All cards / HDFC Bank
HDFC MoneyBack+
HDFC MoneyBack+ is a no-frills entry-level cashback card that concentrates its value in a handful of everyday merchants — Amazon, Flipkart, Swiggy, BigBasket and Reliance Smart — where it earns roughly 2.5% back, while everything else earns a weak 0.25% base rate. It works best as a secondary card layered on top of a stronger everyday card, used specifically for its bonus merchants.
Annual fee
₹500
Joining fee
₹500
Reward type
cashback
Base reward rate
0.25%
Card network
Visa
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in online shopping, groceries. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 0.25% base rate
Benefits by category
- 🍽️ Dining & food delivery
2.5% reward rate (capped ₹625/monthly)
- 🛒 Groceries
2.5% reward rate (capped ₹625/monthly)
- 🛍️ Shopping
2.5% reward rate (capped ₹625/monthly)
- ⛽ Fuel
1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, capped at ₹250 of waiver value per statement cycle
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹20,000
- Employment: salaried, self-employed
- Age: 21–60
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹50,000
- Rewards redemption fee: CashPoints redemption as statement credit is free; nominal fee only for catalogue/voucher redemptions
- Foreign currency markup: 3.5%
- Interest rate: 42% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waived on transactions between ₹400 and ₹5,000, capped at ₹250 per statement cycle
- Cash advance charges: 2.5% of the withdrawn amount or ₹500, whichever is higher; interest accrues from the date of withdrawal with no interest-free period
Benefits
- 500 CashPoints (roughly ₹125 in redemption value) credited on payment of the joining fee
- 500 CashPoints credited again on payment of the annual renewal fee, partially offsetting the cost of keeping the card
- ₹500 gift voucher for every ₹50,000 spent in a quarter, capped at ₹2,000 in total voucher value per year
- 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, capped at ₹250 of waiver value per statement cycle
Pros
- + ~2.5% effective cashback on a useful cluster of everyday merchants: Amazon, Flipkart, Swiggy, BigBasket and Reliance Smart
- + Low ₹500 fee, easily waived with just ₹50,000 of annual spend
- + Welcome and renewal CashPoints (500 each) offset a meaningful chunk of the annual cost
- + 1% fuel surcharge waiver adds a small but real saving on fuel purchases
- + Accessible eligibility bar suited to first-time applicants
Cons
- − Base reward rate on non-bonus spend is a weak 0.25%, among the lowest in HDFC's card lineup
- − No lounge access, travel perks, or insurance cover of any kind
- − Quarterly milestone vouchers cap out at ₹2,000/year, limiting upside for bigger spenders
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