Regalia vs Regalia Gold
The reward rate on both the cards are the same, but the Regalia Gold has partner brands Myntra, Nykaa, Reliance Digital, etc. on which you get 5x reward points.
The Regalia Gold has better milestone benefits and even offers complimentary flight vouchers on achieving the target spend amount. The milestone benefits offer an extra return of 2.1% on the Regalia Gold at a lesser spend of Rs 7.5 Lakh in a membership year. Regalia’s milestone add up to a bonus return of just 0.94% on spends. So, if you are a high spender then Regalia Gold is a better choice.
Regalia Gold credit cards offer 12 complimentary domestic and 6 complimentary international lounge access to cardholders. Starting from 1 December 2023, HDFC Bank Regalia Credit Cardholders will be eligible for 8 complimentary domestic and 6 international lounge accesses each on quarterly spending of Rs 1 lakh.
The Regalia card offers bonus 10,000 reward points on spending Rs 5 lakh in the anniversary year. You get an additional 5000 reward points on spends of Rs 8 lakhs or above in the previous year. The Regalia Gold Credit Card offers Rs. 1500 worth of gift vouchers from Marriott, Myntra, M&S, and Reliance Digital on spending Rs 1.5 lakh or more every calendar quarter. You also get Rs 5,000 worth of flight vouchers when you spend Rs 5 lakh in a card anniversary year.
Moreover, Regalia Gold credit card gives you access to the Exclusive Gold Catalog where you can redeem your points for Apple, Samsung and other products at 0.65 Re/pt, which the Regalia card does not offer. Regalia Gold also gives you access to new mile transfer partners like Aeroplan and LifeMiles, which Regalia does not.
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But how does Regalia Gold compare with the Axis Magnus?
Source: Paisabazaar
Consumers who are eligible for both the cards must assess their spending habits, preferences and their inclination towards premium privileges, to make the right choice between the two.
“HDFC Regalia Gold can be a suitable option for moderate spenders who can manage spending up to Rs. 7.5 lakh in a year, as they would be able to maximize its milestone benefit as well as avail fee waiver. The card offers additional benefits on brands like Marks & Spencer, Myntra, Reliance Digital, and Nykaa, covering major lifestyle spend categories. Magnus, on the other hand, comes with extensive benefits across multiple categories like shopping, travel, movies, dining, health & wellness, etc. along with some premium features like unlimited international and domestic lounge visits, VIP assistance at airports, etc. Magnus also holds great value for high spenders who can spend around Rs. 2 Lakh a month to make the most of its benefits,” explained Rohit Chhibbar, Head of Credit Cards Business, Paisabazaar.
As a cardholder, you should stay informed and prepared for such a devaluation.
“When a credit card is devalued, you must re-assess if the updated features align well with your spending patterns. If not, you may look at alternative credit cards that would provide better value. However, while evaluating other credit cards, it is important to ensure that the other card fits your spending patterns better and would provide a significantly higher value than the devalued card,” said Chhibbar.
For instance, the devaluation on Axis Magnus could be a concern for those who opted for the card to save a substantial amount on their travel spends as Axis Bank discontinued the monthly milestone benefit and reduced the points-to-miles redemption ratio from 5:4 to 5:2.
“If the revised travel benefits on Axis Magnus make it difficult for you to maximize its value, you can consider other premium cards like HDFC Diners Club Black or Axis Atlas Credit Card, that offer 1:1 redemption on airlines along with added benefits like international lounge access, airport meet and greet service, etc. HDFC Infinia also offers 1:1 redemption value along with premium travel benefits like complimentary hotel stay, low forex markup, etc. However, it is an invite-only card and not everyone would qualify for it,” explained Chibbar.
Axis Magnus can still be considered a good ‘all-round premium credit card’, giving considerable savings across multiple categories like health, dining, movies, travel, rewards, etc. So, high-spenders looking for a premium card with multi-faceted benefits could continue using it.