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IDFC FIRST Bank Launches Zero-Forex Diamond Reserve Credit Card With 0% Forex Markup
IDFC FIRST Bank announces the launch of the ‘Zero-Forex Diamond Reserve Credit Card’ in January 2026.
The card provides for zero foreign exchange markup and includes travel, insurance, lounge access, and rewards benefits for international travellers and premium lifestyle spenders.
IDFC FIRST Bank: Zero-Forex Diamond Reserve Credit Card (January 2026)
| Dimension | Key Details |
|---|---|
| Product Type | Provides for a premium international-use credit card. |
| Key Feature | Provides for 0% foreign exchange (forex) markup on spending abroad. |
| Forex Markup Reference Range | Typically ranges between 2% and 3.5% on regular cards. |
| Target Users | Applies to frequent international travellers and premium lifestyle spenders. |
| Use-cases Listed | Comprises overseas travel, international online purchases, and foreign ATM withdrawals. |
| Application Mode | Fully digital application via website or mobile app. |
| Welcome Offer | ₹500 gift voucher on spending ₹5,000 within 30 days of card activation. |
| Joining and Annual Fee | ₹3,000 plus GST. |
| Fee Waiver Condition | Annual fee waiver from 2nd year on ₹6 lakh annual spends. |
| Lounge Access Condition | Domestic and international lounge access on monthly spends of ₹20,000. |
| Airport Meet-and-Greet Condition | Airport meet-and-greet service on annual international spend of USD 1,000. |
| Travel Insurance and Covers | Trip cancellation cover of ₹25,000; lost baggage and flight delay cover (included); air accident cover of ₹1 crore; personal accident cover of ₹10 lakh. |
| Interest Rate | Regulates interest rate as dynamic, starting from 8.5% per annum. |
| Global ATM Withdrawals | 0% interest till due date and a ₹199 transaction fee. |
| Fuel Surcharge Waiver | Fuel surcharge waiver at select fuel outlets. |
| Reward Points Structure | Comprises hotels: up to 60 reward points per ₹150 spent; flights: 40 reward points per ₹150; other spends: 10 reward points per ₹150. |
| Reward Point Value and Redemption | 1 reward point = ₹0.25; provides for lifetime validity, no earning cap, and online redemption facility. |