Head-to-head · 🇮🇳 India
HDFC Swiggy vs HDFC MoneyBack+
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
IN
HDFC Bank
HDFC Swiggy
Wins 2 of 10
IN
HDFC Bank
HDFC MoneyBack+
VISA
Wins 4 of 10
Verdict
HDFC MoneyBack+ wins 4-2. Entry-level cashback with very low waiver bar. HDFC Swiggy is still the right call if heavy swiggy/instamart users — 10% on the platform tops anything else..
Side-by-side
| Criterion | HDFC Swiggy | HDFC MoneyBack+ |
|---|---|---|
| Annual fee | = ₹500 | = ₹500 |
| Joining fee | = ₹500 | = ₹500 |
| Top reward rate | 10% (dining) | · 5% (shopping) |
| Base reward rate | · 1% | 2% |
| Forex markup | = 3.5% | = 3.5% |
| Welcome bonus | = 3-month Swiggy One membership (₹1,499 value) | = 500 CashPoints on first transaction |
| Fee waiver threshold | · ₹200,000 / yr | ₹50,000 / yr |
| Min income | · ₹360,000 | ₹240,000 |
| Min credit score | · 740 | 720 |
| Editorial rating | 4.5/5 | · 4.1/5 |
Benefits compared
HDFC Swiggy
- 10% cashback on Swiggy (food, Instamart, Genie, Dineout)
- 5% cashback on online MCC merchants (Amazon, Flipkart, Myntra)
- 1% cashback on other spends
- Cashback auto-credited as Swiggy Money
- 1% fuel surcharge waiver
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
FAQ
›HDFC Swiggy vs HDFC MoneyBack+: which is better?
HDFC MoneyBack+ wins on more dimensions (4 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 Swiggy for its best categories, HDFC MoneyBack+ for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
HDFC Swiggy: 3-month Swiggy One membership (₹1,499 value). HDFC MoneyBack+: 500 CashPoints on first transaction.