HDFC Diners Club Black Credit Card Review – Updated in July 2018

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HDFC Diners Club Black Credit Card Review

Recognized for its excellent rewards programme, the HDFC Diner’s Club Black Programme is the best HDFC credit card for earning rewards. Every reward point can be redeemed for INR 1 on booking flight tickets/hotels. Additionally, this card offers 6 golf games per quarter and unlimited airport lounge access. Furthermore, this card also comes with an impressive insurance policy. Additionally, you get 10X rewards on all your international spends.

FinTown Rating: 4/5

HDFC Diners Club Black Credit Card
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Rating by Category:

Annual Fee                                              3
Rewards Rate 4.5
Annual Bonus  4.5
APR  4

This credit card offers a range of benefits in the form of unlimited airport lounge access, low foreign currency mark-up fee etc. However, it has its own disadvantage. Let us look at the advantages and disadvantages of HDFC Diners Club Black Credit Card.

Pros and Cons:

Reasons to Choose Reasons to Avoid
 Great rewards and benefits High first-year membership fee and renewal fee
 Unlimited Airport Lounge Access Difficult to get
 Low Foreign Currency Mark-up Fee  Card acceptability
Golf games  (Green Fee Waiver)

Rewards & Benefits – HDFC Diners Club Black Credit Card:

  • Welcome Bonus: 5X rewards points on all non 10x transactions in that month, 10,000 welcome reward points
  • Rewards Programme:
    • 10x Reward Points on all International Spends and Smartbuy
    • 5X rewards on all other transactions.i.e. 5 reward points for every INR 150 spent.
    • Value of each reward point equals INR 1  up to 25,000 reward points a year.
  • Movie benefits: 3 free movie tickets on BookMyShow
  • Golf Games: 6 complimentary golf games per quarter
  • Concierge services
  • Air Accident Cover: Air accident cover of INR 2 Crore
  • Insurance Coverage: Emergency medical expenses cover of INR 50 Lakh
  • Credit Liability Cover: Up to INR 9 Lakhs

Is the rewards rate good?

In the normal case, you get 5 reward points for every INR 150 spent. Therefore, you get INR 5 on spending INR 150. Hence, the rewards rate is 3.34%. For international spends, the rewards rate is 6.67% i.e. twice the normal rewards rate.

Is this card for you?

This card is for you if:

  • You are interested in a low forex fee
  • You travel abroad frequently or make your purchases from international e-comm websites
  • Your priority is earning rewards over getting cash back
  • A high annual fee is affordable for you

How to redeem rewards?

You can redeem the rewards accumulated by you by logging in to your HDFC Net Banking.  After clicking on “Redeem Reward Points” in the Homepage of “Online Redemption“, select “Points Range” and “Item Category” to view the catalogue. Then you should select items by adding them to Shopping cart. Once you have selected all items you want to redeem, click on “View Shopping Cart” link to view items selected for redemption.

To get detailed instructions, please visit this page.

You can redeem reward points for booking Air Tickets or Hotels across 150+ Airlines and Choice of hotels (Domestic & International) at www.hdfcbankdinersclub.com

How to make the most of this card?

To make the most of this credit card, you must make a minimum of 5 transactions in any of the first four months to win 5X reward points. Additionally, you should make use of the complimentary golf games per quarter and unlimited airport lounge access. To get your annual fee waived off, you should spend a minimum of INR 5 Lakh in the previous year. On card renewal, you get 5,000 reward points. You can earn up to 25,000 reward points a month, where each reward point equals INR 1 in a billing cycle. For the 10X international rewards programme, you can earn up to 10,000 points a month.

HDFC Bank Diners Club Black Credit Card – Payments & Fees:

Annual Fee
INR 5,000 + GST
Joining Fee INR 10,000 + GST
Renewal Fee INR 5,000 + GSTSpend INR 5 Lakh in 12 Months and get Renewal Fee waived for next renewal year
Foreign Transaction mark-up fee 2% of the transaction amount
Cash Withdrawal Fee 2.5% or Rs. 300, whichever is higher
Overlimit Fee 2.5% of the over limit amount subject to a minimum of INR 500
Late Payments Fee INR 100- INR 750(depends on the amount due)
Rewards Redemption Fee INR 75
Credit Card Replacement Fee INR 100
Railway Ticket Surcharge Fee 1.8% of the transaction amount + GST

Terms & Conditions Explained:

  • Grace Period: Interest free period of 50 days
  • Validity of reward points: Points are valid up to 3 years from the date of accumulation
  • Forex Fee: Foreign currency markup fee of 2%

Application – Eligibility & Documents

  • Salaried applicants must have a minimum monthly salary of INR 1.75 Lakhs
  • Self-employed applicants must have a minimum annual income tax return of INR 21 lakhs.
  • Salaried applicants must be at least 21 years and maximum 60 years of age.
  • Self-employed applicants must be at least 21 years of age and maximum 65 years of age.

Find Fintown’s List of India’s BEST CREDIT CARDS in 2018 [Best Offers]

Other Credit Cards with similar/better features:

HDFC Regalia Credit Card

The HDFC Bank Regalia Credit card targets premium customers who want travel benefits. Although the diversity of the spend benefits is very low, the travel benefits with airport lounge access are some of the best in this segment. With a 23.88% interest rate, this card is value for your hard-earned money. Additionally, this card is targeted at those who primarily want to use it for airport lounges as opposed to rewards points. Furthermore it is also a great value for those who fly frequently on Air Vistara with the HDFC Regalia Credit Card offering a complimentary Club Vistara one year membership.

SBI Elite Credit Card

To make the most of the SBI Elite Credit Card, you must spend INR 5-8 Lakhs on your card in order to earn milestone benefits. Furthermore, this card offers a Priority Pass Member, Club Vistara Membership and Trident Privilege Membership. You might also want to spend money on grocery, dining and department spend from your card to maximise the benefits that you derive out of this card. The rewards rate is 2.5% for grocery, dining and department spend. This credit card is available at an annual fee of INR 4,999. Nevertheless the interest rate is high as compared to HDFC Diners Club Black Credit Card.

FinTown Verdict

The HDFC Diners Club Black Credit Card is a premium range credit card which is designed for customers who prioritise earning reward points. Moreover, It is a perfect choice for those who wish to spend a lot of money on international transactions. Furthermore, you are offered 10X rewards in certain categories. Additionally, the insurance cover offered by HDFC is unparalleled. Lastly, an interest rate of 23.88% makes this card appealing.

FinTown Advantage:  We provide unbiased personal finance advice to help people make the best possible financial decisions. Our reviews and ratings of financial products are determined by customer financial well-being and not profiteering. Whether or not we make a penny, we do what is best for the customer. Our research team is made up of economists and market researchers who spend hundreds of hours researching and comparing products with the same mission in mind.

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