HDFC MoneyBack+ vs IndusInd Iconia Amex
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
EXPRESS
HDFC MoneyBack+ wins 4-3. Entry-level cashback with very low waiver bar. IndusInd Iconia Amex is still the right call if mid-premium amex with annual-fee waiver from year 2..
Side-by-side
| Criterion | HDFC MoneyBack+ | IndusInd Iconia Amex |
|---|---|---|
| Annual fee | · ₹500 | No annual fee |
| Joining fee | ₹500 | · ₹3,500 |
| Top reward rate | = 5% (shopping) | = 5% (shopping) |
| Base reward rate | 2% | · 1.5% |
| Forex markup | = 3.5% | = 3.5% |
| Welcome bonus | = 500 CashPoints on first transaction | = 4,000 reward points + Yatra voucher |
| Fee waiver threshold | · ₹50,000 / yr | N/A (no fee) |
| Min income | ₹240,000 | · ₹600,000 |
| Min credit score | 720 | · 770 |
| Editorial rating | · 4.1/5 | 4.2/5 |
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
IndusInd Iconia Amex
- 10 reward points per ₹100 on weekend dining + grocery
- 4 international + 8 domestic lounge visits/year
- Annual fee waived from year 2 (lifetime)
- 1% fuel surcharge waiver
- Buy-1-get-1 BookMyShow
FAQ
›HDFC MoneyBack+ vs IndusInd Iconia Amex: which is better?
HDFC MoneyBack+ wins on more dimensions (4 vs 3). But the right answer depends on your specific spending pattern. Run your own monthly spend through the maximizer to see which one pays you more.
›Can I get both?
Yes, if your credit profile supports it, holding both is the optimal play. Use HDFC MoneyBack+ for its best categories, IndusInd Iconia Amex 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. IndusInd Iconia Amex: 4,000 reward points + Yatra voucher.