A credit card is one of the most convenient things a financially independent individual can have. With a credit account, you can make important purchases and pay your bills with just a swipe. If you are looking for the right option, you might want to consider getting the HDFC Bank Regalia Credit Card.
This credit card gives you perks and benefits that can make your transactions more worthwhile. With various introductory promos and partnerships, the HDFC Bank Regalia Credit Card can make your financial life easier. It can also provide perks that can improve other aspects of your life such as travel and leisure.
Applying for this card is easy. However, you must first know about the features and other important aspects of this card. To learn more about this card and what it offers, continue reading below.
Pros Of The HDFC Bank Regalia Credit Card
The HDCF Bank Regalia offers a whole lot of benefits for cardholders. Upon the approval of your application, you will be given a welcome benefit, specifically a year of Zomato Gold Membership. This gives you access to a complimentary dish every time you dine at any Zomato Gold partner establishment. Other establishments offer up to two complimentary drinks instead.
To get this welcome benefit, just make sure to spend at least Rs. 75,000 in the first three months upon getting your card. After this, you will be given a promo code that you can use to redeem your free year of Zomato Gold membership. For frequent travelers, this card is also useful for gaining access to airport lounges within and outside of India.
Aside from these, you can also earn Regalia points. Earn four points per Rs. 150 you spend on transactions such as rent, insurance, utilities, and education. Moreover, you can get a whopping 10,000 points when you spend Rs. 5 lakhs annually. A 5,000-point reward also applies for an additional Rs. 8 lakhs spent annually.
Other benefits include a fuel surcharge waiver. This allows you to get 1% off any fuel purchases in India as long as the transaction falls between Rs. 400 and Rs. 5,000. You can also get accidental air death coverage, emergency overseas hospitalization coverage, and credit liability coverage. All these are subject to limitations according to the bank’s policies.
Downsides Of This Card
While this card offers travel benefits, which are useful for frequent travelers, there are some things you need to remember. Keep in mind that you only have 12 complimentary accesses to lounges in India per the calendar year. You must also be ready to pay Rs. 2 every time you access a lounge.
For lounges outside India, you need to apply for a Priority Pass. This only gives you six complimentary accesses with the perk of adding an add-on member. Just keep in mind that you can only use it six times per the calendar year.
Getting The HDFC Bank Regalia Credit Card
You can get this card only if you are at least 21 years of age. Moreover, you must have a regular income, a savings account in your name, and great credit history. To prove all of these, you will be required to present proof of your identity and proof of income. You might also need to submit a copy of your latest bank statement and recent payslips. You can apply online or at a branch of the bank.
Fees And Rates
Keep in mind that there are charges and fees that you need to consider when managing a credit account. The interest rate is also an important aspect of these cards. For the Regalia credit card, you will need to take note of the following.
- Membership fee – Rs. 2,500 + applicable taxes
- Renewal membership fee: Rs. 2,500 + applicable taxes, waivable upon spending Rs. 3 lakhs in 12 months
- Interest rate – 41.88% per annum
- Cash advance – 2.5% or the amount of Rs 500, whichever is higher
- Late payment – Rs. 100 to Rs. 750.
To know more about this offer, you can check the bank’s website. You can also get in touch with the bank through the bank’s Query/Feedback/Complaint form, found on their website, or by writing to them. You can write them at HDFC Bank Cards Division, PO BOX # 8654, Thiruvanmiyur PO Chennai. You can also give them a call by calling 01161606161 for Delhi and NCR residents.
Getting the HDFC Bank Regalia Credit Card could be the right move for you. However, remember to keep the relevant fees and charges in mind before you apply.
Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.