HDFC Regalia Credit Card Review, Features & Offers

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HDFC Regalia credit card is one of the best credit cards the bank has to offer, the card is not only a great rewards card, it also offers plethora of travel benefits and lifestyle privileges, which makes it a must have for frequent travelers and international travelers.

hdfc regalia credit card
hdfc regalia credit card
  1. What are the key benefits of HDFC Regalia Credit Card ?
  2. What is eligibility for this Card ?
  3. What is the application procedure for this card ?
  4. What is the annual fee for this credit card ?
  5. What are the other tariffs and charges for this card ?
  6. Is there any reward programme ?
  7. What are the products and services I can redeem the reward points for ?
  8. What is the minimum amount due (MAD) for this credit card ?
  9. What is the Annualised Percentage Rate for this card ?
  10. What is the interest-free (Grace) period for this card ?
  11. How is the interest calculated for this card ?
  12. Is Balance transfer & EMI facility available on this card ?
  13. Frequently Asked Questions
  14. Reference

What is eligibility for HDFC Regalia Credit Card ?

The eligibility for this card is :

  1. Your age should be between 21 and 65
  2. You should be from the big cities of india, which include, tier-1 and tier-2 cities
  3. You should have a stable monthly income
  4. You should be Salaried or Self-Employed
  5. You should have a minimum monthly gross salary of Rs 1.2 Lakhs

Document Requirement for Credit Card application:

The documents necessary to process your credit card application include :

1. Pan Card copy/Letter from IT dept

2. Identity Proof (one of the below):

  • Pan Card (back & front)
  • Driving License (copy of name,add,photo pages)
  • Valid Passport(copy of name,add,photo pages)
  • Voter ID(back & front)
  • Mapin card copy

3. Address Proof (one of the below):

  • Electricity Bill,Phone Bill(not more than 2 months old)
  • Driving Licence
  • Passport, Visa
  • Ration Card
  • Bank statement, Passbook( not>3months)
  • Voters ID
  • Flat maintenance Bill(Not>2 months)
  • Rent Agreement

4. Salary slip of last 3 months or latest bank statement showing atleast last 3 months of salary credit to your account

What is the application procedure for this card ?

You can apply for HDFC Regalia credit card online here

It is very easy to apply for HDFC Regalia Credit Card, it is just 1 step procedure, where you see a single screen as shown below. Here you are asked to fill out some details including existing credit card held, maximum card limit, contact details (where in you are required to fill out both office landline number and your mobile number), Income details, including employment type, company you are employed with and your residence land line number.

Once you fill out these details, expect a hdfc bank representative to call you in couple of weeks. You may also check the status of your credit card application here.

HDFC Regalia Credit Card

What is the joining fee for this credit card ?

Though HDFC bank states that fees varies from person to person.
The 1st year fee is Rs 2500/- , which is waived off on spending Rs 40,000 within 90 days the card is setup.
From 2nd year fee is Rs 2500/- , which is waived off on an annual spend of Rs 3,00,000

What are the other tariffs and charges for this card ?

  • For any cash withdrawal from ATM’s from India or abroad, A transaction fee of 2.5% (Minimum Rs.300) would be levied on the amount withdrawn.
  • All cash advances also carry a finance charge equal to charges on revolving credit
  • Late payment charges are calculated as below

 

Statement Balance Late Payment Charges
Less than  Rs 100/- Nil
Rs 100/- to Rs 500/- Rs 100/-
Rs 501/- to Rs 5000/- Rs 400/-
Rs 5001/- to Rs 10,000/- Rs 500/-
Rs 10001/- to Rs 20,000/- Rs 700/-
above Rs 20,001/- Rs 700/-
  • Over limit charges are 2.5% of the overlimit amount subject to minimum of Rs.500.

What are the key benefits for this card ?

Some of the key benefits of the HDFC Regalia Credit card are

  • Lifetime free
  • Save up to 1 Lakh per annum by using the Card
  • 4 Reward Points per Rs 150 spent + 100% extra points on Dining Spends
  • Reward rate is ~1.6% normally, upto ~3.2% on accelerated rewards
  • Accelerated Rewards, You can earn 2X Reward points on dining, selected air bookings and for purchases done on regalia website.
  • Redeem your Reward Points (1 RP = Rs 0.75) for booking flights, hotels and movies
  • Priority pass membership which allows access to over 850 airport lounges globally
  • Complimentary Taj Epicure Gold Membership
  • Complimentary Club Vistara Silver Membership
  • lowest foreign currency mark up of 2% + Service Tax on all foreign currency spends
  • 0% surcharge on all your fuel purchases (Minimum transaction of INR 400. Maximum cash back of INR 500 per statement cycle)
  • Insurance cover of Rs 1 Crore upon any Air accidental death
  • Protection worth up to Rs. 15 lakhs against any medical emergency when you are travelling, and are outside your home country, provided through HDFC Ergo General Insurance

Is there any reward programme ?

HDFC has a good reward programme for its Regalia credit card, to start with here is a quick glance at the rewards you earn on your spends

Spends Category Reward Points for every Rs. 150 spent
Retail purchases 4
 -Bookings on Air Vistara website

-Spends on Dining (Stand-alone restaurants only)

8
-Spends On Partner Merchants* (MakeMyTrip, Lifestyle stores, Smart BUY, Dmart, Nilgiris, PayZapp{OLA Recharge, BookMyShow, Dominos, DTH, Mobile Recharge}, BPCL etc.,) 20

 

Each Reward Point is worth Rs 0.60 when redeemed on hdfc regalia rewards portal against Airline ticket booking, Hotel booking, Movie booking & Mobile/ DTH recharge.

What are the products and services I can redeem the reward points for ?

You can redeem your reward points on HDFC Regalia website, where you can redeem them for flight bookings, hotel bookings, movie bookings and prepaid recharges on the same.

What is the minimum amount due (MAD) for this credit card ?

Minimum amount due calculation for HDFC Regalia credit card is demonstrated here

Assume that you have paid all previous dues in full and do not have any amount outstanding in your Card Account. Your statement date is 18th of every month. The following is the list of transactions you have done on your Card account

Date Transaction Amount
10-Apr Purchase of household goods Rs 15,000/-
15-Apr Pruchase of garments and accessories Rs 5,000/-
18-Apr Total Amount Due Rs 20,000/-
Minimum Amount Due Rs 1,000/-
12-May Payment into Card Rs 2,000/- (Credit) (Late payment charges will be applicable here)
14-May Pruchase of groceris Rs 1,000/-
15-May Payment into Card Rs 15,000/- (Credit)

Thus,   on   the  statement  dated  18th   May,  the following  will reflect as the components of the total amount payable by you:

Interest calculated= (outstanding amount x 3.49%  pm x 12 months x no of days)/ 365

Late payment charges = Rs 500/-
Therefore,
a) Interest on Rs 15000@ 3.49%pm from 19 April to 11 May (i.e. for23 days)= Rs 395.85
Interest on Rs 13000 @3.49%pm from 12 May to 14May (i.e. for 3days) = Rs 44.75
Interest on Rs 5000@3.49%pm from 19April to 14 May(i.e.for26days)= Rs 149.16

Interest on Rs 3000@3.49%pm from 15 May to 18 May (i.e. for4 days)= Rs 13.77

Interest on Rs 1000 (fresh spends @ 3.49%pm from 14 May to 18 May (i.e. for 5 days)= Rs 5.74
Thus total interest of Rs 609.27
b) Late payment charges=Rs. 500
c) Service Tax @14%, Swach Bharat Cess
@ 0.5%, and Krishi Kalyan Cess @ 0.5%, on interest and other charges = Rs 166.39
d) Total principal amount outstanding = Rs 4000 (Rs 1000 fresh spend + balance Rs 3000 outstanding from last month’s billing period)
Hence Total Amount Due= (a) +(b) + (c) + (d)
= Rs 5275.7

What is the Annualised Percentage Rate for this card ?

The Annualised percentage rate for HDFC Regalia Credit Card is 41.88% per annum i.e., 3.49% per month.

What is the interest-free (Grace) period for this card ?

Interest-free (Grace) period for HDFC Regalia Credit Card is 50 days.

How is the interest calculated for this card ?

Interest calculated is given by the formula (outstanding amount x 3.49% pm x 12 months x no of days)/ 365

Is Balance transfer & EMI facilities available on this card ?

Yes, You can transfer your outstanding balance on your existing Credit Card to HDFC Bank.

Frequently Asked Questions

How do I contact customer care ?

You may contact customer care for Regalia and Regalia first credit cards through toll free number 1800 209 4006 or email membersupport@hdfcbankregalia.com for Regalia and membersupportfirst@hdfcbankregalia.com for Regalia first cards respectively.

How do I check the status of my credit card application?

You can check the status of your credit card application, by contacting the customer care.

What are the merchant categories wherein the Chip card can be used?
The Chip card can be used across all merchant categories be it for Movie tickets, Travel, Shopping, Apparels, online, etc. It can be used like a normal credit card.
Can Chip Credit cards be used anywhere?

Yes, your HDFC Bank Chip Credit card can be used anywhere in the world wherever Visa/MasterCard are accepted.

At a chip-enabled terminal, you can insert your Chip card into a POS Terminal. If you are using your Chip card at a location that does not have a chip-enabled terminal, your card will be swiped and the transaction will be completed with your signature as in case of a regular card transaction.
How do I make a payment for a Chip Card?

You can make a payment for a Chip Card by cash, cheque, at the ATM or on NetBanking, etc. The process is the same as in the case of a regular card.
Which outlets have a chip terminal?

Most of the merchants have chip enabled terminals. In case the merchants don’t have chip enabled terminal, the card can be swiped and transacted.
How do I use a Chip Card?

A merchant has to tap the card in the POS terminal as opposed to swiping the card.

Can HDFC Bank Chip cards be used as a normal Swipe card?

Your HDFC Bank Chip contains the regular magnetic strip in addition to the embedded micro-chip.

What are the benefits of a Chip Card?

A Chip Card is a Credit Card with an embedded microchip. The Chip is encrypted and provides enhanced security and protection to help guard against fraudulent transactions. When you use your Chip Card at stores or restaurants that have Chip-enabled terminals and at ATMs,the system validates the Chip ensuring security of your transaction.

Does HDFC Bank’s Chip Card contain a magnetic strip?

Yes it does. This is because it will take time for all stores and restaurants to be set up with chip-enabled terminals. So to ensure your HDFC Bank Chip Card continues to be accepted everywhere, it contains a magnetic strip in addition to the chip.

Can a chip card be used for online transactions?

Yes the chip card can be used for online transactions, the card has to be registered for ‘Verified by Visa’/’MasterCard SecureCode’ which ensures safe online transactions after which the card can be used online.

What in case the card is lost / Stolen?

You have to call the Credit Cards Customer Service, and report for stolen or lost card. Other services like change of contact number, address, etc can also be done through Customer Service. You can also log into your NetBanking account and report about lost or stolen card.

Further if you happen to recover the card after having reported it lost, please do not use it. Cut it into 4 pieces diagonally and ensure you cut across chip embedded in the card.

How to redeem the reward points?

Points accumulated on the card can be redeemed as CashBack (1 Point = Re.1) basis request form available at form center. Please read the T&C carefully before sending the duly filled cash back redemption form to our Chennai address.
Request can be made through Net Banking after logging to your account. Cards–> Enquire –> Redeem Reward Points –> Cash Redemption
Redemption will happen in multiples of Rs 500