HDFC Bank Regalia First Credit Card
The HDFC Regalia First Credit Card offers a range of benefits for shopping, travel, and lifestyle needs. Users can earn Reward Points on various transactions like retail purchases, utility bill payments, and rent payments. These points can be redeemed for exciting rewards such as travel bookings and gifts, making everyday spending more valuable. The card also provides dining privileges through the Good Food Trail Program, offering special deals at select restaurants.
In addition to these features, users benefit from a fuel surcharge waiver and insurance coverage, making the card practical for different expenses. Spending more than Rs. 1 lakh in a year qualifies cardholders for an annual fee waiver, adding to its cost savings. For frequent travelers, the card is particularly attractive with up to 8,500 bonus reward points available each year through renewal and milestone benefits, including 7,500 points for specific achievements. It’s a well-rounded card for those looking to enjoy both lifestyle perks and financial rewards.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
What is the maximum number of reward points I can earn through Milestone Benefits in a year?
As part of the Milestone Benefits, you can earn up to 7,500 Bonus Reward Points annually. These points can be used for a variety of rewards, adding significant value to your spending throughout the year.
What is the value of one HDFC Regalia First Reward Point?
Each Reward Point you earn with the HDFC Regalia First Credit Card holds a value of Re. 0.25. These points accumulate with each eligible transaction, which can later be redeemed for a wide range of rewards such as flight tickets, products, and services.
How much are the charges for international transactions made with the HDFC Regalia First Credit Card?
When making international transactions with the HDFC Regalia First Credit Card, you will be charged a fee of 3.5% of the transaction amount. This is a standard foreign transaction fee, and it applies to both online and in-store purchases made outside of India.
How much is the annual fee for the HDFC Regalia First Credit Card, and is it refundable?
The annual fee for the HDFC Regalia First Credit Card is Rs. 1,000 plus taxes. The same fee applies when renewing the card. However, you can have this fee waived in the subsequent year if your total spending for the year exceeds Rs. 1 Lakh. This makes the card more rewarding for high spenders.
How can I track the status of my credit card application?
To check the status of your HDFC credit card application, visit the official HDFC Bank website. You will need to enter your 16-digit application reference number along with your date of birth or mobile number to receive an update on your application’s progress.
Is it possible to convert HDFC Regalia First Reward Points into cash?
Yes, you can convert your earned reward points into cash with HDFC Bank. However, a redemption fee will apply when you convert your points, so it’s advisable to check the terms and conditions before doing so.
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