A complimentary upgrade is being offered to the credit cardholders who are alumni of the select premier institutions of the country by HDFC Bank. Under this exclusive upgrade offer, alumni of select institutes who hold any of the HDFC Bank Credit Cards can get a complimentary upgrade to lifetime free HDFC Diners Club Black Credit Card.
July 2022 Update- The bank is now providing HDFC Bank Diners Privilege card to Alumni of various institutes if their Net Monthly income is higher than 70,000. Also, no Income documents are required if your experience is more than 3 years. Students can also apply for HDFC Bank Diners Club Millennia Credit Card.
Who Are Eligible?
This HDFC Diners Club upgrade offer is exclusive for HDFC Credit Cardholders (except obviously Diners Club Black Credit Cardholders), who are alumni of any of the following premier institutes in India-
|IIM Calcutta||FMS Delhi|
|IIM Bangalore||Jamnalal Bajaj(JBIMS)|
|IIM Lucknow||MDI Gurgaon|
|IIM Ahmedabad||IIFT Delhi & Kol|
|IIM Ranchi||SP Jain Mumbai|
|IIM Indore||ISB Hyderabad & Mohali|
|IIM Shillong||XLRI Jamshedpur|
|IIM Trichy||NITIE Mumbai|
|IIM Raipur||Symbiosis (SIBM) Pune|
|IIT Mumbai||SCMHRD Pune|
|IIM Kozhikode||IIT Delhi|
and currently have a minimum monthly income of Rs. 1.75 lacs. Alumni of a few other premier institutes (not mentioned in the above list) are also eligible for the offer.
How Are Reward Points Transferred?
The Reward Points accumulated on the existing HDFC Credit Card are transferred to the upgraded HDFC Diners Club Black Credit Card on a pro-rata basis- with a certain deduction. The Reward Point transfer ratio of different HDFC credit cards to HDFC Diners club Black Credit Card is as per the following table-
|Credit Cards||Reward Points Transfered|
|HDFC Silver/Gold/Titanium/Titanium Edge/Platinum Edge/Platinum Credit Cards||10%|
|HDFC IOCL Credit Card||20%|
|HDFC Easy EMI/Millennia Credit Cards||100%|
|HDFC Visa Signature/Superia/Master Card World/ Freedom Credit Cards||15%|
|HDFC Diners Premium/Diners Club Miles/ Diners Privilege/ Regalia Credit Cards||50%|
|HDFC Moneyback/Solitaire/SolitairePremium Credit Cards||25%|
|HDFC Regalia First/DinersRewardz /All Miles Credit Cards||30%|
For example, if the cardholder had, say, 20,000 Reward Points on their existing Diners Club Premium Credit Card, they will get only 10,000 Reward Points on their new upgraded HDFC Diners Club Black Credit Card- this is because the Reward Points on HDFC Diners Club Black Credit Card are worth twice the monetary value (approx.) of the Reward Points on HDFC Diners Club Premium Credit Card.
HDFC Bank is the only card issuer in the country that issues Diners Club credit cards. Earlier also in 2019, HDFC came up with a very similar upgrade offer for alumni of select premier institutes in the country. The best part about this upgrade offer is that the cardholders not only get a complimentary upgrade along with the transfer of Reward Points (on a pro-rata basis), the new Diners Club Black Credit Card is issued as an LTF (lifetime free) credit card.