arjungoyal12
KF Mentor
Have you heard about credit cards providing complimentary access to airport lounges? This may no longer be the case. Let's get into the details and simplify it for you. Credit cards come with a lot of perks, and one of the favourites is free lounge access at airports. Especially those premium cards with fancy joining fees. According to a 2022 report, 87% of Indians expect airport lounge access as a benefit from their premium credit cards. Well, it seems like the era of enjoying free airport lounge access through your credit card is going away. Those perks might not be as easy to grab as they used to be.
Last year, HDFC Regalia credit cards changed their lounge access criteria. Now, to enjoy those lounge benefits, you have to spend a minimum of ₹1 lakh in a single quarter.
Shortly, you might see fewer freebies linked to premium credit cards. Adapting to customer preferences could mean some changes. But, this is a cycle. Things might change again in a few quarters. So, don't lose hope!
The world of credit cards is ever-changing, and free access to airport lounges may not be as easy to come by as before. Banks like HDFC Regalia have already made adjustments to their reward structure, requiring new spending targets for lounge access.
Last year, HDFC Regalia credit cards changed their lounge access criteria. Now, to enjoy those lounge benefits, you have to spend a minimum of ₹1 lakh in a single quarter.
How to Get Your Lounge Access Now?
The process has a new change. Once you hit the spending target, visit the SmartBuy page and the lounge benefits section on the bank's website. There, you can generate a lounge access voucher, and then and only then you can get free lounge access.Why the changes?
These banks regularly shake up their rewards to keep up with the times. With the credit card competition heating up, they want to stand out from the rest.Shortly, you might see fewer freebies linked to premium credit cards. Adapting to customer preferences could mean some changes. But, this is a cycle. Things might change again in a few quarters. So, don't lose hope!
Minimum Spending for Lounge Access:
Getting into the trend banks might ask you to spend a lot more to enjoy those free lounges. High-spending customers might get bigger benefits, while others may need to cross a spending limit.Reasons Behind High Spending
Ever wondered why some get that exclusive lounge pass? Banks reserve it for big spenders. It's like a VIP ticket for those who cash out more. It helps banks manage demand, keep things exclusive.The world of credit cards is ever-changing, and free access to airport lounges may not be as easy to come by as before. Banks like HDFC Regalia have already made adjustments to their reward structure, requiring new spending targets for lounge access.
