Head-to-head · 🇮🇳 India
HDFC MoneyBack+ vs ICICI Platinum Chip
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
IN
HDFC Bank
HDFC MoneyBack+
VISA
Wins 4 of 10
IN
ICICI Bank
ICICI Platinum Chip
VISA
Wins 4 of 10
Verdict
It's a true tie — neither dominates. Pick the one whose boost categories match where you actually spend.
Side-by-side
| Criterion | HDFC MoneyBack+ | ICICI Platinum Chip |
|---|---|---|
| Annual fee | · ₹500 | No annual fee |
| Joining fee | · ₹500 | None |
| Top reward rate | 5% (shopping) | · 0.5% (general) |
| Base reward rate | 2% | · 0.5% |
| Forex markup | = 3.5% | = 3.5% |
| Welcome bonus | = 500 CashPoints on first transaction | = No welcome bonus — fee-free for life |
| Fee waiver threshold | ₹50,000 / yr | · N/A (no fee) |
| Min income | · ₹240,000 | ₹200,000 |
| Min credit score | · 720 | 700 |
| Editorial rating | 4.1/5 | · 3.6/5 |
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 Platinum Chip
- 2 PAYBACK points per ₹100
- 15% off at 800+ restaurants
- 1% fuel surcharge waiver
- Lifetime free, no annual fee ever
FAQ
›HDFC MoneyBack+ vs ICICI Platinum Chip: which is better?
It's a true tie — pick the one whose boost categories match your spend. HDFC MoneyBack+ wins on 4 criteria, ICICI Platinum Chip on 4.
›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 Platinum Chip 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 Platinum Chip: No welcome bonus — fee-free for life.