HDFC Regalia Gold
MidHDFC Bank
Where it ranks · across all 71 cards
Devaluation history
- 2026-05-01 - Base rate cut 1.33%→1.25%. Lounge now needs ₹60K/quarter.
What a point is worth
Earning 5 pts / ₹200, the same point pays very differently by redemption path:
| Redemption path | Per point | Effective on spends |
|---|---|---|
| Partner transfersbest: Accor ALL (Live Limitless) at 3:1 (ceiling 1.5%) | ₹0.53-₹0.60 | 1.33% |
| Bank travel portal | ₹0.5 | 1.25% |
| Vouchers / catalogue | ₹0.35 | 0.87% |
| Statement credit | ₹0.2 | 0.50% |
SmartBuy travel ₹0.5/pt (bank page); vouchers ₹0.35; cashback ₹0.2. Rankings across KaunsaCard use a single conservative value (₹0.5/pt = 1.25%); transfer ceilings assume premium-cabin awards and are never used to rank.
Reward rules
Points valued at ₹0.5/pt - conservative, what rankings use · transfers reach up to ₹0.60/pt via Accor ALL (Live Limitless) at 3:1
Base rate - everything not covered below
5 pts / ₹200= 2.5 pts per ₹100
1.3-1.5%
value range by redemption
5X partner merchants (Myntra/Nykaa/Reliance Digital)
25 pts / ₹200= 12.5 pts per ₹100
6.3-7.5%
value range by redemption
Source: HDFC Regalia Gold T&C · 2026-08-20
Base rate, but capped - these categories earn normally up to a monthly ceiling
Via portals & vouchers - alternate methods (display, never rank)
- ✈ SmartBuy flights 5X6.3%via smartbuy4,000 RP/month SmartBuy group cap shared (+2,000/day; SB table never names Regalia Gold - group value assumed)src ↗
SmartBuy bonus points capped ~5,000 RP/month for Regalia tier (portal-stated; confirm in SmartBuy).
- ✈ SmartBuy hotels 10X12.5%
Shares the Regalia-tier SmartBuy monthly bonus cap.
- 🎟 SmartBuy gift vouchers 5X (capped Jul 2026)6.3%
Gyftr lists Regalia/Regalia Gold at up to 5X with a 4,000-pt monthly voucher cap (₹2,000 at RG’s ₹0.5/pt).
Milestones
₹1,50,000 / quarter
₹1,500 Myntra/Nykaa vouchers per ₹1.5L quarter
worth ≈ ₹1,500
₹5,00,000 / year
₹5,000 flight vouchers at ₹5L
worth ≈ ₹5,000
₹7,50,000 / year
+₹5,000 flight vouchers at ₹7.5L
worth ≈ ₹5,000
Transfer partners
HDFC Reward Points (Regalia tier) - what 10,000 points become. Full matrix with live amounts on the Transfers page.
| Partner | Ratio | 10,000 pts → | ≈ value |
|---|---|---|---|
| Accor ALL (Live Limitless)2:1 stated in the bank Rewards Program T&C (eff. Jan 2024). | 3:1 | 3,333 | ₹5,333-₹5,999 |
| Singapore Airlines KrisFlyerPortal-gated: verify in SmartBuy before transferring. | 2:1 | 5,000 | ₹4,000-₹12,500 |
| Air France-KLM Flying BluePortal-gated: verify in SmartBuy before transferring. | 2:1 | 5,000 | ₹3,500-₹10,000 |
| Finnair Plus (Avios)Portal-gated: verify in SmartBuy before transferring. | 2:1 | 5,000 | ₹3,500-₹9,000 |
| Club ITCPortal-gated: verify in SmartBuy before transferring. | 3:1 | 3,333 | ₹3,000-₹3,666 |
| Air Canada AeroplanPortal-gated: verify in SmartBuy before transferring. | 3:1 | 3,333 | ₹2,666-₹7,333 |
| Wyndham RewardsPortal-gated: verify in SmartBuy before transferring. | 2:1 | 5,000 | ₹2,500-₹3,500 |
| British Airways Executive Club (Avios)Portal-gated: verify in SmartBuy before transferring. | 3:1 | 3,333 | ₹2,333-₹5,999 |
Regalia-tier cards transfer at roughly half the Infinia rate: 2:1 on the good tier, 3:1 on the rest. SmartBuy transfer redemptions capped 1,50,000 RP/calendar month (bank T&C). Menu lives inside SmartBuy (login) - always confirm in-portal.
Earns nothing on
- ⊘ Fuel earns 0 points (surcharge waiver only). HDFC publishes NO exclusion MCC codes - categories only (MITC + card rewards T&C).
- ⊘ Rent and property-management payments earn 0 points (w.e.f. 1 Jan 2023).
- ⊘ Government transactions earn 0 points (w.e.f. 1 Jan 2023).
- ⊘ E-wallet loading earns nothing; accrued points reversed.
- ⊘ Education via third-party apps (CRED, Cheq, MobiKwik etc) earns nothing since 1 Sep 2024; paying the school/college directly DOES earn.
- ⊘ Online skill-based gaming earns nothing (w.e.f. 1 Jul 2025).
- ⊘ EasyEMI/SmartEMI excluded; points reversed on EMI conversion.
Plays with this card
- 🎟️ SmartBuy voucher laddering - buy your shopping money at 5X
Buy Amazon/Flipkart/Croma vouchers on SmartBuy at 5X points first, then shop with the vouchers. You earn accelerated points on spends that would otherwise earn base rate.
Infinia: bonus (20/₹150) sub-capped at 3,000 pts/month → full 5X on the first ₹22,500 of vouchers = 16.7% at ₹1/pt, base 3.3% beyond. Regalia Gold: 6.7% on ~₹28,000. Diners Black is now only 3X (10%) - a printed asymmetry where Regalia beats DCB on vouchers.
- 📚 School fees direct, never via apps - the education split HDFC prints
HDFC kills education points ONLY when paid through third-party apps (CRED, Cheq, MobiKwik). The school or college website / POS earns full points - the bank prints this distinction.
₹2,00,000/year tuition on Infinia direct → 6,666 pts → ₹6,666 at ₹1/pt vs ₹0 minus ₹2,000 fee via an app: a ₹8,666 swing.
- 🏨 SmartBuy hotels 10X - the number one play in India right now
Hotels booked through SmartBuy earn 10X - on Infinia that is 33% back at ₹1/pt, printed in the portal T&C with worked examples. Flights earn 5X (16.7%). This survived the Jul 2026 voucher nerf untouched.
Infinia: ₹50,000 hotel → ~15,000 pts → ₹15,000 at ₹1/pt = 33.3% (the bank T&C itself shows this example). Regalia Gold: 13.3% at ₹0.5/pt, cap exhausts near ₹16,700.
- 📱 iPhone at 5X via Apple Imagine Tresor on SmartBuy
Apple products bought through the SmartBuy Apple Imagine Tresor tab earn 5X - and it is a SEPARATE category from vouchers, so the 3,000-pt voucher sub-cap does not apply. Diners Black gets only 3X here.
iPhone ₹89,900 on Infinia → ~14,980 pts ≈ ₹14,980 at ₹1/pt = 16.7% back, fitting inside the 15,000 monthly cap.
- 💊 The niche 10X aisles: Pharmeasy, IGP, Jockey - 33% on medicines
The SmartBuy matrix quietly lists 10X on Pharmeasy, IGP.com and Jockey for ALL tiers - on Infinia that is 33% back on medicines, one of the strangest printed sweet spots in the market.
₹3,000/month of medicines on Infinia → 1,000 pts → ₹1,000 = 33%; ₹12,000/year of value from a chronic-prescription household.