Introducing the HDFC MoneyBack Credit Card, a versatile card designed to reward you for your everyday expenses. With this credit card, you can earn cashback on your purchases and enjoy a range of benefits. Here’s an overview of the HDFC MoneyBack Credit Card:
1. Cashback Rewards: The HDFC MoneyBack Credit Card allows you to earn cashback on your transactions. For every purchase you make, you can earn 2 reward points per Rs. 150 spent. These reward points can be redeemed for cashback, giving you savings on your future expenses.
2. Fuel Surcharge Waiver: Enjoy a fuel surcharge waiver of up to Rs. 250 per statement cycle on fuel transactions at fuel stations across India. This waiver helps you save on your fuel expenses.
3. Contactless Payments: The HDFC MoneyBack Credit Card is equipped with contactless payment technology, allowing you to make quick and secure transactions by simply tapping your card at the payment terminal.
4. Zero Liability Protection: With HDFC’s Zero Liability Protection, you are safeguarded against any unauthorized transactions made on your credit card, provided you report the loss or theft immediately.
5. Revolving Credit Facility: The card offers a revolving credit facility, allowing you to convert your purchases into easy monthly installments and manage your payments conveniently.
6. Reward Redemption Options: The reward points earned on your HDFC MoneyBack Credit Card can be redeemed for cashback, gift vouchers, or a wide range of merchandise from the HDFC Rewards Catalogue.
7. Insurance Coverage: The HDFC MoneyBack Credit Card provides you with insurance coverage against lost card liability, purchase protection, and an emergency card replacement service.
Features and Benefits of HDFC MoneyBack Credit Card
The HDFC MoneyBack Credit Card offers cashback as its primary reward type.
1. Earn 2 Reward Points on every Rs 150 spent (excluding fuel transactions, wallet loads/prepaid card loads, and voucher purchases).
2. Earn 2X Reward Points (i.e., 4 Reward Points) on every Rs. 150 spent online*.
3. Quarterly gift voucher worth Rs. 500 on spends of Rs 50,000. Earn up to Rs. 2,000 worth of gift vouchers in a year.
4. Zero liability for fraudulent transactions on lost cards when reported immediately.
5. Up to 50 days of interest-free credit period on purchases.
6. Revolving credit facility at a nominal interest rate.
7. Exclusive dining privileges through the Good Food Trail program.
8. Fuel surcharge waiver of 1% on fuel transactions (minimum transaction of Rs. 400, maximum transaction of Rs. 5,000, and maximum waiver of Rs. 250 per statement cycle).
9. Welcome benefit of 500 Cash Points (applicable only on payment of membership fee).
10. Annual spend-based benefit: Spend Rs. 50,000 and above in each calendar quarter and get Rs. 500 worth of gift vouchers.
11. Renewal offer: Spend Rs. 50,000 and above in the first year and get the renewal membership fee waived off.
12. Smart EMI option available to convert big spends into EMIs after purchase.
13. Contactless payment-enabled for fast and secure transactions.
14. Reward points accrual and redemption options available (subject to terms and conditions).
Reward Point/Cashback Redemption & Validity:
- Reward Points earned on the HDFC MoneyBack Credit Card can be redeemed against the statement balance at a rate of 1 RP = Rs. 0.20.
- Minimum of 2500 Reward Points required for redemption against the statement balance.
- Reward Points can also be redeemed for travel benefits like flight and hotel bookings, with a maximum redemption of 50% of the booking value through Reward Points.
- Rewards Catalogue available for redemption at the SmartBuy Rewards Portal, with 1 Reward Point valued at up to Rs. 0.25.
- Reward Points are valid for 2 years from the date of accumulation.
Eligibility for HDFC Bank MoneyBack Credit Card:
For Salaried Indian nationals:
- Age: Minimum 21 years and maximum 60 years.
- Gross Monthly Income: Should be more than ₹25,000.
For Self-Employed Indian nationals:
- Age: Minimum 21 years and maximum 65 years.
- Income: Annual income tax return (ITR) should be more than ₹6.0 lakhs.
Please note that these eligibility criteria are subject to change and additional requirements may apply. It is recommended to visit the HDFC Bank website or contact their customer service for the most up-to-date eligibility information and application process.
Fees and Charges
Joining/Renewal Membership Fee:
The joining and renewal membership fee for the HDFC Bank MoneyBack Credit Card is Rs. 500/- plus applicable taxes.
Please note that the fees and charges mentioned are based on the information provided as of November 1, 2020. It is advisable to refer to the HDFC Bank website or the relevant documentation for the most up-to-date and accurate details regarding fees and charges.
Inactive Card Policy:
The Bank reserves the right to cancel the HDFC Bank MoneyBack Credit Card if it remains inactive and is not used for any transactions for a continuous period of 6 (six) months. Prior written notice will be sent to the cardholder’s registered email address, phone number, and communication address as per the bank’s records.
FAQs (Frequently Asked Questions) about HDFC Bank MoneyBack Credit Card:
1. How can I earn cashback on my HDFC Bank MoneyBack Credit Card?
– You can earn cashback by making purchases with your card. For every Rs. 150 spent, you will earn 2 Reward Points, which can be redeemed for cashback.
2. What is the fuel surcharge waiver offered with the HDFC Bank MoneyBack Credit Card?
– The card provides a fuel surcharge waiver of 1% on fuel transactions, with a minimum transaction of Rs. 400, a maximum transaction of Rs. 5,000, and a maximum waiver of Rs. 250 per statement cycle.
3. Are there any annual spend-based benefits with this credit card?
– Yes, if you spend Rs. 50,000 and above in each calendar quarter, you will receive gift vouchers worth Rs. 500. This can amount to up to Rs. 2,000 worth of gift vouchers in a year.
4. Can I convert my big spends into EMIs with the HDFC Bank MoneyBack Credit Card?
– Yes, the card offers the Smart EMI feature, allowing you to convert large purchases into easy monthly installments. This can be availed after the purchase is made.
5. How can I redeem my Reward Points earned on the HDFC Bank MoneyBack Credit Card?
– Reward Points can be redeemed against the statement balance, travel bookings, or through the Rewards Catalogue available at the SmartBuy Rewards Portal.
The HDFC Bank MoneyBack Credit Card offers a range of benefits, including cashback rewards, fuel surcharge waivers, and convenient features like contactless payments. It provides flexibility in redeeming Reward Points and offers protection against fraudulent transactions. It is important to review the terms and conditions, eligibility criteria, and fees
and charges associated with the card before applying. For more detailed information, it is recommended to visit the HDFC Bank website or contact their customer service.