HDFC Moneyback credit card has become a popular option among many individuals looking out for a credit card that provides benefits and rewards. Such cards offer attractive features that make them stand out in the Indian market. Here is a walk-through of the stepwise process for placing an application for an HDFC Moneyback card, both through offline and online platforms. Also, discussed is how using such cards can assist you form a good credit score, making you eligible for various credit options with better terms in the future.
Benefits of HDFC MoneyBack credit card –
The credit card provides excellent cashback features. This card allows you to earn cash on every transaction you make percentage-wise. For instance, it may provide you with a cashback of 5-10 per cent of the transaction figure based on the purchase type whether offline or online. Such cashback features assist you to enhance your savings as well as make the HDFC card a valuable tool for financial usage.
Using the HDFC Moneyback credit card, you may earn reward points on every transaction that you perform. Such points may be redeemed for various products, cash back or vouchers. This unique benefit permits you to save considerable money while allowing you to enjoy the benefits of transacting through a card.
HDFC Moneyback credit card allows you to make contactless transactions, offering you a convenient and quick way to make transactions in a secure manner. To make the transaction, you just need to tap the credit card at any POS terminal to finish the transaction, making your buying experience stress-free.
Fuel surcharge waiver
HDFC provides a fuel surcharge waiver on fuel purchases made at partner petrol pumps. This benefit is especially useful for frequent travellers who rely on their vehicles, as it helps save on fuel expenses.
The HDFC MoneyBack Credit Card offers various travel benefits, such as complimentary airport lounge access, discounted airfare, hotel bookings, and travel insurance coverage. These perks enhance your travel experience while providing financial security during your journeys.
Online shopping offers
HDFC frequently collaborates with popular e-commerce platforms to provide exclusive discounts, cashback, and special offers to its credit cardholders. By using the HDFC MoneyBack Credit Card for online purchases, you can take advantage of these deals and save money.
HDFC provides insurance coverage for its credit cardholders, including coverage against lost or stolen cards, fraudulent transactions, and liability protection. This ensures peace of mind and financial security in case of unforeseen circumstances.
Easy EMI conversion
With the HDFC MoneyBack Credit Card, you can convert high-value purchases into easy monthly instalments (EMIs) at attractive interest rates. This feature enables you to manage your expenses more efficiently and avoid the burden of lump-sum payments.
The HDFC MoneyBack Credit Card is widely accepted both in India and abroad, making it an ideal travel companion. You can use it for transactions in various currencies, making purchases, and withdrawing cash from ATMs worldwide, ensuring hassle-free financial transactions wherever you go.
Bill payment convenience
The credit card allows you to consolidate and pay multiple utility bills, such as electricity, gas, and telephone bills, through the HDFC BillDesk facility. This convenient service saves you time and effort by eliminating the need to remember multiple due dates and visit multiple payment platforms.
Personal loan on credit card
HDFC provides the option of availing a personal loan against your HDFC MoneyBack Credit Card’s available credit limit. This feature allows you to access instant funds in times of financial emergencies or for fulfilling your personal needs, without the hassle of additional documentation or approval processes.
Contactless reward redemption
HDFC offers the convenience of contactless reward redemption with the MoneyBack Credit Card. You can redeem your accumulated reward points instantly by simply tapping your card at participating merchants’ terminals, further enhancing the user experience.
Stepwise Guide: How to apply for an HDFC Moneyback credit card through the offline and online modes.
Offline credit card application process
- Approach the nearest HDFC branch or call their customer service number for assistance with the credit card application procedure.
- Request the HDFC MoneyBack Credit Card application form from the bank representative or download it from the HDFC Bank website.
- Fill in the required details on the application form accurately, ensuring all information is legible.
- Attach the necessary supporting documents, such as address proof, identity proof, and income documents, with the application form.
- Submit the completed application form along with the supporting documents to the bank representative.
- The bank will review your application and credit history.
If approved, the HDFC MoneyBack credit card will be sent to your registered address.
Online application process
- Go to the HDFC Bank site and navigate to the section of the credit card.
- Here, browse through the credit cards available and choose the HDFC Moneyback card.
- Hit on the “Apply Now” option to begin the credit card application procedure.
- Fill out the asked financial and personal information accurately involving your name, income information, contact details and existing employment status.
- Once done, submit the credit card application along with the scanned copies of the asked documents, like address proof, income proof and identity proof.
- Lastly, the submitted credit card application is submitted will be reviewed by HDFC Bank to understand your credit history and your other crucial details.
If your credit card application is approved, HDFC Bank will dispatch your card to your registered address within a few days.
Building credit scores and securing eligibility for future
Using the HDFC MoneyBack Credit Card responsibly can help you build a positive credit history and improve your credit score. Pay your credit card bills on time and try to keep your credit utilisation ratio low, ideally below 30%. A good credit score opens doors to better terms and conditions on future credit options, such as loans, mortgages, or higher credit limits on your credit cards.
HDFC credit cards offer a wide range of benefits involving cashback, reward points, contactless payments and fuel surcharge waivers. By stepwise following the guide given above on the offline and online credit card application process, you can simply apply for the Moneyback card and make the most out of its benefits. Moreover, disciplined usage of HDFC credit cards can even contribute to forming a good score, allowing you to secure better opportunities on financial grounds in the future. So, why wait? Apply for an HDFC credit card now and experience great convenience and leverage the benefits offered by the card.