HDFC Bank Diners Club 10X Rewards are my favourite kind of reward currency primarily due to some offbeat partners they provide in India. The list of partners frequently gets updated, but no major shakeups, until now that is. The focus is on travel & e-commerce. They initially put out a year long list of partners, but then recalled it, and started to extend the date of the promotion by the months. Here are the announcements for April, May , June & July 2016.
A new update to the website yesterday shows that the 10X rewards program will now continue for the rest of 2016 and all the way through March 2017.
The list of partners has been reshuffled. Yatra was already out, and now Cleartrip goes away too. However, MakeMyTrip makes an entry, along with Redbus and Uber. For shopping, Snapdeal is out of the list, but Lifestyle comes in as the offline retailer again, along with Flipkart company Myntra and luxury retailer LuxeHues. New addition is Bigbasket, the online grocery seller (also my grocery seller of choice!)
Just as a recap, you earn the following points on your cards with the various variants on the merchants mentioned above:
- Rewardz: 3 points/INR 150 + 27 points/INR 150 bonus [Total 30 points/INR 150]. Monetary Value of INR 22.5 [15% cashback]
- Premium: 4 points/INR 150 + 36 points/INR 150 bonus [Total 40 points/INR 150]. Monetary Value of INR 30 [20% cashback]
- Black: 5 points/INR 150 + 45 points/INR 150 bonus [Total 50 points/INR 150]. Monetary Value of INR 50 [33% cashback]
There is however a new cap installed on the number of points you can earn per statement cycle.
- Rewardz: 2,500 points
- Premium: 10,000 points
- Black: 50,000 points
You have to be careful to use the card directly with the merchant. For instance, even with Uber, don’t use the wallet option but the option to directly pay using a credit card. For MakeMyTrip, use the promocode HDFC5X to book.
Even with the changes and the new cap installed, the promotion continues to be one of the most lucrative promotions in India at the moment for credit cards, one that I am hoping all of you would be able to capitalise on in the days to come. I’m sure there were users abusing the program, which caused the promotion to be capped.