HDFC Bank MoneyBack+

HDFC Bank

HDFC MoneyBack+ is a value-focused credit card designed for everyday Indian consumers who want meaningful cashback on routine expenses without paying a high annual fee. With an annual fee of just ₹500 — reversed on spending ₹50,000 in the previous year — the card pays for itself with a single trip to the fuel pump or a month's worth of grocery shopping. The card's standout feature is the 2% cashback on fuel purchases at HPCL, BPCL, and IOCL fuel stations, applicable on transactions up to ₹4,000 per month. For someone who spends ₹4,000 per month on fuel, this translates to ₹80 cashback per month or ₹960 per year — well above the annual fee. The 1% fuel surcharge waiver further enhances savings at the pump. Grocery cashback of 1.5% on supermarket and kirana store purchases (via HDFC Bank's merchant network) provides daily savings for families. This is applied on spends at Foodworld, Spencer's, More, and other grocery chains, as well as spends categorized as groceries by HDFC's transaction processing. Dining and movie bookings earn 1% cashback, while all other spends earn a base 0.5% cashback. Cashback is credited as Reward Points to the cardholder's account and can be redeemed for statement credit or gift vouchers from HDFC's redemption catalogue. The card is ideal for individuals with a minimum annual income of ₹3 lakhs who want a no-frills cashback card focused on everyday spending categories. The ₹50,000 annual spending threshold for annual fee reversal is modest — approximately ₹4,167 per month — achievable for most working individuals. Source: HDFC Bank official website, updated May 2026.