HDFC Moneyback Credit Card

HDFC Moneyback Credit Card Lounge Access, Features,Benefits, Charges

HDFC Moneyback Credit Card Lounge Access, Features, Benefits, Charges, and other related information are mentioned in this post. The HDFC Moneyback Credit card is one of the best credit card for beginners that offers reward points on every transaction, with a higher benefit on online spends. This credit card from HDFC Bank is best suited for Rewards and Cashback. In this post, we have tried to cover all the important details of the Moneyback Credit Card for you.

HDFC Moneyback Credit Card
Image Credit – HDFC Bank

HDFC Moneyback Credit Card Features

  • Reward Points – You can earn 2 Reward Points on every Rs 150 spent (Excluding fuel transaction, wallets loads/prepaid card loads & voucher purchases)
  • 2X Rewards Points – With this credit card you can also earn double Reward Points i.e. 4 Reward Points on every Rs. 150 spent online.
  • Gift Vouchers – Every quarter, get a gift voucher worth Rs. 500 on spends of Rs. 50,000. You can also earn up to Rs. 2,000 worth gift vouchers in a year. 
  • Zero Lost card liability – Unfortunately if you lost your HDFC Bank MoneyBack Card, then on reporting it immediately to the HDFC 24-hour call centre, you have zero liability on any fraudulent transactions made on your Credit Card. 
  • Interest Free Credit Period From the date of purchase you get Up to 50 days of interest free period on your HDFC Bank MoneyBack Credit Card (subject to the submission of the charge by the Merchant)
  • Revolving Credit – You can enjoy Revolving Credit on your HDFC Bank MoneyBack Credit Card at nominal interest rate.
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HDFC Moneyback Credit Card Benefits

  • The card offers you 500 Cash Points as welcome benefit (applicable only on payment of membership fee).
  • If you spend ₹50,000 and above in each calendar quarter then you can get ₹500 worth gift vouchers as Annual Spend based benefit.
  • On spending Rs. 50,000 and above in the first year your renewal membership fee is waived off.
  • HDFC Bank MoneyBack Credit Card comes with an option to convert your big spends into EMI after purchase if you’re unable to repay then through the HDFC Bank Smart EMI option.
  • The HDFC Bank MoneyBack Credit Card is also enabled for contactless payments for fast, convenient and secure payments at retail outlets.

HDFC Moneyback Credit Card Lounge Access

  • Well, currently the bank does not offer lounge access on the Moneyback Credit Card.

HDFC Moneyback Credit Card limit

  • Talking about the limit it’s totally upto the bank how much credit limit they offers you based on your credit score and ITR.

HDFC Moneyback Credit Card Fuel surcharge waiver

  • With this credit card you get 1% Fuel Surcharge waiver on fuel on minimum transaction of ₹400, and maximum transaction of ₹5,000. You can get a maximum fuel surcharge waiver of ₹250 per statement cycle.

HDFC MoneyBack Credit Card Reward Point/Redemption & Validity

Reward Points Accrual:

  • The Reward Points that you earned on HDFC Bank MoneyBack Credit Card can be redeemed against statement balance at the rate 1 RP = ₹0.20
  • The Cardholder must have minimum 2500 Reward Points for redemption against statement balance.

Reward Point Redemption:

  • Your accumulated Reward Points can also be used for redemption against travel benefits like Flight & Hotel bookings , where Credit Card members can redeem up to a maximum of 50% of the booking value through Reward Points and Rewards Catalogue at the SmartBuy Rewards Portal, at a value of 1 RewardPoint upto ₹0.25.

Reward Points Validity:

  • The Reward Points you earned are valid only for 2 years from the date of accumulation.

HDFC Moneyback Credit Card Eligibility

  • For Self Employed Indian Citizen – The minimum age requirement is 21 years with an Income Tax Return of Rs. 6 lakhs plus.
  • For Salaried Indian Citizen – The minimum age requirement is 21 years with a gross monthly income of Rs. 25,000 plus.

HDFC Moneyback Credit Card Fees & Charges

  • The Joining/Renewal membership of the Moneyback Credit Card is Rs. 500 + Applicable taxes.

Late Payment Charges

Statement Balance Late Payment Charges
Less than Rs. 100NIL
Rs. 100 to 500Rs. 100
Rs. 501 to 5,000Rs. 500
Rs. 5,001 to 10,000Rs. 600
Rs. 10,001 to 25,000Rs. 800
Rs. 25,001 to 50,000Rs. 1100
More than Rs. 50,000Rs. 1300

Final Words

The HDFC Moneyback Credit Card is a good option if you’re a beginner. The rewards cashback, welcome benefits, fuel surcharge waiver make this credit card a good option to have.

Hope you like this article. Thanks for giving your valuable time.

FAQs

What is the maximum limit of HDFC Moneyback Credit Card?

Well, the limit is always decided by the bank based on your Credit Score and ITR. However, in my case I got a limit of Rs. 75,000 which is preety good as a beginner.

How good is HDFC Moneyback Credit Card?

The Moneyback Card is preety good as it comes with 2x rewards points, welcome benefits, fuel surcharge waiver, and more.

Is HDFC Moneyback Card eligible for lounge access?

No, the moneyback card does not offer you airport lounge access.

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