ICICI Bank Diamant Credit Card
The ICICI Bank Diamant Credit Card is a premium credit card made for people who love luxury and comfort. When you get this card, you receive an Apple MacBook Air as a welcome gift. You can earn up to 6 Reward Points for every ₹100 you spend and use these points to get products, vouchers, or cashback. The card also gives you one free movie ticket on BookMyShow when you buy one. It comes with extra benefits like unlimited free access to airport lounges, Taj Epicure membership, and Inner Circle Gold membership, making your travel and dining experiences more enjoyable.
This card is inspired by the beauty and value of a diamond. It offers many high-end lifestyle benefits like stays at luxury hotels, exotic vacations, private jets, yachts, and golf access. The card also provides insurance cover and an annual fee waiver if you spend a certain amount. This card is offered only by invitation, which makes it very special. Every transaction is protected by MasterCard SecureCode and an EMV chip, so you can shop and travel safely without any worries.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
ICICI Bank Diamant Credit Card – Premium Benefits and Features
The ICICI Bank Diamant Credit Card is a super-premium credit card designed for individuals who seek luxury, exclusivity, and exceptional lifestyle experiences. This invitation-only card combines high-end travel, dining, entertainment, and concierge services, making it perfect for those who value convenience and prestige.
Welcome Gift
New cardholders receive a MacBook Air MMGG2HN/A as a welcome gift after paying the joining fee. This premium gift sets the tone for the exclusive privileges associated with the ICICI Bank Diamant Credit Card.
Secure Transactions
Security is a top priority with this card. It comes with an embedded chip that prevents fraud and duplication. All point-of-sale transactions require a secure PIN, while online transactions are protected using MasterCard SecureCode, ensuring safe and worry-free payments worldwide.
Fees and Charges
The card has a joining fee of Rs. 1,25,000 plus service tax. The annual fee is Rs. 10,000 plus service tax from the second year, which can be waived if the cardholder spends over Rs. 25 lakh in the previous year. There is no annual fee for the first year, making it easier for new users to start enjoying the benefits immediately.
Reward Points and Redemption
With the ICICI Bank Diamant Credit Card, you earn 6 Reward Points per Rs. 100 on international transactions and 3 Reward Points per Rs. 100 on domestic spending. Points can be redeemed for gifts, cashback, or converted into air miles. Cash redemptions are credited within seven days, while gifts are delivered within ten days. Each reward point is valued at Rs. 0.25 when redeemed for cash, providing excellent value for frequent spenders.
Travel and Lifestyle Benefits
The card provides unlimited domestic and international airport lounge access for both primary and guest cardholders. Complimentary memberships to Taj Epicure Plus and InnerCircle Gold offer room upgrades, early check-in, late check-out, and exclusive discounts on hotel stays and dining.
Cardholders also gain access to private islands, luxury yachts, and private jets at preferential rates. Yacht charters include food and beverage services, customized menus, and party arrangements. Private jet charters allow travel to over 400 destinations in India, including domestic, naval, air force, and private airstrips. Reservations for these luxury experiences can be arranged through the personal concierge or dedicated Relationship Manager.
Dining Benefits
Enjoy a minimum 15% discount at 800+ fine-dining restaurants across India through the Culinary Treats Program. Additional dining and accommodation privileges are available at ITC hotels via the Club ITC Culinaire membership, including discounts, loyalty points on food and non-food spends, personalized check-ins, priority service, and exclusive fashion-related benefits.
Entertainment
The ICICI Bank Diamant Credit Card offers up to four complimentary movie tickets per month on BookMyShow. Cardholders can also enjoy exclusive movie screenings and special entertainment privileges, enhancing their leisure experiences.
Golf Benefits
Golf enthusiasts can access unlimited rounds at premier golf courses in India and over 90 international courses. Complimentary golf lessons are available at select courses, and bookings can be made through the Mastercard Golf Concierge service.
Insurance and Protection
The card provides comprehensive insurance coverage, including:
- Personal Accident Cover: Rs. 3 crore
- Credit Shield: Rs. 50,000
- Lost/Counterfeit Card Liability: Rs. 50,000
- Travel Insurance: Covers baggage loss/delay, travel document loss, flight delays, missed connections, and hijacking incidents.
Concierge Services
The 24/7 personal concierge service offers assistance with travel bookings, dining reservations, hotel stays, gift delivery, medical appointments, and emergency auto services in major cities.
Priority Customer Support
Diamant cardholders enjoy a dedicated Relationship Manager and 24/7 customer care. Services include card blocking, replacement, dispute resolution, credit limit adjustments, and account management, ensuring seamless support at all times.
Fuel and Fee Waivers
A 1% fuel surcharge waiver applies on transactions up to Rs. 4,000. The annual fee is also waived for cardholders who spend Rs. 25 lakh or more in a year, adding value for high spenders.
ICICI Bank Diamant Credit Card Review
The ICICI Bank Diamant Credit Card is perfect for individuals who seek a luxurious lifestyle with unmatched travel, dining, entertainment, and concierge privileges. While the joining fee and annual charges are high, the card delivers excellent value through reward points, welcome gifts, complimentary memberships, and exclusive access to luxury experiences. This card is tailored for customers who prioritize comfort, convenience, and prestige in every aspect of their lifestyle.
What is the renewal fee and can it be waived?
The renewal fee is Rs. 10,000 per year. It can be waived if your total spending in the previous year exceeds Rs. 25 lakh.
How do I earn and redeem Reward Points?
You earn 3 Reward Points for every Rs. 100 spent in India and 6 Reward Points for every Rs. 100 spent internationally. Points can be redeemed for cash at Rs. 0.25 per point or for gifts and rewards via ICICI Bank customer care.
Is there a limit on free BookMyShow tickets?
No, there is no cap on the ticket price. Cardholders can claim up to four complimentary tickets per month.
What does the Purchase Protection cover?
Purchase Protection covers tangible goods purchased with the card, excluding jewellery. It protects against fire, burglary, and other accidental damages in India.
How does the revolving credit facility work?
You can choose to pay the full outstanding amount, the minimum due, or any amount in between. The leftover amount will be added to your next bill.
Can I set up auto debit for my card payments?
Yes, you can set up auto debit to automatically pay either the minimum due or the full balance from your bank account every month.
How can I get emergency auto assistance?
For urgent auto services such as towing or repairs, contact the 24/7 ICICI Bank Diamant Personal Concierge in major cities.
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