HDFC Bank MoneyBack Credit Card is a popular credit card that offers cashback, reward points with other benefits. The reward points are convertible to cashback.
HDFC Bank Money-Back credit card benefits and features:
1. Welcome benefits:- The card offers 500 cash points as a welcome benefit after joining and payment of the membership fee.
Reward points:- This credit card offers reward points for every online and retail transaction, which you can redeem as cashback for air miles and gifts from the reward catalog.
- 4-reward points on online transactions of Rs.150.
- 2-reward points on Rs.150 spent across all category retail stores.
2. Zero Lost Card Liability:- On immediate reporting about the lost or stolen HDFC MoneyBack Credit Card, you will not be held liable for any fraudulent transactions made through the card.
3. Cash Back:- The HDFC MoneyBack Credit Card offers cashback by converting reward points.
- 1 reward point =Rs. 0.20, i.e., 100 reward point=Rs.20.
- You need a minimum of 2500 reward points to redeem against the balance statement, as they are convertible into cashback in a multiple of 500.
4. Annual Spend-based benefit:- The credit card offers a gift voucher of Rs.500 on the transaction of Rs.50000 each calendar quarter.
5. Interest-free period:- The credit card offers an interest-free period of up to 50 days from the date of purchase.
6. Renewal-fee waiver:- The credit card comes with a first-year renewal fee waiver at the transaction of Rs.50000 in the first year.
7. Fuel Surcharge waiver:- The card offers a 1% fuel surcharge waiver or up to Rs.250 cashback on a minimum transaction of Rs.400.
8. Cash withdrawal:- You can withdraw cash with an advance fee of 2.5% or Rs.500.
9. Add-on cards:- You can get up to four add-on cards for your family members, allowing them to enjoy the benefits of your credit card.
10. Insurance benefits:- The HDFC MoneyBack Credit Card offers free accidental death benefits up to 50-lakh.
11. EMI options:- This credit card offers the option of easy monthly installments (EMIs) at low-interest rates except for any gold and jewelry purchase.
12. Contactless payments:- The HDFC MoneyBack Credit Card comes with a contactless credit card having a fixed chip for seamless and secure transactions.
Overall, the HDFC MoneyBack Credit Card is a good option for individuals who want to earn reward points and cashback on their transactions with other benefits and want hassle-free transactions.