Axis Bank Rewards Credit Card vs HDFC Moneyback Credit Card
Joining Fees
₹1,000
₹500
Editor's Rating
4.5
3.3
Key Features
- On every Rs. 125 spends, gain unlimited 2 EDGE REWARD points
- Avail 10X reward points on every Rs. 125 spent on apparel and departmental stores
- Receive accelerated points for spends up to Rs. 7000 per month on specific categories
- Membership Benefits: Gain a bouquet of memberships up to Rs. 1,000 every anniversary year
- Milestone Benefits: Avail 1,500 EDGE REWARD points on net spends of Rs. 30,000 per statement cycle
- 30% off on Swiggy food delivery. This is applicable on minimum transaction of Rs. 200 per order and can be availed up to 2 times in a month
- 2 complimentary lounge access per quarter at selected domestic airports
- 1% fuel surcharge on fuel purchases at all fuel stations within India. This is valid on transactions between Rs. 400 to Rs. 5,000 only
- Purchase Protection Cover up to Rs. 1 Lakh
- Credit Shield 1 Lakh
- Loss of Check-in Baggage Cover up to 500 USD
- Cover up to USD 300 for the following: Delay of check-in baggage and Loss of travel documents
- Enjoy up to 15% off, maximum Rs. 500, at partnered restaurants in India
- Annual Fee of Rs. 1,000 will be waived off by making annual spends of Rs. 2,00,000 and above
- 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
* Unlimited 2 EDGE REWARD points on every Rs. 125 spends
* Accelerated points for spends up to Rs. 7000 per month on specific categories
* Gain a bouquet of memberships up to Rs. 1,000 every anniversary year
Cons
* No access to international lounges at airports
* No golf benefits are provided
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%
