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    HDFC MoneyBack Plus Credit Card: A Deep Dive into Features, Rewards, and Benefits

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    By on Business

    HDFC MoneyBack Plus Credit Card is a superior version of HDFC MoneyBack that was issued earlier. Though both the cards have similar joining fees and annual fees i.e. INR 500, Moneyback Plus provides a higher reward rate. It offers benefits in the form of reward points across multiple categories and different brands like Amazon, Flipkart, BigBasket, Swiggy, etc.

    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 are impressive of MoneyBack Plus Credit Card. Also, HDFC Millennia is considered to be impressive as the Rewards to Cashback Ratio is as strong as 1:1.

    HDFC MoneyBack+ Credit Card – A Snapshot
    Best Suited For Rewards
    Joining Fee INR 500
    Annual Fee INR 500 (Waived off on spending INR 50,000 in a year)
    Minimum Income Required Salaried: INR 20,000 p.m.
    Self-employed: ITR> INR 6 lakh p.a.
    Welcome Benefit 500 Cash Points on the payment of the joining fee
    Best Feature 10X Cash Points on Amazon, Swiggy, BigBasket, Reliance Smart SuperStore & Flipkart

    Eligibility Criteria

    Mentioned below are the eligibility criteria to apply for HDFC Moneyback Plus Credit Card:

    1. In the case of Salaried Individuals: 
    2. The minimum age of an applicant should be 21 years.
    3. The maximum age of an applicant should be 60 years.
    • The minimum income of an applicant should be INR 20,000 per month.
    1. In the case of Self-Employed:
    2. The minimum age of an applicant should be 21 years.
    3. 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 below are the fees to apply for HDFC MoneyBack Plus Credit Card:

    Particulars Charges
    Joining Charges INR 500
    Interest Rate 3.6% per month
    Annual Fee INR 500
    Late Payment charges
    • Less than INR 100: Nil
    • INR 100 – INR 500: INR 100
    • INR 501 – INR 5,000: INR 500
    • INR 5,001 – INR 10,000: INR 600
    • INR 10,001 – INR 25,000: INR 800
    • INR 25,001 – INR 50,000: INR 1,100
    • Above INR 50,000: INR 1,300

    Documents Required

    Mentioned below are the documents required to apply for HDFC Credit Card:

    Title Details
    Proof of Identity PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI, or any other government-approved photo ID proof
    Proof of Address Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof
    Proof of Income Latest one or 2 salary slips (not more than 3 months old), Latest Form 16, Last 3 months’ bank statement

    How to Apply for HDFC MoneyBack+ Credit Card via Online

    Mentioned below are the steps to apply for HDFC Moneyback+ Credit Card online:

    Step 1: Open the official website of HDFC Bank and click on “Credit Cards”.

    Step 2: Choose the desired card and then click on “Apply Now”.

    Step 3: Enter the personal details and income details.

    Step 4: Upload the documents required and wait for the bank executive to revert.

    Step 5: The bank will then verify the credentials before approving the application, and the credit card will then be received within a few days.

    How to Apply for HDFC MoneyBack+ Credit Card via Offline

    Mentioned below are the steps to apply for HDFC Moneyback+ Credit Card offline:

    Step 1: Visit any nearest HDFC branch and fill out the application form.

    Step 2: Choose the desired credit card that is to be applied for and provide all the relevant personal and income details.

    Step 3: Provide a photograph along with the signature on the application form.

    Step 4: Submit the application form along with the necessary documents.

    How to Generate HDFC Credit Card PIN?

    Mentioned below 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: Set PIN.

    Step 4: Enter the 4-digit PIN of your choice.

    Step 5: Re-enter the PIN along with the card’s expiry date.

    Step 6: Click “Confirm”.

    Option 2: Via IVR

    Step 1: Call the Toll-free number 1860 266 0333 from the registered mobile number.

    Step 2: Enter 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: Enter the registered mobile number.

    Step 6: Set a new 4-digit PIN.

    Conclusion

    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.

    But it also has certain limitations:

    • There are neither any travel benefits nor accelerated earnings on any popular brands.
    • There are no rewards on fuel. Also, the earnings on grocery spending are restricted to 1000 reward points.

    Why Opt for this Card?

    • If you are a frequent shopper of brands like – Flipkart, Amazon, Swiggy, etc.
    • If you are not a frequent traveler or already possess a travel-related credit card.
    • If you already possess a fuel-related credit card.
    • If the card offers benefits in the form of reward points and there are no high annual fees.