Author
LoansJagat Team
Read Time
6 Min
18 Nov 2025
Moneyback Plus Credit Card – Features, Benefits & Rewards
Summary Points
- The MoneyBack Plus Credit Card helps people save on daily shopping, groceries, and dining through cashback and rewards, while keeping fees simple and affordable for regular users.
- It offers benefits like cashback, fuel surcharge waiver, and discounts, but has limits such as fewer travel perks, higher foreign markup and no luxury privileges.
- Applicants need a proper income, a good credit score, and the necessary documents. With careful use, this card can help turn monthly expenses into yearly savings for young professionals and families.
A MoneyBack Plus Credit Card is a financial tool that provides cashback, reward points, and benefits on shopping, dining, and lifestyle spends. Let’s understand it with an example:
Let’s say Rohit, a 32-year-old software engineer, spends ₹20,000 on online shopping, ₹10,000 on groceries, and ₹5,000 on fuel monthly. Using his MoneyBack Plus Credit Card, he earns ₹1,000 cashback (5% on online shopping), ₹300 in reward points (₹15,000 spent on groceries and fuel), and ₹500 through exclusive card offers and discounts. Without changing his habits, he saves ₹1,800 monthly or ₹21,600 yearly—just by spending smartly with the right credit card.
Over a year, his total benefits become ₹21,600. This shows how a card can change simple daily spending into long-term savings.
In this blog, we’ll explore everything about the MoneyBack Plus Credit Card—its features, benefits, eligibility, how to apply, and tips to maximise your savings.
Key Highlights of MoneyBack Plus Credit Card
Here’s a detailed look at the key features and benefits that make the MoneyBack+ Credit Card a smart choice for everyday spending and savings.
Key Features of the MoneyBack+ Credit Card
With benefits ranging from cashback and milestone rewards to lifestyle discounts and safety features, the MoneyBack+ Credit Card ensures value in every swipe.
Benefits of MoneyBack Plus Credit Card
The main reason people choose a credit card is because of its benefits. The MoneyBack Plus Credit Card offers savings on shopping, groceries, fuel, and entertainment. These benefits add real value to everyday life.
The MoneyBack Plus Credit Card provides a range of benefits that make daily spending more rewarding and cost-effective.
- Cashback on shopping and grocery spends.
- Extra reward points on online purchases.
- Fuel surcharge waiver across petrol pumps.
These benefits ensure that cardholders enjoy savings on routine expenses, turning everyday purchases into long-term financial advantages.
Let’s understand it with the help of an example:
Let’s say Arjun, a 30-year-old marketing professional in Bengaluru, spends ₹25,000 monthly using his MoneyBack Plus Credit Card. He earns ₹333 cashback from 10X points on online shopping, ₹47 from groceries and retail spends, ₹30 from fuel surcharge waiver, and ₹400 from dining discounts via Swiggy Dineout. Additionally, he gets ₹500 quarterly vouchers and a ₹125 welcome bonus. Altogether, Arjun saves over ₹3,000 annually—just by using the right card for everyday purchases without changing his lifestyle.
The above benefits show that this card is not just for large expenses but also for small, regular expenses that happen every month.
MoneyBack Plus Credit Card Cashback & Rewards
The CashPoints earned on your HDFC Bank MoneyBack+ Credit Card can be redeemed in multiple ways, such as cashback, travel bookings, vouchers, or product purchases—each with specific redemption rules and value. Here's a simplified breakdown:
CashPoint Redemption Options & Values
CashPoints are valid for 2 years from the date of earning. So, if you earned points in August 2021, they will expire in August 2023. Use them wisely and on time to make the most of your credit card rewards!
MoneyBack Plus Credit Card Fees & Other Charges
Every credit card comes with charges. These costs are important to know because they affect your overall savings. The MoneyBack Plus Credit Card has a clear fee structure for joining, renewal, cash withdrawals, and other services.
The HDFC Bank MoneyBack+ Credit Card comes with a nominal joining and annual fee. However, the good news is you can get your renewal fee waived just by spending a certain amount each year. Here's a quick look at the fee structure and waiver condition:
Fee Structure & Waiver Condition
By using your card for regular purchases and reaching ₹50,000 in annual spending, you can enjoy the MoneyBack+ Credit Card without paying any renewal fee, making it a value-packed option for smart spenders.
Late Payment Fee Applicable on MoneyBack Plus Credit Card
Late payments are one of the most common issues with credit cards. The MoneyBack Plus Credit Card has a structured late fee system based on the outstanding amount. Paying on time saves both money and your credit score.
If you miss paying your credit card bill on time, HDFC Bank charges a late payment fee based on your outstanding balance. These charges are tiered meaning, the higher your due amount, the higher the late fee applied. Here's a detailed breakdown:
Late Payment Fee Structure
To avoid these late fees and protect your credit score, it’s always wise to pay at least the minimum amount due before your due date especially if your balance is on the higher side.
MoneyBack Plus Credit Card Pros & Cons
Every credit card has strengths and some limitations. The MoneyBack Plus Credit Card is great for daily shopping, but less rewarding for frequent travellers. Knowing both sides helps in making a fair decision.
Pros of MoneyBack Plus Credit Card
The MoneyBack Plus Credit Card offers several strong advantages that make it a practical choice for everyday users.
- Cashback on shopping and groceries.
- Easy reward redemption system.
- Fuel surcharge waiver.
- Affordable joining and renewal fees.
These benefits ensure that cardholders enjoy real value, saving money on daily expenses while keeping overall costs affordable.
Cons of MoneyBack Plus Credit Card
Along with its benefits, the MoneyBack Plus Credit Card also has some limitations that users should consider before applying.
- Limited travel perks and lounge access.
- Higher foreign currency markup (3.5%).
- No premium lifestyle privileges.
These drawbacks show that the card is better for everyday savings rather than for those seeking luxury or travel benefits.
Let’s understand it with the help of an example:
Ramesh, a 31-year-old software developer, earned ₹7,000 in one year using his MoneyBack Plus Credit Card, ₹4,000 cashback, ₹1,200 dining discounts, ₹1,000 milestone vouchers, and ₹800 in fuel surcharge waivers. However, he couldn’t meet the ₹50,000 annual spend mark, so paid the ₹1,000 renewal fee. Also, the card didn’t offer airport lounge access, which he needed due to frequent work travel. Though rewarding for daily use, Ramesh began exploring travel cards better suited to his lifestyle needs.
Eligibility Criteria for MoneyBack Plus Credit Card
To apply for the HDFC Bank MoneyBack+ Credit Card, applicants must meet specific eligibility requirements based on their employment type. Here's a quick overview of the criteria:
Eligibility Requirements
Meeting these basic eligibility criteria increases your chances of approval for the HDFC MoneyBack+ Credit Card. Always keep income proof and ID documents ready while applying.
Required Documents to Apply for MoneyBack Plus Credit Card
When applying for a MoneyBack Plus Credit Card, you must provide documents that prove your identity, address, and income. These documents make the application process smooth and help the bank verify your eligibility quickly.
Documents Required
To apply for the MoneyBack Plus Credit Card, you need to submit a few basic documents that confirm your identity, address, and income.
- Identity Proof: Aadhaar Card, Passport, Voter ID, or Driving Licence.
- Address Proof: Utility Bill, Passport, Ration Card, or Rental Agreement.
- Income Proof: Latest Salary Slips, Form 16, or Bank Statements.
- Photograph: Passport-sized coloured photograph.
These simple documents make the process easy and quick, ensuring your application is verified smoothly without unnecessary delays.
Conclusion
The MoneyBack Plus Credit Card is good for people who often spend on shopping, groceries, and dining. It gives cashback and rewards that lower daily costs. While it does not give luxury travel perks, it has simple benefits and low fees. With careful use, it helps young earners and families turn monthly spending into yearly savings.
FAQs
Q: Is the MoneyBack Plus Credit Card lifetime free?
No, it has a ₹500 joining and annual fee, but the annual fee is waived if you spend ₹50,000 yearly.
Q: Can I use an HDFC MoneyBack Plus Credit Card for UPI payments?
Yes, it can be linked with UPI apps, allowing daily use along with cashback, offers, and reward redemptions.
Q: Who pays credit card transaction fees?
The vendor or business pays credit card processing fees, usually ranging from 1.5% to 3.5% of the transaction value.
Q: How can I avoid card surcharges?
You can avoid card surcharges by paying in cash, as businesses cannot charge extra fees on cash payments.
About the Author
LoansJagat Team
‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.
Quick Apply Loan
Subscribe Now
