One of my favourite reward programs in India is the HDFC Bank 10X program they operate for their Diners Club card franchise. This was an uncapped earning potential till a while back, but now as of the latest round, I can only earn 10x points up to a maximum of 25,000 points. Each point is equal to 1 INR or 1 mile on Jet Airways, Singapore Airlines or Air India on the Black version, so while I don’t like the loss of Marriott Rewards, Hyatt Gold Passport and American Airlines amongst others, I sort of sucked it up.
Now, two major changes are coming to the rewards program as of August 15, 2017 and have been notified a month in advance.
INR Value per point going down
One of them is the reduction in the INR value of the Rewardz and the Premium program points. So far, HDFC Rewards & Premium = INR 0.75 per point.
Now, coming as of 15 August 2017, this value will change and be lower for both the variants,
- HDFC Bank Diners Club Premium = INR 0.50
- HDFC Bank Diners Club Rewardz = INR 0.30
The value of HDFC Bank Diners Club Black reward points continue to stay at INR 1 for the time being.
Here is the screenshot on the HDFC Bank Diners Club microsite:
2x program being withdrawn
The country cousin to the 10x program was the 2x program, where on dining and shopping via the HDFC Bank Diners Club website you would get 2x reward points on the Diners Club cards. Why not, after all. Dining on Diners Club. Sounds about right.
This provision would also go away as of August 15, 2017.
For the HDFC Bank Diners Club Black card holders, not much changes at this moment, except your ability to earn double rewards on Dining and booking via the Diners Club website. But for the others, the value of their points will drop 33% or more.
So, it is in your best interest to redeem those points before August 15, 2017. You could use them on hdfcbankdinersclub.in to book flights, hotels, movies, pay your DTH or phone bills, or book some activities. If you can’t book your plans a month in advance, you won’t have a right to crib later about these changes 🙂
What are your views about the changes on the HDFC Bank Diners Club credit cards?
(H/T: Jasnoor Gill)