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HDFC Smartbuy Rewards Revised (Terrible news for DCB Holders!)

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Deal Lieutenant
chai_lover


https://cdn0.desidime.com/attachments/photos/737891/medium/20220128_194112.jpg?1643379366

Source: twitter
https://pbs.twimg.com/media/FKMZv-nVgAIHWtY?for...

Confirmed via HDFC RM as well. Shall be updated on portal soon.

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Top Comments
Deal Subedar Deal Subedar
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andromeda wrote:

Considering a retail spend of 10k on amazon.

5% CB would result in 10k*0.05 = 500 INR statement credit

With the new reward structure, it would yield 10k*4*5/150 = 1333 RPs. 4 RPs for every 150, and 5x is the factor.

In case of regalia 0.2 is the factor for redeeming rewards to statement credit,  so 1,333 gives 266INR if we go for statement credit.

@Pikachu_1

also consider that previously we were getting 1x RP +5% cashback now we get only 5x RP.
so in reality we are getting 4x RP in exchange of 5% cb.

Analyst Analyst
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chai_lover wrote:

are points better or worse than the CB?

For Regalia, 1xRP = 0.93% if redeemed for vouchers; So now previously we used to get 5%CB for redirects like Amazon/Gyftr, but now with newer value it will be 5xRP which translates to 4.65%; Hence it’s a devaluation considering these categories; However if you take different category like Hotel (5% vs 10xRP) or Flipkart (1% vs 3xRP), then it’s an enhancement; but to be honest, most of us use smartbuy mainly for amazon and gytr only, hence it’s a bad news for most of us.
@andromeda @Pikachu_1

Deal Cadet Deal Cadet
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Budhe-Baba wrote:

i knew this was going to happen because i got DCB.

whatever i touch gets devalued. Franklin mutual fund, yes bank, ruchi soya, and now DCB. Every single time. Very strange.

plz touch the current govt😉

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Deal Subedar Deal Subedar
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rahuldiwan87608 wrote:

Hi guys,

I have Diners privilege LTF with 9L limit, today only I applied for dual card (Dcb) so now soon I will receive DCB with 5L limit and privilege will remain LTF with 4L limit.

after reading this devaluation and all, I think I should continue with privilege 9L limit and should ask HDFC not to proceed with my DCB request. If the points value is so less then I don’t think it’s a good option to take DCB first year free then end up paying 10k + 1800 gst from second year. Please share your honest opinion. Thank you





my honest opinion:

take the first year free. Then cancel it.. even with the devaluation, you can get 10% with DCB.

Always remember HDFC won’t be running these offers forever.. So most users paying for HDFC cards will anyways surrender, when the card is no longer worth it. Whatever saving you do interim is your profit.

Budding Star Budding Star
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rahuldiwan87608 wrote:

Hi guys,

I have Diners privilege LTF with 9L limit, today only I applied for dual card (Dcb) so now soon I will receive DCB with 5L limit and privilege will remain LTF with 4L limit.

after reading this devaluation and all, I think I should continue with privilege 9L limit and should ask HDFC not to proceed with my DCB request. If the points value is so less then I don’t think it’s a good option to take DCB first year free then end up paying 10k + 1800 gst from second year. Please share your honest opinion. Thank you





Also they might reduce the fee as well for Diners Black considering the devaluation.

Better to take first year free and then use for 11 months and then take a call if you want to pay for it or not.

Cool Cool
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Har taraf andhera hi andhera hai.
Aao mobi ji @vijkap201 ujala kro

Deal Lieutenant Deal Lieutenant
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rahuldiwan87608 wrote:

Hi guys,

I have Diners privilege LTF with 9L limit, today only I applied for dual card (Dcb) so now soon I will receive DCB with 5L limit and privilege will remain LTF with 4L limit.

after reading this devaluation and all, I think I should continue with privilege 9L limit and should ask HDFC not to proceed with my DCB request. If the points value is so less then I don’t think it’s a good option to take DCB first year free then end up paying 10k + 1800 gst from second year. Please share your honest opinion. Thank you





you can probably consider applying for millennia as dual card

Deal Newbie Deal Newbie
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Seinfeld wrote:

my honest opinion:

take the first year free. Then cancel it.. even with the devaluation, you can get 10% with DCB.

Always remember HDFC won’t be running these offers forever.. So most users paying for HDFC cards will anyways surrender, when the card is no longer worth it. Whatever saving you do interim is your profit.

thanks, I have 2 questions here 1. After 1 year downgrade will be possible to Millennia, if not what will happen to my 5L limit? Can it be transferred back to Privilege if i surrender dcb. 





Deal Newbie Deal Newbie
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chai_lover wrote:

you can probably consider applying for millennia as dual card

yeah, that I will do may be next week if I don’t go with DCB. what do you think? Shall I go with DCB 1 yr free for now and then after 11 months downgrade to Millennia. 

Deal Newbie Deal Newbie
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rahulkothu wrote:

Also they might reduce the fee as well for Diners Black considering the devaluation.

Better to take first year free and then use for 11 months and then take a call if you want to pay for it or not.

after 11 months If I surrender this card, this I will loose my 5L limit, that I don’t want, and not sure after 11 months they will downgrade my card to Millennia or not with same limit. 

Deal Lieutenant Deal Lieutenant
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rahuldiwan87608 wrote:

yeah, that I will do may be next week if I don’t go with DCB. what do you think? Shall I go with DCB 1 yr free for now and then after 11 months downgrade to Millennia. 

don’t know bro..i had DCB LTF, have recently got regalia as dual card…now both devalued sob

Deal Subedar Deal Subedar
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chai_lover wrote:

don’t know bro..i had DCB LTF, have recently got regalia as dual card…now both devalued sob

galaxia coming it looks , bro change regalia with milinea much bettr card

Deal Subedar Deal Subedar
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rahuldiwan87608 wrote:

thanks, I have 2 questions here 1. After 1 year downgrade will be possible to Millennia, if not what will happen to my 5L limit? Can it be transferred back to Privilege if i surrender dcb. 





no idea bro, ask your RM about this casually

Deal Subedar Deal Subedar
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Seinfeld wrote:

no idea bro, ask your RM about this casually

Downgrade is not possible in HDFC Bank, only u can do is cancel your card and apply new after 3 months

Cool Cool
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Guys, I’d appreciate your suggestions in this regard. I have the offer to upgrade from Regalia First to Regalia (Paid, with no joining fees, no credit limit increase). I’m still in the middle of sorting out 700+ RP-related issue with them for transactions that took place in September. So, I’d take this as a chance to reconsider if I should go with the upgrade or not, given the upcoming changes for the Regalia card. 

Should I upgrade to Regalia or let go of this offer and wait for the Millennia upgrade offer in the future? 

I have been using Regalia First for the past 2 years and it’s not a LTF card although I didn’t pay any renewal fees.

Deal Newbie Deal Newbie
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shreyu2105 wrote:

Downgrade is not possible in HDFC Bank, only u can do is cancel your card and apply new after 3 months

are you sure? Hdfc manager told me we can downgrade. 

and I still have option not to take dcb as my secondary card. Shall I just cancel it now and apply for Millennia? I am not able to decide what to do? Tomorrow I will get card related verification call then they will proceed. I just don’t want to loose my 5L limit. 

Deal Subedar Deal Subedar
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rahuldiwan87608 wrote:

are you sure? Hdfc manager told me we can downgrade. 

and I still have option not to take dcb as my secondary card. Shall I just cancel it now and apply for Millennia? I am not able to decide what to do? Tomorrow I will get card related verification call then they will proceed. I just don’t want to loose my 5L limit. 

My rm told me that

Deal Captain Deal Captain
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rahuldiwan87608 wrote:

Hi guys,

I have Diners privilege LTF with 9L limit, today only I applied for dual card (Dcb) so now soon I will receive DCB with 5L limit and privilege will remain LTF with 4L limit.

after reading this devaluation and all, I think I should continue with privilege 9L limit and should ask HDFC not to proceed with my DCB request. If the points value is so less then I don’t think it’s a good option to take DCB first year free then end up paying 10k + 1800 gst from second year. Please share your honest opinion. Thank you





They allowing two cards ?

Celeb Celeb
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i dont know where i stand  i have some unique card

I have Diners Millennia Card 

Tech Guru Tech Guru
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chai_lover wrote:

don’t know bro..i had DCB LTF, have recently got regalia as dual card…now both devalued sob

how did you get the dual card?

Deal Subedar Deal Subedar
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Considering all these changes, which HDFC cc/dc is the best? Or are there good alternatives to buy Amazon gv?

Deal Cadet Deal Cadet
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Pikachu_1 wrote:

500 amazon gv is available for 1420 point and  118 redemption fee

from where??

Deal Cadet Deal Cadet
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i redeemed today regalia 18000 points for 4500 amazon gv… 0.25 sob

Deal Newbie Deal Newbie
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Looks like a discussion thread with fake info. That image is also not from Twitter.

Finance Ninja Finance Ninja
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jatin2612 wrote:

i redeemed today regalia 18000 points for 4500 amazon gv… 0.25 sob

How ? I remember 2850 points per 1000 voucher.. which means it should be around 6k easily

Deal Subedar Deal Subedar
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jatin2612 wrote:

i redeemed today regalia 18000 points for 4500 amazon gv… 0.25 sob

I guess you used net banking instead of dedicated regalia portal

Deal Subedar Deal Subedar
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2 weeks back few dimers mentioned in other threads, they got upgrade option from Regalia to Regalia first and Millennia. So this is the reason  smile

Deal Newbie Deal Newbie
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I got an option to upgrade from regalia to Millenia

Deal Cadet Deal Cadet
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akshanu0507850 wrote:

I got an option to upgrade from regalia to Millenia

Wow. This is interesting. It means they’re officially valuing Millenia over Regalia

Earlier Regalia was supposed to be a premium cc below Diners and Infinia.

Pathetic move by HDFC

Deal Cadet Deal Cadet
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I have redeemed Regalia 24K points with 8.5K amazon GV…
Good conversion rate for Regalia to Amazon GV in regalia portal only..

If you redeem in Netbanking it would be disaster..

Deal Subedar Deal Subedar
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Dimer777 wrote:

Looks like a discussion thread with fake info. That image is also not from Twitter.

honestly we will love if you are right.

But the domain is of twitter. Maybe the person who tweeted that image, removed it due to hdfc pressure.

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