HDFC Bank Diners Club Miles Credit Card – Benefits, Fees & Eligibility

HDFC Bank Diners Club Miles Credit Card

Introduction

The HDFC Bank Diners Club Miles Credit Card stands out as a premier card offering a best-in-class air miles program, where reward points can be directly exchanged for air miles at a rate of 1 Reward Point = 1 Airmile. Beyond air miles, the card provides flexibility for redemption against flight/hotel bookings, various products/vouchers, or cashback. Issued with a joining fee of Rs. 1,000, it welcomes new cardholders with 1,000 bonus reward points. Cardholders can also maximize their earnings with 10X reward points on partner brands, capped at 5,000 points monthly. Further enhancing its travel appeal, the card grants complimentary access to both international and domestic airport lounges, alongside exclusive dining discounts, comprehensive insurance coverage, a spend-based waiver for the annual fee, and a fuel surcharge waiver.

Welcome Benefits

• Receive 1,000 Reward Points as a welcome bonus upon payment of the Annual Joining Fee.
• Earn 1,000 bonus Reward Points annually upon settling the renewal membership fee (this bonus is not applicable if the annual fee waiver has been claimed by spending Rs. 1 lakh).

Fees

• Joining Fee: Rs. 1,000 + GST
• Renewal Fee: Rs. 1,000 + GST
• Spend-Based Waiver: The annual fee can be waived on spending Rs. 1 Lakh in the preceding year.
• Rewards Redemption Fee: Rs. 99 per redemption request (plus applicable taxes).
• Foreign Currency Markup: 3.00% of the total transaction value (plus applicable taxes).
• Interest Rates: 3.6% per month (equivalent to 43.2% per annum).
• Fuel Surcharge: 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 5,000 at all fuel stations across India. The waiver is capped at Rs. 250 per billing cycle.
• Cash Advance Charges: 2.5% of the total transaction amount (Minimum Rs. 500).

Rewards

• General Rewards Rate: Earn 4 Reward Points for every Rs. 150 spent on retail and other purchases.
• Accelerated Rewards: Get 10X Reward Points on partner brands through the HDFC Bank Diners Club 10X rewards program. This benefit is capped at a maximum of 5,000 Reward Points per month.
• Movies & Dining:
  • Enjoy a 15% discount and access to around 1,400 other offers and privileges at a vast network of fine dining restaurants across India and globally.
• Travel & Lounge Access:
  • Receive up to 6 complimentary access passes annually to domestic airport lounges. The card offers access to over 25 domestic lounges.
  • Receive up to 6 complimentary access passes annually to international airport lounges. The card provides access to over 1000 airport lounges around the globe (including 700+ worldwide lounges mentioned in one place).
  • Complimentary Airport Lounge access is available worldwide.
• Insurance Benefits:
  • Air accident cover up to Rs. 1 Crore.
  • Emergency medical expenses cover up to Rs. 25 Lakhs.
  • Travel Insurance cover up to Rs. 50,000 in case of loss or delay of luggage.
  • Credit liability protection up to Rs. 9 Lakhs.
• Lifestyle:
  • Access concierge benefits designed to cater to all your travel needs.
• Fuel Surcharge Waiver:
  • A 1% waiver on fuel surcharge is applicable on all fuel transactions between Rs. 400 and Rs. 5,000 at all fuel stations in India, capped at Rs. 250 per billing cycle.

Rewards Redemption Guide

• Reward points are redeemable for air miles with partners such as InterMiles, Singapore Airlines, and Club Vistara, at a value of 1 Reward Point = 1 Airmile.
• Reward points can be redeemed against an array of categories at the following rates:
  • Airmiles: 1 Reward Point = 1 Air Mile
  • Cashback: 1 Reward Point = Re. 0.20
  • SmartBuy (Flights/Hotels): 1 Reward Point = Re. 0.50
  • Product Catalogue (Gifts/Vouchers): 1 Reward Point = Up to Re. 0.35
• The validity period for accrued reward points is 2 years, after which they expire.

Card Eligibility Criteria

• Residency: The applicant should be a resident of India.
• Age:
  • For Salaried individuals: 21-60 years.
  • For Self-Employed individuals: 21-65 years.
• Income:
  • For Salaried individuals: Minimum annual income of ₹3,60,000.
  • For Self-Employed individuals: Minimum annual income of ₹3,60,000.
• Credit Score: The applicant's credit score or credit history should preferably be above 700.

Card Review

The HDFC Bank Diners Club Miles Credit Card is a high-end offering from HDFC Bank in partnership with Diners Club, best suited for travelers. It provides a robust suite of benefits, starting with an attractive welcome bonus and an annual bonus upon renewal, provided the fee waiver isn't claimed. A standout feature is the complimentary airport lounge access, both domestically and internationally, adding significant value for frequent flyers. The card also includes essential insurance coverage, fuel surcharge waivers, and a renewal fee waiver based on spend, enhancing its overall appeal. Its comprehensive features make it an excellent choice for individuals seeking a rewarding and convenient experience, especially those who prioritize travel benefits and air mile redemption.

Important Product Details

• The card is offered at an annual fee of Rs. 1,000 + taxes.
• Earn 1,000 Reward Points upon paying the Annual Joining Fee.
• Earn 4 Reward Points per Rs. 150 spent on retail and other purchases.
• Enjoy up to 10X Reward Points on spends with partner brands.
• Receive 15% discounts and offers at fine dining restaurants.
• Access complimentary airport lounges globally (up to 6 domestic and 6 international accesses annually).
• Benefit from concierge services for all travel needs.
• Includes Air Accidental Insurance worth Rs. 1 Crore.
• Provides Credit Liability protection up to Rs. 9 Lakhs.
• Offers a 1% Fuel Surcharge Waiver at all fuel stations in India (capped at Rs. 250 per billing cycle).
• The annual fee can be waived on spending Rs. 1 Lakh.
• Has a Rewards Redemption Fee of Rs. 99 per request.
• A Foreign Currency Markup of 3.00% is applied to international transactions.
• High interest rates of 3.6% per month (43.2% per annum) are applicable on outstanding balances.