{"id":2203,"date":"2021-12-27T13:34:53","date_gmt":"2021-12-27T08:04:53","guid":{"rendered":"https:\/\/aayushbhaskar.com\/?p=2203"},"modified":"2022-01-06T22:50:13","modified_gmt":"2022-01-06T17:20:13","slug":"hdfc-moneyback-credit-card-review-and-eligibility","status":"publish","type":"post","link":"https:\/\/aayushbhaskar.com\/hdfc-moneyback-credit-card-review-and-eligibility\/","title":{"rendered":"HDFC MoneyBack Credit Card Review and Eligibility","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

Whenever we speak of private banks in India, HDFC Bank is one name that comes to the forefront.<\/p>\n

With world-class customer service, HDFC has built its way into gaining the trust of a country that has been obsessed with public sector banks like the State Bank of India and the Punjab National Bank.<\/p>\n

Incorporated in 1994, HDFC gained a customer base in India by servicing the elitist section of the country with its premium banking needs.<\/p>\n

However, the bank has slowly made its foray into the middle market through its savings and current account options, and more importantly, through its credit card<\/a> facilities. One such innovative card offering from HDFC is the MoneyBack Credit Card.<\/p>\n

\"review_of_HDFC_MoneyBack_Credit_Card\"<\/p>\n

We all know the obsession of banks with credit scores when it comes to issuing credit cards, right?<\/p>\n

But HDFC seems to have scanned the market really well and decided to come up with a card that does not obsess with a credit score. It rather stresses the income potential of the individual.<\/p>\n

This has resulted in the HDFC MoneyBack Credit Card tapping into the huge millennial population of India that is just beginning to grow their credit score.<\/p>\n

Add to it a low annual maintenance fee and Rewards to Cashback feature, and you have a \u2018gem of a credit card\u2019 made just for Gen Z and the millennial demographics.<\/p>\n\n\n\n
A credit score is a denomination of a person\u2019s credibility as a buyer and loan repayer. Your credibility as a buyer is built on the number of financial accounts you own, how well you spend, whether your bills are paid on time, your loan taking and loan repayment history, and other such factors that determine the health of your credit handling. The credit score values are between 300-850. The higher, the better.<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

There are many key features of this card, and before we pass our verdict on the desirability score of this card, let us take a look at the benefits, features, and fees of this card.<\/p>\n

Benefits of HDFC MoneyBack Credit Card<\/strong><\/h2>\n

WELCOME BENEFIT<\/strong><\/h3>\n

500 Cash Points, subject to payment of membership fee.<\/p>\n

FUEL SURCHARGE BENEFIT<\/strong><\/h3>\n

1% fuel surcharge waiver on minimum transaction of Rs. 400 at all fuel stations across India.<\/p>\n

The maximum cashback per statement cycle is Rs. 250.<\/p>\n

MILESTONE BENEFITS<\/strong><\/h3>\n

The initial or first-year membership fee of Rs. 500 gets waived on a minimum spend of Rs. 20,000 in the first 3 months after card activation.<\/p>\n

From 2nd year onwards, a minimum spends of Rs. 50,000 ensures that your upcoming annual renewal fee of Rs. 500 gets waived off.<\/p>\n

A quarterly spend of minimum Rs. 50,000 gets you Rs. 500 gift vouchers every quarter. That makes it a total of Rs. 2000 worth of gift vouchers you can avail in a year.<\/p>\n

OTHER BENEFITS<\/strong><\/h3>\n