Here’s a review of the HDFC Regalia First Credit Card based on its features, benefits, and user feedback:
Overview:
The HDFC Regalia First Credit Card was positioned as a more accessible version of the premium HDFC Regalia card, offering similar travel and lifestyle benefits at a lower annual fee. However, note that as of the latest updates, HDFC has stopped accepting new applications for the Regalia First Credit Card, but existing cardholders continue to enjoy the benefits.
Key Features:
- Rewards:
- Earn 4 reward points per ₹150 spent on all retail purchases, including insurance, utilities, education, and rent.
- Travel Benefits:
- Lounge Access: Previously offered 8 complimentary domestic lounge visits per year but effective from December 1, 2023, this benefit was withdrawn for new and existing cardholders.
- Priority Pass: Up to 3 complimentary international lounge visits per year for those with a Priority Pass membership, which you could get after completing 4 retail transactions.
- Other Perks:
- Dining: Access to the Good Food Trail program at premium restaurants.
- Insurance: Accidental air death cover up to ₹50 lakhs, emergency overseas hospitalization up to ₹10 lakhs, and lost card liability coverage up to ₹5 lakh.
- Fees:
- Joining/Renewal Fee: ₹1,000 + GST, with the renewal fee waived on spending ₹1 lakh in the previous year.
Pros:
- Low Annual Fee: Compared to other premium cards, the fee is quite reasonable for the benefits offered.
- Rewards Program: Good for everyday spending with a decent reward rate.
- Insurance Coverage: Provides some peace of mind for travel-related emergencies.
Cons:
- Lounge Access Withdrawn: A significant drawback since the removal of this benefit, which was one of the main attractions.
- Reward Point Value: The redemption value might not be as competitive for non-travel options.
- No New Applications: No longer available for new customers, which might push potential users to consider alternatives.
User Feedback:
- Positive: Many users appreciated the card when it offered lounge access, especially for those not qualifying for the higher-tier Regalia card. The rewards on daily spends were also a plus.
- Negative: The recent changes, especially the removal of lounge access, have left many existing cardholders dissatisfied. Some have considered upgrading or switching cards.
Conclusion:
While the HDFC Regalia First Credit Card used to be a good option for those wanting premium card benefits at a lower cost, the withdrawal of lounge access has significantly diminished its appeal. If you’re an existing user, you might still utilize the card for its rewards and insurance benefits, but for new applicants, looking at alternatives like the Regalia Gold, which still offers lounge access, could be more beneficial.
Given that no new applications are being accepted, it’s essential to consider other cards in the market that might better suit your current needs, especially if travel perks are a priority.