Check below for a comparison between HDFC Moneyback vs Moneyback Plus Credit Card or HDFC Moneyback Plus Credit Card vs HDFC Moneyback and find which is better –
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Overview of HDFC Moneyback Credit Card
Upon payment of the joining or renewal fee, you receive a yearly welcome and renewal benefit of 500 Cash points.
The renewal fee can also be waived based on your annual spending. This card offers 4 Reward Points for every Rs. 150 spent online and 2 Reward Points for every Rs. 150 spent on other categories.
Utilize these reward points for cashback, SmartBuy flight/hotel bookings, and a diverse range of products/vouchers. Additionally, quarterly spending can earn you gift vouchers every quarter.
Overview of HDFC Moneyback Plus Credit Card
The HDFC Bank MoneyBack Plus Credit Card represents an enhanced iteration of the earlier HDFC MoneyBack Credit Card from the same bank.
Despite both cards sharing identical joining and annual fees (Rs. 500), the MoneyBack+ card offers a more lucrative reward rate.
For every Rs. 150 spent using the MoneyBack Plus Card, you can accrue as many as 20 cash points.
These CashPoints can be utilized to offset the card’s outstanding balance, explore a diverse product catalogue, acquire Airmiles, and explore various redemption options.
Apart from cashback benefits, achieving specific spending milestones also grants access to gift vouchers with a value of up to Rs. 2,000.
HDFC Moneyback vs Moneyback Plus Credit Card
| Features/Charges | HDFC Moneyback Credit Card | HDFC Moneyback Plus Credit Card |
|---|---|---|
| Joining Fees | Rs 500 | Rs. 500 |
| Annual Fees | Rs 500 | Rs. 500 |
| Welcome Benefits | Upon payment of the membership fee, you’ll be gifted 500 Cash Points as a welcome gesture. | As part of the welcome package, you will be granted 500 Cash Points. |
| Cashback / Rewards point | Earning 4 Reward Points is tied to every Rs 150 spent online, and 2 Reward Points are applicable for other types of expenditures. | Accumulate 2 CashPoints with every Rs. 150 spent on retail acquisitions, experience a fivefold increase in CashPoints for EMI transactions at chosen merchants, and receive a staggering tenfold amount of CashPoints when patronizing partner brands. |
| Dining benefits | Benefit from reductions of up to 20% on your dining bills with Swiggy Dineout. | Avail yourself of dining savings, with discounts reaching up to 15%, across a network of more than 2,000 premium restaurants. |
| Travel benefits | N/A | N/A |
| Annual fees waiver | If your expenses reach Rs. 50,000 or beyond in the prior year, the annual fee is removed. | Spending Rs. 50,000 or more in the prior year qualifies you for the waiver of the annual fee. |
| Fuel surcharge waiver | For any fuel transactions, the 1% fuel surcharge is nullified. | All fuel transactions qualify for a 1% exemption on the fuel surcharge. |
MoneyBack Plus Credit Card Reward
Unlock the potential for 10X CashPoints, earning a generous 20 CashPoints for every Rs. 150 spent, exclusively when shopping on Amazon, Flipkart, Big Basket, Reliance Smart Superstore, and Swiggy. The maximum bonus Cash Points allowed in this category are capped at 2,500 points per month.
Explore the 5X CashPoints avenue, where you can accumulate 10 CashPoints for every Rs. 150 spent, specifically for EMI transactions at selected merchant locations. This cashback opportunity extends to Merchant/EasyEMI, Aggregator EMI, and Brand EMI.
Additionally, garner 2 CashPoints for every Rs. 150 spent, with SmartPay transactions falling within this category.
Keep in mind that these valuable CashPoints remain valid for a duration of two years from the date of accrual. However, it’s important to note that no Cash Points are credited for fuel transactions, wallet reloads, and voucher purchases.
