MoneyBack Credit Card

The HDFC Bank MoneyBack card is a premium credit card that offers reward points on every transaction, with a higher benefit on online spends. This is geared to the needs of the modern consumer who values convenience and quick means of payment.

The key features are:
- 2 reward points per Rs 150 spent
- 2X for online spends i.e. 4 reward points per Rs 150 spent online
- Earn up to Rs 2000 worth of Gift vouchers from top brands every year! Spend Rs 50,000 in a calendar quarter to get a gift coucher worth Rs 500.
- Redeem reward points as cashback against the card statement (100 RP = Rs 20)

The MoneyBack 2X feature gives the cardholder 100% more reward points for spending online using the MoneyBack card.

- Offline spends on the MoneyBack card earn reward points at the rate of 2 Reward Points (RP) per Rs 150.
- Online/ Ecom spends on the MoneyBack card earn reward points at the rate of 4 Reward Points (RP) per Rs 150.

Reward points will be posted for every transaction done using the MoneyBack Credit card.

The customer can view points posted in his card account by viewing his statement, or by logging in to HDFC Bank’s Net Banking facility.

The 2X benefit on online spends done in the current statement cycle will be posted at the start of the next statement cycle.

E.g. Customer A’s billing date is the 15th of every month. If he has done Rs 6000 worth of online spends in the Jan-Feb’20 cycle, the points will be posted as follows:

- 2 RP per Rs 150 in Jan-Feb’20 i.e 80 reward points
- 2 RP (i.e additional 1X) in Feb-Mar’20 i.e. 80 reward points
- Total of 160 reward points which is equivalent to 4 RP per Rs 150 on Rs 6,000 worth of online spends

The additional 2 RP per Rs 150 earned as per 2X online feature is capped at 500 points per month.

E.g If the customer has spent Rs. 40,000 in a statement cycle, reward points earned will be as follows:

Reward points earned in the transaction cycle = (40000/150)*2 = 534 RP

Additional reward points ( Additional 1X as per 2X product feature ) earned in the next statement cycle = Lesser of 500 or [(40000/150)*2] = 500 RP

Total Reward points earned for this transaction will be ( 534+500 ) = 1034 Reward Points

Reward points can be redeemed against the Reward catalogue (1 RP = Rs 0.25), or as statement cashback (1 RP = Rs 0.20). Redemption of reward points is done basis customer request and subject to minimum RP balance conditions being met.

Under Spend Milestone Offer a MoneyBack customer need to spend Rs 50,000 in a Quarter to get Rs 500 e-voucher. The Offer start date is effective 1st April 2018

Quarter is defined as a calendar quarter, For e.g. quarter 1 = 1st Apr’18 – 30th Jun’18.

- The spend milestone program is valid for retail transactions only. Cash transactions, Dial-An-EMI, Cash-on-Call, Balance Transfer, Personal Loan on Credit Card, etc are not eligible.
- Transactions which are reversed or cancelled will not be considered.
-Returned purchases, disputed or unauthorized/fraudulent transactions, and Card Account

Fees will not be considered for this offer.

- A customer will be eligible only once in a quarter at any given point of time.
- Even if a customer achieves higher spends during the period, customer will receive the Rs.500 e-voucher only once.

- As per the current program, a customer can choose (any one per quarter) from e-vouchers of Pizza Hut, Book My Show, Big Bazaar, Bata, Levis, Woodland, Mainland China, and Myntra.
- The list of merchants can change without prior notice at the Bank’s discretion.

- Bank will communicate offer eligibility to the eligible MoneyBack customers within next calendar quarter
- The communication will be completed within 90 days from the end of the quarter. E.g. Eligible customers for the July-Sep quarter will begin to get their eligibility notifications latest by 31st December.
- The eligibility will be communicated to customers on their Mobile No & email ID registered
with the Bank, via SMS & email.

Customers need to claim the-voucher by visiting the link given in the Eligibility Mailer, or by sending an SMS according to the Short codes given in the eligibility SMS. E-Vouchers will be triggered immediately to the customers on receipt of the-voucher choice

The customer has to claim the-voucher (i.e. respond with the selected merchant name) within 60 days from the eligibility SMS/Mailer date.

Customers who have not claimed the e-voucher will be sent an eligibility Reminder on the
30th and 45th Day.

An e-voucher will be valid for 90 days from date of issue.

In case an existing MoneyBack credit card gets upgraded or downgraded during the program quarter to any other card variant, the customer will qualify for the quarterly spend benefit of MoneyBack credit card only if the Quarterly spend target is achieved before the date of upgrade/downgrade.
Spends calculation for Quarterly spends benefit on the new MoneyBack Credit Card variant will start from date of upgrade/downgrade.

If a customer has more than 1 (one) HDFC Bank Credit Card, spends on the cards cannot be clubbed by the customer in order to qualify for the said offer.

Customers classified as delinquent (as per Bank policy) at any time during the promotion or 30 days post the promotion will not be eligible for this program.

This offer is non-cashable, not extendable and non-negotiable.