HDFC MoneyBack is one of India’s most popular entry-level credit cards, offering cashback on every transaction. The card gives 2X reward points on internet purchases and 2X reward points on all retail purchases. In comparison to the annual cost, the perks given by this credit card are fairly excellent. Here is more information on the HDFC MoneyBack Credit Card to help you determine whether it is a suitable fit for you. There is a certain eligibility criteria that you need to fulfil in order to be able to obtain this HDFC credit card. Moreover, this is an entry level credit card with minimal annual fee and lets you take advantage of numerous benefits.
Features & Benefits of HDFC MoneyBack Credit Card
There are various benefits that come along with this particular credit card. Below are some of the benefits that you can take advantage of while using this credit card:
Apply for the MoneyBack credit card and you’ll receive 500 reward points as a welcome bonus. If you renew your card, you will receive 500 more reward points.
Spend Rs.50,000 or more on retail purchases in a quarter to receive a Rs.500 e-voucher. The coupon is valid for 60 days.
2 reward points for retail purchases 2x the points on online purchases.
Redeem your reward points for cash (100 points = Rs.20).
Spend less on Fuel Charges
You may save up to Rs.1,800 per year on your gasoline purchases at stations across India using the fuel surcharge waiver service. The offer is applicable with a minimum transaction amount of Rs.400.
No responsibility for Missing Cards
After reporting the loss of your credit card, you are no longer liable for any fraudulent purchases performed with it.
Program of Reward Points
Every INR 150 spent on the card earns you 2 reward points. 2X the reward points on internet purchases. Redeem earned reward points for cash back on outstanding card balances (100 reward points = Rs.20). Also redeemable for flight miles and unique rewards catalogue goodies.
Also read: HDFC Regalia Credit Card
For redemption, a minimum of 2,500 points are necessary. Points are valid for two years from the date of accumulation.
ELigibility Criteria & Documents Required For MoneyBack Credit Card
There is a certain set of eligibility criteria that applicants need to fulfil in order to be able to obtain this credit card. The eligibility criteria for this particular credit card is as follows:
- The applicant should be self-employed or employed.
- The age range for paid workers is 21 to 60 years.
- It ranges from 21 to 65 years for self-employed people.
- The candidate must have a strong credit history and a consistent source of income.
Apart from the eligibility criteria there are certain documents required to process the credit card application. The documents required for this credit card are as follows:
- KYC documents
- PAN card
- Income proof such as salary slip or income tax returns
- Bank statements and others.
If you have any query related to this credit card you can contact the HDFC Credit Card Customer Care Number. Moreover, if you often buy online, the HDFC MoneyBack Credit Card may be a good alternative for you because it gives higher reward points on online purchases. This card is suitable for people who are new to credit and don’t want to pay a large annual fee. This credit card offers reasonable perks for a Rs. 500 yearly fee. You can apply for this HDFC Bank Credit Card if you meet the following criteria:
- If you are a new credit card user and are looking to begin your credit adventure
- If you are an avid online and offline shopper
- Want to accumulate points that can be turned into cashback.
- Wish to improve your credit score but are unable to obtain approval for other credit cards.
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