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HDFC Regalia/Millennia/Regalia First Lounge Access Update

bhavyegoelbhavyegoel is verified member.

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Important update on Lounge Access via HDFC Credit Cards from December 1st, 2023.
HDFC Regalia First
  1. Effective December 1st, 2023, Complimentary lounge access at lounges within and outside India can no longer be availed on Regalia First Card.
HDFC Millennia
  1. To Access Domestic Lounges you need to spend Rs 1 lac in a quarter.
  2. The number of domestic lounge visits on HDFC Millennia reduced to 1 from 2 per quarter
HDFC Regalia
  1. To Access Domestic Lounges you need to spend Rs 1 lac in a quarter.
  2. No condition is applicable for International Lounge access using PP issued with HDFC Regalia
HDFC Regalia Gold
  1. No changes were made.
Looks like another attempt by HDFC Bank to pocket annual fees by making people upgrade to Regalia Gold who are holding LTF HDFC Regalia and HDFC Millennia.
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atleast 75% cut in lounge visitors can be expected after 6 months at the rate at which banks are stopping lounge. Dreamfolk stock to double digit?
No I think it may have reverse impact to Dreamfolk stock, for them revenue will decrease. Free lounge access is provided by Bank, Dreamfolk still get money for the same. With the reduction in lounge usage the revenue will decrease automatically for Dreamfolk.
 
No I think it may have reverse impact to Dreamfolk stock, for them revenue will decrease. Free lounge access is provided by Bank, Dreamfolk still get money for the same. With the reduction in lounge usage the revenue will decrease automatically for Dreamfolk.
He said that only, but you failed to interpret it correctly. 😄

Currently the share price is in 3-digits, but he said it'll come down to 2-digits post this 😃🤣

Just a different way of seeing things.
 
He said that only, but you failed to interpret it correctly. 😄

Currently the share price is in 3-digits, but he said it'll come down to 2-digits post this 😃🤣

Just a different way of seeing things.
Considering majority of the air travel is price sensitive, paid lounge access will be hard to go up.
This may lead DreamFolks and Lounges to offer lower rates to banks to get their numbers up.
 
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