IDFC First Bank has launched the 'Zero Forex Diamond Reserve Credit Card'. This premium credit card has been primarily designed for international travelers. Those who regularly spend abroad will receive special benefits through this card.
This card will not charge any forex markup on international transactions. Additionally, cash withdrawals from ATMs will not incur interest until the payment due date. However, a charge of ₹199 will be levied for each ATM cash withdrawal. The annual fee for this card is ₹3,000 plus GST. If annual spending exceeds ₹6 lakh, this fee will be waived.
Also Read | Vodafone shares jump 9% in weak market after AGR dues update
Card features, benefits & rewards
0% forex markup on all international spending.
Up to 60 reward points for every ₹150 spent on hotel bookings through the app. Each point is worth 25 paise. This means 4 rewards equal ₹1.
Up to 40 reward points for every ₹150 spent on flight bookings.
4. Up to 10 reward points for every ₹150 spent per month.
5. Access to two domestic and two international lounges per quarter.
6. Up to two complimentary golf rounds or lessons per month.
7. One complimentary 'Meet and Greet' airport service for spending $1000 annually.
8. One buy-one-get-one cinema ticket per month.
9. Third night free when booking two nights at ITC hotels.
10. Complimentary trip cancellation cover up to ₹25,000.
11. Lost baggage, flight delay, ₹1 crore air accident cover and ₹10 lakh personal accident cover.
Also Read | Indian Railways sets massive LHB coach production target for 2026–27 to boost passenger safety and comfort
Other special features
Interest rate starts from 8.5% per annum.
0% interest on worldwide ATM cash withdrawals until payment date, with only ₹199 charge per transaction.
Reward points will never expire. They remain valid for life.
Reward points can be used for any e-commerce or online purchases.
No limit on reward earnings.
Up to 10x reward points for spending over ₹20,000 per billing cycle.
Fuel surcharge waiver at select petrol pumps.
Shirish Bhandari, Head of Credit Cards at IDFC First Bank, said, 'The Diamond Reserve Credit Card is ideal for customers who travel internationally frequently. This card can be used easily both abroad and in India.'
