M16S / IDFC First Bank / IDFC Diamond Reserve Credit Card
mid · rewards, travel
IDFC Diamond Reserve Credit Card
The IDFC Diamond Reserve Credit Card costs Rs 3,000 a year, waived if you spend Rs 6,00,000 in a year. Its base return is 0.5%. The forex markup is 0%. Lounge visits in India: 2 per quarter. Abroad: 2 per quarter. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Rs 3,000+ GST
- Fee waived at
- Rs 6,00,000annual spend
- Base return
- 0.5%
- Forex markup
- 0%
- Interest
- 3.5%a month
Apply on idfcfirst.bank.inOpens the bank’s own page.
What changed on this card
- IDFC FIRST keeps reward points on international spends, Sep 2026
IDFC FIRST credit cards have zero forex markup from 9 September 2026 and still earn reward points on international spends. The bank dropped its planned 26 October cut in a later letter.
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 3,000 |
|---|---|
| Annual fee | Rs 3,000 |
| Annual spend that waives the fee | Rs 6,00,000 |
| Fee notes | Rs 3,000 + GST joining (upfront) and annual; annual waived on Rs 6 lakh annual spend. Plastic card. |
Rewards
| Welcome benefit | Claim-based brand offers stated as worth over Rs 5,000 (ET Prime, Lenskart, MakeMyTrip, Mokobara); 5% cashback up to Rs 1,000 on first EMI |
|---|---|
| Reward currency | Reward Points |
| Base earn | 3X = 3 points per Rs 150 on spends up to Rs 20,000 per statement cycle |
| Base return | 0.5% |
| Point value | 1 point = Rs 0.25 |
| Accelerated earn | 10X = 10 points per Rs 150 on incremental spend above Rs 20,000 per cycle and on birthday spends. App bookings: 20% bonus points on hotels, 10% on flights. |
| Caps | Education, wallet load, government, rent and property 3X; utilities, insurance, railway, FASTag 1X; neither group counts towards the 10X threshold. |
| Spends that earn nothing | International spends, EMI conversions, cash withdrawals, fuel, fees and charges |
| Points expiry | No expiry |
| Reward notes | base_return_pct = 3 points per Rs 150 x Rs 0.25 = 0.5%; 1.67% above Rs 20,000 a cycle. Zero forex markup but international spends earn no points. |
Travel and perks
| Domestic lounge | 2 per quarter |
|---|---|
| International lounge | 2 per quarter |
| Lounge conditions | Needs Rs 20,000 spend in the previous calendar month; quarterly quota does not carry over. Railway lounges: 4 per quarter. Guest access not mentioned. |
| Forex markup | 0% |
| Fuel surcharge waiver | 1%, up to Rs 300 per month |
| Other freebies | Golf: up to 2 rounds or lessons a month on Rs 20,000+ spend in a statement cycle. Movies: buy-1-get-1 up to Rs 250 off, twice a month, on Rs 20,000+ spend. Trip cancellation cover up to Rs 25,000. |
Charges and eligibility
| Interest per month | 3.5% |
|---|---|
| Late payment feeunverified | 15% of total amount due, min Rs 100, max Rs 1,300 |
| Cash advance fee | Rs 199 + GST per withdrawal; interest-free up to 45 days; max Rs 10,000 per withdrawal |
| Eligibility | Not stated |
| Fine-print notes | APR 8.5% to 42% a year per the card page; monthly figure is the maximum. Bank-wide rules read on issuer pages: points earned only on spends up to the credit limit per billing cycle (from 18 Jun 2026); points for a cycle are forfeited if the minimum amount due is not paid by the due date; Rs 99 + GST fee per reward redemption; over-limit fee 2.5% of over-limit amount, min Rs 550. |
Questions
- What is the annual fee of the IDFC Diamond Reserve Credit Card?
- Rs 3,000 a year, before GST. It is waived if you spend Rs 6,00,000 in a year.
- Does the IDFC Diamond Reserve Credit Card give airport lounge access?
- Yes. In India: 2 per quarter. Outside India: 2 per quarter. Conditions: Needs Rs 20,000 spend in the previous calendar month; quarterly quota does not carry over. Railway lounges: 4 per quarter. Guest access not mentioned.
- What is the forex markup on the IDFC Diamond Reserve Credit Card?
- 0% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the IDFC Diamond Reserve Credit Card?
- International spends, EMI conversions, cash withdrawals, fuel, fees and charges