My Experience Redeeming HDFC Credit Card Reward Points - A Real Review
If you are a salaried professional like me and actively use a credit card for monthly expenses, then this post will help you understand the real benefits of an HDFC Bank credit card. Recently, I redeemed over 4,300 reward points and got over ₹1,000 credited back into my account. Here’s my honest experience, along with tips to maximize your rewards.
Why I Chose the HDFC Mastercard Moneyback Plus Credit Card
As a working professional aged 21+, with a CIBIL score above 700, I was looking for a card that could give me value on every spend. HDFC's Moneyback Plus Credit Card stood out because it offers:
- Cashback in the form of reward points
- Easy redemption to real money
- Good credit limit flexibility (my limit is ₹46,000)
- Enabled for international use
How Many Points I Earned
Over time, my monthly usage - like paying utility bills, online shopping, and travel bookings - earned me 4,342 reward points. I didn’t even notice them piling up. Suddenly, when I checked, I saw they had a cash value of over ₹1,000!
How to Redeem HDFC Credit Card Points for Cash
- Log in to HDFC NetBanking
- Go to Cards > Enquire > Redeem Reward Points
- Select your card and click on Cash Redemption
- Choose the number of points (I redeemed 2,545 points for one order)
- Submit and confirm - it’s that easy!
As you can see from my screenshots, the amount was successfully redeemed on 9-Dec-2024 with a confirmed status.
What I Got: Redemption Results
I redeemed a total of 2,545 points for cash and still have some left. In total, I earned ₹1,037 just from my daily transactions.
Top Benefits of HDFC Credit Card for Professionals
- High Reward Earning: Earn points on most transactions including groceries, fuel, travel, etc.
- Flexible Redemption: Choose gift vouchers, merchandise, or cash.
- Online Tracking: All transactions and redemptions are trackable via NetBanking.
- Good Credit Building: Helps maintain a strong credit score if used responsibly.
Is it Worth Redeeming HDFC Reward Points as Cash?
Yes, absolutely! If you don’t shop much on HDFC’s partners or don’t want gift vouchers, redeeming points as cash is the most practical option. The conversion rate is about 0.25 INR per point - which may seem low, but it adds up!
HDFC Personal Loan Instantly Credited ₹2 Lakhs
FAQs on HDFC Credit Card Rewards
1. Can I redeem all my points at once?
Yes, you can redeem all points if the minimum threshold (generally 500 or 1000) is met.
2. How long does it take for cash redemption to reflect?
It usually takes 3–5 business days to reflect in your account.
3. Is there a fee for redemption?
Yes, a small fee (e.g., ₹99 + GST) is applied per redemption request in some cases.
4. Can I redeem points against my credit card bill?
Yes, if you redeem for cash, the amount will be adjusted in your card bill or credited to your account.
Comparison: HDFC vs. Other Credit Cards
| Bank | Card Name | Reward Conversion | Best For |
|---|---|---|---|
| HDFC | Moneyback Plus | ₹0.25 per point (cash) | Daily use, cashback lovers |
| ICICI | Amazon Pay ICICI | 1% – 5% cashback (Amazon) | Online shoppers |
| SBI | SimplyCLICK | ₹0.25 to ₹0.50 per point | Online spending |
Final Thoughts
Whether you're building your credit or maximizing value on daily spending, the HDFC Mastercard Moneyback Plus is a smart choice for professionals. By simply spending on regular expenses, you can redeem points worth thousands of rupees annually. If you’re an HDFC user, go check your reward balance - you might be sitting on free money!
Tip: Always track your points and redeem them periodically before they expire. Also, ensure you pay your bills on time to avoid interest.