HDFC MoneyBack Plus Card

on

Money Back Plus is a good all rounder credit card. It comes with a host of benefit. 

 
                                    
Image Credit: HDFC

Features & Benefits

Welcome/Renewal Benefit

  • 500 Cash Points (applicable only  on payment of membership fee)

Reward Points

  • 10X CashPoints (3.3%)on Amazon, BigBasket , Flipkart, Reliance Smart SuperStore & Swiggy (Max RP 2500 )
  • 5X CashPoints on EMI spends at merchant locations (Max RP :2500)
  • 2 CashPoints (.33%) per ₹150 spent on other spends ( Excluding fuel, wallets loads/prepaid card loads & voucher purchases )
 
  • 1 RP is worth 25 Paise when redeemed against statement or redeemd from smart buy portal for 50% order value for travel ,hotel bookings & 70% of order value for rewards catalogue .Balance amount has to be purchased with credit card.  Maximum of 50000 RP can be utilised per month.
  • Up to 15% discount on partner restaurants in select cities via Dineout

Note:

  • With effect from 1st January 2023, Rent payments and Govt Related transactions will NOT earn Reward Points
  • With effect from 1st January 2023, Reward points earned on Grocery transactions will be capped per month to 1,000 reward points.

For detailed Terms and conditions Click here

Fuel Surcharge Waiver

  • 1% Fuel Surcharge waiver on fuel transactions (Minimum transaction of ₹400, Maximum transaction of ₹5,000 & Maximum waiver of ₹250 per statement cycle)

Quarterly Spend based benefit

  • Every Calendar quarter, get a gift voucher worth ₹500 (1%) on spends of ₹50,000 & above. Earn up to ₹2,000 worth gift vouchers in a year. 
  • You will get a mail with link to gift coupon from various  merchants from GYFTR.
 

Renewal Offer

  • Get renewal membership fee waived off by spending ₹50,000 and above in an annual year

Fees

  • Joining / Renewal fees : 500+GST; But card can be brought as Life time credit card most of the times depending on the campaign offers or negotiate with HDFC Cards.
 

What doesn't Works

  • Too many terms and condition with lot of limitations. Its so confusing. Simple cashback cards like  Axis Ace, ICICI Amazon Pay, SBI Cashback cards are much better depending on the usage.
  • Though the new statement credit which is more informative the rewards availed are not displayed in transparent manner. 
  • No RP for fuel, wallets loads/prepaid card loads, voucher purchases, govt spends.
  • Most benefits are limited to few merchants

Verdict

            HDFC Moneyback plus is good for beginners with HDFC Bank, if u can get a life time free card. Its worth for those who can purchase from 10X merchants.   You can also avail more offers when you transact through HDFC smart buy portal which gives attractive benefits to HDFC Card holder . You can earn anywhere from 1.33% to 4.3% if you can manage to optimize your spends to 50,000 per quarter.

Comments

Post a Comment