In January 2026, IDFC FIRST Bank, an Indian private sector bank, launched the ‘Zero-Forex Diamond Reserve Credit Card’, a premium offering for frequent international travelers that provides zero foreign exchange(Forex) markup along with travel and lifestyle rewards.
- What? Launch of Zero-Forex Diamond Reserve Credit Card
- Launched by: IDFC FIRST Bank
- Key Feature: Zero foreign exchange markup on international transactions
- Target Audience: Frequent international travelers and premium lifestyle spenders
- Annual Fee: Rs 3,000 plus GST (waived from 2nd year on annual spends of Rs 6 lakh)
About Zero-Forex Diamond Reserve Credit Card:
Application: Apply digitally via website/applications(app); Rs 500 gift voucher on spending Rs 5,000 within 30 days of activation.
Travel Insurance: Domestic and international lounge access with Rs 20,000 monthly spend, with airport meet-and-greet on USD 1,000 annual spend, along with travel insurance including Rs 25,000 trip cancellation, lost baggage and flight delay cover, Rs 1 crore air accident, and Rs 10 lakh personal accident cover.
Fees & Interest: Rs.3,000 + Goods and Services Tax(GST ) joining and annual fee (waived on Rs.6 lakh annual spend), dynamic interest from 8.5% per annum (p.a)., 0% interest on global Automated Teller Machine (ATM) withdrawals till due date (Rs.199 fee), and fuel surcharge waiver at select outlets.
Rewards: Earn up to 60 reward points per Rs.150 on hotels, 40 on flights, and 10 on other spends; each point is worth Rs.0.25, with lifetime validity, no cap, and online redemption.
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