The leading credit card issuer of India, HDFC Bank, launched the HDFC Bank MoneyBack Credit Card. It is one of the most famous entry level credit cards which offers you instant cashback on almost every transaction. HDFC Bank MoneyBack Credit Card ensures maximum cashback as compared to other credit cards which fall in the same segment. These points can be redeemed against exciting gifts and exclusive offers. The customers enjoy exclusive benefits that are quite impressive in accordance with the annual charges of this card. Below are the features and benefits that HDFC MoneyBack Credit Card accompanies that makes this card famous in the industry: -
- Nominal joining and renewal fees: This card comes with quite affordable joining/renewal fee. Both the fee is placed at a nominal amount of Rs. 500 plus applicable taxes. In this amount, you can enjoy exciting cashback offers and various benefits.
- Welcome benefits: Once you have paid the membership fee, you will be rewarded with 500 cash points.
- Accelerated reward points: Now earn 2x reward points on every Rs. 150 spent on transactions done through online mode whereas you earn 2 reward points on every Rs. 150 spent on other transactions. In addition to this, you receive a gift voucher worth Rs. 500 every quarter on spending of Rs. 50,000. In this manner, you can earn gift vouchers worth Rs. 2,000 in a year.
- Spend-based waiver: The renewal fee of this card can be waived off. If you spend Rs. 50,000 and above in the first year, then the renewal membership fee of this card will be waived off.
- Easy reward redemption: The reward points earned with this card can be easily redeemed against flight and hotel bookings. Credit Card members can redeem up to a maximum of 50% of the booking value through Reward Points and Rewards Catalogue at the SmartBuy Rewards Portal, at a value of 1 Reward Point = upto Rs. 0.25. The reward points can futher be converted into AirMiles where 1 RP = 0.25 AirMiles. For the purpose of cashback, 1 RP = Rs. 0.20.
- Other Benefits:
- You enjoy zero lost card liability, wherein you would not be liable for any fraudulent transactions that take place after your card has been lost, only if you report the loss to the 24-hour call centre immediately.
- Interest free period of 50 days can be enjoyed on HDFC Bank MoneyBack Credit Card from the date of purchase.
- Fuel surcharge waiver of 1% can be enjoyed on all fuel stations across India on a minimum transaction of Rs. 400 and the cashback is limited to Rs. 250 per statement cycle.
Bottom Line
For a person who is a frequent buyer, specifically an online buyer, this card will cater to all his needs and demands as it offers more reward points on online transactions as compared to offline transactions. This card is best suited for the beginners in the field of credit card as at a nominal annual fee of just Rs. 500, you get to enjoy a lot of benefits and offers and earn handsome cashback values as well.
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