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HDFC Bank • Visa

HDFC Bank Purchase MoneyBack Credit Card

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CardIntel Score: 53/100

Verified on official issuer terms

CardIntel Product Family

HDFC Bank Purchase Commercial Product Family•HDFC Bank Purchase Commercial Product Suite

Explore HDFC Bank Purchase Commercial Family Hub

Legal Issuer

HDFC Bank

Product Category

REWARDS

Network

Visa

Issuing Status

Active

CardIntel Canonical Architecture Note: Corporate commercial liability cards issued directly by HDFC Bank Limited to corporate and institutional clients.

Other HDFC Bank Purchase Commercial Variants:

Purchase Commercial(Visa / Mastercard)Purchase Premium(Visa)

Purchase MoneyBackCurrent

Purchase Reward(Visa)Compare all 4 in Family Hub

Joining Fee

₹500 + GST

Annual Fee

₹500 + GST

Spend Waiver

Waived at ₹1L/yr

Lounge Access

No Complimentary Lounge

Forex Markup

3.50% + GST

Best Suited For

E-Commerce Shopping, RuPay UPI Spends & Everyday Value

Rewards Rate

10X CashPoints on Amazon, Flipkart, Swiggy, Reliance Smart, BigBasket (3.33%). 2 CP/₹150 on RuPay UPI. 2 CP/₹150 Base (0.33%)

Welcome Benefits

500 CashPoints upon payment of joining fee

Apply Now

CardIntel Score

Objective card quality

CardIntel Score v1.1 measures structural card quality against a fixed ₹6 lakh annual benchmark. It evaluates 9 factors including Net Ownership ROI, without affiliate commission, editorial preference, or card slug heuristics.

53/100

Limited

Rounded: 53/100

Reward Return1.0% Return

5/25

1.00% effective benchmark return

Net Ownership ROI₹0 Cost (Fee Waived)

13/15

Zero ownership cost with solid net return

Reward Cap HeadroomUncapped

12/12

No monthly or category ceilings

Redemption LiquidityRewards Catalogue

7/10

Rewards Catalogue

Lounge UtilityNo Lounge

0/10

Domestic (0/5) + Intl (0/3) + Terms (0/2)

Forex Markup3.50% Forex

1/8

3.5% forex markup

Accessibility & EligibilityOpen Retail

8/8

Open retail availability

Benefit Breadth0 / 5 Pillars

0/5

0 benefit pillars qualified

Condition SimplicityFriction-Free

7/7

Zero material reward conditions (7/7 pts)

Why this score?

• Uncapped: 12/12

• Open Retail: 8/8

• Friction-Free: 7/7

Key drag: No Lounge: 0/10

Solid net ownership ROI, unrestricted reward cap headroom and broad consumer accessibility. The score is reduced by the lounge access terms, forex markup and restricted redemption options.

Version: v1.1Benchmark: ₹50,000/monthAnnual benchmark: ₹6,00,000Confidence: HIGH

Break-Even Recovery Spend: ₹51,500 / yearWaiver Met on ₹6L Benchmark

You need to spend at least ₹51,500 per year (₹4,292/mo) on this card to fully recover its annual fee.

Reconciliation Note: While ₹51,500/yr retail spend recovers the listed ₹499 annual fee via baseline rewards if the waiver is not met, our ₹6,00,000 universal benchmark spend exceeds the bank's waiver threshold, reducing the effective annual fee payable to ₹0.

4-Layer Financial Intelligence

Card Economics & Net ROI

Evaluating real economic return after accounting for benchmark spending (₹6,00,000/yr), effective annual fee, and verified category caps.

1. CardIntel Score

53/100

Limited Quality

2. Card Net ROI

N/A — ₹0 ownership cost

₹0 Effective Fee (Waived)

3. Estimated Net Value

₹6,000

Per year on ₹6L spend

4. Effective Cost

₹0

Annual fee waived on ₹6L spend

Estimated Gross Annual Rewards₹6,000

Effective Annual Cost₹0 (No annual fee)

Recurring Net Annual Value (Year 2+)₹6,000/year

CardIntel strictly separates first-year introductory welcome perks from ongoing recurring ROI. Lifetime Free cards show ₹0 ownership cost rather than infinite percentages.

🎁

Rewards and Benefits

Verified privileges, dining perks, reward redemption values, and airport lounge schedules.

Category	Details & Conditions
🍽️Movie & Dining	10X CashPoints on Swiggy food delivery (20 CP per ₹150; 3.33% value at 1 CP = ₹0.25)
⚡Rewards Rate	2 CashPoints per ₹150 spent on general retail (0.33% yield). 10X CashPoints on Amazon, Flipkart, Swiggy, Reliance Smart, BigBasket (3.33% yield; capped at 2,500 CP/mo with 1,000 CP grocery sub-cap)
💰Reward Redemption	1 CashPoint = ₹0.25 for statement credit (min. 2,000 CP / ₹500; monthly cap 50,000 CP) or SmartBuy travel (up to 50% points payment)
📲RuPay UPI Payments	2 CashPoints per ₹150 on RuPay UPI QR merchant scan-and-pay transactions (capped at 500 CashPoints per calendar month)
🛋️Domestic Lounge Access	N/A (No complimentary airport lounge access)
🌐International Lounge Access	N/A
🎁Milestone Benefits	Earn ₹500 gift voucher upon spending ₹50,000 in a calendar quarter (up to ₹2,000 annual vouchers)
⛳Golf Privileges	N/A
🛡️Insurance & Protection	Zero Lost Card Liability cover post reporting loss to bank helpline

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Fees & Charges

Transparent schedule of annual charges, spend-based reversals, finance APR, and cash advance rates.

Spend-Based Waiver

₹500 + GST

Spend target in anniversary year to reverse renewal fee.

Interest Rates / Finance Charges

3.75% Per Month (45.00% Annually)

Standard finance charge applicable on revolving retail balances and ATM cash advances until complete settlement (revised w.e.f. August 2024).

Late Payment Charges

Nil (Up to ₹100), ₹100 (₹101–₹500), ₹500 (₹501–₹1,000), ₹600 (₹1,001–₹5,000), ₹750 (₹5,001–₹10,000), ₹900 (₹10,001–₹25,000), ₹1,100 (₹25,001–₹50,000), ₹1,300 (Above ₹50,000)

Tiered late payment charge based on total outstanding balance if Minimum Amount Due is not paid by payment due date.

Foreign Currency Markup

3.50% + GST

Standard cross-currency conversion fee applicable on overseas transactions and foreign currency billing.

Dynamic Currency Conversion (DCC)

1.00% + GST Markup Fee

Applicable on transactions carried out in Indian Currency (INR) at an international location or overseas-registered merchants.

Rewards / Cashback Redemption Fee

₹99 + GST per redemption request (₹50 for statement cashback)

Applicable on catalogue, gift voucher, or statement cashback redemptions via HDFC NetBanking or SmartBuy.

Fuel Surcharge Waiver

1% Fuel surcharge waiver on transactions between ₹400 and ₹5,000 (Max ₹250 per statement cycle)

Surcharge waiver excludes GST. Valid across all fuel stations in India. Fuel spends do not accrue reward points.

High-Value Fuel Spend Surcharge

1% fee on fuel spends exceeding ₹15,000/month (Capped at ₹4,999/txn)

Applicable on cumulative fuel spends above the monthly threshold in a calendar month. Surcharge is capped at ₹4,999 per transaction.

Cash Advance Charges

2.5% of transaction amount or ₹500 (whichever is higher)

Domestic & International ATMs. Finance charge of 3.75% p.m. applies from the date of withdrawal until full payment.

Overlimit Charges

2.5% of Overlimit Amount (Min ₹550)

Applicable if retail or merchant transactions exceed the sanctioned credit limit (subject to explicit cardholder consent).

Rental Transaction Surcharge

1% fee capped at ₹4,999 per transaction

Processing fee levied on rental payments via platforms like CRED, Paytm, NoBroker, etc. (w.e.f. 1st July 2025).

Online Skill-based Gaming Surcharge

1% fee on spends exceeding ₹10,000/month (Capped at ₹4,999/month)

Applicable on online skill-based gaming transactions exceeding ₹10,000 cumulative in a calendar month (w.e.f. 1st July 2025).

Wallet Loading Surcharge (excl. PayZapp)

1% fee on loads exceeding ₹10,000/month (Capped at ₹4,999/month)

Applicable on wallet loading transactions exceeding ₹10,000 cumulative in a calendar month (PayZapp wallet loading is exempt, w.e.f. 1st July 2025).

Utility Payments Surcharge

1% fee on utility spends exceeding ₹50,000/month (Capped at ₹4,999/month)

Levied on cumulative utility bill payments (electricity, gas, water) exceeding the threshold in a calendar month. Capped at ₹4,999/month.

Third-Party Education Fee Surcharge

1% fee capped at ₹4,999 per transaction via third-party apps

Levied on school/college fee payments made via third-party apps (CRED, Cheq, NoBroker). Zero fee on direct school/college website or POS transactions.

Payment Dishonour / Bounce Charges

2% of payment amount (Min ₹450)

Charged if cheque, ECS, NACH, or auto-debit instruction towards credit card payment is returned or dishonoured.

Card Replacement Fee

₹100 + GST

Standard physical card re-issuance fee for lost, stolen, or damaged card.

Cash Payment at HDFC Branch / ATM

₹100 + GST per transaction

Service fee charged for paying credit card bill via physical cash deposit at HDFC Bank branches or ATMs.

Railway Ticket Booking Surcharge

1% of transaction amount + GST

Standard IRCTC transaction fee charged on railway ticket purchases.

Product Details

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HDFC Bank's powerhouse entry-level card combining online e-commerce rewards with RuPay UPI functionality.

✓

2 CashPoints per ₹150 base spend (0.33% yield) — officially protected from HDFC's May 2026 ₹200 block devaluation.

✓

10X CashPoints (3.33% yield) across top daily merchants: Amazon, Flipkart, Swiggy, Reliance Smart SuperStore, and BigBasket.

✓

Earn 2 CashPoints per ₹150 on RuPay UPI payments up to 500 CashPoints per calendar month.

✓

₹500 quarterly milestone vouchers on ₹50,000 spend (up to ₹2,000 extra value annually).

Pros & Cons

Pros

+High 3.33% reward rate on everyday online essentials (Amazon, Flipkart, Swiggy, BigBasket, Reliance Smart).

+Protected base earning rate: maintains 2 CP per ₹150 despite May 2026 devaluations on other cards.

+Native RuPay UPI compatibility with 2 CP per ₹150 on merchant QR scans.

+Quarterly spend milestone of ₹50,000 earns ₹500 voucher (1.0% additional milestone yield).

+Low ₹50,000 annual spend hurdle for renewal fee waiver.

Cons

−10X category capped at 2,500 CashPoints per month, with a specific 1,000 CP sub-cap on grocery transactions.

−UPI points accrual capped at 500 CashPoints per month.

−Cashback redemption capped at 50,000 CashPoints per month, and SmartBuy travel allows only 50% points payment.

−No airport lounge access included.

−1.75% DCC fee on international transactions billed in INR.

HDFC Bank Purchase MoneyBack Credit Card Features and Benefits

Comprehensive overview of welcome benefits, quarterly spend bonuses, dining privileges, and renewal fee waiver milestones.

Shopping Boost

10X CashPoints on Top E-Commerce

Earn 20 CashPoints per ₹150 spent on Amazon, Flipkart, Swiggy, Reliance Smart SuperStore, and BigBasket (3.33% value back, capped at 2,500 CP/mo).

UPI Rewards

RuPay UPI QR Rewards

Link your MoneyBack+ RuPay card to UPI apps (GPay, PhonePe, Paytm, BHIM) and earn 2 CashPoints per ₹150 on merchant payments (capped at 500 CP/mo).

Milestone

Quarterly ₹500 Milestone Vouchers

Earn a ₹500 gift voucher upon reaching ₹50,000 retail spend in each calendar quarter, rewarding active users with up to ₹2,000 in vouchers annually.

Protected Value

Protected Accrual Baseline

Shielded from HDFC's May 2026 base rate devaluation: earns 2 CashPoints per ₹150 (not ₹200) across all general retail purchases.

⚡

HDFC MoneyBack Plus Rewards Architecture

Built on a 2 CashPoints per ₹150 framework with 10X multipliers and 1 CP = ₹0.25 value.

10 Partner Merchants (Accelerated Rate):

Amazon, Flipkart, Swiggy, Reliance Smart, BigBasket

10X CashPoints (20 CP / ₹150; 3.33% yield)

RuPay UPI Merchant Payments

2 CashPoints / ₹150 (0.33% yield; max 500 CP/mo)

General Retail Purchases

2 CashPoints / ₹150 (0.33% yield)

Fuel, Rent, Wallets & Govt

0 CashPoints (Excluded)

•2 CashPoints per ₹150 spent on all general retail transactions (0.33% base return).

•10X CashPoints capped at 2,500 points/month (1,000 CP grocery sub-cap); UPI capped at 500 points/month.

Value of CashPoints / Points on Redemption

Comparative monetary conversion rates across cashback, flight tickets, product catalog, and airline miles.

Redemption Option	Monetary Value (per Point)	Notes
Statement Credit (Cashback)	₹0.25	Direct balance credit against credit card statement (Min 2,000 CP = ₹500)
SmartBuy Flights & Hotels	₹0.25	Book flights and hotel vouchers via HDFC SmartBuy portal (up to 50% points)
Product Catalogue & Vouchers	Up to ₹0.20	Lifestyle items and shopping gift cards via NetBanking

•1 CashPoint = ₹0.25 for direct statement credit redemption.

•A minimum accumulation of 2,000 CashPoints (equivalent to ₹500) is required for statement redemption.

•Statement credit redemption is capped at 50,000 CashPoints per calendar month.

•A processing fee of ₹99 + GST applies per redemption request.

Exclusions on Rewards Points / Cashback

In compliance with regulatory terms, the following spending categories are not eligible to earn CashPoints or reward points:

✕Fuel transactions

✕Wallet loading transactions

✕Rental payments

✕Government transactions

✕Cash advances and ATM withdrawals

Who Should Choose HDFC MoneyBack Plus?

Crafted for young salaried professionals and families who do high everyday shopping on Amazon, Flipkart, Swiggy, and BigBasket, and want frictionless UPI QR rewards on an affordable ₹500 card.

✓ Frequent E-Commerce Shoppers (Amazon, Flipkart)✓ Daily Grocery & Food App Users (Swiggy, BigBasket)✓ RuPay on UPI QR Transactors✓ Cost-Conscious Users Wanting Easy ₹50k Fee Waiver

Eligibility Criteria for HDFC Bank Purchase MoneyBack Credit Card

The following table illustrates the income-based and age-based underwriting criteria:

Criteria	Salaried Employees	Self-Employed Individuals
Age	21 – 60 Years	21 – 65 Years
Income Proof	Net Monthly Income > ₹20,000	ITR > ₹6,00,000 Per Annum
Credit Score (CIBIL)	720+ recommended

Compare HDFC MoneyBack Plus With Rival Entry Cards

Side-by-side comparison of rewards, merchant partner rates, monthly caps, and annual fees.

Feature / Card	HDFC MoneyBack Plus Current Card	HDFC Freedom Credit Card	HDFC Millennia Credit Card
Reward Structure	CashPoints (2 CP/₹150, 1 CP = ₹0.25)	CashPoints (1 CP/₹150, 1 CP = ₹0.15)	CashPoints (5% Cashback)
Reward Rate at Partner Merchants	10X on Amazon, Flipkart, Swiggy, BigBasket (3.33%)	10X on Swiggy, BigBasket, BMS, Uber, OYO (1.00%)	5% on 10 top digital brands (1 CP = ₹1.00)
Cap on Rewards	2,500 CP/month (1,000 CP grocery sub-cap)	2,500 CP/month	1,000 CashPoints/month
Additional Benefits	RuPay UPI rewards (500 CP/mo), ₹500 quarterly milestone vouchers	0.99% introductory APR first 90 days	1:1 statement credit redemption with ₹50 fee
Annual Fee & Waiver	₹500 + GST (Waived on ₹50k spend)	₹500 + GST (Waived on ₹50k spend)	₹1,000 + GST (Waived on ₹1 Lakh spend)

Latest News & Program Updates

Verified policy adjustments, convenience surcharges, and MITC revisions implemented by the issuer:

May 2026Verified Regulatory Notice

Protection from Base Accrual Devaluation

HDFC Bank officially protected MoneyBack+ CashPoints from the May 2026 base rate devaluation that impacted Reward Points cards, preserving its 2 CashPoints per ₹150 base rate.

May 2026Verified Regulatory Notice

DCC Fee and Fee Revisions

HDFC Bank standardized the card replacement fee at ₹199 and instituted a 1.75% Dynamic Currency Conversion (DCC) fee on international transactions billed in INR.

HDFC MoneyBack Plus Review: Outstanding Everyday Value in the ₹500 Fee Bracket

The HDFC MoneyBack Plus Credit Card punches well above its weight. While many entry-level cards offer negligible returns, MoneyBack+ delivers a solid 3.33% value back on top Indian digital platforms (Amazon, Flipkart, Swiggy, Reliance Smart, and BigBasket) through its 10X multiplier.

Crucially, HDFC shielded this card from the May 2026 devaluation, keeping its base accrual at 2 CashPoints per ₹150 rather than stretching it to ₹200. With native RuPay UPI QR payment capabilities and a reasonable ₹50,000 annual spend waiver, it remains one of the best starter cards in India.

Financial Punctuality Advisory:

A monthly redemption limit of 50,000 CashPoints applies for statement credit, and SmartBuy flight/hotel bookings allow up to 50% points payment.

Similar Top-Rated Alternative Cards:

HDFC Millennia Credit Card

Higher 5% cashback on Amazon, Flipkart, and Swiggy with 1:1 statement redemption for ₹1,000 annual fee.

Cashback SBI Card

Universal 5% cashback on all online merchants without partner merchant restrictions.

Frequently Asked Questions (FAQs)

Official guidance on applications, reward redemptions, credit limit assignments, and customer support.

1 CashPoint is worth ₹0.25 when redeemed against your credit card statement balance, for SmartBuy flight and hotel bookings, or for product catalogue merchandise. A minimum of 2,000 CashPoints (equivalent to ₹500) is required for statement cashback credit.