HDFC Regalia Credit Card vs HDFC Regalia First Credit CardHDFC Regalia Credit Card vs HDFC Regalia First Credit Card

HDFC Regalia vs HDFC Regalia First Credit Card

The HDFC Regalia Credit Card stands out as one of the most sought-after mid-range credit cards in India, boasting a membership fee of Rs. 2,500 per annum (plus GST). With a maximum reward rate of 1.33% on regular expenses, this card offers a plethora of additional perks, including complimentary access to domestic and international airport lounges, a 24×7 concierge service, insurance benefits, and more.

When comparing the HDFC Regalia Credit Card to its counterpart, the Regalia First Credit Card, it becomes evident that the latter is a more subdued version. The Regalia First Credit Card features a lower membership fee of Rs. 1,000 per annum (plus GST) and offers a maximum reward rate of 0.8% on normal expenditures. Although the Regalia First Card offers additional perks, it’s the original Regalia that stands out with its superior upscale features, giving it a clear edge.

Features and Benefits of HDFC Regalia Credit Card and HDFC Regalia First Credit Card

HDFC Regalia Credit Card:

  1. Membership Fee and Welcome Benefits:
    • Membership fee: Rs. 2,500.
    • Welcome bonus: 2,500 Reward Points on joining, renewable annually.
  2. Reward Points:
    • Earn 4 Reward Points per Rs. 150 on regular purchases.
    • Milestone benefits: Receive 10,000 bonus points when you spend Rs. 5 lakhs, plus an extra 5,000 points annually for spending Rs. 8 lakhs.
  3. Redemption Options:
    • Earn points that can be exchanged for AirMiles, flights, hotel stays, various products, vouchers, or used to adjust your statement balance.
    • Redemption rates for different categories with a Rs. 99 redemption fee.
  4. Airport Lounge Access:
    • 12 domestic and 6 international lounge accesses annually.
  5. Dineout Passport Program:
    • Complimentary membership on spending Rs. 75,000 per quarter.
    • Offers discounts at premium restaurants and 1+1 buffet at partner restaurants.
  6. Foreign Currency Transactions:
    • Lower mark-up fee (2%) compared to other credit cards (usually 3.5%).
  7. Insurance Cover and Concierge Service:
    • Comprehensive insurance cover including air accident, overseas hospitalization, and lost card liability.
    • 24×7 concierge service for various assistance needs.
  8. Renewal Benefits:
    • Annual renewal fee waived off on spending a minimum of Rs. 3 lacs in the previous year.
  9. Eligibility Criteria:
    • Salaried: Individuals aged between 21 and 60 years must earn a monthly income of at least Rs. 70,000.
    • Self-Employed: Minimum income of Rs. 8,40,000 per annum, age 21 to 65 years.

HDFC Regalia First Credit Card:

  1. Welcome Benefits:
    • Welcome bonus: Receive 1,000 Reward Points upon enrollment, which are renewable each year upon payment of the applicable fee.
  2. Reward Points and Redemption:
    • Earns 4 Reward Points per Rs. 150 on regular purchases.
    • Redemption rates vary for different categories (see table).
  3. Milestone Benefits:
    • Get 5,000 bonus points when you spend Rs. 3 lakhs, plus an extra 2,500 points if your annual spending exceeds Rs. 6 lakhs.
  4. Airport Lounge Access:
    • 8 domestic and 3 international lounge accesses annually.
  5. Dining Benefits:
    • Entitled to dining benefits at partner restaurants under the bank’s Good Food Trial program.
  6. Insurance Cover:
    • This plan encompasses protection against air accidents, coverage for hospitalization abroad, and insurance for credit liabilities.
  7. Renewal Benefits:
    • If you spend at least Rs. 1 lac in the previous year, you won’t have to pay the annual membership fee.

Comparison between HDFC Regalia Credit Card and HDFC Regalia First Credit Card

HDFC Regalia Credit Card:

  1. Reward Rate:
    • 4 Reward Points per Rs. 150 spent
  2. Reward Redemption:
    • 1 RP = Rs 0.5 for flights and hotel bookings
    • 1 RP = Rs 0.35 for products and vouchers
    • 1 RP = Rs 0.20 for card statement balance
    • One Reward Point equals half an AirMile when transferred to partner airlines’ frequent flyer programs.
  3. Welcome/Renewal Benefits:
    • 2,500 Reward Points on joining and annual renewal
  4. Milestone Benefits:
    • 10,000 Reward Points on spending over Rs. 5 lacs
    • Additional 5,000 Reward Points on spending over Rs. 8 lacs
  5. Additional Benefits:
    • 12 complimentary domestic lounge access (Visa/MasterCard)
    • 6 complimentary international lounge access (Priority Pass)
    • Rs. 2,500 annual fee waived on Rs. 3,00,000 annual spends
  6. Membership Fee:
    • Rs. 2,500 per annum (waived on annual spends of Rs. 3,00,000)
  7. Eligibility:
    • Minimum income: Rs. 70,000 per month (salaried) or Rs. 8,40,000 per annum
    • Age: 21 to 60 years (salaried)

HDFC Regalia First Credit Card:

  1. Reward Rate:
    • 4 Reward Points per Rs. 150 spent
  2. Reward Redemption:
    • For every 1 Reward Point (RP), you can redeem it for 30 paise worth of value towards flights and hotel bookings.
    • 1 RP = Rs 0.25 for products and vouchers
    • One reward point (RP) equals a value of 15 paise (Rs 0.15) when redeemed against the card statement balance.
    • 1 RP = 0.3 AirMile on partner airlines’ frequent flyer program transfer
  3. Welcome/Renewal Benefits:
    • 1,000 Reward Points on joining and annual renewal
  4. Milestone Benefits:
    • 5,000 bonus Reward Points on Rs. 3 lacs expenditure
    • Additional 2,500 Reward Points on crossing Rs. 6 lacs annual expenditure
  5. Additional Benefits:
    • 8 complimentary international lounge access (Visa/MasterCard)
    • 3 complimentary lounge access (Priority Pass)
    • Rs. 1,000 annual fee waived on Rs. 1,00,000 annual expenditure
  6. Membership Fee:
    • Rs. 1,000 per annum (waived on Rs. 1,00,000 annual expenditure)
  7. Eligibility:
    • Minimum age: 21 years
    • Minimum income: Rs. 30,000 per month

Which credit card suits you best?

  • HDFC Bank Regalia Credit Card has a higher annual membership fee of Rs. 2,500 compared to Rs. 1,000 for HDFC Bank Regalia First Credit Card.
  • The Regalia Credit Card provides exclusive advantages and perks that are not accessible with the Regalia First Credit Card.
  • Notable advantages of Regalia Credit Card include a lower mark-up fee (2% of the transaction amount) on foreign currency transactions, more complimentary domestic and international airport lounge access, Dineout Passport membership, etc.
  • HDFC Regalia Credit Card has a higher redemption rate of Reward Points compared to Regalia First Card.
  • The annual membership fee of Rs. 2,500 for Regalia Credit Card is waived off on an annual expenditure of a minimum of Rs. 3 lacs.
  • In contrast, the annual fee waiver condition for Regalia First Credit Card is a minimum annual expenditure of Rs. 1 lac.
  • If you spend at least Rs. 3 lacs annually, HDFC Regalia Credit Card provides better Reward Points redemption rate and additional benefits without charging a membership fee.
  • It is advisable to carefully assess your credit card spending habits. If the annual expenditure is expected to exceed Rs. 3 lacs, HDFC Regalia Credit Card is a preferred choice, provided eligibility criteria are met.

Frequently Asked Questions (FAQs)

  1. What is the primary difference between HDFC Regalia Credit Card and HDFC Regalia First Credit Card?
    • HDFC Regalia Credit Card has a higher annual membership fee compared to HDFC Regalia First Credit Card. Regalia Credit Card offers more benefits and privileges.
  2. What is the annual membership fee for HDFC Regalia Credit Card and HDFC Regalia First Credit Card?
    • The annual membership fee for HDFC Regalia Credit Card is Rs. 2,500, while for HDFC Regalia First Credit Card, it is Rs. 1,000.
  3. What additional benefits does HDFC Regalia Credit Card provide over Regalia First Credit Card?
    • The HDFC Regalia Credit Card provides several benefits including reduced mark-up fees for foreign currency transactions, increased complimentary access to airport lounges, membership to Dineout Passport, and more.
  4. How does the redemption rate of Reward Points differ between the two cards?
    • HDFC Regalia Credit Card has a higher redemption rate of Reward Points compared to HDFC Regalia First Credit Card.
  5. Are there any specific circumstances where the yearly membership fee is exempted for both cards?
    • Certainly! The HDFC Regalia Credit Card exempts its Rs. 2,500 yearly fee if you spend at least Rs. 3 lakhs annually. Meanwhile, the HDFC Regalia First Credit Card waives its Rs. 1,000 fee upon an annual expenditure of Rs. 1 lakh.
  6. Which card is more suitable for higher annual expenditures?
    • The HDFC Regalia Credit Card stands out for individuals with annual expenses surpassing Rs. 3 lakhs. It provides superior reward points redemption and extra perks, all without any membership fees.
  7. What factors should I consider in choosing between these two credit cards?
    • Think about how much you spend each year, what rewards matter most to you, and if you qualify. If you expect to spend more than Rs. 3 lakhs annually, you might find the HDFC Regalia Credit Card to be the best option.
  8. Can I switch from HDFC Regalia First Credit Card to HDFC Regalia Credit Card?
    • It’s wise to reach out to HDFC Bank directly for precise information regarding product upgrades or switches. Typically, they can provide options tailored to your credit history and eligibility.
  9. Are there any exclusive features that both cards share?
    • While both cards belong to the Regalia family, the HDFC Regalia Credit Card typically offers more exclusive features and benefits compared to the Regalia First Credit Card.
  10. What is the process for applying for either the HDFC Regalia Credit Card or the HDFC Regalia First Credit Card?
  • You can visit the HDFC Bank website or contact their customer service to get detailed information on the application process, eligibility criteria, and required documentation for applying for these credit cards.

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