Should I update my HDFC credit card

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Deal Subedar
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Have an HDFC moneyback credit card. HDFC is offering upgrade to Regalia first Card. Is it beneficial?

30 Comments  |  
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If your spends are >1lac in a year then go for upgrade.
Lounge access extra in Regalia First.
IMO, better to upgrade as in the long run you can upgrade to premium cards like diners, infinia…

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caks2006407 wrote:

If your spends are >1lac in a year then go for upgrade.
Lounge access extra in Regalia First.
IMO, better to upgrade as in the long run you can upgrade to premium cards like diners, infinia…

Agree… Conversion rate is same except for travel bookings, so redeem the points on your money back card first

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caks2006407 wrote:

If your spends are >1lac in a year then go for upgrade.
Lounge access extra in Regalia First.
IMO, better to upgrade as in the long run you can upgrade to premium cards like diners, infinia…

If yearly spends below 1 lac, then there will be a fee of Rs. 1000. It’s not life time free like moneyback card.

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Deal Subedar
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I am thinking of applying for another card and have yearly spends of around 1 lac. So its very probable that I will have to pay 1000 for regalia every year. Is it worth in that case? @caks2006407 @Rdb1947 @asen

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adrishya wrote:

I am thinking of applying for another card and have yearly spends of around 1 lac. So its very probable that I will have to pay 1000 for regalia every year. Is it worth in that case? @caks2006407 @Rdb1947 @asen

You should not upgrade for this card. It will be a burden for you to spend 1 lac every year. I too got this offer for Upgrade to Regalia First. Until or unless HDFC making it life time free, I am not going to upgrade.

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adrishya wrote:

I am thinking of applying for another card and have yearly spends of around 1 lac. So its very probable that I will have to pay 1000 for regalia every year. Is it worth in that case? @caks2006407 @Rdb1947 @asen

Relationship with HDFC is worth maintaining, even if it costs 1k/2k an year.
Its also possible that your income+spends go up well above 1lac next year.
So go for upgrade.
Why hold 2 cards from same bank when spends are only around 1lac? just keep best one!

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caks2006407 wrote:

Relationship with HDFC is worth maintaining, even if it costs 1k/2k an year.
Its also possible that your income+spends go up well above 1lac next year.
So go for upgrade.
Why hold 2 cards from same bank when spends are only around 1lac? just keep best one!

Its not income+spends, you have to spend 1 lacs+ using that card to get your fees of Rs. 1000 waived off for the year.
And he is already holding a Moneyback card with HDFC, which is life time free. Why loose that card for upgrading to Regila First which is not LTF card.

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caks2006407 wrote:

Relationship with HDFC is worth maintaining, even if it costs 1k/2k an year.
Its also possible that your income+spends go up well above 1lac next year.
So go for upgrade.
Why hold 2 cards from same bank when spends are only around 1lac? just keep best one!

Not another HDFC card. Probably amex or paytm first card

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adrishya wrote:

Not another HDFC card. Probably amex or paytm first card

they might have annual fees..try for Amazon Pay ICICI card.

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adrishya wrote:

Not another HDFC card. Probably amex or paytm first card

You can go for SBI SimplyCLICK card as well. It’s a very good card and better than Paytm First card. Amex MRCC card is also very good card. Personally holding them.

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aswaniexpress wrote:

they might have annual fees..try for Amazon Pay ICICI card.

Not available for me in the app. Can I apply seperately from ICICI website?

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Go for it with eyes closed. Better in all aspects.

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adrishya wrote:

Not available for me in the app. Can I apply seperately from ICICI website?

NO..apply only through amazon …wait till it available for you,.
Even I am also waiting for it.

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asen wrote:

You can go for SBI SimplyCLICK card as well. It’s a very good card and better than Paytm First card. Amex MRCC card is also very good card. Personally holding them.

how much is each reward point worth for SBI?

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How do you get to know that its 1000 and not life time free? Does it say first year free only on the upgrade page?

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i thought you could add a biller in smartuy or take an add on card and make it ltf

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schumacher wrote:

How do you get to know that its 1000 and not life time free? Does it say first year free only on the upgrade page?

It is displaying in the Upgrade page Rs. 1000 fee after 1st year.

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schumacher wrote:

i thought you could add a biller in smartuy or take an add on card and make it ltf

That offer is not here. I confirmed it with customer care.

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schumacher wrote:

How do you get to know that its 1000 and not life time free? Does it say first year free only on the upgrade page?

Its not first year free as well. mentions 1000 yearly fees

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adrishya wrote:

how much is each reward point worth for SBI?

SBI SimplyCLICK gives you 1.25% cashback (As Amazon pay gift card) for all online spends and 2.5% cashback (As Amazon pay gift card) at Amazon and other partner websites. There is annual fee of Rs. 500 if your spend below 1.5 lac. But if you pay annual fee, then they will give you Rs. 500 as Amazon voucher.

  • It is good for online purchases. But if you spends mostly offline then it is not for you.
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asen wrote:

SBI SimplyCLICK gives you 1.25% cashback (As Amazon pay gift card) for all online spends and 2.5% cashback (As Amazon pay gift card) at Amazon and other partner websites. There is annual fee of Rs. 500 if your spend below 1 lac. But if you pay annual fee, then they will give you Rs. 500 as Amazon voucher.

  • It is good for online purchases. But if you spends mostly offline then it is not for you.

Corrected.

If you have TMW physical card, then you can load money to TMW wallet using Simply Click & use tmw card at POS. If you don’t have TMW physical you can apply free of cost if you are new user.

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Deal Subedar
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i got my moneyback upgraded to regalia first for LTF and going to hold it so that i can upgrade to Regalia soon.

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tank_u_m8 wrote:

i got my moneyback upgraded to regalia first for LTF and going to hold it so that i can upgrade to Regalia soon.

How did you do it?

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Deal Subedar
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i don’t know, i had no intention of upgrading than suddenly started getting calls from HDFC for free upgrade and they would mention that in every conversation so at last i upgraded to get rid of that, two months later now i am getting calls to increase cc limit.

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tank_u_m8 wrote:

i don’t know, i had no intention of upgrading than suddenly started getting calls from HDFC for free upgrade and they would mention that in every conversation so at last i upgraded to get rid of that, two months later now i am getting calls to increase cc limit.

After how many months/years hdfc offered u credit card upgrade? Mine is too moneyback 4-5 month old! And I doesn’t got any upgrade yet

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tank_u_m8 wrote:

i don’t know, i had no intention of upgrading than suddenly started getting calls from HDFC for free upgrade and they would mention that in every conversation so at last i upgraded to get rid of that, two months later now i am getting calls to increase cc limit.

free upgrade for first year only? They usually do that to get people to move onto cards which have membership. If you really use the features then its useful but to most people it is just a waste. At least for now and here, many people keep track of points and such but in general 90% of those points expire worthless. Even such like airlines know this and sell it to the CC companies at a huge discount of like 25% of cost. They know full well thats like 20% pure profit for them.

When you are working 10 hours a day.. travel for another 2.. Who has time to go through their credit card points and the trouble they make you go through. I can tell you most MNC jobs dont allow you to goof off at work..

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alienteck wrote:

free upgrade for first year only? They usually do that to get people to move onto cards which have membership. If you really use the features then its useful but to most people it is just a waste. At least for now and here, many people keep track of points and such but in general 90% of those points expire worthless. Even such like airlines know this and sell it to the CC companies at a huge discount of like 25% of cost. They know full well thats like 20% pure profit for them.

When you are working 10 hours a day.. travel for another 2.. Who has time to go through their credit card points and the trouble they make you go through. I can tell you most MNC jobs dont allow you to goof off at work..

I did not take this card to get reward points i got this card to get rid of hearing “sir you are getting free upgrade to a better card, it has a better point value and free lounge access and blah blah blah”.
For rewards hdfc smartbuy 10% cb on debit card is enough for me.

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tank_u_m8 wrote:

I did not take this card to get reward points i got this card to get rid of hearing “sir you are getting free upgrade to a better card, it has a better point value and free lounge access and blah blah blah”.
For rewards hdfc smartbuy 10% cb on debit card is enough for me.

I am surprised they have not started sending you cards in the mail.. Its like mission impossible..

If you choose to use our card, you agree to this that and other things.. I got like 20 cards this way. I only applied for 2..

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After how much time HDFC offers card upgrade as i am using it since 9 months didnt get either limit enhancement or card upgrade

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