Highlights
- Compare the features and benefits of ICICI Amazon Pay and HDFC MoneyBack Credit Card.
- See the fees and other charges of both the credit cards.
- Check the eligibility criteria of both the cards before applying for them.
In the ever-expanding landscape of reward credit cards in India, two popular contenders stand out for consumers seeking value on their everyday spending: the Amazon Pay ICICI Credit Card and the HDFC MoneyBack Plus Credit Card. While both cards offer attractive rewards structures, they cater to distinctly different spending patterns and lifestyle preferences. The Amazon Pay ICICI Credit Card shines with its no-fee structure and impressive cashback rates on Amazon purchases (5% for Prime members and 3% for non-Prime users), making it an ideal companion for frequent online shoppers. Meanwhile, the HDFC MoneyBack Plus Credit Card offers a more versatile rewards program with 2 reward points per every Rs. 150 spent, which doubles to 4 points on online transactions, along with quarterly gift vouchers worth Rs. 500 on meeting spending thresholds. As Indian consumers become increasingly discerning about maximizing value from their credit cards, understanding the nuanced differences between these two popular options has become essential for making an informed financial decision aligned with individual spending habits. After determining which credit card to apply for, check your CIBIL score for free on Wishfin before applying as it is a very important eligibility criteria.
Comparing the characteristics of the Amazon Pay ICICI Credit Card and the HDFC Moneyback Plus Credit Card
| Feature | Amazon Pay ICICI Credit Card | HDFC Moneyback Plus Credit Card |
|---|---|---|
|
Annual Fee |
Lifetime free (No joining or annual fees) |
Rs. 500 (Reversal on spends of Rs. 50,000 per calendar quarter) |
|
Reward Structure for Regular Purchases |
1% cashback on all transactions |
2 cashpoints per Rs. 150 spent (equivalent to 0.33%) |
|
Special rewards |
|
|
|
Reward value |
1 reward point = Re. 1 (Directly added to the Amazon Pay balance) |
1 CashPoint = Re. 0.25 (for redemption) |
|
Fuel Surcharge Waiver |
|
|
|
Reward Redemption |
|
Multiple options:
|
|
Reward Expiry |
No expiry for rewards |
|
|
Eligibility - Age |
18 to 60 years. |
For salaried: 21 to 60 years For self-employed: 21 to 65 years |
|
Eligibility - Income |
|
|
|
Special Quarterly Benefits |
None specifically mentioned |
|
|
Dining Benefits |
15% discount at partner restaurants under the Culinary Treats program |
Up to 20% savings at restaurants via Swiggy Dineout |
Which Card is Right for You?
Choose Amazon Pay ICICI Credit Card if:
- You're a frequent Amazon shopper, especially if you have Amazon Prime
- You prefer straightforward cashback that's automatically credited
- You want a completely fee-free card with no annual charges
- You prefer rewards with no expiry date
- You want a card with a slightly lower income eligibility requirement
Choose HDFC Moneyback Plus Credit Card if:
- You shop across multiple e-commerce platforms (Amazon, Flipkart, BigBasket, etc.)
- You're looking for quarterly spend benefits in the form of gift vouchers
- You prefer flexible redemption options including statement credit, travel bookings, and merchandise
- You can meet the annual spend requirement to waive the annual fee
- You want higher rewards specifically for e-commerce and food delivery platforms.
Both cards offer competitive benefits based on your spending patterns and priorities. The Amazon Pay ICICI Credit Card is better suited for Amazon enthusiasts with its higher cashback rate on Amazon purchases and no fees, while the HDFC Moneyback Plus Credit Card offers more versatile rewards across multiple shopping platforms and additional quarterly benefits for high spenders.
FREQUENTLY ASKED QUESTIONS
1. Do I need to be an Amazon Prime member to apply for the Amazon Pay ICICI Credit Card?
No, you don’t have to be an Amazon Prime member to apply. However, Prime members get enhanced benefits (5% cashback on Amazon purchases compared to 3% for non-Prime members).
2. Can I apply for the Amazon Pay ICICI Credit Card and the HDFC Moneyback Plus credit card if I am not a customer of ICICI bank or HDFC bank?
Yes, both cards are available to customers outside these banks, though ICICI Bank customers have a lower income eligibility threshold for the Amazon Pay card.
3. Which card among the Amazon Pay ICICI credit card and the HDFC Moneyback Plus credit card offers better rewards for Amazon shopping?
- Amazon Pay ICICI Card: 5% cashback for Prime members, 3% for non-Prime.
- HDFC Moneyback Plus: 3.3% valueback (through 10X CashPoints)
So, the Amazon Pay ICICI Card offers better rewards for Amazon shopping, especially for Prime members.
4. Are there any special quarterly or annual benefits for the Amazon Pay ICICI Credit Card or the HDFC Moneyback Plus credit card?
- Amazon Pay ICICI Credit Card: No specific quarterly benefits mentioned
- HDFC Moneyback Plus Credit Card: Rs. 500 gift voucher on quarterly spends of Rs. 50,000 or more (Maximum Rs. 2,000 worth of vouchers per year)
5. How are rewards redeemed for the Amazon Pay ICICI Credit Card and the HDFC Moneyback Plus credit card?
- Amazon Pay ICICI Credit Card: Cashback is automatically credited to Amazon Pay balance at the end of each billing cycle.
- HDFC Moneyback Plus Credit Card: Multiple redemption options including statement balance credit, travel bookings, and rewards catalog items.
