Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
Some credit cards reward only a few types of spends, the HDFC Diners Club Rewardz Credit Card is not one of those cards.
This credit card rewards all your spending, no matter how trivial. You earn reward points that you can redeem for travel, lifestyle, retail, and entertainment vouchers. All for an annual fee of Rs.1,000 (excluding taxes).
Welcome Benefit and Renewal Benefit
Reward Points
Travel Benefits
Lifestyle Benefits
The limit on your credit card is the total amount you can spend without incurring any over-limit penalties.
This limit is usually intimated to you by the bank when your application has been approved. Moreover, the credit limit for the same card may differ from person to person since several factors go into determining the limit on your card. These include your employment status, your annual income, your current debt obligations, the number of credit cards you currently own, your repayment history, and of course, your credit score.
Based on all of these factors (and more), the bank will determine the credit limit on your card.
There are two ways you can earn Reward Points with your card.
There are plenty of redemption options before you. Here's how you can redeem the points you earn:
The steps involved in redeeming your points are:
The steps to convert your Reward Points to air miles are:
| Type of Charge | Amount |
|---|---|
| Joining fee | Rs.1,000 |
| Annual fee | Rs.1,000 |
| Interest | 3.49% per month (41.88% p.a.) |
| Minimum payment amount | 5% of the outstanding balance, subject to a minimum of Rs.500 |
| Cash advance limit | 40% of the credit limit |
| Cash advance fee | 2.5% of the amount withdrawn, subject to a minimum of Rs.500 |
| Rewards redemption fee | Rs.99 per request |
| Late payment fee | Less than Rs.100: Nil Rs.100 to Rs.500: Rs.100 Rs.501 to Rs.5,000: Rs.500 Rs.5,001 to Rs.10,000: Rs.600 Rs.10,001 to Rs.25,000: Rs.800 More than Rs.25,000: Rs.950 |
| Reissue of lost or stolen card | Rs.100 |
| Foreign currency mark-up fee | 3% of the transaction amount |
Both salaried and self-employed individuals can apply for this card. The eligibility criteria for this credit card are:
Salaried Individuals:
Self-employed Individuals
The documents required may vary from each category of applicant. But in general, here are the documents that you may require:
You can apply for this card on the bank's website.
Once you select the 'Apply Now' button on the HDFC Diners Club Rewardz Credit Card webpage, you will be redirected to the online application form.
Enter the required details such as your name, phone number, income details, and PAN details. Once you submit your application, you will receive an SMS or a call from a bank official regarding the status of your application.
The Reward Points you earn are valid for 2 years from the date on which you earn them. This means that points earned in June 2019, will expire in June 2021.
It will take at least 7 working days to transfer your Reward Points to air miles.
Yes, you can get a waiver on the annual fee from the second year onwards. To be eligible for the waiver, you will have to charge a minimum of Rs.1 lakh to your card in the previous year.
No. If your annual fee is waived, you will not receive the renewal benefit of 1,000 Reward Points.
No, there is no cap on the 3 Reward Points per Rs.150 that you earn. However, with respect to insurance transactions, the Reward Points are capped at 2,000 points per transaction.
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