The HDFC Money Back Credit Card was designed to give users value back cashback on every transaction they made. It offers 500 cash points as a welcome gift and during the renewal process. The HDFC Money Back Credit Card has a low joining fee of Rs. Rs. 500. It is one of the best credit cards for cashback enthusiasts. Continue reading to learn more about the HDFC Money Back Credit Card.
HDFC Money Back Credit Card: Benefits
This HDFC Money Back Credit Card offers a variety of benefits that you may be looking for. Customers regard it as one of the most dependable options for cashback and other benefits. The HDFC Money Back Credit Card comes with a number of advantages, which are detailed below:
- Welcome Benefit: You will receive 500 cash points when you enroll for the HDFC Money Back Card. In addition, when you renew your credit card, you will receive 500 cash points.
- Annual Spend Benefit: You will receive Rs. 500 gift vouchers for spending Rs. 50,000 in each calendar quarter.
- Renewal Fee Offer: If you spend Rs. 50,000 in the first year of membership, the renewal fee is waived.
- Fuel Surcharge Waiver: On a minimum transaction of Rs. 400, you will receive a 1% fuel surcharge waiver at all petrol pumps across India.
- Smart EMI: With the HDFC Credit Card, you can easily convert your spending into flexible EMIs. It makes it simple for users to buy and then repay the money.
- Zero Lost Card Liability: In the event that your money-back credit card is lost or stolen, or if a bogus transaction is reported, you will be entitled to Zero Lost Card Liability. However, in order to reap the benefits, you must notify the company as soon as possible.
- Interest-Free Credit Period: When you purchase the money back HDFC credit card, you will receive up to 50 days of interest-free credit.
- Revolving Credit: Revolving credit is available on your HDFC Bank Money Back Credit Card at a low-interest rate.
- Reward: Every time you spend Rs. 150, you will receive 2 reward points. However, money spent on fuel transactions, wallet loads/prepaid card loads, and voucher purchases should be excluded. Aside from that, you will receive reward points for every Rs. 150 spent online.
- Contactless Payment: The HDFC Money Back Credit Card includes a contactless payment option for faster and more secure payments.
HDFC Money Back Credit Card: Fees and Charges
It is necessary to be aware of the fees and charges before purchasing a credit card. Since the joining fee is sometimes high or there are other fees involved. The money back HDFC Credit Card comes with a nominal joining fee. The following are the fees and charges that you can expect from the card:
| Joining Fee | Rs. 500 + Taxes |
| Renewal Fee | Rs. 500 + Taxes |
| Interest Rates | 3.6% per month and 43.2% per annum |
HDFC Money Back Credit Card: Eligibility and Documentation
When applying for a credit card, eligibility and documentation are critical. It is essential to understand all of the requirements so that the application can be processed smoothly. The following are the eligibility and documentation requirements for the HDFC Money Back Credit Card:
| Minimum Age | 21 Years |
| Maximum Age | 65 Years |
| Eligiblity | HDFC’s money-back credit card is available to both salaried and self-employed individuals. |
| Income | The monthly minimum wage for salaried employees is Rs. 25000, and the annual minimum wage for self-employed individuals is Rs. 6 lakhs. |
| Documents | Identity Proof, Income Proof, and Proof of Address |
Conclusion
The money back HDFC Credit Card is without a doubt one of the best cashback credit cards available. If you are new to the world of credit cards, you should definitely give it a shot. The money-back credit offers a plethora of ways to redeem the rewards earned for both online and offline purchases. Furthermore, it is loaded with advantages that can be easily utilized.
The Wishfin credit card app is a great way to manage your finances and make sure you never miss a payment. With this app, you can track your spending, set up budget alerts, and view your credit score. You can also use the app to pay your bill, view your transaction history, and more. The Wishfin Credit card app is a great tool for anyone who wants to stay on top of their finances.
