HDFC Bank MoneyBack Plus Credit Card

HDFC Bank MoneyBack+ Credit Card Review


Joining Fee: Rs 500+GST
Annual Fee: Rs 500+GST




0.3% to 5%



Issued On



Milestone Rewards

Table of Contents

HDFC Bank MoneyBack Plus credit card is one of the recent launches from HDFC Bank after the RBI ban was lifted. It is an upgrade for the basic entry-level MoneyBack card from HDFC Bank. The MoneyBack+ is a cashback card that works just like the Millennia but with lower rewards. Here is a review of the HDFC Bank MoneyBack Plus credit card and everything you need to know about this card.

Fees and Charges

Though HDFC Bank mentions a joining/annual fee for the MoneyBack+ credit card, it is issued as LTF in most cases.

LTF IndusInd Bank Credit Cards
Joining/Renewal FeeRs 500 plus taxes – Issued as LTF in most cases
Welcome/Renewal Benefit500 CashPoints (only if fee is charged)
Annual Fee WaiverOn spends of Rs 50000 in a card membership year
HDFC Bank MoneyBack Plus Credit Card Review: Fees and Charges


We earn CashPoints for transactions on MoneyBack+. Each CashPoint is equal to 25 paise for MoneyBack+ credit card.

CategoryReward RateReturnMaximum CashPoints per calendar month
Spends on Amazon, BigBasket , Flipkart, Reliance Smart SuperStore & Swiggy20 CP/Rs 1503.3%2500
Merchant EMI Spends10 CP/Rs 1501.7%2500
Retail spends2 CP/Rs 1500.3%No Cap
Grocery spends2 CP/Rs 1500.3%1000
EasyEMI, Fuel, Wallets, Rent, Property Management,
Packers & Movers, Government transactions
No Rewards
HDFC Bank MoneyBack Plus Credit Card: Cashback

Milestone Rewards

We get gift vouchers worth Rs 500 on spends of Rs 50000 per calendar quarter. This gives an extra 1% return over the regular cashback.

The gift voucher options are Big Basket, BookMyShow, Uber, Pizza Hut and PVR.

LTF IDFC First Bank Credit Cards

SmartBuy Rewards

MoneyBack+ is also eligible for SmartBuy platform cashback like other HDFC Bank credit cards. The cap for SmartBuy cashback is Rs 1000 per calendar month.

Shopping CategoryCashback
Instant Vouchers5%
Apple Tresor5%
HDFC Bank MoneyBack Plus Credit Card Review: SmartBuy Rewards

Rewards Redemption

The minimum cashpoints required for redemption are 2000. Cashpoints are valid for 2 years from accumulation. We can redeem the cashpoints for statement credit or flights/hotel booking on SmartBuy. Redemption for flights/hotels on Smartbuy is not worth going for when we get same value on statement credit.

Redemption Option Value
Statement Credit1 Cashpoint = Rs 0.25
Flights/Hotels on Smartbuy (Max 50% of booking amount)1 Cashpoint = Rs 0.25

Final Thoughts

This is where we would evaluate if one should you get the MoneyBack+ credit card. If this is the only HDFC Bank card that you are eligible for, then yes. The reason is for HDFC Bank, one can get start with any of the cards and then upgrade to a better card in the future.

AU Bank Xcite Ace

Comparing with other entry-level cards, we have better options in Amazon Pay ICICI, Flipkart Axis and Axis Ace credit cards. These offer better rewards on all spends that make them more suitable. The 0.3% reward on ‘other spends’ on MoneyBack+ credit card is a little too low. But, if you can spend Rs 50000 in a calendar quarter to get the milestone benefit, then the MoneyBack+ card gets a lot better.

HDFC Bank MoneyBack+ Credit Card


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3 thoughts on “HDFC Bank MoneyBack Plus Credit Card”

  1. how to get money back rupay varient is it avilable unable to find when applying for card

    1. Card Maven

      MoneyBack gets 20 paise per point for statement redemption. MoneyBack+ gets 25 paise per point.

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