HDFC Regalia Gold vs HSBC TravelOne (2026)
The freshly trimmed mid-premium stalwart vs the upstart transfer hub — ₹2,500 of habit against ₹4,999 of ambition.
Head to head
| Metric | HDFC Regalia Gold | HSBC TravelOne |
|---|---|---|
| Our rank | #10 | #14 |
| Annual fee | ₹2,500 + GST | ₹4,999 + GST |
| Fee waiver | ₹4,00,000 spend | ₹8,00,000 spend |
| Forex markup | 2% + GST | 3.5% + GST |
| APR | 3.75%/mo (45%/yr) | 3.75%/mo (45%/yr), computed from transaction date |
| Effective reward rate | 1.6% | 2.0% |
| Currency | HDFC Reward Points | HSBC Reward Points |
| House value | ₹1.00/pt † | ₹1.00/pt |
| Welcome benefit | ₹2,500 gift voucher — self-refunding against the ₹2,500 fee — plus MMT Black & tier memberships on ₹1L spend in 90 days | ₹1,000 cashback + ₹3,000 Postcard voucher + 3-mo EazyDiner Prime on ₹25k in 30 days |
| Lounge doors opened | 588 of 644 | 73 of 644 |
| Income — salaried | ₹1.5L+/month net (private); ₹1L+/month (govt) | ₹6L+/yr; age 18–65 |
| Income — self-employed | ITR ₹18L+/yr | ₹12L+/yr; age 25–65 |
† HDFC Regalia Gold: One catch on that ₹1.00: Regalia Gold can't reach it. Its points cap out at ₹0.65 (Gold Catalogue) or ₹0.50 (flights/hotels) — a 35–50% haircut vs the HDFC house value. Our 1.6% reward rate already prices that in.
Gold marks the better side of a row. House value is our ₹-per-point mark for each card's currency — the full valuation index →
Net annual value face-off
Everyday spend at each card's base rate plus a realistic ~20% at its best accelerator (less for narrow or capped boosters) — milestones, fee waivers and the redemption haircut all at our house ₹/point. That's why the biggest headline rate doesn't automatically win. Tune it to your own spend in the calculator.
HDFC Regalia Gold wins under ₹1.75L/month; HSBC TravelOne takes over above it.
Transfer reach
Both reach
- Singapore Airlines KrisFlyer 1:1
- British Airways Executive Club (Avios) 2:1 vs 1:1
- Qatar Airways Privilege Club (Avios) 2:1 vs 1:1
Only HDFC Regalia Gold
- Finnair Plus (Avios)
- Air Canada Aeroplan
- Avianca LifeMiles
Only HSBC TravelOne
- EVA Air Infinity MileageLands
- Hainan Airlines Fortune Wings
- Japan Airlines Mileage Bank
Full route maps on each card page, best ₹/point routes on the optimizer →
The call
For the ₹1L/month spender, HDFC Regalia Gold nets ₹38,666 against ₹36,400 — a ₹2,266 gap. At ₹5L/month, HSBC TravelOne nets ₹1,42,000 against ₹1,29,328 — a ₹12,672 gap. Lounge chasers: HDFC Regalia Gold opens 588 of 644 tracked doors to HSBC TravelOne's 73.
Our standing verdicts: HDFC Regalia Gold — Keep; HSBC TravelOne — Keep. On our board, HDFC Regalia Gold sits at #10 to HSBC TravelOne's #14 — that's the overall call. Your spend pattern can overrule us: run your exact numbers →