Here’s a comprehensive review of the HDFC Regalia Credit Card, based on its features, benefits, and user feedback:
Overview:
The HDFC Regalia Credit Card has long been a favorite among those seeking a balance of travel, lifestyle, and rewards in India. Known for its premium features, it’s positioned as a mid-tier premium card, offering a mix of benefits that appeal to both travel enthusiasts and regular shoppers.
Key Features:
- Rewards Program: You earn 4 reward points for every ₹150 spent, with special milestone benefits like 10,000 points for ₹5 lakh annual spends and an additional 5,000 for ₹8 lakh. These points are versatile, redeemable for travel, products, vouchers, or airmiles.
- Travel Perks:
- Lounge Access: Offers up to 12 complimentary domestic lounge visits per year and 6 international visits through Priority Pass. However, there have been updates where spending criteria might be required for domestic lounge access.
- Low Forex Markup: Only 2% on international transactions, which is lower than many competitors.
- Insurance Benefits: Includes accidental air death cover up to ₹1 crore, emergency overseas hospitalization up to ₹15 lakh, and credit liability cover up to ₹9 lakh.
- Lifestyle Benefits: Includes dining discounts through the Good Food Trail program and a concierge service.
Pros:
- Rich Reward Structure: Good for those who can hit spending milestones due to the bonus points.
- Travel Benefits: The lounge access and low forex fee are significant advantages for frequent travelers.
- Insurance Coverage: Provides comprehensive insurance benefits.
Cons:
- Annual Fee: While waivable, the ₹2,500 fee might be a consideration for those not reaching the spending threshold.
- Changes in Benefits: Over time, benefits like lounge access have been subject to modifications, which might affect long-term holders.
- Reward Point Value: The value when redeemed for cashback or non-travel options might not be as high as for travel.
User Feedback:
- Positive: Many users appreciate the card for its rewards and travel perks, with the lounge access being a highlight for frequent flyers. The low forex markup is also a plus for international use.
- Negative: Some users have expressed dissatisfaction with changes in benefits over the years, particularly regarding lounge access and the perceived devaluation of reward points.
Conclusion:
The HDFC Regalia Credit Card remains a strong contender for those looking for a travel-focused credit card with a good reward rate. However, if you’re considering this card, it’s crucial to weigh the benefits against the annual fee and any changes in terms that might affect your use. It’s also advisable to compare it with newer or similar offerings like the Regalia Gold to see if they align better with your current needs or spending patterns.