HDFC Bank
Moneyback+
The MoneyBack+ is HDFC’s premier entry-level card, offering a massive 10X CashPoints (3.3% value-back) on giants like Amazon, Flipkart, Swiggy, and BigBasket.
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Data last updated 28 May 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
The MoneyBack+ is HDFC’s premier entry-level card, offering a massive 10X CashPoints (3.3% value-back) on giants like Amazon, Flipkart, Swiggy, and BigBasket. With a low ₹500 fee that is waived on a modest ₹50,000 annual spend, it’s a high-utility "household" card designed to turn everyday grocery and shopping bills into tangible statement credit. In 2026, the MoneyBack+ remains the benchmark for "beginner-friendly" credit. It offers a transparent 1 CashPoint = ₹0.25 value, with a rare 500-point welcome bonus that effectively offsets the first-year fee. An unbiased review must highlight the 2,500 monthly cap on 10X points and the 1,000-point cap on groceries, which limits its utility for very high spenders. Notably, this card lacks airport lounge access, making it a "shopping-first" tool. However, the ₹500 quarterly milestone voucher (on ₹50,000 spend) and the 1% fuel surcharge waiver ensure it remains profitable for those with a ₹15,000–₹20,000 monthly budget.
Pros
Cons
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 Milestone0 pts | ₹500 Voucher | Earn a ₹500 gift voucher from top brands for reaching ₹50,000 spend in a calendar quarter. |
| ₹0.5 Lakh | Fee Waiver0 pts | ₹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
Annual fee
₹500
0.33% – 10% yield