HDFC MoneyBack Plus

“Entry-level HDFC card with ₹20K income requirement. 10X CashPoints on select merchants sounds great but the point value is only ₹0.25 max (vs ₹1.00 for Diners Black, ₹0.50 for Regalia Gold), so effective rate is 3.3%. Low fee waiver threshold at ₹50K/year. Quarterly milestone voucher at ₹50K spend is achievable. No lounge access. No insurance beyond zero lost card liability. Card can be cancelled if unused for 6 months. CashBack redemption severely capped at 3,000 CashPoints/month (= ₹600/month max).”

Fee Waiver: Spend ₹50,000 or more in a year before renewal date. Note: Card may be cancelled if unused for 6 continuous months (with prior notice).