HDFC Bank Regalia Credit Card vs American Express Platinum Travel Credit CardHDFC Bank Regalia Credit Card vs American Express Platinum Travel Credit Card

HDFC Bank Regalia Credit Card vs American Express Platinum Travel Credit Card

The HDFC Bank Regalia Credit Card and the American Express Platinum Travel Credit Card are both designed for travelers, offering substantial benefits for both lifestyle and travel experiences. HDFC Bank introduces an exclusive credit card tailored for those who appreciate luxury in both their daily life and travels. Positioned as a travel credit card, it provides cardholders with complimentary access to both domestic and international airport lounges. Notably, this card stands out for its minimal foreign currency mark-up fee, making it particularly popular among international travelers.

On the other hand, the American Express Platinum Travel Credit Card, true to its name, is a sought-after travel credit card primarily due to its AirMile benefits. What exclusive perks does this card provide? It boasts attractive welcome and milestone benefits with ample Membership Reward Points that can be utilized for diverse options like airfare, accommodation, shopping, e-vouchers, and beyond. Additionally, it offers complimentary access to domestic airport lounges and a free Priority Pass Membership, enhancing travel convenience.

Advantages of HDFC Bank Regalia Credit Card versus American Express Platinum Travel Credit Card

HDFC Bank Regalia Credit Card:

  1. A prestigious credit card designed for travel and lifestyle needs, widely recognized and sought-after in the Indian market.
  2. Earn 4 Reward Points for every Rs. 150 spent.
  3. Travel perks encompass amenities such as access to airport lounges and insurance coverage during travel, among other advantages.
  4. Annual membership fee of Rs. 2,500.
  5. Additional benefits: lower foreign currency markup, insurance perks, fuel surcharge waiver.
  6. Welcome benefit: 2,500 Reward Points upon successful joining fee payment.
  7. 4 Reward Points for Rs. 150 spent (excluding fuel, EasyEMI, and Wallet Transactions).
  8. Insurance transactions are subject to a daily cap of 2,000 reward points.
  9. Enjoy up to 12 free entries to domestic airport lounges every year, with a maximum of 3 visits per quarter.
  10. Priority Pass Membership with 6 international lounge visits.
  11. Exclusive dine-out passport membership on spending Rs. 75,000 or more.
  12. Enjoy a 1% exemption on fuel surcharges for transactions ranging from Rs. 400 to Rs. 5,000.
  13. Milestone benefits: 10,000 bonus Reward Points for Rs. 5 Lakhs spend, 5,000 points for Rs. 8 Lakhs.
  14. Low foreign-currency markup fee of 2%.
  15. Enjoy a waiver on renewal fees by spending Rs. 3 Lakhs or above within the anniversary year.
  16. Reward Points redemption for flights, hotels, products, vouchers, cashback, or AirMiles.

American Express Platinum Travel Credit Card:

  1. Premium credit card by American Express with exclusive deals.
  2. Welcome benefit: 10,000 Membership Rewards Points on spending Rs. 5,000 in the first 2 months.
  3. Earn 2 Reward Points for every Rs. 100 spent (excluding fuel, insurance, utility, and EMI transactions).
  4. Up to 20% dining discount at selected premium restaurants.
  5. Intermittent promotions offering price reductions are available on food delivery platforms such as Swiggy and Qmin.
  6. 8 complimentary domestic airport lounge visits (2 per quarter).
  7. Receive a complimentary Priority Pass Membership, granting access to international facilities, with a nominal usage fee of US$ 32.
  8. Spending Rs. 4 Lakhs in a year earns 25,000 Membership Reward Points and Taj Stay Vouchers.
  9. Spending Rs. 1.9 Lakhs earns 15,000 Membership Reward Points and Taj Stay Vouchers.
  10. No surcharge on fuel transactions up to Rs. 5,000 at HPCL Fuel stations.
  11. Membership Rewards Points redemption for e-commerce, e-vouchers, Cash + Points, and transfer to various loyalty programs.
  12. Joining fee of Rs. 3,500 and renewal fee of Rs. 5,000 for exclusive travel benefits.

Comparison between HDFC Bank Regalia Credit Card and American Express Platinum Travel Credit Card

HDFC Bank Regalia Credit Card:

1. Reward Rate:

  • You earn 4 Reward Points (RP) for every Rs. 150 spent across all transactions, excluding fuel purchases, EasyEMI transactions, and wallet transactions.

2. Reward Redemption:

  • Redeemable on the Smartbuy portal.
  • 1 RP = Rs. 0.5 for flight and hotel bookings.
  • 1 RP = Rs. 0.35 for products and vouchers.
  • 1 RP = Rs. 0.20 for cashback.
  • 1 RP = 0.5 Air Mile for Air Miles redemption.

3. Fuel Surcharge Waiver:

  • 1% waiver on transactions between Rs. 400 to Rs. 5,000.
  • Capped at Rs. 500 per statement cycle.

4. Welcome Benefits:

  • Receive 2,500 Reward Points upon the successful payment of your membership fees.

5. Dining Benefits:

  • Dine-out Passport Membership with a 5% additional discount on 200+ partnered restaurants.

6. Milestone Benefits:

  • 10,000 RP on spends of Rs. 5 Lakhs in an anniversary year.
  • Additional 5,000 RP on spends of Rs. 8 Lakhs in an anniversary year.

7. Lounge Access:

  • 12 complimentary domestic lounge visits in a year, limited to 3 per quarter.
  • Receive six free passes to access international lounges annually.

8. Fees:

  • Joining Fee: Rs. 2,500 + Taxes.
  • Renewal Fee: The total payable sum is Rs. 2,500, inclusive of taxes. Yet, if your expenditure for the previous year amounts to Rs. 3 Lakhs or higher, these taxes can be exempted.

9. Eligibility:

  • Granted to employed individuals between the ages of 21 and 60, possessing a monthly salary of at least Rs. 100,000.

American Express Platinum Travel Credit Card:

1. Reward Rate:

  • Get 2 Membership Reward Points for each Rs. 100 spent on all purchases excluding fuel, utility, insurance, and EMI transactions.

2. Reward Redemption:

  • Redeemable on popular e-commerce websites.
  • This service enables the acquisition of e-vouchers through Amex’s digital retail platform.
  • Transferable to AirMiles and hotel loyalty programs.

3. Fuel Surcharge Waiver:

  • No surcharge on transactions up to Rs. 5,000 at HPCL fuel stations.
  • 1% surcharge on fuel transactions exceeding Rs. 5,000.

4. Welcome Benefits:

  • 10,000 American Express Membership Reward Points.

5. Dining Benefits:

  • 20% off on dining bills across partnered restaurants.

6. Milestone Benefits:

  • 15,000 Membership Reward Points on spending Rs. 1.9 Lakhs in an anniversary year.
  • 25,000 Membership Reward Points on spending Rs. 4 Lakhs in an anniversary year.

7. Lounge Access:

  • 8 complimentary domestic lounge access per year.

8. Fees:

  • Joining Fee: Rs. 3,500 + Taxes.
  • Renewal Fee: Rs. 5,000 + Taxes.

9. Eligibility:

  • Issued to salaried and self-employed individuals aged 18 to 65.
  • Should have an annual income of Rs. 6 Lakhs as per ITR.
  • Should have a decent credit score.

Which credit card suits you best?

  1. HDFC Bank Regalia Credit Card and American Express Platinum Travel Credit Card are premium travel and lifestyle credit cards.
  2. Exclusive benefits are offered by both cards, aligning with premium travel credit card expectations.
  3. HDFC Bank Regalia Credit Card provides reward points and noteworthy travel perks like free access to domestic and international airport lounges. Additionally, it includes a complimentary Priority Pass Membership, travel insurance, and a low 2% foreign markup fee, facilitating substantial savings on international transactions.
  4. American Express Platinum Credit Card also offers decent travel benefits, including complimentary access to domestic airport lounges and a free Priority Pass Membership.
  5. Membership Reward Points from the American Express card can be transferred to Airmiles and redeemed for hotel loyalty programs.

Frequently Asked Questions (FAQs)

1. What unique characteristics distinguish the HDFC Bank Regalia Credit Card from the American Express Platinum Travel Credit Card?

Both cards offer premium travel benefits, but HDFC Bank Regalia emphasizes low foreign markup fees and complimentary airport lounge access, while American Express Platinum Travel focuses on Membership Reward Points and exclusive airport lounge access.

2. How do the annual fees of HDFC Bank Regalia Credit Card and American Express Platinum Travel Credit Card compare?

When selecting a credit card, it’s crucial to take into account the joining and renewal fees. HDFC Bank Regalia typically offers lower fees in comparison to the American Express Platinum Travel card.

3. Could you please provide a detailed explanation of the travel perks offered by the HDFC Bank Regalia Credit Card?

HDFC Bank Regalia offers travel perks such as complimentary airport lounge access (domestic and international), a Priority Pass Membership, travel insurance, and a low 2% foreign markup fee.

4. What are the travel perks offered by the American Express Platinum Travel Credit Card?

American Express Platinum Travel offers access to domestic airport lounges, a complimentary Priority Pass Membership, and the flexibility to transfer Membership Reward Points to Airmiles or redeem them against hotel loyalty programs.

5. Do the reward point systems of the two cards vary?

Certainly. The HDFC Bank Regalia card emphasizes reward points and travel perks, whereas the American Express Platinum Travel card prioritizes Membership Reward Points, which can be converted into Airmiles or redeemed within hotel loyalty programs.

6. Does American Express Platinum Travel Credit Card have a spend-based waiver feature for annual fees?

The American Express Platinum Travel Credit Card differs from HDFC Bank Regalia in that it lacks a spend-based waiver feature. With this card, annual fees apply regardless of your spending amount; there’s no threshold to waive them.

7. How do the foreign transaction fees compare between HDFC Bank Regalia and American Express Platinum Travel?

HDFC Bank Regalia boasts a low 2% foreign markup fee, making it advantageous for international transactions. However, American Express Platinum Travel’s foreign transaction fees may vary, and cardholders should check the specific terms.

8. Which card is more suitable for international travelers?

HDFC Bank Regalia is often preferred for international travel due to its lower foreign markup fee and comprehensive travel benefits, making it a suitable choice for frequent international travelers.

9. Do both cards provide travel insurance?

Yes, both HDFC Bank Regalia Credit Card and American Express Platinum Travel Credit Card offer travel insurance as part of their premium features.

10. How can I decide which card is better for my needs?

Consider your specific preferences and usage patterns. Evaluate factors such as travel habits, annual fees, reward point systems, and foreign transaction fees to determine which card aligns better with your financial goals and lifestyle.

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