HDFC Financial institution Restricted is an Indian financial institution that provides each banking and monetary providers to its clients. It offers varied services reminiscent of retail banking, wholesale banking, bank cards, and loans. HDFC Financial institution presents a variety of bank cards to fit your wants. On this submit, we’ll focus on all you want to know in regards to the HDFC MoneyBack Credit score Card evaluation.
What’s HDFC MoneyBack Credit score Card?
This card is completely designed for individuals who love buying and particularly desire on-line buying. It offers 2 reward factors for each Rs.150 spend on buying. Nonetheless, it offers you 2 additional reward factors (A complete of 4 reward factors) on on-line buying.
This is likely one of the greatest bank cards in its phase when in comparison with others. You possibly can get pleasure from the advantages of HDFC MoneyBack bank card like money again on each cash spend, gasoline surcharge waiver, welcome rewards, credit score restrict, and so on.
Right here, you’re going to get all of the vital data you want to know on this HDFC MoneyBack bank card evaluation.
HDFC MoneyBack Credit score Card Options
1. Contactless Fee
This card is enabled for contactless, faucet, and cost facility to make cost at shops. Nonetheless, the utmost cost of Rs.5000 by way of contactless mode is allowed for a single transaction.
2. Zero Price legal responsibility
In case you misplaced your card and report it instantly to HDFC 24-hour name centre. Then you will have zero legal responsibility towards any fraudulent transaction made in your misplaced card.
3. Curiosity Free Credit score Interval
You rise up to 50 days of interest-free interval on this card from the date of buy.
4. Revolving Credit score
You possibly can get pleasure from revolving credit score on this card at a nominal rate of interest.
5. Renewal Supply
HDFC MoneyBack bank card presents a renewal supply. On this, simply spend Rs.50,000 or above within the first 12 months and get renewal membership charges waived off.
6. Good EMI Choice
This card offers you an choice to convert your huge spending into small EMIs after buy.
7. Affords
You possibly can examine for varied unique presents on this card on the official web site of the financial institution.
8. Reward Level Redemption
You possibly can redeem your reward factors towards your assertion steadiness. 1 Reward level equals Rs.0.20. You may as well redeem reward factors towards flight and resort bookings. The validity of those is 2 years from the date of accumulation.
HDFC MoneyBack Credit score Card Advantages
A few of the key advantages of this card are talked about beneath:
1. Welcome rewards
Get 500 cashpoints. Nonetheless, these are solely relevant on cost of membership charges.
2. Milestone Profit
Spend Rs.20,000 and above throughout the first 90 days of card issuance and get first-year membership charges waived off.
3. Reward Factors
You earn 2 Reward Factors for each Rs.150 spent. Additionally, earn 4 Reward Factors for each Rs.150 spent on on-line funds. You’re going to get a present voucher of Rs.500 on spends of Rs.50,000 each quarter.
4. Gas Surcharge Waiver
You get a 1% gasoline surcharge waiver in any respect the gasoline stations throughout India. The minimal transaction must be Rs.400. Nonetheless, the utmost cashback of Rs.250 is allowed per assertion cycle.
Additionally Learn: Prime 10 Finest Time period Insurance coverage Plan in India
Additionally Learn: PPF vs NPS Funding: Which is best NPS or PPF?
HDFC MoneyBack Credit score Card Costs & Charges
| Charges and Costs | Quantity |
| Becoming a member of price | Rs.500 |
| HDFC MoneyBack bank card charges (Annual) | Rs.500 |
| HDFC MoneyBack bank card rate of interest | 3.49% monthly |
| Money withdrawal costs | 2.5% of the entire withdrawn quantity with a Minimal of Rs.500 (whichever is greater) |
| Money advance restrict | 40% of the entire credit score restrict |
| Rewards redemption price | Rs.99 for each request |
| Late cost costs | No cost as much as Rs.100. |
| From Rs.100 to Rs.500, Rs.100 might be charged. | |
| Kind Rs.501 to Rs.5,000 , Rs.500 might be charged. | |
| From Rs.5,001 to Rs.10,000 , Rs.600 might be charged. | |
| From Rs.10,001 to Rs.25,000 , Rs800 might be charged. | |
| For Rs.25,001 to Rs.50000 , Rs.1,100 might be charged. | |
| From Rs 50001 and above Rs.1,300 might be charged. | |
| Over-limit costs | 2.5% of the entire over-limit quantity with a minimal of Rs.550 |
| Fee return charges | 2% of the entire quantity with a minimal of Rs.450 |
| Money processing costs | Rs.100 |
| Reissue of stolen or broken card | Rs.100 |
| International forex processing charges | 3.50% |
| Railway tickets charges | 1% of the entire quantity + GST is relevant. |
HDFC MoneyBack Credit score Card Eligibility Standards
For Salaried
1. Indian citizen
2. The minimal age have to be above 21 years.
3. The utmost age might be 60 years.
4. Gross month-to-month earnings must be larger than Rs.25,000.
For Self Employed
1. Indian citizen.
2. The minimal age have to be above 21 years.
3. The utmost age might be 65 years.
4. ITR have to be larger than Rs.6.0 lakh each year
Paperwork required
For Salaried
1. Identification proof
2. Tackle proof
3. Passport measurement {photograph}
4. Pan card photocopy
5. Wage slip or Kind 16
For Self-employed
1. Identification proof
2. Tackle proof
3. Passport measurement {photograph}
4. Pan card photocopy
5. ITR of final 12 months
HDFC MoneyBack Credit score Card Apply Course of
Comply with the below-mentioned step-by-step course of to use for this card.
1. Go to the official web site of HDFC financial institution.
2. Go to the bank cards part and choose this card.
3. Fill in all of the required particulars within the kind and click on on the “Submit” button.
4. After the submission of the applying kind, you’re going to get a name from the HDFC govt for the doc submission course of.
5. You may as well apply by visiting the closest department of HDFC Financial institution.
Learn how to redeem HDFC MoneyBack bank card factors?
You possibly can redeem your HDFC MoneyBack bank card reward factors within the following methods:
1. Utilizing HDFC NetBanking
2. By Put up
3. By way of Buyer Service Centre
Phrases and situations for redemption
1. The validity of your reward factors is 2 years from the date of accumulation.
2. You possibly can redeem your reward factors towards the assertion steadiness. One reward level equals Rs.0.20.
3. You possibly can redeem your reward factors for journey advantages like flight and resort bookings.
To know the whole strategy of redemption, please learn the submit “Learn how to Redeem HDFC Card Reward Factors?”
HDFC MoneyBack Credit score Card Login
You possibly can log in to your HDFC web banking utilizing your consumer/buyer Id and password. After logging in, go to the “Playing cards” part. Right here you may examine your card account-related data.
Buyer Care
By way of buyer care providers, HDFC offers respectable buyer assist. You possibly can contact HDFC financial institution on your queries anytime you need as they supply providers 24 hours a day and for all seven days. They supply providers even on Saturday and Sunday which helps clients to get their queries resolved shortly.
Additionally, Learn HDFC CreditCard Buyer Care Quantity.
Additionally Learn: Normal Chartered Platinum Rewards Credit score Card: Options & Advantages
Ceaselessly Requested Questions
1. What’s the becoming a member of price of this card?
The becoming a member of price for this card is Rs.500+ relevant taxes.
2. Can I apply for this card on-line?
Sure, you may apply for this card on-line.
3. What would be the credit score restrict of this card for me?
The credit score restrict of this card might be communicated to you by the financial institution after your utility is accredited.
4. Can I withdraw money from ATM utilizing this card?
Sure, you may withdraw money from ATM utilizing this card. Nonetheless, a price of two.5% to three% might be charged from the day of such withdrawal.
5. Can I redeem my reward factors in money?
Sure, you may redeem your reward factors in money utilizing the Internet Banking facility.
6. Can I get a supplementary card with this card?
Sure, you will get a supplementary card on your fast relations who’re above 18 years. The supplementary card carries all the advantages of the first card. Furthermore, this card is free for a lifetime.
Ultimate Ideas
By way of buyer care, HDFC financial institution does fairly nicely for its buyer assist. HDFC MoneyBack bank card is right for individuals who does buying often both on-line or offline. This card additionally has many different advantages as already listed above on this submit. Due to this fact, we are able to say that this card is likely one of the greatest in its phase.
Additionally Learn: Citi Money Again Credit score Card: Your each day dose of pleasure
