HDFC Moneyback Credit Card vs IDFC FIRST Select Credit Card

• 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

• Welcome Benefits include getting vouchers worth Rs. 500 on spending Rs. 15,000 within 90 days
• 5% cashback on making the first EMI transaction made within 90 days of card set-up
• 10X Reward Points on purchases greater than Rs.20,000
• 6X Reward Points on all online purchases and 3X Reward Points on all offline purchases
• 4 complimentary domestic lounge access per quarter
• 4 complimentary Railway lounge access every quarter
• Low foreign exchange mark-up fee of 1.99%
• 20% discount on 1500+ Restaurants
• 15% discount on 3000+ Health & Wellness Outlets
• Free Road Side Assistance(RSA) worth Rs. 1,399

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%

Pros

• 10X Rewards on all spends done on your Birthday
• Reward points will never expire
• Comprehensive Travel Insurance Cover of Rs. 22,500
  
  Cons

• Welcome gift voucher is only provided on spending Rs.15,000 within 90 days of card set-up
• Interest-free cash withdrawal available for 48 days only
• The dining benefits provided by the card are satisfactory but not that great