HDFC Bank Regalia Credit Card Review

Welcome to our review of the HDFC Bank Regalia Credit Card! If you’re in search of a credit card that offers a plethora of travel and lifestyle benefits, you’ve come to the right place. The HDFC Bank Regalia Credit Card is designed to cater to your wanderlust and provide you with luxurious rewards. With an annual fee of Rs 2,500, this card goes above and beyond by welcoming you with 2,500 bonus Reward Points.

One of the standout features of this credit card is the range of advantages it offers across various categories such as lifestyle, travel, and dining. Whether you’re a frequent traveler or enjoy indulging in exquisite dining experiences, the HDFC Bank Regalia Credit Card has got you covered.

When it comes to travel perks, this card truly excels. Not only do you gain access to free Airport Lounge facilities within India and abroad, but you also earn 4 Reward Points for every Rs. 150 spent using the card. These points can be redeemed for a wide array of categories, with a value of up to Re. 0.5 per point. Additionally, the card imposes a minimal foreign currency markup, making it an excellent choice for international transactions.

The HDFC Bank Regalia Credit Card goes beyond travel benefits and extends its advantages to dining experiences as well. Alongside 24X7 Concierge services, you can enjoy exclusive privileges at partner restaurants and relish in culinary delights.

Overall, the HDFC Bank Regalia Credit Card is a popular choice for those seeking a credit card that seamlessly combines travel and lifestyle benefits. Its remarkable features, low foreign currency markup, and enticing rewards program make it a top contender in the market. In this review, we will delve deeper into the card’s offerings and evaluate its performance to help you make an informed decision.

How to Apply for HDFC Millennia Credit Card

Applying for the HDFC Millennia Credit Card is a straightforward process that can be done either online or offline. Follow the steps below to initiate your application:

Online Application

• Visit the HDFC Bank website and navigate to the Millennia Credit Card section.
• Click on the “Apply Now” button to start the application process.
• Fill in the required personal and financial details in the online application form.
• Provide accurate information regarding your employment, income, and contact details.
• Ensure that you carefully review the terms and conditions before submitting your application.
• Submit the application form and wait for a confirmation message or reference number.

Offline Application

• Visit the nearest HDFC Bank branch and approach a representative or relationship manager.
• Express your interest in applying for the HDFC Millennia Credit Card.
• Request the application form and carefully fill it out with accurate information.
• Provide the necessary documents, including identity proof, address proof, income proof, and photographs.
• Take the opportunity to clarify any doubts or queries you may have regarding the card’s features or benefits.
• Submit the completed application form and supporting documents to the bank representative.

After submitting your application, the bank will review your details and assess your eligibility for the HDFC Millennia Credit Card. If your application is approved, you will be notified via email, SMS, or a phone call regarding the next steps. The bank may require additional documentation or verification before issuing the credit card.

Note that the approval process and timeline may vary depending on the bank’s internal procedures and workload.

The HDFC Millennia Credit Card offers a range of exclusive benefits and rewards, including cashback on various categories, milestone bonuses, and fuel surcharge waivers. It is important to carefully review the terms and conditions associated with the card to fully understand its features and obligations.

HDFC Regalia Card Reward Points

The HDFC Regalia Credit Card offers a rewarding experience through its exclusive reward points program. Here are the key details you need to know about earning and utilizing reward points:

Earning Reward Points

• For every retail spend of Rs. 150, you earn 4 Reward Points.

Please note that fuel, EasyEMI, and wallet loading transactions are not eligible for earning reward points.

Accelerated Reward Points

Earn accelerated reward points on specific categories and transactions:

• 10x Reward Points on hotel and bus ticket bookings through the SmartBuy platform.
• 5x Reward Points on shopping from Amazon, flight bookings through Cleartrip and EasemyTrip, Redbus, and purchases from Apple Imagine.
• 3x Reward Points on shopping from Flipkart and rail tickets.

These accelerated rewards are subject to a maximum cap of 4,000 points per month.

Transaction Capping

• Insurance transactions are capped at 2,000 reward points per day.
• Grocery spends are capped at 2,000 reward points per month.

Non-accrual of Reward Points

• Reward points are not accrued on rental, property management, and government spends.

Reward Points Expiry

It’s important to note that reward points earned on the HDFC Regalia Card expire after 2 years from the date of accumulation.

Conversion to EMI

If a transaction is converted to EMI, the reward points earned on that particular transaction will be reversed.
Inactivity Nullification:

• To retain your earned reward points, ensure that you use your HDFC Regalia Card at least once a year. If the card remains unused for 1 year, all the accumulated reward points will be nullified.

By understanding and maximizing the HDFC Regalia Card reward points program, you can make the most of your card’s benefits. Whether it’s earning points on your everyday retail purchases or taking advantage of accelerated rewards in specific categories, this program adds value to your overall card usage. Remember to check the terms and conditions associated with reward points to optimize your redemption options and make your HDFC Regalia Card experience even more rewarding.

HDFC Regalia Credit Card Fees and Charges

When considering the HDFC Bank Regalia Credit Card, it is essential to be aware of the associated fees and charges. Here are the key details to understand:

Joining Fee

HDFC Bank imposes a joining fee of Rs. 2,500 (plus applicable taxes) for the HDFC Bank Regalia Credit Card.

Annual Fee

A yearly fee of Rs. 2,500 (plus applicable taxes) is applicable for the HDFC Bank Regalia Credit Card.

Interest Rate

In case the cardholder is unable to clear the outstanding balance by the payment due date, an interest rate of 3.6% per month (43.2% annually) is applied to the remaining amount.

Forex Mark-up Fee

A foreign currency mark-up fee of 2% (plus applicable taxes) is levied on all foreign currency transactions made with the HDFC Bank Regalia Credit Card.

Cash Advance Charges

For cash advance transactions made on the HDFC Bank Regalia Credit Card, a charge of 2.5% of the amount withdrawn or a flat fee of Rs. 500 (whichever is higher) is applicable.

It is important to note that these fees and charges are subject to change, and it is recommended to review the most recent terms and conditions provided by HDFC Bank.

Eligibility and Documentation

To avoid application rejection, it is essential to meet the eligibility criteria for the Regalia Credit Card. The age and income requirements for salaried employees and self-employed individuals are as follows:

Salaried Employees

• Age: 21 years to 60 years.
• Income: Minimum annual income of Rs. 1 lakh.

Self-Employed Individuals

• Age: 21 years to 65 years.
• Income: Minimum annual income of Rs. 12 lakhs.

Internal Eligibility Criteria

Apart from the age and income criteria,HDFC Bank may have additional internal eligibility criteria that are considered when reviewing and approving or rejecting credit card applications. One crucial factor is maintaining a good credit history.

Documentation

To support your application, the following documents are generally required:

• Proof of identity: Any government-issued photo ID, such as Aadhaar card, PAN card, passport, or driving license.
• Proof of address: Utility bills (electricity, water, gas), Aadhaar card, passport, or any other government-approved address proof.
• Income proof: Salaried individuals need to provide salary slips, bank statements, or Form 16. Self-employed individuals should submit income tax returns, balance sheets, and profit and loss statements.
• Other documents: Additional documents may be requested based on specific circumstances and at the discretion of HDFC Bank.

How to Apply for Regalia Credit Card?

Applying for the HDFC Bank Regalia Credit Card is a convenient process that can be done both online and offline. Here are the steps to apply for the card online:

Offline Application

• If you prefer applying offline, you can visit your nearest HDFC Bank branch.
• Collect all the necessary documents required for the application.
• Fill in the physical application form provided by the bank.
• Submit the form along with the required documents to the bank representative.

Online Application

For a more convenient and efficient application process, you can apply for the Regalia Credit Card online. Follow these simple steps:

• Click on the “Apply Now” button at the top of the webpage.
• You will be directed to a page where HDFC credit cards are categorized based on their features.
• Look for the category “Lifestyle” and find the HDFC Regalia Credit Card.
• Click on the “Apply Now” button associated with the card.
• Provide your mobile number and complete the captcha verification to initiate the application process.
• Fill in all the required details accurately, ensuring the information matches your supporting documents.
• Upload the necessary documents as specified by HDFC Bank to complete the application process.

Also read:

HDFC LIFE SHARE PRICE TARGET 2023, 2024, 2025 to 2030

HDFC Bank Savings Account Interest Rates: What You Need to Know

Benefits of HDFC Bank Balance Check Number

How to check HDFC Debit Card EMI Eligibility

FAQs

What is the annual fee for the HDFC Bank Regalia Credit Card?

The annual fee for the HDFC Bank Regalia Credit Card is Rs. 2,500 (plus applicable taxes).

Can I earn reward points on all types of transactions made with the Regalia Credit Card?

While reward points are earned on most retail spends, transactions related to fuel, EasyEMI, wallet loading, rentals, property management, and government spends do not accrue reward points.

Does the HDFC Regalia Credit Card provide any travel benefits?

Yes, the HDFC Regalia Credit Card offers various travel benefits, including complimentary airport lounge access within India and internationally. It also provides accelerated reward points on travel spends made through the SmartBuy platform.

Are there any insurance benefits included with the HDFC Regalia Credit Card?

Yes, the HDFC Regalia Credit Card offers insurance coverage, including accidental death cover of Rs. 1 crore, medical emergency cover of Rs. 15 lakhs, and lost card liability cover of Rs. 9 lakhs. For detailed information, refer to HDFC Bank’s website or terms and conditions.

What happens to my reward points if I don’t use the HDFC Regalia Credit Card for a year?

If the card isn’t used for 1 year, all the reward points earned will get nullified.

Conclusion

The HDFC Bank Regalia Credit Card stands out as a top-tier offering with its extensive range of benefits and rewards. Whether you are a frequent traveler, a food enthusiast, or someone who enjoys exclusive lifestyle privileges, this card has something to offer for everyone. With features such as airport lounge access, accelerated reward points, dining benefits, insurance coverage, and a fuel surcharge waiver, it caters to various aspects of your lifestyle.

The card’s reward points program allows you to earn points on your retail spends, with accelerated points on travel and shopping through the SmartBuy platform. However, it is important to note the exclusions and limitations for earning reward points, such as transactions related to fuel, EasyEMI, wallet loading, and certain categories like rentals and government spends.

When considering the fees and charges, the HDFC Regalia Credit Card has a joining fee and an annual fee, which provide access to its wide range of benefits. Additionally, it is crucial to be aware of the interest rate, forex mark-up fee, and cash advance charges associated with the card.

To apply for the HDFC Regalia Credit Card, you can choose between online and offline methods, making the process convenient for your preferences. It is essential to meet the eligibility criteria, including age, income, and other internal factors considered by HDFC Bank. Providing the required documentation and maintaining a good credit history further enhance your chances of a successful application.

Overall, the HDFC Bank Regalia Credit Card proves to be a popular choice for those seeking travel and lifestyle benefits. Its comprehensive features, extensive rewards program, and array of privileges make it a valuable companion for enhancing your experiences and enjoying the finer things in life.

Author: Vedanti KiranVedanti is a female finance writer, currently pursuing her studies at Hansraj College. She has a passion for writing and travelling, and her articles on the stock market, finance, investment, and cryptocurrency are well-researched and informative. With her unique perspective on the world of finance, Vedanti is a go-to source for those seeking insights into the world of finance.