Head-to-head · 🇮🇳 India
HDFC MoneyBack+ vs ICICI HPCL Coral
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
IN
HDFC Bank
HDFC MoneyBack+
VISA
Wins 3 of 10
IN
ICICI Bank
ICICI HPCL Coral
VISA
Wins 2 of 10
Verdict
HDFC MoneyBack+ wins 3-2. Entry-level cashback with very low waiver bar. ICICI HPCL Coral is still the right call if fuel-heavy spenders at hpcl pumps..
Side-by-side
| Criterion | HDFC MoneyBack+ | ICICI HPCL Coral |
|---|---|---|
| Annual fee | · ₹500 | ₹199 |
| Joining fee | · ₹500 | ₹199 |
| Top reward rate | = 5% (shopping) | = 5% (fuel) |
| Base reward rate | 2% | · 1% |
| Forex markup | = 3.5% | = 3.5% |
| Welcome bonus | = 500 CashPoints on first transaction | = 2,000 PAYBACK points on first transaction |
| Fee waiver threshold | = ₹50,000 / yr | = ₹50,000 / yr |
| Min income | ₹240,000 | · ₹250,000 |
| Min credit score | = 720 | = 720 |
| Editorial rating | 4.1/5 | · 4/5 |
Benefits compared
HDFC MoneyBack+
- 5% on Amazon, Flipkart, Big Basket, Reliance Smart Bazaar (capped ₹1K/month)
- 2% on EMI transactions
- 1 fuel surcharge waiver
- Quarterly milestone vouchers
ICICI HPCL Coral
- 5% cashback on HPCL fuel
- 4% on grocery + dining
- 2.5% on utility bills via DragonPass
- 1% fuel surcharge waiver
- 2 domestic lounge visits/year
FAQ
›HDFC MoneyBack+ vs ICICI HPCL Coral: which is better?
HDFC MoneyBack+ wins on more dimensions (3 vs 2). But the right answer depends on your specific spending pattern — see the calculator below.
›Can I get both?
Yes — if your credit profile supports it, holding both is the optimal play. Use HDFC MoneyBack+ for its best categories, ICICI HPCL Coral for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
HDFC MoneyBack+: 500 CashPoints on first transaction. ICICI HPCL Coral: 2,000 PAYBACK points on first transaction.