Regalia Gold Upgrade from HDFC Regalia Gold to DCB

[kirikumar47]

I got upgraded from Regalia First (LTF) to Regalia Gold (FYF) earlier this year (March'24), have spent close to 2 lakhs as of June

I emailed bank if there is a chance for Infinia, which obviously they declined and on the same email I requested if they could "atleast" convert my card to LTF and my wish was granted

Now the card is LTF.

Since the card is LTF , I have spent another 4 lakhs (not great rewards in comparison to Diners Club black (PVC or Metal) or Infinia)

These are necessary spends and nothing forced

TLDR -- so far spent 6 lakhs and might spend another 2 before end of this year. What are my chances getting DCB plastic or Metal? Will I get an upgrade in net banking portal or do I have to reach out to someone?

Current cash limit -- 6.94 Lakhs INR

I want to hear from people who have successfully Upgraded to DCB or Infinia?

 

[kpdjk]

My wife does not fit the eligibility for Regalia Gold. But she has FD which can be shifted to HDFC to take a card against lein. We can easily spend 5lakhs in the first 6 months (mostly on utilities though).

Is it possible to ask for an upgrade to unsecured DCB against spends on a secured RegaliaGold? Also, does it affect the upgrade decision if most of the spends are in low MDR category like utilities?

 

[TheCoinCollector]

On a related note, I think you may want to not take the fd route at all due to its opportunity cost.
They would ask for FD of around 6 Lakhs.
Let's say FD gives same rate as PPF/NPS i.e. approx.7.5 - 8%. You will be paying around 2.4% tax (8 x 30%) on the fd interest for the first 6 months for RG. Then you will be paying 11800 for DCB AF.
So effectively you have already paid
7200 which is 600,000 x 2.4% while holding the RG for first 6 months
+
14400 which is 600,000 x 2.4% for the next full year while holding DCB
+
11800 which is AF of DCB
Total 33400 for this route instead of parking that 600,000 in tax free PPF!

If you think you will be net positive after this 33400 then you may want to think of this route.

Also, the money is blocked till you have the card. When you want it back, breaking the fd in between while closing the card will cost you 1% penal rate.

Someone can correct my math/calculation here please.

 

[kpdjk]

On a related note, I think you may want to not take the fd route at all due to its opportunity cost.
They would ask for FD of around 6 Lakhs.
Let's say FD gives same rate as PPF/NPS i.e. approx.7.5 - 8%. You will be paying around 2.4% tax (8 x 30%) on the fd interest for the first 6 months for RG. Then you will be paying 11800 for DCB AF.
So effectively you have already paid
7200 which is 600,000 x 2.4% while holding the RG for first 6 months
+
14400 which is 600,000 x 2.4% for the next full year while holding DCB
+
11800 which is AF of DCB
Total 33400 for this route instead of parking that 600,000 in tax free PPF!

If you think you will be net positive after this 33400 then you may want to think of this route.

Also, the money is blocked till you have the card. When you want it back, breaking the fd in between while closing the card will cost you 1% penal rate.

Someone can correct my math/calculation here please.

In my case, the FD is already there. Just need to shift.

 

[iscoopicecreams]

I usually send to the lot adding Imperia Services mail ID too.

What's that mail id?

 

[Kukku]

I have

View attachment 66511

These are prerequisites for the upgrades by HDFC. So if you fall in any above category it should work. But in some cases these might or might not work.

In your case 4 lacs spent and CL above 5L, So DCB Metal should work. Try with HDFC team. But Please note 6 months gap should be maintained for upgrades and LE.

View attachment 66511

These are prerequisites for the upgrades by HDFC. So if you fall in any above category it should work. But in some cases these might or might not work.

In your case 4 lacs spent and CL above 5L, So DCB Metal should work. Try with HDFC team. But Please note 6 months gap should be maintained for upgrades and LE.

I have a small tomato correction. I got upgrade to Regalia gold without any spend. I have rejected FYF offer few times. Waited around one year.

 

[Abhi21]

I have



I have a small tomato correction. I got upgrade to Regalia gold without any spend. I have rejected FYF offer few times. Waited around one year.

Limit? And from Millinnea.. How much old is ur card?

 

[Kukku]

Limit? And from Millennia.. How much old is ur card?

3.6 lakh. We need minimum 3 lak for upgrade. I got my first offer to upgrade for regalia gold a year back. Then I didn't accept the upgrade. this February I got the life time free offer . Grabbed it on the spot. Now Waiting for LE offers.. i didn't spend too much just normal spends. I renewed my Millennia on October 24 and received upgrade Feb 25. Last LE was on April 24

 

[Kukku]

Limit? And from Millinnea.. How much old is ur card?

May be 3 year it was LTF millennia. Stating Credit limit was 80000 or 100000 I don't remember it

 

[Abhi21]

3.6 lakh. We need minimum 3 lak for upgrade. I got my first offer to upgrade for regalia gold a year back. Then I didn't accept the upgrade. this February I got the life time free offer . Grabbed it on the spot. Now Waiting for LE offers.. i didn't spend too much just normal spends. I renewed my Millennia on October 24 and received upgrade Feb 25. Last LE was on April 24

Lucky you and congrats

 

[Kukku]

Limit? And from Millinnea.. How much old is ur card?

May be 3 year it was LTF millennia. Stating Credit limit was 80000 or 100000 i dont

Lucky you and congrats

Be patient.. they will offer eventually. Regalia gold is a new card and some amazing offers like priority pass.. it will take some time to make it a LTF.

 

[aniketkr.sharma]

May be 3 year it was LTF millennia. Stating Credit limit was 80000 or 100000 i dont

Be patient.. they will offer eventually. Regalia gold is a new card and some amazing offers like priority pass.. it will take some time to make it a LTF.

I had it LTF

 

[Kukku]

I had it LTF

What is the limit?

 

[Kukku]

I had it LTF

I am looking for limit increase

 

[aniketkr.sharma]

What is the limit?

12 lacs, upgraded to DCBM FYF Last month

 

[aniketkr.sharma]

I am looking for limit increase

Its too much rare nowadays

 

[Kukku]

12 lacs, upgraded to DCBM FYF Last month

How old is your card

 

[aniketkr.sharma]

How old is your card

If calculated from my first card paytm select hdfc then 3 years 8 months

 

[Abhi21]

May be 3 year it was LTF millennia. Stating Credit limit was 80000 or 100000 i dont

Be patient..

If calculated from my first card paytm select hdfc then 3 years 8 months

So is takes almost 4 years to reach DCBM... Now will take preferred banking route n try get hold of Regalia gold. Should I keep Neu infinity or close it? Cobranded issues with HDFC

 

[aniketkr.sharma]

So is takes almost 4 years to reach DCBM... Now will take preferred banking route n try get hold of Regalia gold. Should I keep Neu infinity or close it? Cobranded issues with HDFC

As far I found yes, they have issues with cobranded as till when I had tata neu infinity ltf in February, they were directly rejecting and in February requested for closure of tata neu infinity and after that in March asked for dcbm they instantly send the form asking for filling up & send them back, I did same and on 18th march i was able to see dcbm in app & mycards

 

[Kukku]

As far I found yes, they have issues with cobranded as till when I had tata neu infinity ltf in February, they were directly rejecting and in February requested for closure of tata neu infinity and after that in March asked for dcbm they instantly send the form asking for filling up & send them back, I did same and on 18th march i was able to see dcbm in app & mycards

Have you submitted ITR or salary slip.