vs
In short: ICICI Platinum Chip has the lower annual fee (none vs ₹500); both charge a 3.5% forex markup.
| Key facts | HDFC MoneyBack | ICICI Platinum Chip |
|---|---|---|
| Annual fee | ₹500 | None |
| Joining fee | ₹500 | None |
| Annual fee waived | On ₹50,000 annual spend | Not listed |
| Top reward rate | 2X Reward Points per ₹200 on Online Spends | 2 Reward Points per ₹100 |
| Base rewards | 2 Reward Points Per ₹200 | 2 Reward Points per ₹100 |
| Forex markup | 3.5% | 3.5% |
From issuer benefit data, checked 9 Nov 2026. Milestones, welcome benefits and caps are in the full table below.
On ₹20,000 a month with ₹5,000 at each card's top rate, ICICI Platinum Chip returns about ₹950 more a year after annual fees (₹1,200 vs ₹750 in rewards).
| Spend profile | HDFC MoneyBack | ICICI Platinum Chip |
|---|---|---|
| Reward value: top rate / base rate | 0.5% / 0.25% | 0.5% / 0.5% |
| ₹20,000 a month, all general spends | ₹600 | ₹1,200 |
| ₹20,000 a month, ₹5,000 of it at each card's top rate | ₹750 | ₹1,200 |
| Annual fee | ₹500 | None |
Estimates from the earn rates above, with stated cashback caps applied, before exclusions. Reward points are valued at the card's best listed redemption (often travel or vouchers via the bank's portal); cash-back on the statement is usually worth less. Annual fees may be waived on spend (see the table below).
The HDFC Bank MoneyBack Credit Card and the ICICI Bank Platinum Chip Credit card Visa both offer Visa network benefits with a focus on reward points and fuel surcharge waivers. While HDFC Bank charges a joining and renewal fee with a waiver on spending Rs.50,000, ICICI Bank offers no joining or annual fees. Both cards have a 3.5% forex markup and a 1% fuel surcharge waiver, but their reward structures differ notably.
Comparison notes and quick badges use AI, grounded in the benefit data shown in the table. Confirm details on each issuer’s site.
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| Feature | HDFC Bank MoneyBack Credit Card | ICICI Bank Platinum Chip Credit card Visa |
|---|---|---|
| Bank | HDFC Bank | ICICI Bank |
| Network | Visa | Visa |
| Joining fee | Joining Fee of Rs.500 | No Joining Fees |
| Annual / renewal fee | Renewal Fee of Rs.500 | No Annual Fee |
| Annual fee waiver | Spend Rs.50000 For Renewal Fee Waiver | — |
| Top reward rate | Earn 2X Reward Points per Rs.200 on Online Spends | Earn 2 Reward Points per Rs.100 |
| Base rate (other spends) | Earn 2 Reward Points Per Rs.200 | — |
| Fuel surcharge waiver | 1% Fuel Surcharge Waiver | 1% Fuel Surcharge Waiver |
| Welcome benefit | Welcome Benefit - 500 CashPoints | — |
| Milestone benefit | Get Rs.500 Gift Voucher on Spend Rs.50000 | — |
| Foreign currency markup | 3.50% - Foreign Currency Transactions | 3.50% - Foreign Currency Transactions |
When it comes to rewards, the ICICI Bank Platinum Chip Credit card Visa provides a higher base and top reward rate, earning 2 reward points per Rs.100 spent across retail and accelerated categories, compared to HDFC Bank MoneyBack's 2 points per Rs.200 spent with a 2X points boost only on online spends. At Rs.20,000 monthly spend, ICICI’s rewards amount to about Rs.1,200 yearly, while HDFC’s are around Rs.750. ICICI’s broader accelerated rewards on utilities and insurance also add value, making it better for consistent rewards accumulation.
Both cards charge a 3.5% forex markup on foreign currency transactions and provide a 1% fuel surcharge waiver, making them comparable for travel-related fees and fuel savings. Neither card lists lounge access benefits in our data, so for premium travel perks, check with the issuer. Overall, neither card stands out distinctly for travel benefits beyond the standard fees and fuel waiver.
ICICI Bank’s Platinum Chip card has a clear advantage on fees with no joining or renewal charges, making it more cost-effective for users with moderate spend. In contrast, the HDFC MoneyBack card has a Rs.500 joining and renewal fee, though the renewal fee is waived if you spend Rs.50,000 annually. For those who prefer a no-fee card without spending conditions, ICICI’s offering is better suited.
HDFC Bank MoneyBack Credit Card allows redemption of points against statement balance at Rs.0.20 per point and offers travel redemption options including airmiles, while ICICI Bank Platinum Chip card’s points redeem at Rs.0.25 per point for cashback. This difference may influence users prioritizing cashback or travel redemptions.
HDFC Bank MoneyBack Credit Card provides a welcome benefit of 500 CashPoints and quarterly milestone vouchers worth Rs.500 on Rs.50,000 spend, adding periodic value. ICICI Bank Platinum Chip card does not list any welcome or milestone benefits in our data.
Consider HDFC Bank MoneyBack Credit Card if you prefer a card with milestone benefits like a Rs.500 gift voucher on quarterly spends of Rs.50,000 and welcome benefits of 500 CashPoints. It suits users who shop online frequently to maximize the 2X reward points on online spends and are comfortable meeting the renewal fee waiver criteria.
Consider ICICI Bank Platinum Chip Credit card Visa if you want a no-fee card with straightforward, higher reward rates on all spends including utilities and insurance. It is ideal for beginners or those looking for a simple, cost-effective card with consistent rewards and no joining or renewal fees.
HDFC Bank MoneyBack Credit Card charges a Rs.500 joining and renewal fee, with renewal fee waived on Rs.50,000 annual spend. ICICI Bank Platinum Chip Credit card Visa has no joining or annual fees.
Yes, both cards offer a 1% fuel surcharge waiver on applicable fuel transactions.
Both cards charge a 3.5% forex markup on foreign currency transactions.
ICICI Bank Platinum Chip Credit card Visa offers 2 reward points per Rs.100 spent, while HDFC Bank MoneyBack Credit Card offers 2 points per Rs.200 spent.
HDFC Bank MoneyBack Credit Card offers a welcome benefit of 500 CashPoints and a Rs.500 gift voucher on quarterly spends of Rs.50,000. ICICI Bank Platinum Chip Credit card Visa does not list welcome or milestone benefits in our data.