Check below for a comparison between ICICI Platinum Chip vs HDFC Moneyback credit card or HDFC MoneyBack vs ICICI Platinum Chip and find which is better–
In the realm of credit cards tailored for everyday spending, the comparison between the ICICI Bank Platinum Chip Credit Card and the HDFC Moneyback Credit Card becomes a crucial decision for individuals seeking optimized financial benefits.
The ICICI Platinum Chip Credit Card offers simplicity and security with its embedded chip technology, ensuring secure transactions, and it provides attractive rewards on various expenditures.
On the other hand, the HDFC Moneyback Credit Card is celebrated for its straightforward cashback rewards, particularly on day-to-day expenses, making it an ideal choice for those who value instant savings.
This comprehensive analysis navigates through the unique attributes of each card, empowering users to make an informed decision based on their specific spending patterns, preferences, and lifestyle choices.
Whether you prioritize secure and straightforward transactions or seek cashback benefits on routine transactions, understanding the nuanced features of these credit cards will guide you towards the one that seamlessly aligns with your financial goals and individual aspirations.
Select the ICICI Platinum Chip for secure transactions and versatile rewards or the HDFC Moneyback for instant cashback on daily expenditures.
Table of Contents
Overview of ICICI Platinum Chip Credit Card
The ICICI Bank Platinum Chip credit card stands out as a no-annual-fee credit card, offering substantial savings on every expenditure.
By utilizing this card, you have the opportunity to accumulate as many as 2 Reward Points for each purchase, and these points are redeemable for various options, including cashback.
Additionally, it presents customers with enticing discounts on dining experiences at over 2500 restaurants across India through the ICICI Bank Culinary Treats Programme. Furthermore, cardholders can enjoy a 1% savings on all fuel transactions at HPCL pumps.
Overview of HDFC MoneyBack Credit Card
As a gesture of welcome and an annual perk upon payment of the joining or renewal fee, you receive 500 Cash points.
Additionally, depending on your yearly expenditures, you have the opportunity to have the renewal fee waived.
This card offers a reward of 4 points for every Rs. 150 spent online and 2 points for every Rs. 150 spent on other categories.
These points can be exchanged for various benefits, including cashback, flight or hotel bookings through SmartBuy, and a variety of products or vouchers. Furthermore, you can also acquire gift vouchers quarterly based on your spending during that period.
ICICI Platinum Chip vs HDFC Moneyback Credit Card
| Features/Charges | ICICI Platinum Chip Credit Card | HDFC Moneyback Credit Card |
|---|---|---|
| Joining Fees | NIL | Rs 500 |
| Annual Fees | NIL | Rs 500 |
| Welcome Benefits | N/A | Upon settling the membership fee, you’ll receive 500 Cash Points as a welcome perk. |
| Cashback / Rewards point | Acquire 2 Reward Points for every retail expenditure of Rs. 100. | Acquire 4 Reward Points for each Rs 150 spent online and 2 Reward Points for every other expenditure. |
| Dining benefits | Enjoy a 15% discount on dining when you use this card. | Enjoy savings of up to 20% on your dining expenses with Swiggy Dineout. |
| Travel benefits | N/A | N/A |
| Annual fees waiver | N/A | The annual fee is exempted when you spend Rs. 50,000 or more in the preceding year. |
| Fuel surcharge waiver | Avail a 1% fuel surcharge waiver at all HPCL petrol stations across India using this card. | The 1% fuel surcharge is exempted for all fuel transactions. |
