Check below for a comparison between HDFC Moneyback Plus vs Freedom Credit Card or HDFC Moneyback Plus vs HDFC Freedom Credit Card and find which is better –
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Overview of HDFC Moneyback Plus Credit Card
The HDFC Bank MoneyBack Plus Credit Card is considered an upgraded variant of the previously issued HDFC MoneyBack Credit Card.
Despite both cards sharing the same joining and annual fee (Rs. 500), the MoneyBack+ card boasts a higher reward rate.
With the MoneyBack Plus Card, every expenditure of Rs. 150 allows you to accumulate up to 20 cash points.
These CashPoints can be redeemed for reducing the card’s outstanding balance, choosing from a product catalogue, obtaining Airmiles, and various other options.
In addition to cashback benefits, reaching specified spending milestones also entitles you to gift vouchers valued at up to Rs. 2,000.
Overview of HDFC Freedom Credit Card
The HDFC Bank Freedom Credit Card is designed as an introductory credit card, primarily catering to individuals new to credit.
With a modest annual membership fee of Rs. 500, cardholders can also enjoy the perk of having the renewal fee waived if they achieve a minimum spend of Rs. 50,000 in a year.
This Reward Points-based card allows users to earn 1 Cash Point for every Rs. 150 spent, along with additional cash points on purchases made through partners like BookMyShow, OYO, BigBasket, and other popular brands.
Additionally, the card presents a noteworthy introductory offer with a low interest rate of 0.99% for the initial 90 days from the card activation date.
HDFC Moneyback Plus vs Freedom Credit Card
| Features/Charges | HDFC Moneyback Plus Credit Card | HDFC Freedom Credit Card |
|---|---|---|
| Joining Fees | Rs. 500 | Rs. 500 |
| Annual Fees | Rs. 500 | Rs. 500 |
| Welcome Benefits | Upon joining, you are entitled to receive 500 Cash Points as a welcome perk. | Upon the successful payment of the enrollment fee, you will be entitled to a welcoming perk of 500 bonus Cash Points. |
| Cashback / Rewards point | Gain 2 CashPoints for each Rs. 150 spent on retail transactions, enjoy 5 times the CashPoints for EMI expenditures at specific merchants, and earn a remarkable 10 times the CashPoints when shopping with partner brands. | Gain 1 CashPoint for every Rs. 150 expended across all categories, enjoy a 5-fold increase in Cash Points on EMI transactions at merchant outlets, and earn a remarkable 10 times the Cash Points on transactions with Big Basket, Swiggy, BookMyShow, and more when using this credit card. |
| Dining benefits | Enjoy discounts of up to 15% when dining at a selection of over 2,000 upscale restaurants. | Enjoy a discount of up to 15% on dining at a vast network of over 2,000 restaurants through the Dineout platform. |
| Travel benefits | N/A | N/A |
| Annual fees waiver | The annual fee is exempted if you spend Rs. 50,000 or above in the preceding year. | The yearly charge is exempted if a minimum expenditure of Rs. 50,000 was made in the preceding year. |
| Fuel surcharge waiver | You receive a 1% waiver on fuel surcharge for all fuel transactions. | The 1% fuel surcharge is excluded for every fuel transaction*. |
MoneyBack Plus Credit Card Reward
Enjoy a 10X CashPoints boost, earning 20 CashPoints for every Rs. 150 spent, when making purchases on Amazon, Flipkart, Big Basket, Reliance Smart Superstore, and Swiggy. The bonus Cash Points in this category are limited to 2,500 points per month.
Opt for a 5X CashPoints opportunity, gaining 10 CashPoints for every Rs. 150 spent, specifically on EMI transactions at selected merchant locations. Cashbacks are applicable to Merchant/EasyEMI, Aggregator EMI, and Brand EMI.
Earn 2 CashPoints for every Rs. 150 spent, including SmartPay transactions falling within this category.
It’s noteworthy that these CashPoints remain valid for two years from the accrual date. However, please be aware that no Cash Points are earned on fuel transactions, wallet reloads, and voucher purchases.
