fees of HDFC MoneyBack Credit Card (GST Included)

On MoneyBack Card, Here is the list of charges & Fees that applied to cardholders.

ListCharges & Fees Details
Welcome BenefitsIt offers a decent welcome benefit of 500 cash points However, it only applies to those who pay the payment of membership fees.
Joining or Card BookingIt has a Joining or Card Booking Fees that will be applied, The One Time Pay Joining Fee is ₹500. and applicable GST Taxes.
Yearly Charges & FeesIt has ₹500 Yearly Charges.
What are Finance Charges that will apply (Interest rate)The Finance fees are around 3.6% per month. it would be yearly is 43.2%.
Late PaymentNo Late Payment Charges will apply if your overdue is under ₹100.
Late Payment Fees List– in Between ₹101 to ₹500. ₹400 Fee
– If Your Overdue Payment is in the middle of ₹501 to ₹5,000. The Fee is ₹400.
– If Amount Between ₹5,001 to ₹10,000. The Charge is ₹500.
– Above Up to ₹10,000 – charge ₹750 or more.
For Reissue The Card when stolen or damagedThe Fixed Charge is a Rupee of 100.
Cash withdrawal Charges– The minimum amount is ₹500.
– it has cash withdrawal Fees that are 2.5% of the total withdrawal amount.

What is the eligibility to approve the HDFC MoneyBack Card?

For Eligible for This Low-end HDFC MoneyBack Credit Card, The Individual must be having citizenship in India. moreover, The applicant must be the age of in-between 21 years to 60 Years. The Salaried Individual and Self Employed applicants are fully eligible to get the approval of the card.

EligibilityIncome Required
Self Employed IndividualsThe Self Employed Person Gross income must be around ₹6.0 Lakhs per annum or more.
Salaried Indian IndividualsThe Salaried Applicant must be gross per monthly stable salary around 25,000 or more is required.

In addition, there are a few must-required criteria that you have to follow for approval.

  1. To be Eligible For a MoneyBack Credit card, A Good Credit Score or Cibil Score Around 700 or Above is a must required.
  2. The person must have a stable and consistent monthly income with proof such as IT Returns, Salary slips, and Bank Statements.

How to Apply For The HDFC MoneyBack Credit Card or How you get one

For Applying for the money-back credit card, the applicant can visit the nearest branch of HDFC Bank for better convenience. Moreover, you can apply for the card through HDFC Bank’s official website. All you need to do is, Go to the HDFC Bank website and on the header section, click on the credit card option, now you have to click on apply online button.

It will ask for your personal, income, and address details. to get the card, you have to mention your few documents such as pan card, Aadhar card, and Payslip. it will take 20 minutes to complete the process. once your process is done, it suggests a few HDFC Bank cards. you can select which one you want and click on the select button to jump to the next process.

it will ask few details to complete your KYC. Once your process is done, it will issue a card and deliver it to your mentioned address.

Additionally, Here are a few Documents are must be required for easy approval.

HDFC MoneyBack Credit Card Alternatives To Choose from

FeaturesFlipkart Axis Bank CardAmazon Pay ICICI Credit CardSBI SimplyClick
Annual And Joining Charges– The annual fee is Rs. 500
– ₹500 is the Fee for card booking or joining
– No Yearly And Card Booking Fee will be applied (Lifetime Free)
₹ 499+ GST
Reward Points or Cashbackit allows 5% value back or cashback on buying from Flipkart and its daughter companiesit allows 5% amazon pay cashback or value back on buying from Amazon and its Subsidiariesit offers 10% value back on booking from the official website IRCTC.

Summary

if you want a low-end card that has a low annual charge and a good credit line. or you are not that familiar with credit cards that card could be a great option to choose. it makes your spending more meaningful with cashback on every deal. Pricemint User review give is 3.7 rating out of 5 which is quite cool compared to more similar low-end credit cards. for online spending, it performs quite well.

Check Recent One – Latest Non-Banking Dhani Card One Freedom Review By Pricemint

If you like the review on HDFC MoneyBack Credit Card, Do share your user review And LEAVE A REPLY in the comment section below. Additionally, if you feel the content is awesome, please by using the below social media icons do share it with your friends and family. if you find a mistaken error or want an update or add something to the content. you can click here to contact us.

nanneparmarr
We will be happy to hear your thoughts

Leave a reply

User Review
  • Cashback
    Sending
  • Fees & Charges
    Sending
  • Eligibility
    Sending
  • Features
    Sending
  • Redeeming
    Sending

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Pricemint
Logo
Register New Account
Reset Password
Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

Powered By
CHP Adblock Detector Plugin | Codehelppro