HDFC MoneyBack Plus Credit Card – what is it?

A money-back plus credit card is a type of credit card that offers cash-back rewards on purchases. Cardholders can earn rewards in the form of cashback, which can be used to offset the cost of future purchases or withdrawn from a bank account. In addition to offering cash-back rewards, many money-back plus credit cards also offer other perks, such as 0% APR periods, sign-up bonuses, and travel rewards.

 How does the money-back plus credit card work?

The MoneyBack Plus credit card is a great way to get cash back on your everyday purchases. With this card, you’ll earn 2% cash back on all your purchases, up to $1,000 per year. There’s no limit to the amount of cash back you can earn, and you can use your cashback to pay for your next purchase or withdraw it as cash. Plus, there’s no annual fee and you’ll get a 0% intro APR on purchases and balance transfers for the first 12 months.

So how does the MoneyBack Plus credit card work? It’s actually pretty simple. Every time you use your card, you’ll earn 2% cash back. There is no limit to the amount of cash back you can earn, and your cash back will be automatically applied to your next purchase or withdrawn as cash. Plus, you’ll get a 0% intro APR on purchases and balance transfers for the first 12 months, and there’s no annual fee. So if you’re looking for a great way to get cash back on your everyday purchases, the MoneyBack Plus credit card is a great option.

3. How to use the money back plus credit card?

The Moneyback Plus Credit Card is a great way to earn cash back on your everyday purchases. Here are some tips on how to use your card to get the most out of your cash-back earnings:

1. Use your card for all of your everyday purchases.

You’ll earn 1% cash back on every purchase you make with your card. So, if you use your card for all of your everyday purchases, you’ll be sure to earn a good amount of cashback.

2. Use your card at different types of stores.

There are different bonus categories each quarter, so be sure to use your card at different types of stores to maximize your cashback earnings. For example, if you use your card at grocery stores during the first quarter, you’ll earn 5% cash back on those purchases.

3. Use your card for larger purchases.

You’ll earn 2% cash back on purchases of $500 or more. So, if you have a big purchase to make, be sure to use your Moneyback Plus Credit Card to get the most cash back.

4. Pay your balance in full each month.

If you carry a balance on your card from month to month, you’ll be charged interest on those balances.

5. Redeem your cash back for cash or gift cards.

You can redeem your cashback earnings for cash or gift cards. Gift cards start at $5, so you don’t need to earn a lot of cash back to redeem your earnings.

By following these tips, you’ll be sure to get the most out of your Moneyback Plus Credit Card.

The Money Back Plus Credit Card offers a range of benefits for cardholders, including:

1. Cashback rewards: Cardholders can earn cashback rewards on their everyday spending, including groceries, dining, and fuel.
2. No annual fee: This card does not have an annual fee, making it a cost-effective option for individuals who want to earn rewards without paying an annual fee.
3. Zero Lost Card Liability: In case of loss or theft of the card, cardholders will not be liable for any transactions made on the lost card after they have reported the loss to the bank.
4. Contactless payments: Cardholders can make quick and secure contactless payments using the card.
5. Add-on card facility: Cardholders can get up to 3 add-on cards for their family members and enjoy the benefits of the card together.

5. What are the drawbacks of moneyback plus credit cards?

The Moneyback Plus credit card from American Express offers a great cash-back rewards program, but there are some drawbacks to consider before signing up for this card. First, the annual fee is $95, which is higher than most cash-back credit cards. Second, the rewards program is tiered, so you earn more cash back on certain categories of purchases, but less on others. Finally, there is a foreign transaction fee of 2.7%, so this is not the best card to use if you travel internationally.

What is the interest rate of a MoneyBack credit card?

The interest rate for an HDFC MoneyBack credit card can vary depending on the cardholder’s credit score and other factors. Typically, the interest rate is around 3.3% per month or 39.6% per annum, which is subject to change by HDFC. It is advisable to check with HDFC or visit their website to get the most recent and accurate information.

However, It’s worth noting that it’s generally not recommended to carry a balance on a credit card as the interest rates on credit card debt can be quite high, making it an expensive way to borrow money. If you’re unable to pay off your credit card balance in full each month, it’s a good idea to explore other options such as a personal loan with a lower interest rate. Stop generating

What is the minimum limit of an HDFC MoneyBack credit card?

The HDFC MoneyBack credit card is a great option for those looking for a credit card with a low minimum limit. This card has a minimum limit of Rs. 3,000, which is significantly lower than the average credit card limit of Rs. 10,000. This card also offers a number of benefits such as cash back on all purchases, a fuel surcharge waiver, and complimentary airport lounge access.

Feature	MoneyBack Plus Credit Card
Rewards	2% cashback on all purchases, up to $1,000 per year
APR	0% intro APR on purchases and balance transfers for the first 12 months
Annual Fee	No annual fee
Other Perks	Zero Lost Card Liability, contactless payments, add-on card facility
Drawbacks	Tiered rewards program, high annual fee, limited redemption options, high interest rates, minimum redemption threshold, limited acceptance.