MyFinCards
Diamond Reserve Credit Card

Joining Fee

₹3,000

Annual Fee

Rs. 3000 (Reversed on annual spends of Rs. 6 Lakhs)

0
IDFC FIRST Bank
Travel
Lifestyle
Rewards
Best For: Frequent international travelers, Lifestyle and luxury spenders, Golf enthusiasts, Hotel and travel bookers

Diamond Reserve Credit Card

Rewards Structure

Base Reward Rate

10% on spends

Point Value

1 Point = ₹0.25

Earning Cap

₹5,000 /monthly

0

Pros

  • Zero forex markup on international spends
  • Never-expiring reward points
  • Complimentary domestic and international airport lounge access
  • Complimentary railway lounge access
  • Golf benefits at 20+ courses
  • Interest-free global ATM cash withdrawals
  • Comprehensive travel and accident insurance
  • Buy 1 Get 1 movie offer
  • Hotel stay benefits at ITC and luxury villa properties
  • Annual fee waived on ₹6L annual spends

Cons

  • ₹3,000 joining fee upfront required before card dispatch
  • Lounge access contingent on ₹20,000 monthly spend
  • Cash advance fee of ₹199+GST per ATM transaction
  • Max ATM cash withdrawal of ₹10,000 per transaction

Hidden Catches (Transparency Policy)

To build trust with our users, we highlight the fine print that issuers often tuck away in policy documents.

Lounge benefit requires ₹20,000 spend in current calendar month to unlock next month's access

Welcome gift voucher requires ₹5,000 spend within 30 days of activation

Annual fee waiver threshold is ₹6 lakh annual spends

Key Benefits & Features

Zero forex mark-up on international purchases and ATM withdrawals

Interest-free global ATM cash withdrawals; flat ₹199 + GST per transaction; max ₹10,000 per transaction

Airport Meet & Greet: 1 complimentary per year, 10% off on remaining

Airport transfer discounts via premium limousine services in 3000+ cities across 83 countries

Complimentary 3rd night stay for every 2 paid nights at ITC Hotels

Free 3rd night stay for every 2 paid nights at Elivaas Luxury Villas

Exclusive perks and discounts at 900+ luxury hotels worldwide

24x7 Roadside Assistance (RSA) worth ₹1,399 complimentary

300+ brand offers across dining, shopping, travel and more

10% value back on hotel bookings and 5% value back on flight bookings via IDFC FIRST Bank Mobile App FIRST Rewards Gallery

Dynamic interest rates (APR) starting at 8.5% per annum

UPI-enabled card: joining and annual fee of ₹199+GST; 100% cashback up to ₹200 on joining fee (limited period)

Domestic flight: ₹500 off on min ₹5,000 one-way booking; ₹700 off on min ₹7,000 round trip

Lounge benefit activated in next calendar month by spending ₹20,000 or more in current calendar month

Required Documents

IDENTITY Proof

PAN Card
Aadhaar Card
Official Terms & Conditions

About Diamond Reserve Credit Card

The IDFC FIRST Bank Diamond Reserve Credit Card is a premium travel and lifestyle card designed for frequent international travelers, luxury spenders, golf enthusiasts, and discerning individuals who seek elevated everyday experiences. With a joining and annual fee of ₹3,000 + GST (waived on annual spends of ₹6 lakh or more), the card delivers exceptional value across travel, dining, entertainment, and more. On the travel front, cardholders enjoy zero forex mark-up on international transactions, complimentary domestic and international airport lounge access (2 per quarter each), railway lounge visits, airport meet-and-greet services, interest-free global ATM withdrawals, and airport transfer discounts across 3,000+ cities in 83 countries. A free trip cancellation cover of up to ₹25,000 adds further peace of mind for globetrotters. Lifestyle privileges include complimentary third-night stays at ITC Hotels and Elivaas Luxury Villas, access to 900+ luxury hotels worldwide, curated dining deals, and up to 2 complimentary monthly golf rounds or lessons at 20+ courses. Cardholders also benefit from Buy 1 Get 1 movie offers, never-expiring reward points, up to 10% value back on travel bookings via the IDFC FIRST Bank app, comprehensive insurance coverage, 24x7 roadside assistance, fuel surcharge waivers, and 300+ brand offers year-round.

Expert Review

Our Verdict

Premium travel card with zero forex markup, lounge access, golf, and never-expiring reward points.

Frequently Asked QuestionsAbout Diamond Reserve Credit Card

FEESWhat is the Joining Fee and Annual Fee on the Diamond Reserve Credit Card?
The Diamond Reserve Credit Card comes with a Joining Fee of ₹3,000 + GST and an Annual Fee (applicable from the second card anniversary year) of ₹3,000 + GST. The Joining Fee is levied upon credit card application approval and must be paid upfront before the card is dispatched. The Annual Fee is waived off if your annual spends are ₹6 Lakh or more.
FEESWhy am I being asked to pay the Joining Fee upfront before receiving my card?
IDFC FIRST Bank believes in complete transparency and wants customers to make an informed decision about their Joining Fee and its associated benefits. By asking for payment upfront, the bank aligns with its core values of openness and trust. This process ensures you are fully aware of the applicable fee before committing to the card and also helps minimize wastage due to cancelled and returned cards.
FEESHow and where can I pay the upfront Joining Fee for the Diamond Reserve Credit Card?
Once your credit card application is approved, you will receive communication from the bank to pay the Joining Fee. You can pay the Joining Fee of ₹3,000 + GST through the link provided in the communication. On the payment page, authenticate using the mobile number and date of birth provided during the card application. Payment can be made via UPI or net banking.
APPLICATIONWhen will I receive my Diamond Reserve Credit Card after paying the Joining Fee?
Once the Joining Fee is paid, your Diamond Reserve Credit Card will be dispatched to your registered mailing address and should arrive within 5 working days. If your address has changed, please visit a nearby IDFC FIRST Bank branch to update your address in bank records, then call 1800 10 800 to get the card dispatched to the updated address.
USAGECan I use my Diamond Reserve Credit Card for online transactions before the physical card is delivered?
Yes, once the Joining Fee payment is completed, the digital card becomes active and can be used for online transactions. You can access your digital card details through the IDFC FIRST Mobile Banking App. Please ensure that online (Ecom) transactions are enabled on your card. The physical metal card will be dispatched separately and should arrive within 5 working days.
USAGECan I withdraw cash at ATMs using my Diamond Reserve Credit Card?
Yes, you can withdraw cash at ATMs both in India and abroad using your Diamond Reserve Credit Card. All ATM cash withdrawals are interest-free for up to 45 days. However, a Cash Advance Fee of ₹199 + GST is applicable per transaction, regardless of your location or withdrawal amount. Please note that the maximum cash withdrawal limit is ₹10,000 per transaction.
INTERNATIONALWhat is the forex markup on the Diamond Reserve Credit Card?
The Diamond Reserve Credit Card offers ZERO forex markup on all international transactions. This means you can spend abroad or make international purchases from India without paying any additional foreign currency conversion fees. This makes it an excellent choice for frequent international travellers and those who regularly shop from international websites.
BENEFITSWhat are the complimentary airport lounge access benefits on the Diamond Reserve Credit Card?
The Diamond Reserve Credit Card offers 2 complimentary visits per quarter to domestic airport lounge terminals in India and 2 complimentary visits per quarter to international lounge terminals abroad. Please note that the lounge benefit for a given month can be availed in the next calendar month, provided you spend ₹20,000 or more in the current calendar month. You can view the list of eligible lounges on the IDFC FIRST Bank website.
BENEFITSWhat is the movie offer available on the Diamond Reserve Credit Card?
The Diamond Reserve Credit Card offers a Buy 1 Get 1 movie ticket deal, available twice every month on the Zomato District App. You can save up to ₹250 on the second movie ticket with each offer. This means you can enjoy savings on movie tickets up to twice a month, making it a great perk for movie enthusiasts.
REWARDSWhat are the reward points benefits on the Diamond Reserve Credit Card?
The Diamond Reserve Credit Card offers up to 10 reward points for every ₹150 spent each month. You can earn up to 10% value back on travel bookings made through the IDFC FIRST Bank mobile app, including 10% on hotel bookings and 5% on flight bookings. Reward points never expire, giving you complete flexibility in redemption. Points can be redeemed through the IDFC FIRST Bank mobile app's FIRST Rewards Gallery.
BENEFITSWhat is the welcome or joining benefit on the Diamond Reserve Credit Card?
After activating your Diamond Reserve Credit Card, you need to spend ₹5,000 or more within 30 days of card activation to be eligible for a ₹500 Gift Voucher from one of IDFC FIRST Bank's partner brands such as Amazon, Uber, and more. Additionally, you can get up to ₹1,000 cashback (5% cashback) on your first EMI transaction made using the card.
BENEFITSWhat golf benefits does the Diamond Reserve Credit Card offer?
The Diamond Reserve Credit Card provides complimentary golf access at 20+ golf courses across India. Cardholders can enjoy up to 2 complimentary golf rounds or lessons every month. This makes it an excellent card for golf enthusiasts who want to enjoy premium golf experiences without additional costs. Terms and conditions apply; please visit the IDFC FIRST Bank website for the full list of eligible golf courses.
BENEFITSWhat hotel and stay benefits are available on the Diamond Reserve Credit Card?
The Diamond Reserve Credit Card offers a complimentary 3rd night stay for every 2 paid nights at ITC Hotels, as well as a free 3rd night stay for every 2 paid nights at Elivaas Luxury Villas. Additionally, cardholders can enjoy exclusive perks and discounts at 900+ luxury hotels around the world through Worldwide Hotel Privileges. Curated dining deals at handpicked luxury restaurants are also available.
BENEFITSWhat insurance and travel protection benefits does the Diamond Reserve Credit Card provide?
The Diamond Reserve Credit Card comes with a comprehensive insurance package that includes air accident cover, personal accident cover, and travel insurance. It also offers a Free Trip Cancellation Cover (CFAR) allowing you to claim up to ₹25,000 on non-refundable hotel and flight cancellations. Complimentary 24x7 Roadside Assistance (RSA) worth ₹1,399 is also included. These benefits provide significant peace of mind for both domestic and international travellers.
USAGEHow do I generate or set my Diamond Reserve Credit Card PIN?
You can generate your credit card PIN through multiple channels: (1) Net Banking – via pre-login or post-login using your Customer ID and card number, followed by OTP verification; (2) Mobile Banking App – via pre-login or post-login, entering your Customer ID and card number, then verifying via OTP; (3) Customer Care – call IDFC FIRST Bank customer care and follow the instructions. Once verified, enter and confirm your chosen PIN to complete the setup.

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