HDFC MoneyBack Credit Card – Review, Details, Offers, Benefits

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HDFC Bank MoneyBack Credit Card will get you some exclusive features and benefits

Features

  • Spend Rs 50,000 in a Quarter and get Rs 500 E-Voucher ( Dominos , Book My Show & Big Bazaar)
  • 1% Fuel Surcharge waived off on fuel transactions ( Minimum transaction of INR 400, Maximum Cashback of INR 250 per statement cycle).
  • 15% off on 3000+ restaurants
  • Other exclusive offers on HDFC Credit Cards

Reward Points Collection

  • 2 Reward Points on Rs. 150 spent.
  • 100% more Reward Points on online  spends.  (i.e. 4 points for Rs 150 spent)
  • 10X reward points on HDFC SmartBuy Site

Exceptions:  EasyEMI and e-wallet loading transactions will not accrue Reward points.Reward points accrued will be reversed if a retail transaction is converted into SmartEMI.  Reward points accrued for Insurance transactions will have a maximum cap of 2,000 per transaction.

Reward Points Redemption

  • Redeem Reward Points as CashBack against outstanding amount on your Credit Card (100 Reward Points = Rs. 20)
  • Reward Points against air miles of Jet Airways (Jet Privilege Miles) and Singapore Airlines (KrisFlyer Miles).
  • Redeem points against the rewards catalogue  (approx 100 points =  Rs 25 )

Points Value / Cashback equivalent based on redemption

1 point = Rs 0.20

  • Approx. cashback of 0.27% on normal spending and  
  • Approx. cashback of 0.54% on dining and grocery,
  • Approx. cashback of of 2.70% on SmartBuy spending

Additional 1% in form of e-voucher if you hit the quarterly spending

Fees:   First year fee and Annual Fees – Rs 500

First year fee waived off if you spend Rs 10000 in first 90 days

Spend Rs 50,000 in a year and get a waiver of next year’s annual membership fee

Summary

This card offers double points for online shopping and Rs 500 evoucher when spending hits Rs 50K in a quarter.  HDFC MoneyBack Credit card is better than HDFC Platinum Edge credit card  or HDFC Titanium Edge credit card

In fact, I would rather go for HDFC Bank Regalia First Credit Card or HDFC Bank Diners Club Miles Credit Card

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