HDFC Bank Regalia First Credit Card
Joining Fee: ₹1,000 + GST
Renewal Fee: ₹1,000 + GST
Reward Type: Reward Points
Welcome Bonus
1,000 Reward Points on Joining: Receive a welcome bonus of 1,000 reward points after paying the joining fee.
Reward Points Earning
4 Reward Points per Rs. 150 Spent: Earn 4 reward points on every Rs. 150 spent on retail transactions, including insurance, utility bills, education, and rent.
No Reward Points on Fuel: Reward points are not earned on fuel transactions.
Reward Redemption
Flexible Redemption Options:
Flights and Hotels: 1 RP = Rs. 0.30 on Smartbuy portal.
Airmiles Conversion: 1 RP = 0.30 airmiles.
Products and Vouchers: 1 RP = up to Rs. 0.25 via Netbanking or Smartbuy.
Cashback: 1 RP = Rs. 0.15 as statement balance adjustment.
Maximum Redemption: Up to 70% of booking value for flights and hotels; remaining amount must be paid with the credit card.
Milestone Benefits
Earn Up to 7,500 Reward Points Annually:
5,000 reward points on annual spends of Rs. 3 lakhs or more.
Additional 2,500 reward points on annual spends of Rs. 6 lakhs or more.
Dining Benefits
Exclusive Dining Offers: Enjoy special offers and discounts at top restaurants through The Good Food Trail program.
Insurance Coverage
Complimentary Insurance:
Rs. 50 lakhs for accidental air death.
Up to Rs. 10 lakhs for medical emergencies.
Rs. 5 lakhs for credit liability.
Renewal Benefits
1,000 Reward Points on Renewal: Earn 1,000 reward points as a renewal bonus upon paying the renewal fee. Note: No renewal bonus if the fee is waived.
Fuel Surcharge Waiver
1% Fuel Surcharge Waiver: Enjoy a 1% waiver on fuel transactions between Rs. 400 and Rs. 5,000, capped at Rs. 500 per billing cycle.
Spend-Based Fee Waiver
Fee Waiver on Annual Spend: Waive the renewal fee of Rs. 1,000 by spending over Rs. 1 lakh in the anniversary year.
Finance & Forex Charges
Interest Rate: 3.6% per month (43.2% annually) on overdue amounts.
Forex Mark-up Fee: 2% of the transaction amount on foreign currency transactions.
Cash Advance Fee: 2.5% of the transaction amount, with a minimum charge of Rs. 600.
Summary
This credit card offers a welcome bonus of 1,000 reward points upon paying the joining fee, with the potential to earn up to 7,500 reward points annually based on spending milestones. Enjoy exclusive dining offers through The Good Food Trail program and receive complimentary insurance coverage, including Rs. 50 lakhs for accidental air death and Rs. 10 lakhs for medical emergencies. A 1% fuel surcharge waiver is available for transactions between Rs. 400 and Rs. 5,000, and the renewal fee of Rs. 1,000 is waived with annual spending over Rs. 1 lakh. Cardholders earn 4 reward points for every Rs. 150 spent on retail transactions, with flexible redemption options for flights, hotels, products, vouchers, and cashback. The card features a Rs. 1,000 annual fee, a 3.6% monthly interest rate, a 2% forex mark-up fee, and a cash advance fee of 2.5% with a minimum charge of Rs. 600.