Disclosed are processes for rejuvenating catalysts comprising at least one Group 10 metal and a microporous crystalline metallosilicate, and hydrocarbon conversion processes including such rejuvenation processes. In an aspect, the rejuvenation process comprises contacting a deactivated catalyst comprising at least one Group 10 metal and a microporous crystalline metallosilicate with an oxygen-containing gaseous stream under conditions comprising a temperature ranging from about 250° C. to about 375° C. and a pressure of up to about 100 bar. In a further aspect, the rejuvenation process comprises contacting a deactivated catalyst comprising at least one Group 10 metal, at least one rare earth metal, and a microporous crystalline metallosilicate with an oxygen-containing gaseous stream under conditions comprising a temperature ranging from about 250° C. to about 500° C. and a pressure of up to about 100 bar.