HDFC MoneyBack Credit Card

Eligibility Criteria

HDFC MoneyBack Credit Card: Your Gateway to Cashback Rewards and Everyday Savings

Looking for a credit card that rewards you on everyday spend? The HDFC MoneyBack Credit Card could be it. Let’s take a look at the overview of card details, eligibility criteria, documents required, features, benefits, customer reviews, and much more to decide if it merits a slot in your wallet.

 1. Card Details

The HDFC MoneyBack Credit Card is probably one of the special cards that cater to people striving to earn cash back on their everyday spends. Key details include:

– Issuer: HDFC Bank

– Type: Cashback Credit Card

– Annual fee: ₹ 500 + GST, which is waived if the annual spends on the card add up to more than ₹50,000

– Joining fee: ₹ 500 + GST

– Interest Rate: 3.49% monthly; 41.88% per annum

– Cash advance fee: 2.5% of the amount withdrawn, subject to a minimum of ₹500

• Mark-up on Foreign Currency: 3.5% + GST

 2. Eligibility Criteria

Following is the eligibility criteria that need to be kept in mind when one applies for the HDFC MoneyBack Credit Card:

Age: 21-60 years

Employment Status: Salaried or self-employed

Minimum Annual Income-

Salaried: ₹3 lakh per annum

Self-employed: ₹4.5 lakh per annum

Credit Score: A good credit score of 700+ is recommended

Residence: The applicant has to either be an Indian resident or a Non-Resident Indian (NRI)

3. Documents Required

The following are some of the documents that would have to be forwarded for a HDFC MoneyBack Credit Card application:

For Salaried Individuals:

Application form

Recent passport-size colour photograph

Copy of PAN card

Copy of Aadhaar card

Latest salary slip/Form 16 along with the last salary account

Bank statements for the latest 3 months

For Self-Employed Individuals:

Application form

Recent passport-size colour photograph

Copy of PAN card

Copy of Aadhaar card

Income Tax Returns of the latest 2 years

• Statements of bank accounts for the last six months

• Proof of business: This includes GST registration, shop act license, etc.

4. Card Features & Benefits

HDFC MoneyBack Credit Card comes with a host of features and benefits to ensure maximum savings:

 1. Cashback Rewards:

    –1.5% cashback on all online spends

    – 1% on all offline spends

    – 5% cashback on all EMI transaction

 2. Fuel Surcharge Waiver:

Waiver of 1% fuel surcharge on transactions of ₹400 to ₹5,000 across all petrol pumps in India

3. Movie Ticket Offers:

   1 ticket free out of 2 movie tickets booked on BookMyShow (Up to 2 free tickets per month)

4. Dining Privileges:

   Up to 15% discount at select restaurants throughout India

5. Shopping Benefits:

Exclusive discounts and offers on popular e-commerce sites

6. Travel Benefits:

    Free lounge access (2 per quarter) from select domestic airports.

7. Insurance Coverage:

    Credit Shield cover up to ₹50,000

    Air accident cover of ₹1 crore

8. Easy EMI Options:

    Converting big transactions into easy EMIs

    Avail at competitive rates (low interest)

9. Reward Points:

– 2 reward points for every ₹150 you spend

   – Redemption of points for products and services

10. Balance Transfer Facility:

    – Lower interest loans on your card for outstanding amounts from other credit cards

 5. Type of Card

Really, the HDFC MoneyBack Credit Card caters to each need one might bear in his/her lifestyle. It is a one-stop versatile financial tool meant for people who want to make the most out of their everyday spending.

The best feature that the card offers is the structure of cashback, with a higher reward towards online transactions and EMI purchases. This makes it ideal for the consumer in the know who shops many times through online transactions or likes to make large purchases and have them converted into manageable EMIs.

The fuel surcharge waiver is a very beneficial feature for the cardholders, which may help them save a lot on fuels over a period of time. While movie lovers get to enjoy the Buy 1 Get 1 free offer on BookMyShow, food lovers can have partner restaurants at discount rates.

Travel treats like free access to airport lounges make your travels that much more luxurious. On the other hand, the insurance coverage is an added protection for the cardholder and his or her family, providing peace of mind.

Its reward point program allows users to accumulate points on every purchase; these points can be redeemed for various products and services. This coupled with cashback rewards makes sure that cardholders get maximum value on their spending.

In the sense that the card does indeed have associated annual and joining fees, while all can coolly be waived with some good annual spending, this is probably the most economic alternative for regular users. A balance transfer facility can also be quite a useful tool for managing debt, possibly reducing interest payments as well.

In all, the HDFC Moneyback Credit Card is a good combination of cash back rewards and lifestyle benefits, and makes for an engaging option to tap your expenses with a credit card.

 6. Customer Reviews

Following are some of the reviews mentioned by HDFC Moneyback Credit Card users regarding their expenditure experience.

Positive Reviews

– “I just love the cashback offers which come with the card. Very good to feel that my savings are increasing with each new purchase on my part.” – Rahul S.

– “The offer for a movie ticket makes all worthwhile. I saved a lot of money on entertainment.” – Priya M.

– “The most important is the fuel surcharge waiver, as I travel daily long day-to-long distances.” – Amit K

– ” The annual fee is a bit high if the spending doesn’t meet the requirement for a drop off. ” – Sneha R.

 – ” Wish the cashback rates were higher for making offline purchases. ” – Vikram P.

 – ” It should be a bit easier to redeem your reward points. ” – Anita G.

 7. Add Your Review

Have you used the HDFC MoneyBack Credit Card? Do let us know how your experience went! You can share what you think about the features of the card, the benefits accrued, customer service experience, and overall value. Your review can help others decide if this is the right card for them.

You can kindly follow the comments section below for your review or visit the official HDFC Bank website. Remember to be fair and comprehensive in your opinion, showing the merits and demerits alike.

Concluding, the HDFC MoneyBack Credit Card offers an attractive blend of cashback rewards and lifestyle privileges. A great value addition for one who shops a great deal online, eats at various restaurants all around, and also vacates quite a few times a year. The only thing that remains to be seen is whether the card fits your spending habits and financial goals. If you swear by good cashback rewards and diverse benefits, this MoneyBack Credit Card from HDFC is something that you need in your wallet.