IDFC FIRST Bank Launches ‘Zero-Forex Diamond Reserve Credit Card’

In January 2026, IDFC FIRST Bank announced the launch of its premium offering — the ‘Zero-Forex Diamond Reserve Credit Card’. Designed specifically for frequent international travellers and premium lifestyle spenders, this card eliminates foreign exchange markup while offering a wide range of travel, insurance, and reward benefits.

The launch strengthens the bank’s presence in the premium credit card segment, catering to customers with global spending needs.

Exam-Oriented Quick Facts (Prelims Ready)

• What: Launch of Zero-Forex Diamond Reserve Credit Card
• Launched by: IDFC FIRST Bank
• Launch Date: January 2026
• Key Feature: Zero foreign exchange (Forex) markup
• Target Audience: International travelers and premium lifestyle users
• Annual Fee: ₹3,000 + GST
• Fee Waiver: From 2nd year on ₹6 lakh annual spends

What is the Zero-Forex Diamond Reserve Credit Card?

The Zero-Forex Diamond Reserve Credit Card is a premium international-use credit card that allows customers to spend abroad without paying any foreign exchange markup, which typically ranges between 2%–3.5% on regular cards.

This makes it highly cost-effective for:

• Overseas travel
• International online purchases
• Foreign ATM withdrawals

Application and Welcome Benefits

• Application Mode: Fully digital via website or mobile app
• Welcome Offer:

1. ₹500 gift voucher on spending ₹5,000 within 30 days of card activation

This easy onboarding process aligns with IDFC FIRST Bank’s digital-first banking strategy.

Travel & Insurance Benefits

Airport & Lounge Access

• Domestic & International Lounge Access on monthly spends of ₹20,000
• Airport Meet-and-Greet Service on annual international spend of USD 1,000

Comprehensive Travel Insurance

• Trip cancellation cover: ₹25,000
• Lost baggage & flight delay cover: Included
• Air accident cover: ₹1 crore
• Personal accident cover: ₹10 lakh

These benefits make the card especially attractive for frequent flyers.

Fees, Interest & Other Charges

• Joining & Annual Fee: ₹3,000 + GST
• Fee Waiver: On annual spends of ₹6 lakh or more
• Interest Rate: Dynamic, starting from 8.5% per annum (p.a.)

• Global ATM Withdrawals:

1. 0% interest till due date
2. ₹199 transaction fee

• Fuel Surcharge Waiver: Available at select fuel outlets

Reward Points Structure

The card offers an attractive reward ecosystem:

• Hotels: Up to 60 reward points per ₹150 spent
• Flights: 40 reward points per ₹150
• Other spends: 10 reward points per ₹150

Reward Points Value

• 1 reward point = ₹0.25
• Lifetime validity
• No earning cap
• Online redemption facility

This makes the card suitable for both travel-focused and lifestyle spending.