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HDFC Bank offers the Diners Club Black Metal Edition Credit Card, a premium card designed for those who value luxury and convenience in their financial transactions. This blog post will provide a comprehensive review of this card, its features, benefits, fees, eligibility criteria, credit limit, and reward points redemption process.
Features of Diners Club Black Metal Edition Credit Card
The Diners Club Black Metal Edition Credit Card is not just a card; it’s a lifestyle. Here are some of its key features:
- Metal Card: Crafted from metal, the card boasts a unique and premium look.
- Unlimited Airport Lounge Access: Cardholders can enjoy unlimited access to over 1300 airport lounges in India and worldwide.
- Golfing Privileges: The card provides 6 complimentary golf games every quarter across the world’s finest courses.
- Weekend Dining Benefits: Cardholders can earn 2X reward points on weekend dining at standalone restaurants.
- Welcome Benefits: On spending ₹1.5 Lakh within the first 90 days of card issuance, cardholders receive complimentary annual memberships of Club Marriott, Amazon Prime, Swiggy One.
- Milestone Benefit: On spends of ₹4 lakhs every calendar quarter, cardholders can earn 10,000 bonus reward points.
- Reward Points: For every ₹150 spent, cardholders earn 5 reward points.
- SmartBuy: Cardholders can earn up to 10X reward points via SmartBuy.
- Interest-Free Credit Period: The card offers up to 50 days of interest-free credit period from the date of purchase.
- Foreign Currency Markup: All foreign currency spends incur a 2% markup.
- Revolving Credit: The card offers revolving credit at a nominal interest rate.
Fees and Charges
The annual fee for the Diners Club Black Metal Edition Credit Card is ₹10,000. However, if you spend ₹8 lakh in the preceding 12 months, the fee will be waived. Also Please note that taxes apply to the annual fee.
Diners Club Black Metal Edition Credit Card: Eligibility Criteria
The eligibility criteria for the Diners Club Black Metal Edition Credit Card are as follows:
- For Salaried Indian nationals:
- Age: Minimum 21 years and Maximum 60 years.
- Income: Net Monthly Income should exceed ₹1.75 Lakhs per month.
- For Self-Employed Indian nationals:
- Age: Minimum 21 years and Maximum 65 years.
- Income: ITR (Income Tax Return) should exceed ₹21 Lakhs per annum.
Credit Limit
Typically, the credit limit for the Diners Club Black Metal Edition Credit Card ranges from ₹4 Lakhs to ₹8 Lakhs. However, there is no preset spending limit. HDFC Bank determines the actual credit limit based on the cardholder’s creditworthiness and other factors.
Reward Points Redemption
Cardholders can redeem the reward points earned on the Diners Club Black Metal Edition Credit Card in the following ways:
- Flight Bookings: Cardholders can use reward points to book flight tickets.
- Hotel Reservations: Cardholders can use reward points for hotel reservations.
- Partner Airlines’ AirMiles: Cardholders can convert reward points into AirMiles of partner airlines.
- Purchasing Products and Vouchers: Reward points can be redeemed for purchasing products and vouchers from the given catalog.
- Cashback: Cardholders can also redeem reward points for cashback, which will be adjusted against the card’s statement balance.
For flight and hotel bookings, cardholders can redeem up to a maximum of 70% of the booking value through reward points. The rest will have to be paid via the credit card. The conversion rate for reward points is 1 Reward Point = ₹1.
Cardholders can book and redeem reward points through the HDFC Bank SmartBuy portal.
The Diners Club Black Metal Edition Credit Card is an excellent choice for those who seek luxury and convenience in their financial transactions. With its wide range of benefits and features, it offers a premium experience to its cardholders. However, it’s always a good idea to check the latest information on the official HDFC Bank website or contact their customer service before making a decision.