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Business Regalia First Credit Card by HDFC Bank

by Kshitiz V Sharma on

The Bottom Line

Business Regalia First Credit Card
Great choice for Self-Employed Customers

4 Reward points / ₹150 on all spending and 5% cashback on utility bills, Govt. payments, railway & hotels bookings, dining & taxi bills with a monthly cap ₹500.

Monthly Spend ₹5K ₹10K ₹20K ₹50K ₹100K
Net Reward Yield 0.1% 2.0% 2.0% 2.6% 2.2%
Est. Monthly Reward (₹) 5 195 405 1,285 2,235
All-India Rewards Rank* 144 8 10 6 13
Within Bank Rank* 22 4 3 3 2
* Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here.

The Business Regalia First Credit Card offers an effective reward of 0.8% on all spending and 5% cashback on utility bills, Govt. payments, railway & hotels bookings, dining & taxi bills with a monthly cap ₹500.

Overall, including the value of milestone rewards, we estimate you can earn a net reward yield of 2-2.6% if you spend more than ₹10,000 a month with this card.

The Business Regalia First is only available to self-employed customers and business owners with annual ITR above ₹7.2 lacs.

The HDFC Bank Millennia Credit Card is the best choice for HDFC Bank customers who charge between ₹10,000 – 50,000 a month on their card. The Millennia has a net reward yield of 2.3-2.7% in that range.

The Millennia is only available for customers under 40 years of age. If you’re not eligible for the Millennia, consider the Paytm HDFC Bank SELECT Credit Card, which has net reward yield of 1.5-1.8%.

High spenders looking for an HDFC Bank credit card should choose the 6E Rewards XL – Indigo HDFC Bank Credit Card instead, which has a yield of 2.2% for monthly spending >₹50,000 a month.

If you spend less than ₹10,000 a month on your card, consider the Bharat Credit Card with a net yield of 1.9-2.4%.

Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.


The Rewards

Card Business Regalia First Credit Card
Card Type Reward + Cashback
Reward/Cashback Features 4 Reward points/ ₹150 on all spends

5% Cashback on:
– Telecom.
– Electricity
– Government/Tax
– Railway
– Hotels
– Dining
– Taxi

Milestone Rewards – 5,000 Reward Points on annual spends of ₹3Lacs

– 7,500 Reward Points on annual spends of ₹6Lacs

Other Rewards – Complimentary Priority Pass Membership

– 2 Complimentary Domestic Airport Lounge Visits / Qtr

Rewards Redemption Fee ₹99
Reward Caps – 2,000 reward points on grocery transaction

– ₹500 per statement on Telecom, Electricity, Government/Tax, Railway, Hotels & Dining and Taxi

Preferred Redemption Method Redeem Reward Points instantly against airline ticket booking hotel booking @ ₹0.30 / reward point


Fees & Charges

Card Business Regalia First Credit Card
Joining Fee ₹1,000 + Taxes
Annual Fee ₹1,000 + Taxes
Min. Annual Credit Card Spend
for Fee Waiver
₹1 Lacs
Income Criteria Salaried N/A
Self-employed ITR>₹7.2 Lacs
Supplementary Card Fee Free
Interest Rate 41.90%
Foreign Currency Markup 2.00%
Cash Advance Charge 2.50% with a minimum of ₹500

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