Question 1

What is the annual fee on the Diamond Reserve Credit Card and how do you get it waived?

Accepted Answer

The Diamond Reserve Credit Card is a lifetime free card, so there is no joining fee and no renewal fee to recover. Everything you earn on it is net gain, which also means the only thing worth watching is the reward caps and the excluded categories. Check that the card still has no fee on your welcome letter, because IDFC FIRST Bank prices some variants differently.

RECENT CHANGES

Terms were revised recently — verify current fee, reward and exclusion terms before you apply.

Question 2

What is the reward rate on the Diamond Reserve Credit Card?

Accepted Answer

You earn 60 points per ₹150 on hotel bookings via IDFC FIRST Bank mobile app. Everything else earns 1 point per ₹150. Each point is worth about ₹0.25 when you redeem it well, so ₹10,000 of top category spend gives you 4000 points, roughly ₹1,000, which is about 10% back. The accelerated rate stops after ₹2,000 of spend in a month. Fuel, EMI transactions, Cash withdrawals earn nothing at all.

Question 3

Does the Diamond Reserve Credit Card give free airport lounge access?

Accepted Answer

The Diamond Reserve Credit Card gives 8 complimentary domestic lounge visits a year, usually capped at 2 per quarter. International lounge visits are capped at 8 a year. Access is not automatic any more, because you need ₹20,000 of spend in the previous quarter before the visits become available, which is ₹6,667 a month.

Question 4

What changed on the Diamond Reserve Credit Card recently and is it still worth it in 2026?

Accepted Answer

BOGO movie needs ₹20k/month; base ₹150→₹200; FASTag/railway cuts; 24-month point expiry. The changes are dated Jun 18, 2026. It costs nothing to hold, so keep it as a backup card and stop treating it as your main one if your top category no longer earns.

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Diamond Reserve Credit Card

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