HDFC Regalia First Card: Would This Card Fit Your Spending Needs?

HDFC Regalia First Card: Would This Card Fit Your Spending Needs?

A Solid Card for Frequent SmartBuy Users

Good for

  • SmartBuy, Amazon & Flipcart shoppers
  • Domestic travellers

Bad for

  • Consumers looking for a general spending card
  • Consumers who travel internationally

Editor's Rating

4.0/5.0

The HDFC Bank Regalia First Card is a solid option for individuals seeking a travel card, especially for domestic flight bookings made through the HDFC SmartBuy platform. The card earns a rewards rate of 8% (40 points per Rs 150 spent, 1 points = Rs. 0.3), which consumers can utilize on domestic travel or Amazon and Flipkart. Additionally, the Regalia First Card offers a sign-up bonus and provides higher spenders with the opportunity to increase their points earned with an excellent promotion achieved after surpassing certain spend limits.

However, the card offers a lower rewards rate of 0.80% (4 points per Rs. 150, 1 point = Rs. 0.3) on general spends. As a result, the card is most suitable for those that frequently use the SmartBuy platform for domestic travel and shopping.

ProsCons
  • 8% rewards rate on SmartBuy
  • 3 international airport lounge access per year
  • 8 domestic airport lounge access per year
  • 0.80% rewards rate on general spending
Promotions:
  • Sign-up Bonus: 1,000 reward points
  • Renewal Benefit: 1,000 Reward Points
  • Anniversary Bonus: Get 7,500 bonus points every year on spends of ₹ 6 lakhs, get 5,000 points every year on spends of ₹ 3 lakhs
Card Overview
Pros:
  • 8% rewards rate on SmartBuy
  • 3 international airport lounge access per year
  • 8 domestic airport lounge access per year
Cons:
  • 0.80% rewards rate on general spending
Promotions:
  • Sign-up Bonus: 1,000 reward points
  • Renewal Benefit: 1,000 Reward Points
  • Anniversary Bonus: Get 7,500 bonus points every year on spends of ₹ 6 lakhs, get 5,000 points every year on spends of ₹ 3 lakhs

What Makes HDFC Bank Regalia First Card Stand Out?

For consumers that frequently spend on the SmartBuy platform, the HDFC Bank Regalia First Credit Card is an excellent card to have. For instance, the card earns a great 8% rewards rate (40 points per Rs 150 spent, 1 points = Rs. 0.3) on SmartBuy spending. The SmartBuy platform allows consumers to spend on Amazon, Flipkart or domestic travel. Further, the card offers an opportunity to increase their annual rewards for high spenders that can surpass a certain spending threshold. For all cardholders; however, the card also offers a good sign-up bonus that helps cover the waivable Rs. 1,000 annual fee.

In terms of travel perks, the card offers cardholders with 3 international and 8 domestic airport lounge visits per year. The downside of this card; however, is that on general spending, the card earns a lower 0.80% rewards rate (4 points per Rs. 150, 1 point = Rs. 0.3). Therefore, consumers who prefer to use SmartBuy for shopping and booking domestic travels would be best suited for the HDFC Bank Regalia First Card.

How Does the HDFC Bank Regalia First Rewards Programme Work?

The HDFC Bank Regalia First Card rewards program is a point based where cardholders earn elevated rewards on HDFC SmartBuy purchases. The card earns 40 points per Rs. 150 spent on SmartBuy spending. The card also earns 4 points per Rs. 150 on general spending. The redemption rate for the rewards is 1 point = Rs. 0.30. Points expire 2 years from the date of accumulation.

  • 40 points per Rs. 150 spent on SmartBuy spending
  • 4 points per Rs. 150 on general spending
  • Rewards redemption rate: 1 point = Rs. 0.30

HDFC Bank Regalia First Credit Card's Features and Benefits:

Card Overview
  • Joining Fee: Rs. 1,000
  • Annual Fee: Rs. 1,000 (waivable after prior annual spends of Rs. 100,000)
  • Income Requirement: Rs. 480,000 (Rs. 500,000 if self-employed)
  • Age Requirement: 21-60 (65 if self-employed)
Rewards Rate Details
  • 8% rewards rate on SmartBuy
  • 0.80% rewards rate on general spending
Benefits & Perks
  • 3 international airport lounge access per year
  • 8 domestic airport lounge access per year
Promotions:
  • Sign-up Bonus: 1,000 reward points
  • Renewal Benefit: 1,000 Reward Points
  • Anniversary Bonus: Get 7,500 bonus points every year on spends of ₹ 6 lakhs, get 5,000 points every year on spends of ₹ 3 lakhs

How Does the HDFC Bank Regalia First Credit Card Compare Against Other Cards?

The HDFC Bank Regalia First Card is a great credit card to use on the HDFC SmartBuy platform that consumers can go on to purchase goods on Amazon and Flipkart. Consumers can also book their domestic flights from the platform.

Read our comparisons of the HDFC Bank Regalia First Credit Card:

Graph showing India’s Best HDFC Cards for Consumers Spending approximately Rs. 47,000 per month

HDFC Bank Regalia First Card vs. HDFC Bank Regalia Card

Consider this if you are a loyal customer of HDFC Bank and want a points card with travel benefits

Age Requirement 21-60 (65 if self-employed)
Annual Income Requirement Rs. 1,440,000 (Rs. 1,200,000 if self employed)

The HDFC Bank Regalia Card is a great option for consumers seeking a credit card with travel benefits. The card earns a solid 1.33% rewards rate (4 points per Rs. 150 spent, 1 point = Rs. 0.5) on all spending categories, making it more attractive than the Regalia First Card's 0.80%. The Regalia First Card also offers more in terms of airport lounge access with 6 international airport lounge visits and 12 domestic airport lounge visits per year, whereas the Regalia first offers 3 and 8 visits, respectively. However, the Regalia First Card offers elevated rates on the HDFC SmartBuy platform, which allows cardholders to receive an 8% rewards rate on Amazon, Flipkart and domestic travel spends. As a result, if you are interested in a card that offers a solid overall rewards rate with great airport lounge access, the Regalia Card would be a good fit for you. However, if you frequently spend on the SmartBuy platform, then the Regalia First may suit you better.

HDFC Bank Regalia First Card vs. Citibank Rewards Card

Consider this if you are interested in the best "no-fee" card for shopping

Age Requirement None listed by issuer
Annual Income Requirement None listed by issuer

The Citibank Rewards Card is essentially a no-fee card (Rs. 1,000 annual fee waived after annual spends of Rs. 30,000) and is best suited for those exclusively looking for a retail shopping card. This is due to the solid 2.80% rewards rate (10 points per Rs. 125 spent; 1 point = Rs. 0.35) on retail spending. Although the Regalia First Card does not offer competitive retail rewards, it does offer an elevated rewards rate for the HDFC SmartBuy platform where cardholders receive an 8% rewards rate on Amazon, Flipkart and domestic travel spends. Notably, both cards offer lower rewards for general spending, though the Regalia First Card offers a higher rate (0.80%) than the Citi Rewards Card (0.28%). Due to these factors, we recommend the Citi Rewards Card for consumers interested in an effectively no-fee credit card for retail spending, whereas we would recommend the Regalia First Card to consumers interested in a card for SmartBuy.

HDFC Bank Regalia First Card vs. SBI Card Prime

Consider this if you are interested in the best credit card for utility bill payments

Age Requirement None listed by issuer
Annual Income Requirement None listed by issuer

The SBI Card PRIME is a great credit card to use on utility bill payments. For example, the Prime Card earns the highest in the market for utility bill payments (5%; 20 points per Rs. 100 spent; 4 points = Rs. 1). Additionally, the card earns 2.50% (10 points per Rs. 100 spent) on general dining, groceries, department stores and movie spends—adding in a versatile set of rewards for the cardholder to benefit from. These are all competitive rates; however, they are not as high as the elevated 8% offered by the Regalia First Card on the HDFC SmartBuy platform, which can be applied to Amazon, Flipkart and domestic travel spends. Further, the Regalia first offers 3 international airport lounge visits and 8 domestic airport lounge visits per year. If you are interested in a card primarily for utility bill payments then the Prime Card is a great fit for you; however, if you use SmartBuy and travel domestically often, the Regalia First is a good option.

Sahmi Chowdhury

Sahmi is a Junior Research Analyst specialising in credit cards and insurance in India. He previously worked in the financial services sector at Brown Brothers Harriman and True Capital Management.