The verdict
A powerhouse entry-level cashback card for regular online shoppers. Earning 2.0% effective valueback on major e-commerce platforms alongside quarterly milestone vouchers makes this one of the easiest cards to achieve positive ROI.
Spending ₹6,000/mo at eligible 10X merchants earns about 7,200 CashPoints/year (₹1,440 statement cashback); ₹2,000/mo on other eligible retail earns about 240 points (₹48). Combined ₹96,000 annual spend clears the ₹50,000 renewal-fee waiver, before redemption fees. A quarterly ₹500 voucher requires ₹50,000 spend in that quarter.
No airport lounge access and 10X CashPoints are capped at 2,500 points per calendar month.
✓What works
- +10X CashPoints (20 CashPoints per ₹200 spent = 2.0% return) on Amazon, Flipkart, Swiggy, BigBasket, and Reliance Smart.
- +5X CashPoints (10 CashPoints per ₹200 spent = 1.0% return) on merchant EMI transactions.
- +Earn 2 CashPoints per ₹200 spent on all other general domestic retail purchases.
- +₹500 gift voucher every quarter on achieving ₹50,000 quarterly spend (up to ₹2,000/year).
- +Annual renewal fee of ₹500 waived on spending ₹50,000 in the anniversary year.
- +Redeem CashPoints as statement credit at ₹0.20 per point; minimum 2,500 points.
✕What doesn't
- −No complimentary airport lounge access.
- −10X CashPoints are capped at 2,500 points per calendar month.
- −Standard 3.5% + GST forex markup on international transactions.
What it earns
1 CashPoint = ₹0.20 for statement cashback; up to ₹0.25 on SmartBuy flights and hotels.
| Category | Rate | Monthly Cap | Per ₹1L spent |
|---|---|---|---|
| Amazon, Flipkart, Swiggy, BigBasket & Reliance Smart | 10X (20 pts / ₹200 = 2.0%) | 2,500 pts / mo | 10,000 pts before monthly cap (₹2,000 statement value) |
| Merchant EMI Purchases | 5X (10 pts / ₹200 = 1.0%) | 2,500 pts / mo | 5,000 pts before monthly cap (₹1,000 statement value) |
| All Other Domestic Retail Spends | 2 pts / ₹200 (0.2%) | Uncapped | 1,000 pts (₹200 statement credit) |
| Fuel & Rent | 0% | Excluded | 0 pts |
Accelerated earn
10X CashPoints on Top E-Commerce Brands
Earn up to 2.0% valueback on Amazon, Flipkart, Swiggy, and groceries.
| Category / Channel | Multiplier Rate | Monthly Cap | Cap / Condition |
|---|---|---|---|
| Partner MerchantsAmazon, Flipkart, Swiggy. | 10X · 2.0% | 2,500 pts / mo | — |
| Merchant EMIOn EMI conversions. | 5X · 1.0% | 2,500 pts / mo | — |
| Fee WaiverWaived at ₹50,000 spend. | 100% · ₹500 Waived | 1 / year | — |
Redemption options
Redeem CashPoints on HDFC NetBanking for statement cash credit or on SmartBuy.
| Redemption Channel | Value Per Point | Minimum | Ceiling / Limits | Fee |
|---|---|---|---|---|
| Statement Cash CreditBEST VALUE | 1 CashPoint = ₹0.20 | 2,500 pts | None | ₹99 + GST |
| SmartBuy Flights & Hotels | 1 CashPoint = ₹0.25 | 500 pts | None | ₹99 + GST |
Reward Scope: Inclusions & Exclusions
✓Eligible Spends (Inclusions)
- +Amazon, Flipkart, Swiggy, BigBasket, Reliance Smart purchases.
- +Merchant EMI transactions, grocery shopping, dining.
- +Quarterly milestone shopping gift vouchers.
✕Excluded Spends & Fee Traps
- −Rent payments.
- −Fuel purchases (1% surcharge waiver on ₹400–₹4,000).
- −Wallet load transactions.
Fee Schedule & Waiver Criteria
| Fee Component | Amount / Rate |
|---|---|
| Joining Fee | ₹500 + GST |
| Annual Renewal Fee | ₹500 + GST (Waived at ₹50,000 spend) |
| Forex Markup | 3.5% + GST |
| Finance Charges | 3.49% / month (41.88% / year) |
Eligibility & Approval Criteria
| Criteria | Requirement |
|---|---|
| Age | 21–60 years |
| Salaried Income | ₹20,000+ monthly net salary |
| Self-Employed Income | ITR above ₹2.5 Lakhs per annum |
Frequently Asked Questions
What is the value of 1,000 CP (CashPoints) in HDFC MoneyBack Plus credit card?
How can I redeem HDFC MoneyBack Plus CashPoints for statement cash credit?
What is the monthly cap on 10X CashPoints on HDFC MoneyBack Plus?
Does HDFC MoneyBack Plus credit card offer airport lounge access?
Editorial Deep-Dive Analysis
Comprehensive Overview: HDFC Moneyback Plus Credit Card
The HDFC Moneyback Plus Credit Card is the modernized, high-yield successor to the classic MoneyBack card, specifically designed for young professionals and families seeking accelerated returns on popular e-commerce, grocery, and EMI purchases. Issued on the Visa, Mastercard, and RuPay networks at an annual fee of ₹500 + GST, the renewal fee is completely reversed upon spending just ₹50,000 in qualifying retail purchases during the card anniversary year.
The card powers everyday household spending with compelling digital multipliers: cardholders earn 10X CashPoints (2.0% return) on Amazon, BigBasket, Flipkart, Reliance Smart SuperStore, and Swiggy (capped at 2,500 CashPoints/month), 5X CashPoints (1.0% return) on merchant EMI transactions (capped at 2,500 CashPoints/month), 2 CashPoints per ₹150 spent on other retail purchases, and a ₹500 gift voucher upon spending ₹50,000 quarterly, with 1 CashPoint = ₹0.25 in statement credit.
Key Privileges and Practical Everyday Benefits
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10X CashPoints on Top 5 Retail Giants: Earn 10X CashPoints (2.0% valueback) on Amazon, Flipkart, BigBasket, Reliance Smart SuperStore, and Swiggy (capped at 2,500 CashPoints per calendar month).
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5X CashPoints on Merchant EMI Purchases: Earn 5X CashPoints (1.0% valueback) on merchant EMI transactions at participating electronics and retail stores (capped at 2,500 CashPoints per month).
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₹500 Quarterly Milestone Gift Voucher: Receive a complimentary ₹500 gift voucher upon spending ₹50,000 in a calendar quarter (up to ₹2,000 in annual vouchers).
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Ultra-Low ₹50,000 Annual Spend Waiver: Reversal of the ₹500 renewal fee upon reaching ₹50,000 in qualifying retail purchases within the anniversary year.
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1% Fuel Surcharge Waiver: Save on fuel transactions between ₹400 and ₹5,000 across all petrol pumps in India (up to ₹250 per billing cycle).
Important Terms and Spend Conditions to Keep in Mind
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Monthly CashPoint Caps: 10X CashPoints are capped at 2,500 CashPoints per calendar month, and 5X EMI CashPoints are capped at 2,500 CashPoints per month.
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CashPoint Valuation: CashPoints convert at 1 CashPoint = ₹0.25 against statement credit (1,000 CashPoints = ₹250).
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No Complimentary Airport Lounges: Does not include complimentary airport lounge access across domestic or international terminals.
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Quarterly Milestone Requirement: Milestone voucher requires strictly spending ₹50,000 within each distinct calendar quarter.
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Excluded Categories: Fuel purchases, rent payments via aggregator platforms, wallet reloads, and government taxes earn zero CashPoints.
Who Benefits Most
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Frequent Amazon & Flipkart Shoppers: Online buyers who regularly order electronics, groceries, and apparel from Amazon, Flipkart, and BigBasket.
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EMI Appliance & Electronics Buyers: Consumers who frequently utilize no-cost or merchant EMI options on laptops, smartphones, and home appliances.
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Household Grocery Spenders: Families spending ₹15,000 monthly who maximize the 10X grocery multiplier and pocket ₹2,000 in annual milestone vouchers.
- HDFC Bank — MoneyBack+ Credit Card schedule of charges
- HDFC CashPoints merchant partnership redemption terms
Independent Editorial & Statutory Disclaimers
Institutional Transparency & Nominative Fair Use Statement
CredSutra operates as an independent credit card discovery and consumer intelligence engine. CredSutra is NOT a bank, Non-Banking Financial Company (NBFC), Direct Selling Agent (DSA), or Lending Service Provider (LSP).