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IDFC FIRST Bank
IDFC FIRST Diamond Reserve Credit Card
Travel
Rewards
1st Year Fee: ₹3,000* Plus Applicable Taxes
Reward Benefit
Up to 50 bonus rewards on travel bookings
Hotel Benefit
Free stay at ITC Hotels & Elivaas Luxury Villas
Movie Discount
Save up to Rs. 500 p.m. on movies via B1G1 Offer
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About IDFC FIRST Diamond Reserve Credit Card
IDFC FIRST Diamond Reserve Credit Card is an all-rounder lifestyle card delivering value across travel, shopping, movies and more. Like most IDFC FIRST Bank Credit Cards, Diamond Reserve works on an incremental rewards model wherein consumers earn accelerated rewards on spends beyond a defined monthly threshold. For travellers, the card provides meaningful value through complimentary lounge visits, zero forex mark-up fee and hotel benefits via Visa Infinite. Read on for a detailed look at the card’s features, followed by our view on who will get the most value from it.
Rewards Program & Travel Benefits
Rewards Program
- 10 reward points per Rs. 150 on incremental monthly spends above Rs. 20,000
- 3 reward points per Rs. 150 on monthly spends1 up to Rs. 20,000
- 3 reward points per Rs. 150 on education, rent, wallet load and government transactions2
- 1 reward point per Rs. 150 spent on insurance and utilities2
- 50 bonus reward points3 on hotels and 20 bonus reward points3 on flight booking made via IDFC FIRST Bank mobile app
Travel Benefits
- Complimentary 3rd night on booking 2 consecutive nights at participating ITC Hotels
- Complimentary 3rd night stay on every 2 paid night stays at Elivaas Luxury Villas
Other Features and Benefits
Welcome Benefit
- Voucher worth Rs. 500 from choice of brands including Amazon, Lifestyle, Uber and BigBasket5
- 5% cashback, up to Rs. 1,000, on first EMI transaction
Movie Benefit
- Buy one movie ticket on District by Zomato and get 100% discount up to Rs. 250 on the second ticket (valid for 2 free tickets in a month)
Other Benefits
- Exclusive benefits with select fine dine restaurants
- 1% Fuel surcharge waiver of up to Rs. 300 every month
- Up to 2 complimentary golf rounds or lessons per month eligible on every Rs. 20,000 spend6 in a month
IDFC FIRST Diamond Reserve: Fees and Charges
| Particulars | Amount |
|---|---|
| Joining Fee | Rs. 3,000 + Taxes |
| Annual Fee | Rs. 3,000 + Taxes |
| Finance Charges | 0.71% - 3.85% p.m. (8.5% - 46.2% p.a.) |
| Cash Withdrawal Fee | Rs. 199 |
| Rewards Redemption Fee | Rs. 99 |
| Late Payment Charges | 15% of Total Amount Due as of the previous statement minus any payments received before the due date (subject to a minimum of Rs. 100 and a maximum of Rs. 1,300) |
Things to Know Before you apply
Get this card if:
You want a well-rounded card focused on multiple categories instead of a category-focused option
You can easily reach the monthly spend threshold of Rs. 20,000 to earn accelerated rewards
You travel often and lounge access, complimentary nights, etc. are valuable benefits for you
You are comfortable using bank’s rewards portal for achieving maximum value on travel
Similar Cards:
HDFC Regalia Gold Credit Card
SBI Card ELITE
Axis SELECT Credit Card
IDFC FIRST Mayura Credit Card
Paisabazaar Review
What do we like about this card?
IDFC FIRST Diamond Reserve is a truly well-rounded option. Since the rewards model is not category-focused and based on incremental spends, consumers who are more comfortable using one credit card for most of their purchases will find good value in this card. Moreover, travel benefits like lounge access, complimentary nights, airport meet and greet, etc. are quite good, especially at a price point of Rs. 3,000 only. In addition, lifestyle benefits on golf, movies and dining make this card a good all-rounder card.
Pros
- Accelerated rewards on incremental spends; good for high-spenders
- Base rewards on generally excluded categories like rent, education, wallet loads, etc.
- Wide-ranging travel benefits like lounge access, zero forex mark-up fee and more
- Movie discount of Rs. 500 per month via District by Zomato
- Fuel surcharge waiver of up to Rs. 300 per month
Cons
- Spend-based conditions applicable on lounge and golf benefit
- Low base reward rate for spends up to Rs. 20,000 per month
Footnotes
- Categories excluded from rewards program: International transactions, fuel transactions, transactions converted into EMI, fees or charges and the corresponding GST, loan on Card, balance transfer, cash withdrawal transactions and transactions valued below Rs. 150.
- Categories eligible only for 3 or 1 reward point and are not considered for the calculation of accelerated rewards on incremental spends.
- Total Bonus Reward Points that can be earned in a calendar month is capped at 8,000 reward points.
- Applicable only on achieving minimum monthly spends of Rs. 20,000.
- Eligible on spending Rs. 5,000 within 30 days of card generation.
- First golf round will be offered on reaching spends of Rs. 20,000 in a billing cycle and second on additional Rs. 20,000 spend in the same billing cycle.
- Available to the Primary and Add-on Cardholder for bookings done through their IDFC FIRST Bank Credit cards. This benefit is shared between the Primary and Add-On Cardholder for maximum of 2 cancellations.
Click here to know More Terms and Conditions
Rupanshi Thapa
Rupanshi is a personal finance writer, specializing in credit cards and consumer finance. Her work is committed to helping readers navigate the complex world of credit with confidence– whether they are selecting the right credit card, optimizings rewards, managing debt, or improving their financial well-being. Through her detailed insights and actionable advice, she guides readers towards smarter financial choices.
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