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HDFC Bank
HDFC Bank MoneyBack Credit Card
3.5Best for online shopping
- Joining fee
- ₹500
- Annual fee
- ₹500
- Welcome bonus
- ₹500
- Forex markup
- 3.5%
- Interest p.a.
- 45%
- Min income
- ₹20,000/mo
How this card earns
Reward rates by category, with caps and an estimated yearly value.
| Spend category | Reward rate | Monthly cap | Est. value/yr |
|---|---|---|---|
Online shopping 10X CashPoints (20 CashPoints per Rs.150 of spend) on Amazon, Flipkart, Swiggy, Reliance Smart SuperStore and BigBasket. 5X-and-10X accelerated category combined is capped at 2,500 CashPoints per calendar month (= Rs.625 at 1 CashPoint = Rs.0.25). Effective value assumes 1 CashPoint = Rs.0.25 redeemed against statement/products. | 3.33% | ₹625 | ₹250 |
Everything else 2 CashPoints per Rs.150 on all other spends (base earn). At 1 CashPoint = Rs.0.25 this is ~0.33% effective. | 0.33% | — | ₹396 |
| All other spends | 0.33% | — | ₹396 |
Estimated yearly value assumes ₹10,000/month spend in each category, capped where the card caps rewards.
Fees & charges
Joining fee₹500
Annual fee₹500
Annual fee waiverRenewal fee waived on annual spends of Rs.50,000 or more in the preceding year
Foreign currency markup3.5%
Finance charge (p.a.)45%
Fuel surcharge waiver1%, up to ₹250/mo
Spend milestones
| Annual spend | Benefit | Value |
|---|---|---|
| ₹2,00,000 | Gift voucher worth Rs.500 on quarterly spend of Rs.50,000 (up to 4 times a year, max Rs.2,000 annually) | ₹2,000 |
Key benefits
- 10X CashPoints on Amazon, Flipkart, Swiggy, Reliance Smart SuperStore and BigBasket
- 5X CashPoints on EMI spends at merchant locations
- 1% fuel surcharge waiver (min Rs.400, max Rs.5,000 per txn; capped at Rs.250 per statement cycle)
- CashPoints redeemable against statement balance, against products/flights/hotels on SmartBuy, or as AirMiles (1 CashPoint = up to Rs.0.25)
- Grocery spends earn CashPoints capped at 1,000 CashPoints per month
What we like
- +Low Rs.500 annual fee, fully waivable on Rs.50,000 annual spend
- +Strong 10X CashPoints (~3.33%) on popular online merchants like Amazon, Flipkart and Swiggy
- +Quarterly Rs.500 milestone vouchers worth up to Rs.2,000 a year
- +1% fuel surcharge waiver on most fuel transactions
What to watch
- −No lounge access (domestic or international)
- −Base earn rate is low at ~0.33% on non-accelerated spends
- −Accelerated 10X/5X rewards capped at 2,500 CashPoints (~Rs.625) per month
- −The original 'MoneyBack' card is discontinued; the live product is 'MoneyBack+' so legacy MoneyBack terms no longer apply
Compare with similar cards
- Top reward
- 33%
- Annual fee
- ₹12,500
- Welcome bonus
- ₹12,500 value
HDFC BankHDFC Bank Diners Club Black Credit Card
- Top reward
- 33.33%
- Annual fee
- ₹10,000
