HDFC Bank has recently announced significant changes to its Business Regalia Credit Card, effective April 1, 2025. These adjustments primarily involve a devaluation of the card’s benefits, impacting both existing and prospective cardholders.
Key Changes:
- Reward Points Accrual: The rate at which cardholders earn reward points has been reduced. Previously, users earned a higher rate per spend, but under the new structure, fewer points will be accumulated for the same expenditure.
- Travel Benefits: Complimentary airport lounge access, which was a notable perk of the Business Regalia Credit Card, has been curtailed. The number of free lounge visits per year has been decreased, affecting frequent travelers who relied on this benefit.
- Foreign Exchange Markup: The foreign currency markup fee has been increased, making international transactions more expensive for cardholders. This change is particularly relevant for those who frequently engage in overseas spending.
These revisions align with a broader trend in the credit card industry, where issuers are reassessing and modifying their offerings. For instance, the Club Vistara SBI Credit Cards have also undergone devaluation effective April 2025, indicating a market-wide shift in credit card benefits.