HDFC MoneyBack+ Credit Card
HDFC · MASTERCARD★ 4.0/ 5
✓ Details last verified 1 Jan 2025
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Key features
What this card is built to do — the highlights that actually matter.
Welcome Benefit
~₹500 in vouchers, points or cashback on card activation
5% on Online Shopping
5% cashback on partner merchants
1% on Other
1% cashback on all other spends
Annual Fee Waiver
Fee of ₹500/yr fully waived when you spend ₹50,000/year
Milestone Bonus
~₹500 in bonus rewards on hitting annual spend milestones
💰 CASHBACK STRUCTURE
How much you earn back on each type of spend — no points math required.
5.0%
online shopping cashback
1.0%
Base rate (all other spends)
₹1,000
Monthly cap (accelerated)
- 5.0% cashback on online shopping
- 1.0% on all other spends — no restrictions
- Accelerated cashback capped at ₹1,000/month
Nisha buys most things on EMI through Amazon and Flipkart. HDFC MoneyBack+ gives 5% CashPoints on EMI transactions (capped ₹1,000/month), converting her ₹20,000 average EMI spend into ₹1,000 in monthly CashPoints. Statement credit at ₹1 per point — no portal, no expiry.
Who is this for?
For HDFC customers who regularly make EMI purchases on Amazon or Flipkart. The 2X CashPoints on EMI is a unique differentiator. Simple to use — no reward programme complexity, points credited to statement automatically.
At a glance
Full reward structure
What you earn on every rupee, per spend category. Rates assume 1 pt = ₹1.00. How we value points →
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Online Shopping | cashback | 5% | ₹1,000 |
| Other | cashback | 1% | — |
Online Shopping: 5% cashback on partner merchants · Amazon,Flipkart,Tata CLiQ,BigBasket,Swiggy,Tata 1mg,Uber
Other: 1% cashback on all other spends
Fees & charges
The numbers that matter beyond rewards — verify on the issuer site before applying.
Perks & benefits
Estimated annual value beyond rewards.
₹500 cashback on spending ₹50,000 in a year
Should you get it?
- Best for: HDFC account holder wanting simple cashback, Frequent EMI user — electronics, appliances, ₹25K-50K salary, primary bank is HDFC, Step-up from a basic HDFC debit card
- Entry tier — great for first-time and lower-spend users.
- Strongest value if you spend heavily on Online Shopping (5% back).
Pros
- CashPoints redeem at ₹1 per point with no minimum — the simplest HDFC cashback redemption
- 2X on online and EMI transactions — rewards the two most common card usage patterns
- No minimum spend threshold for cashback redemption
- ₹50K annual waiver is one of the easiest fee waivers in the HDFC portfolio
Cons
- Earn rate (1.33% on 2X categories) is lower than SBI Cashback (5% online)
- No lounge access or lifestyle perks
- Designed for HDFC account holders — value outside HDFC ecosystem is limited
- 2X only on online and EMI — offline general spends earn 1X (0.67%)
Eligibility & documents
DOCUMENTS REQUIRED
- 📄PAN card
- 📄Aadhaar / valid address proof
- 📄Latest 3 months bank statement
- 📄Income proof — salary slips (salaried) or ITR (self-employed)
- 📄Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
- 🎁Statement credit / cashback adjustment
- 🎁Online rewards catalogue (vouchers, merchandise)
- 🎁Flight & hotel bookings via the issuer rewards portal
- 🎁Airline / hotel partner point transfers (on eligible cards)
What your cashback are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Direct cash adjustment — no conversion
The concern
CashPoints redeem at low fixed value and the non-EMI earn rate is weak — outside the EMI niche, Millennia dominates it.
Bottomline
CardAdvisor Rating: 4.0 / 5MoneyBack+ is a niche tool: if your buying pattern is EMI-heavy (and millions of Indian households' are), the doubled EMI earn is quietly valuable. As a general cashback card it is mid-table at best.
SOURCES & VERIFICATION
Fees, reward rates, and benefits for the HDFC MoneyBack+ Credit Card are taken from HDFC's official Most Important Terms & Conditions (MITC) and fee schedule — see the issuer's official page. Last verified 1 Jan 2025. Reviewed by Devchandra Sah. Always confirm current details on the issuer's site before applying. How we research →
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