HDFC Bank
Moneyback+
The HDFC MoneyBack+ Credit Card is an enhanced version of the classic MoneyBack Card, rewarding cardholders with CashPoints across a wide range of everyday spending categories. Designed for first-time credit card users, it has a low income eligibility requirement of just ₹25,000 per month, making it highly accessible.
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Data last updated 6 June 2026.
At a Glance
Annual Fee
₹500
Joining Fee
₹500
Fee Waiver
Spend ₹50,000 annually
Lounge Access
See details
Forex Markup
3.5%
Effective Yield
0.33% – 10%
Our Take
CreditGully Rating
Based on CreditGully editors' analysis. Not influenced by card issuers.
The HDFC MoneyBack+ Credit Card is an enhanced version of the classic MoneyBack Card, rewarding cardholders with CashPoints across a wide range of everyday spending categories. Designed for first-time credit card users, it has a low income eligibility requirement of just ₹25,000 per month, making it highly accessible. The card is built around practical, day-to-day spending. It earns accelerated rewards on groceries via BigBasket, online shopping on Flipkart and Amazon, food delivery and dining through Swiggy, and departmental store purchases at Reliance Smart SuperStore.
That said, the MoneyBack+ is not a travel-friendly card — it offers no complimentary airport lounge access, and no travel brands feature in its accelerated rewards programme. It's also worth noting a couple of limitations on high-spend categories: fuel transactions are excluded from the rewards programme entirely, and while groceries do earn CashPoints, those earnings are capped at 1,000 CashPoints per month.
What We Like
The HDFC MoneyBack+ is a solid pick for anyone looking for a low annual fee card that delivers real value on everyday spending. Through its co-branded partnerships, it rewards cardholders on the platforms they already use most — online shopping on Amazon and Flipkart, food ordering via Swiggy, and grocery purchases at BigBasket and Reliance Smart SuperStore.
Pros
- ✓Earn 10X CashPoints on partner platforms including Amazon, Flipkart, and Swiggy
- ✓Affordable annual fee with a straightforward spend-based waiver
- ✓Flexible CashPoint redemption across multiple categories
Cons
- ✗Low redemption value — each CashPoint is worth just ₹0.25
- ✗No travel perks such as lounge access or travel brand rewards
Get This Card If
- ✓You regularly shop from partner brands like Flipkart, Amazon, Swiggy, BigBasket, or Reliance Smart SuperStore
- ✓You want meaningful reward points on everyday spends without paying a high annual fee
- ✓You already hold a travel credit card or simply don't need travel perks like lounge access
Earning & Redemption
How You Earn
| Category | Reward rate | Yield % | Cap |
|---|---|---|---|
| 10X CashPoints (Partner Brands) | 20 CashPoints per ₹200 | 3.33% | 2,500 CashPoints per calendar month |
| 5X CashPoints (Merchant EMI) | 10 CashPoints per ₹200 | 1.66% | Included in the 2,500 monthly 10X cap |
| Other Retail Spends | 2 CashPoints per ₹200 | 0.33% | Total card cap of 15,000 points per cycle |
| SmartBuy Platform Bonus | 5% to 10% Cashback | 5.00% - 10.00% | ₹1,000 per calendar month |
| Excluded Categories (2026 Update) | No CashPoints Earned | 0.0% | — |
Milestone Rewards
| Spend | Benefit | Value | Summary |
|---|---|---|---|
| ₹0.5 Lakh | Quarterly Milestone | ₹500 Voucher | Earn a ₹500 gift voucher from top brands for reaching ₹50,000 spend in a calendar quarter. |
| ₹0.5 Lakh | Fee Waiver | ₹500 + GST Savings | Annual renewal fee is waived upon hitting ₹50,000 annual retail spend. |
Redemption Value
| Channel | Value per point | Verdict |
|---|---|---|
| Statement Credit (Cashback) | ₹0.25 per CashPoint4:1 Ratio | Best Value (Redeem directly against your outstanding bill via NetBanking) |
| SmartBuy (Flights/Hotels) | ₹0.25 per CashPoint4:1 Ratio | Moderate (You can pay up to 50% of your booking value via points) |
What You Need to Know
The 'Grocery' Cap
Reward points on Grocery transactions are capped at 1,000 points per month.
Impact: Even on BigBasket (10X), spending more than ₹7,500/month results in zero extra points.
New Rental Surcharge
A 1% fee applies to all rental transactions processed via credit card.
Impact: Coupled with zero rewards, this card is objectively poor for paying rent.
Zero Lounge Access
This card does NOT offer any complimentary airport lounge access.
Impact: Entry-level positioning focuses purely on shopping rewards, not travel luxury.
Redemption Minimum
You must have at least 2,000 CashPoints (₹500 value) to initiate a redemption.
Impact: Occasional spenders will find their points 'locked' until they reach the threshold.
Essential Fine Print
Reward Exclusions
Non-Reward Categories: Fuel spends, Wallet loads, Prepaid card loads, Voucher purchases, Rent payments, Government related transactions, and Education payments via third-party apps.
Welcome Offer
Welcome CashPoints
500 CashPoints credited only on payment of the joining fee.
Dining Benefits
Swiggy Accelerated Rewards
Up to 10X Cashpoints using Swiggy
Milestone Benefits
Quarterly Milestone Reward
₹500 gift voucher on spends of ₹50,000 per calendar quarter.
Annual Fee Waiver
Spend ₹50,000 or more in a year to get the renewal fee waived for the next year.
Additional Features
Accelerated Rewards
10X CashPoints on Amazon, BigBasket, Flipkart, Reliance Smart Superstore & Swiggy.
EMI Rewards
5X CashPoints on EMI spends at merchant locations.
Zero Lost Card Liability
Report card loss immediately to have zero liability on any fraudulent transactions.
Smart EMI
Option to convert big purchases into easy monthly installments.
Fees & Charges
| Fee Type | Amount / Details |
|---|---|
| Joining Fee | ₹500 |
| Annual / Renewal Fee | ₹500 |
| Fee Waiver Threshold | Spend ₹50,000 annually |
| Forex Markup | 3.5% |
| Reward Redemption Fee | ₹99 per redemption |
| Fuel Surcharge Waiver | 1% surcharge |
Eligibility Criteria
Salaried Individuals
Age: 21 - 60 years, Net Monthly Income: > ₹20,000.
Self Employed Individuals
Age: 21 - 65 years, Annual Income: ITR > ₹6 Lakhs per annum.
Ready to apply for Moneyback+?
Annual fee: ₹500 · Waived on ₹50,000 spend
Frequently Asked Questions
Annual fee
₹500
0.33% – 10% yield