American Express® Gold Card vs HDFC Moneyback Credit Card
Joining Fees
₹1,000
₹500
Editor's Rating
3.8
3.3
Key Features
- Welcome Gift of 4,000 Bonus Membership Rewards® Points
- Get benefits on travel bookings with American Express Travel Online
- Avail access to valuable travel benefits under The Hotel Collection: Get a room upgrade (where available) and a US$100 hotel credit while staying two consecutive nights at over 400 hotels worldwide including Hilton Hotels, Intercontinental and Hyatt Hotels
- Avail 2 Supplementary Gold Credit Cards at no additional cost
- You’ll receive Welcome Benefit of 500 Cash Points that’s applicable only on the payment of the membership fee
- In the first 90 days, spend Rs. 20000 or above and get first-year membership fee waived off
- Accumulate and redeem reward points for cash-back against outstanding amount on your Credit Card (100 points = Rs. 20)
- In the first year, spend Rs. 50,000 or above and get renewal membership fee waived off
- Earn 2 Reward Points on every Rs 150 spent
- Every quarter receive a gift voucher worth Rs. 500 on spends of Rs 50,000. Get up to Rs. 2,000 worth of gift vouchers in a year
- While doing online shopping, earn 4 reward points for every Rs 150 you spend online with the card. (With effect from 15th July 2020, customers can get up to 500 Reward Points per statement cycle for the online spends, under the 2X RP feature.)
- Spend Rs 50,000 in a Quarter and avail Rs 500 worth E-Voucher
- Renew membership for free by just spending Rs. 50,000 in a year before the renewal date
- 1% fuel surcharge waiver at any fuel stations in India, on minimum transaction Rs. 400 and Max CashBack of Rs. 250 per statement cycle
- If your HDFC Moneyback Credit Card gets lost, report immediately and avail zero liability on any fraudulent transactions made on the Credit Card
Rewards Rate:
- Reward Points accumulated can be redeemed against statement balance at the rate 1 RP = Rs. 0.20
- Reward Points can even be used to redeem against travel benefits such as Flight & Hotel bookings and Rewards Catalogue at the SmartBuy Rewards Portal: 1 CashPoint = Rs. 0.25
Editor's Review
Pros
- Earn 1,000 Bonus Membership Rewards Points for simply using your Card 6 times on transactions of Rs. 1,000 and above every month
- Redeem points for the fabulous 18 Carat and 24 Carat Gold Collection
- Enjoy greater flexibility in spending with "no pre-set" limit
Cons
- The travel rewards can only be redeemed through amextravel.com
- Variable APR/Interest Rates
Pros
- Zero liability on the lost card if reported immediately
- With the EMV Chip technology presented in the card, stay protected against fraud
- Avail up to 50 days of the interest-free period from the date of purchase, and enjoy Revolving Credit at a nominal interest rate
Cons
- The Reward points are only valid for 2 years
- No complimentary Airport Lounge Access
- High-interest rate of 3.49%
