HDFC Bank Diners Club Rewardz Credit Card
The HDFC Diners Club Rewardz Credit Card is a great choice for people who want to earn rewards on their everyday spending. With a joining fee of Rs. 1000, you get 1000 bonus Reward Points right away. For every Rs. 150 spent, you earn 3 Reward Points, and when shopping with partner brands, you get 10x Reward Points. These points can be used for flight and hotel bookings, Air Miles, products, or cashback. If you spend Rs. 1 lakh or more in a year, you can get the Rs. 1,000 renewal fee waived and receive an additional 1000 bonus Reward Points every year.
This card is also perfect for frequent travelers, offering benefits like concierge services and the ability to convert Reward Points into Air Miles with top airlines. You can earn rewards on all your purchases, saving up to Rs. 7,564 annually. With yearly bonus points and many other advantages, the HDFC Diners Club Rewardz Credit Card is a smart choice for anyone looking to earn rewards and enjoy great savings.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
How long are my Reward Points valid?
Reward Points are valid for 2 years from the date they are earned.
What is the foreign currency markup fee on this card?
The foreign currency markup fee is 3% on all foreign currency transactions.
How long will it take for my Air Miles redemption request to be processed?
It will take at least 7 working days to convert your Reward Points to Air Miles.
Can I get my annual fee waived?
Yes, the annual fee can be waived from the second year onward if you charge Rs. 1 lakh or more on your card in the previous year.
Do I get a bonus on the renewal of my HDFC Diners Club Rewardz Credit Card?
Yes, you receive 1,000 Reward Points every year upon renewing your card.
What is the value of 1 Reward Point when redeemed for Air Miles?
Each Reward Point is worth 0.30 Air Miles.
What is the maximum age for self-employed individuals to apply for this card?
Self-employed individuals can apply until the age of 65.
How do the Reward Points work with the HDFC Diners Club Rewardz Credit Card?
You earn 3 Reward Points for every Rs. 150 spent and 10X Reward Points for purchases from partner brands.
Do I still receive the 1,000 Reward Points renewal benefit if the annual fee is waived?
No, if the annual fee is waived, you will not receive the 1,000 Reward Points renewal bonus.
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