HDFC Bank Regalia Gold Credit Card
The HDFC Regalia Gold Credit Card gives you rewards every time you spend. Whether you're eating out, shopping, or traveling, you earn points on every purchase. The card has a joining and annual fee of ₹2,500 and includes free Club Vistara and MMT Black memberships, which give you perks like priority check-in and free airport lounge access. You also get rewards on your daily spending, with benefits ranging from 1.3% to 13%.
You earn 4 Reward Points for every ₹150 spent on regular purchases and 5X points on shopping at Nykaa, Reliance Digital, Myntra, and Marks & Spencer. If you spend ₹1 lakh in the first 90 days, you get free MMTBLACK Gold and Swiggy One membership. Reward points can be used for flights, hotels, cashback, and vouchers through Netbanking or Smartbuy. Frequent travelers also enjoy free lounge access and flight vouchers, making this card great for both everyday shopping and premium benefits.
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.
How can I apply for the HDFC Regalia Gold Credit Card?
You can apply online through HDFC Bank’s net banking portal or by visiting the nearest HDFC Bank branch.
What is the annual fee for this card?
The annual fee is ₹2,500, but it can be waived if you spend ₹4 lakh in a year.
Can I apply if my annual income is ₹2 lakh?
Yes, you are eligible to apply if your annual income is ₹2 lakh.
Will being an HDFC Bank customer make the application easier?
Yes, if you already have an account with HDFC Bank, they have your KYC details, which makes the process faster.
What happens if I lose my card?
Immediately report it to HDFC Bank to get it blocked. A replacement card will be issued upon request.
Does the card offer a zero-interest EMI option?
Yes, you can convert high-value purchases into EMIs with zero extra interest at select partner outlets or via customer service.
What insurance benefits does this card offer?
It includes ₹1 crore air accidental death cover, ₹15 lakh overseas hospitalization cover, and ₹9 lakh credit liability cover.
What happens if I miss a payment?
Late fees and extra interest will be charged, and it may lower your credit score, affecting future credit approvals.
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