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▾ICICI Diamant Credit Card Review
Best for: HNI customers with ICICI private-banking relationship doing ₹75L+ annual card spends who want metal form factor and best-in-class travel perks.
- Unlimited international lounges via Priority Pass
- Unlimited domestic lounges
- Low 2% forex markup
- 24×7 global concierge
- Premium metal card stock
- Golf unlimited at partner courses
- Bundled insurance: medical, trip delay, baggage, airline
- ₹12.5K joining fee + ₹12.5K renewal, no easy waiver
- By-invitation-only issuance in most regions
- HNI relationship required (GPA or Wealth tier)
- Reward cap on utilities and wallet
Fees & charges
| Item | Charge |
|---|---|
| Joining fee | ₹12,500 + GST |
| Renewal fee | ₹12,500 + GST |
| Finance charge | 3.5% p.m. |
| Cash advance fee | 2.5% (min ₹500) |
| Forex markup | 2% |
| Late payment fee | Up to ₹1,300 |
Rewards structure
Earn 6 reward points per ₹100 on retail (6% headline, but point-value capped at ₹0.40 giving 2.4% effective cashback). International spends earn accelerated 8 points per ₹100. Milestone spend at ₹10L and ₹25L annually unlocks bonus vouchers (hotel nights, flight discounts). Redemption at ₹1/point for flight/hotel only; ₹0.40 for statement credit.
Key benefits
- Unlimited domestic + international lounges (primary + add-on)
- Priority Pass with no cap
- Unlimited golf at partner courses
- Air accident cover ₹3 crore
- Overseas hospitalisation cover ₹50 lakh
- Trip delay cover + baggage loss cover
- 24×7 multilingual concierge
Who the ICICI Diamant is for
This is a top-of-segment card for ICICI Private clients. Anyone without a GPA or Wealth relationship will find this card hard to get. If you do qualify, the unlimited-everything travel bundle is class-leading.
Final verdict
Diamant competes with HDFC Infinia Metal and ICICI Emeralde Private Metal. Where Emeralde leans on EPM's 4 points/₹100 + retention vouchers, Diamant pushes harder on lounge and travel coverage. Between the two, pick Diamant if you travel internationally 10+ times a year; Emeralde for higher reward-point economics on domestic spend.
FAQ
How does Diamant compare with Emeralde Private Metal?
EPM earns 4 points per ₹100 but has stronger milestone vouchers (₹4K retail + ₹12K airline each anniversary). Diamant earns 6 points per ₹100 with better lounge and travel insurance. EPM for shopping, Diamant for travel.
Is Diamant invite-only?
Typically yes — ICICI Private / Wealth clients receive invitations. Outside bankers, limited public applications open during promotional windows.
Can Diamant be used for GST-deductible business spends?
Yes if the card bills to a GST-registered entity. However Diamant is issued as a personal card; for pure business use, ICICI's Business Advantage Black is the proper product.
Fees and features verified against the issuer's public website. Benefits may vary; always confirm current terms with the issuer before applying.