HDFC MoneyBack+
Issuer: HDFC Bank
Network: Visa | Tier: Entry
The HDFC MoneyBack+ is an excellent entry-level credit card ideal for first-time users. With low fees, decent cashback, and a path to upgrading to premium HDFC cards, it's the perfect starting point for your credit card journey.
Fees & Charges
| Annual Fee | ₹500 + GST |
|---|---|
| Joining Fee | ₹500 + GST |
| Interest Rate | 3.49% per month |
| Foreign Markup | 3.5% + GST |
| Fuel Surcharge Waiver | 1% waiver on ₹400-₹5,000 |
Rewards & Benefits
| Reward Rate | 2 CashPoints per ₹150 |
|---|---|
| Welcome Bonus | 500 CashPoints |
| Lounge Access | None |
| Best For | First-time credit card users |
Key Highlights
- Cashback on all purchases
- Low joining & annual fee
- 1% fuel surcharge waiver
- Easy EMI conversion
- Good for credit score building
Eligibility Criteria
- Minimum income ₹2.5 lakh per annum
- CIBIL score 700+
- Age 21-60 years
Minimum Income Required: ₹2,50,000+ per annum
Pros
- Low annual fee
- Easy approval
- Good for beginners
- Build credit history
- Upgrade path to premium cards
Cons
- No lounge access
- Low reward rate
- Basic benefits
- High foreign markup
Expert Rating: 4/5