It’s very interesting to see HDFC is adding more products to the SmartBuy portal. SmartBuy already has Flights, Hotels, Experience, Amazon and Flipkart. Since this year is HDFC’s 25th anniversary the 10X Reward Points is extended to most of the credit cards, debit cards, and PayZapp mobile app.
redBus is India’s best online bus ticket booking platform which connects bus travellers with around 2500 bus operators across the country.
redBus was part of 10X reward points partner on Diners Club during last and this year. I should say that I was really using it for almost all my intercity travels. I really felt missed when the partner was discontinued a few months back. And now, I’m super happy to know that HDFC has understood its customers need and had launched bus booking on a large scale and extended 10X reward for all its cardholders.
When I first applied for Credit Card in 2013, it was rejected saying I’m not over 23 to apply.
As soon as I turned 23, on the same day I applied for my first credit from HDFC. It was an HDFC MoneyBack Credit Card, I had no clue on reward points, lounge access or Insurance. I just had it for the feeling of holding one.
One of the best super premium credit cards from HDFC is Dinersclub Black. The reason for it being one of the most wanted credit is the HDFC diners club credit card benefits such as unlimited lounge access and currently running 10X reward points.
One of the main reason for me to hold on to Dinersclub credit card though they have lesser acceptance than VISA and MasterCard is 10X reward points only.
All the Dinersclub credit cardholders are eligible for SmartBuy and 10x Partners rewards.
HDFC Bank Diners Club Black is one of the best super premium credit card available in India. I’m using this credit card for more than a year now. This article is my hands-on experience in milking the credit card for getting maximum reward points.
The best thing about the Diners Club is the 10X reward points. I personally think the team behind the Diners Club does an awesome job of shortlisting the partners from day-to-day needs and offer 10X rewards.
I live in Bangalore, I have now started using Zoomcar for weekend getaways, order food on Swiggy, book tickets on BookMyShow, do e-commerce shopping on Myntra, Flipkart or Amazon and make my bill payments using PayZapp Wallet. With these partners, I’m able to cover almost 80% of my monthly needs.
HDFC Diners Club Black is one of the best super premium international credit cards in India. I have huge respect for their strategy and reward points. The team who manages and promotes the card really understands what the customer needs and introduced the 10x partners on travel, food and shopping category. I think I’m personally very loyal to this credit card and proud to make use of it too.
VISA and MasterCard may be the top market share holders for credit cards, but there are other players such as Diners Club International (DCI) and RuPay. Diners Club has an exclusive tie-up with HDFC Bank as issuer in India. DCI has a history from 1950 and was the first charge card. They were acquired by CitiBank in 1981 and later by Discover Financial Services in April 2008.
Look & Feel
The card looks elegant black and has a world map in the background
The card comes with EMV chip but does not have NFC enabled the contactless option
The card comes with one of the best in class reward rate. I could even say they are unbeatable.
Usually, 3.3 % on all the retail spends
Accelerated up to 33% during the seasonal promotions
Minimum spend is 150 INR and in multiples, 5 reward points for every 150 INR spent
SmartEMI, EasyEMI, and e-wallet loading transactions will not accrue Reward points.
25,000 reward points per statement
Insurance transactions will have a maximum cap of 2,000 per transaction
Reward points are valid only for 3 years from the date of accumulation
Let’s say you spend 1,00,000 INR rupees every month on your credit card for all your lifestyle needs such as paying your restaurant, shopping, medical and travel. You will save 3,300 as reward points. If you spend the same 1L on preferred partners who are on 10X reward promotions then you will have 33,000 which you could use to book flights or hotel. That is what I call it as free money.Continue reading “HDFC Bank Diners Club Black Credit Card Review”
There are many innovative ways to make use of the reward points from credit cards. I know a lot of savvy users make use the credit card reward points to redeem them for flight tickets, hotel stays, gift vouchers and electronics.
March is always a dry month for most of the salaried individuals. I was always wounding when will India allow us to make tax-saving investments using a credit card. To my surprise the National Pension Scheme (NPS) allows us to make the investment using a credit card. Contributions made to the National Pension Scheme (NPS) comes under 80CCD deductions. Continue reading “How to save tax using credit card reward points in India?”
The best way to use the credit card is to take advantage of interest-free credit days, accumulate reward points, review your spending from the statement, pay on time and full outstanding. Using a credit card is discipline, loyalty, and power. Spending money is always the fun part and paying it back is the most boring. What if the bill paying is also fun and rewarding. Yes, you can get reward points even for paying your credit card bills.
What is CRED app?
CRED is a members-only app which rewards you with exclusive rewards for paying your credit card bill. The most rewarding credit card payment app ever in India. You can download the app and apply to be a member.
For middle-class people, the credit card is a best friend if used wisely.
Until a year ago I was rarely using my HDFC credit card, I never know the difference between VISA and MasterCard. I was least bothered about which credit card I was holding and what is the terms and conditions in it. The reason for not paying attention was because my father once cut his credit card into pieces. I didn’t even ask him why did he do so but I cultivated a habit of never be loaned.
All my transactions were on my Digibank by DBS debit card, not even on my savings account debit card.
I had my company’s current account with IndusInd Bank because they offered zero balance current account for the private limited company. I don’t even remember how I ended up coming to know about IndusInd bank then, but I wish to thank whoever introduced me to IndusInd Bank now.
The relationship manager was nudging me to get a credit card. I said to him I already have HDFC Regalia credit card, my credit limit is more than enough and I do not want my CIBIL score to be affected by opting for another credit card. He was persistent and tried to sell me IndusInd Signature Legend credit card at a 24,000 rupees + GST.
Just to avoid his calls and maintain a relationship one fine day I said fine, let me get it based on card-to-card process. By this way, he proclaimed it won’t affect the CIBIL score I don’t if it really works that way.
I did a detailed study on the card and that’s when I figured out I was so dumb and didn’t know about free airport lounge access the credit cards where providing. I got the card just before my trip to Leh and Ladakh and used the plaza premium lounge at Bangalore Airport for the first time. It was so smooth. Loved it.
After a month I also received four free air tickets from Jet Airways as a welcome gift for that ~28K INR I paid for the lifetime fee of the card.
All I did after getting the card was,
Moved all my day-to-day transactions to the credit card
Got 4 add-on card for my family members and asked them to use the credit card instead of debit card where ever possible
Summary of spending by all the card members
After completing the first financial year with the credit card, IndusInd Bank send a summary that’s when I realized I had saved more than 36,418 rupees last year. One Reward point is equal to one rupee as the cash credit. 1 RP = 1 Re INR.
Not only this, after completing one billing year I also got additional 4,000 reward points as one-time milestone benefit.
In my math,
I paid to join
Reward points collected
36418+4000 = 40,418
28,320-(36,418+4,000) =12,098 INR (cash credit to pay my credit card bills)
Four Jet Airways flight tickets which I used for around 20K to book a trip to Andaman
India’s best customer acquisition strategy is cashback. That’s why most of the e-commerce companies and credit cards offer cashback to make the payment go through them so they could replace hot cash. Cash (Flow) really is king, isn’t it.
Last year I was exploring a lot of travel and credit cards. One interesting thing that I was obsessed about was cashback. Of course, who won’t like cash back? Everyone does, don’t you?