HDFC has added two new variants of Regalia called Regalia First and Doctor’s Regalia recently to their physical application form which i noticed last week by mid July 2016. This new card is added as soon as Allmiles card got devalued recently. They have to differentiate Allmiles and Regalia First which is the whole reason for Allmiles devaluation. Wondering what HDFC is actually trying to do by doing this. Maybe they don’t want many people to get hands on with the original Regalia. Lets dive into the details..
HDFC Regalia First Rewards and Benefits:
There is no change in point earning rate but the point value is way too low (Rs. 0.40 per point) whereas original regalia point value is Rs.0.75
- Normal reward points (4 RP for Rs.150
- Accelerated reward points (8 RP for Rs.150)
- 1 Reward point = Rs. 0.40
While the reward points remains same, the major difference i see is in the Priority pass lounge access limit and reward point value. The original regalia card has 12 Free access whereas Regalia first has only 4 Free access which is same with Allmiles.
Features of Regalia Credit Card:
- CardExpert Rating: 7/10
- Reward rate: ~1% normally, upto ~2% on accelerated rewards
- Accelerated Rewards: You can earn 2X Reward points on dining, selected air bookings and for purchases done on regalia website.
- Complementary Airport lounge access: Yes, up to 4 free accesses to the Priority Pass lounges every year & 2 Lounge access per quarter through MasterCard Lounge or Visa Lounge Program
- Fuel Surcharge Waiver: 0% surcharge (Minimum transaction of INR 400. Maximum cash back of INR 500 per statement cycle)
- Foreign Exchange Markup fee: 2% + Service Tax (Best Credit Card for Foreign travel)
- Special Features: Better Markup Fee, Better Rewards
- Insurance Coverage: Air accident compensation of Rs. 50 Lakhs, Protection worth up to Rs. 10 lakhs against any medical emergency when you are traveling outside India.
- Personal Concierge Service: Global Concierge Assistance for all your travel & other needs. Its kind of virtual assistant service over phone. (I’ve tried, its kind of useless)
Its hard to differentiate Regalia First & Allmiles Card. While the reward rate through points remain same 1%, the difference is better forex markup fee, insurance and also Mastercard lounge access is not yet revoked for Regalia range of cards i guess.
Overall, you get a Premium feel in just ‘looks’ with half the benefits compared to its original version, especially in lounge access and point value. If you hold Allmiles or Moneyback credit card, you can give a try to upgrade to Regalia First and i’m sure they won’t be having any strict rules to issue this card.
What do you think about this unwanted version of Regalia? Makes any sense? Do share your views below.