Question 1

What is the annual fee on the MoneyBack Plus Credit Card and how do you get it waived?

Accepted Answer

The MoneyBack Plus Credit Card charges ₹500 plus GST as a joining fee and the same ₹500 again at renewal. HDFC Bank waives the renewal fee if you spend ₹50,000 in the previous year, which is about ₹4,167 a month. If your card spend sits below that, treat ₹500 as a real yearly cost that your rewards have to clear first.

Question 2

What is the reward rate on the MoneyBack Plus Credit Card?

Accepted Answer

You earn 20 points per ₹200 on Amazon, Flipkart, Swiggy and similar spends. Everything else earns 2 points per ₹200. Each point is worth about ₹0.25 when you redeem it well, so ₹10,000 of top category spend gives you 1000 points, roughly ₹250, which is about 2.5% back.

Question 3

Do reward points on the MoneyBack Plus Credit Card expire?

Accepted Answer

Yes. Points lapse 24 months from the date you earn them, so a slow burn balance is a real loss rather than a saving. Redeem in small batches as you go instead of saving for a large redemption that never arrives. Check the expiry column on your statement each quarter.

Question 4

What changed on the MoneyBack Plus Credit Card recently and is it still worth it in 2026?

Accepted Answer

Reward base ₹150→₹200 (25-35% fewer points); long exclusion list. The changes are dated May 15, 2026. At ₹50,000 of yearly spend the card returns roughly ₹665 at its general rate of about 1.33%, against a ₹500 renewal fee. That clears the fee, but not by much, so it is worth keeping only while your spending stays in the accelerated category.

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