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

HDFC Bank Diners Club Rewardz Credit Card

Introduction

The HDFC Bank Diners Club Rewardz Credit Card is designed to provide customers with exclusive reward offers on nearly all card transactions. With a joining fee of Rs. 1,000 plus GST, the card offers a welcome bonus of 1,000 Reward Points. Cardholders earn 3 Reward Points for every Rs. 150 spent, and up to 10x Reward Points on purchases with partner brands. These points are versatile, redeemable across various categories including flight/hotel bookings, Air Miles, a product catalogue, and cashback. The card also offers significant savings, as the renewal fee of Rs. 1,000 plus GST can be waived by spending Rs. 1 lakh or more in an anniversary year, alongside an annual renewal bonus of 1,000 Reward Points. It's an excellent option for individuals seeking a rewarding experience on everyday spends, coupled with concierge services and competitive foreign currency markup.

Welcome Benefits

• Receive 1,000 bonus Reward Points as a welcome gift upon successful payment of the joining fee.
• Receive 1,000 bonus Reward Points every year as a renewal bonus after successfully paying the renewal fee.

Fees

• Joining Fee: Rs. 1,000 + GST
• Renewal Fee: Rs. 1,000 + GST
• Spend-Based Waiver:
  • The renewal fee is waived off on spending Rs. 1 lakh or more in the previous anniversary year.
• Rewards Redemption Fee:
  • Rs. 99 is charged on every redemption request (plus applicable taxes).
• Foreign Currency Markup:
  • 3% of the transaction amount (plus applicable taxes) for foreign currency spends.
• Interest Rates:
  • 3.6% per month (43.2% annually).
• Fuel Surcharge:
  • A 1% fuel surcharge waiver is applicable for all transactions between Rs. 400 and Rs. 5,000.
  • The maximum benefit through fuel surcharge waiver is capped at Rs. 500 per month.
• Cash Advance Charges:
  • 2.5% of the amount transacted or a minimum of Rs. 500.

Rewards

• Standard Rewards Rate: Earn 3 Reward Points for every ₹ 150 you spend.
• Accelerated Rewards:
  • Earn up to 5% cashback for spends via SmartBuy.
  • Earn 10x Reward Points (equivalent to 30 Reward Points per Rs. 150 spent) on shopping through partner brands.
  • Double reward points are offered on grocery, airline, and dining spends.
  • The maximum reward points that can be earned under the 10X category are capped at 2,000 points per month.
• Maximum Reward Points per Statement Cycle: The maximum reward points that can be earned in a statement cycle is 15,000 (effective October 2023).
• Reward Point Validity: Earned Reward Points are valid for 2 years from the date of accumulation.
• Travel Benefits:
  • Redeem Reward points for booking Air Tickets / Hotels across 150+ Airlines and a choice of domestic and international hotels through www.hdfcbankdinersclub.com or SmartBuy.
  • Redeem Reward Points for AirMiles across Jet Airways (JPMiles) or Singapore Airlines (KrisFlyer Miles).
  • Travel partners include MakeMyTrip, Goibibo, Redbus, Uber, Jet Airways, Singapore Airlines, and Air India.
  • For flight and hotel bookings, card members can redeem up to a maximum of 70% of the booking value through Reward Points; the rest must be paid via Credit Card.
• Lounge Access:
  • No complimentary domestic lounge access.
  • No complimentary international lounge access.
• Golf:
  • No specific golf benefits are mentioned.
• Insurance Benefits:
  • No specific insurance benefits are mentioned.
• Lifestyle:
  • Enjoy 24x7 complimentary concierge service for travel needs and more.
• Movies & Dining:
  • No complimentary movie ticket offers.
  • Double reward points on dining spends.
• Exclusions: Fuel transactions are not eligible for Reward Points.

Rewards Redemption Guide

• Reward Points can be redeemed for:
  • Flight and hotel bookings.
  • Air Miles.
  • Exclusive gifts and vouchers from the rewards catalogue.
  • Cashback.
• Redemption Values:
  • For SmartBuy (Flights/Hotels) redemption: 1 Reward Point = Rs. 0.30.
  • For Airmiles redemption (e.g., Jet Airways JPMiles, Singapore Airlines KrisFlyer Miles): 1 Reward Point = 0.30 AirMile.
  • For Product Catalogue (vouchers/products) redemption: 1 Reward Point = Up to Rs. 0.25.
  • For Cashback redemption: 1 Reward Point = Rs. 0.15.
• Redemption Process:
  • Redeem points for Air Tickets / Hotels at www.hdfcbankdinersclub.com.
  • For flight and hotel bookings, card members can redeem up to a maximum of 70% of the booking value through Reward Points; the remaining amount must be paid using the credit card.
• Redemption Fee: A fee of Rs. 99 (plus applicable taxes) is charged for every reward redemption request.
• Point Expiry: Reward Points expire after 2 years from the date of accumulation.

Card Eligibility Criteria

• Salaried Individuals:
  • Age: Minimum 21 years & Maximum 60 years.
  • Income: Net Monthly Income must be greater than Rs. 30,000 per month.
• Self-Employed Individuals:
  • Age: Minimum 21 years & Maximum 65 years.
  • Income: Income Tax Return (ITR) should be greater than Rs. 3.6 Lakhs per annum.

Card Review

The HDFC Bank Diners Club Rewardz Credit Card is an excellent choice for individuals in the middle-class segment seeking a rewarding credit card experience, particularly those who value concierge services and travel benefits. The card offers a generous 1000 bonus Reward Points as a welcome gift and another 1000 Reward Points annually upon renewal. It provides ample opportunities for savings with its renewal fee waiver on spending Rs. 1 lakh or more in an anniversary year, a 1% fuel surcharge waiver, and a competitive 3% foreign currency markup fee. While it boasts a strong reward rate of 3 RPs per Rs. 150 spent and up to 10x RPs on partner brands (including double reward points on grocery, airline, and dining spends), it lacks complimentary airport lounge access and movie ticket offers. However, the card's flexible redemption options for flights, hotels, Air Miles, products, and cashback make it a versatile choice. It is well-suited for users who utilize SmartBuy and partner brands frequently, allowing them to maximize their reward earnings significantly.

Pros

• Earn 3 Reward Points per Rs. 150 spent, with up to 10x Reward Points (30 RPs per Rs. 150) on shopping at partner brands.
• Double reward points on grocery, airline, and dining spends.
• Complimentary 24x7 concierge service.
• Annual renewal bonus of 1,000 Reward Points.
• Low foreign currency markup fee of 3%.
• Renewal fee waiver based on annual spending.
• Fuel surcharge waiver.

Cons

• General spends earn reward points, not direct cashback, though points can be redeemed for cashback and SmartBuy offers up to 5% cashback.
• No complimentary airport lounge access.
• No complimentary movie ticket offers.
• A redemption fee of Rs. 99 is charged for every reward redemption request.

Important Product Details

• Earn 3 Reward Points on every Rs. 150 spent.
• Get 10x Reward Points on shopping through partner brands (up to 30 RPs per Rs. 150 spent).
• Get up to 5% cashback for spends via SmartBuy.
• Receive 1,000 bonus Reward Points as a welcome gift.
• Reward Points can be redeemed against flight/hotel bookings, Air Miles, product catalogue, and cashback.
• Receive a Renewal Bonus of 1,000 Reward Points every year.
• The renewal fee is waived off on spending Rs. 1 lakh or more in the previous year.
• Enjoy a 1% fuel surcharge waiver for transactions between Rs. 400 & Rs. 5,000, capped at Rs. 500 per month.
• Benefit from complimentary 24x7 concierge services.
• The foreign currency markup fee is 3% (plus applicable taxes).
• Reward Points are valid for 2 years from the date of accumulation.
• The maximum reward points that can be earned in a statement cycle is 15,000 (effective October 2023).
• The maximum reward points under the 10X category are capped at 2,000 points per month.
• No complimentary airport lounge access is provided with the card.
• No complimentary movie ticket offers are available.
• Fuel transactions are not eligible for Reward Points.
• A Rewards Redemption Fee of Rs. 99 (plus applicable taxes) applies to every redemption request.

Other Details

• The card is best suited for travel.
• For concierge services, customers can call 1800 209 4006 (Toll Free).
• Reward Points for travel can be redeemed at www.hdfcbankdinersclub.com.