What Are The HDFC Moneyback Card Benefits?

Make your shopping experience easy by using HDFC credit cards. HDFC Bank provides a wide range of credit cards to the user. Every credit card has different benefits. As one such credit card is HDFC MoneyBack Card, It is suitable for shopping as cardholders get cashback in the form of reward points on their purchases. Know about the benefits of the card in the further article.

Features of HDFC Moneyback credit card

You can earn rewards points on purchases made using the HDFC Bank MoneyBack Credit Card. The points can be redeemed for gifts and air miles. Some HDFC MoneyBack card benefits are given below:

2 reward points earned for every Rs. 150 spent on the card.

2X reward points on online spends from Moneyback card.

100 reward points is equal to Rs. 20 as cashback.

HDFC Bank MoneyBack Credit Card reward points are valid for a period of 2 years from the date they were earned. Earn Cashback of Rs. 2000 on spending of Rs. 2.5 lakh on the moneyback card, if you have 50% of business-related spends. However, you can earn reward points only on retail purchases. You can not earn reward points on fuel transactions, cash advances, fees, and other charges. Also, transactions where the total amount is less than Rs. 150 do not provide any reward points.

Another important thing is that a cardholder who is redeeming reward points against the outstanding amount on the card has to pay the minimum due amount of the credit card.

HDFC Moneyback card security

Zero Liability on Loss of HDFC Bank MoneyBack Credit, Cardholders should immediately report the loss of card to HDFC bank. You can do this with ease by just calling at the 24-hour helpline number of HDFC Bank. This secure them from any liability if any fraudulent transactions are made using the credit card after reporting its loss.

Applicable fee and charges of HDFC Moneyback card

The HDFC bank applied some additional charges on the Moneyback card which is as follows:

Annual and renewal fees for the card is Rs. 500 plus GST. Cash advance charges are 2.5% of the withdrawal amount, which is minimum Rs. 500. HDFC Moneyback credit card overlimit charges are 2.5% of the over-limit amount. Late payment fee of Rs. 950 on revolving credit of Rs. 25,000. Reissue of lost, stolen or damaged card charge is Rs. 100.

Eligibility for the Moneyback credit card

You must fit the eligibility criteria to apply for HDFC credit cards. HDFC moneyback card eligibility is same as the other HDFC credit cards such as:

Age: Salaried employees with a minimum and maximum age of 21 years and 60 years respectively. Self-employed Individuals with the minimum and maximum age of 21 years and 66 years respectively.

Income: The applicant should have a regular source of income with a minimum monthly net income of Rs. 13,000 per month.

Nationality: Both Indian residents and NRIs can apply for HDFC Bank MoneyBack credit card.