ICICI Bank Diamant Credit Card-Features & Apply Now

The ICICI Bank Diamant Credit Card is one of the newest products within the range of super premium credit cards offered by ICICI Bank that targets the upper segment of the population that is ready to pay for exceptional services and products. This ICICI credit card was created to address the needs of the upper-echelon population, as the client will be earning points that have both monetary and luxury recreational values. 

Since its inception, the ICICI Diamant Credit Card has mainly offered benefits like unlimited airport lounge access, golf privileges, luxury dining/travel memberships, etc. The ICICI Bank Diamant Credit Card serves well for people who seek to be unique and have the most luxurious lifestyle and financial wisdom.

ICICI Bank Diamant Credit Card Features and Benefits

Welcome Benefits

Upon successfully paying the joining fee of Rs. 1,25,000 + GST, cardholders are welcomed with an Apple MacBook Air worth Rs. 75,000. This premium gift sets the tone for the card’s luxury offerings.

Rewards Program

The card offers an attractive rewards structure to ensure that your spending is rewarded generously:

• 6 reward points per Rs. 100 on international transactions.
• 3 reward points per Rs. 100 on domestic spending.
• Rewards can be redeemed for a variety of options, including cashback, gifts, and more, at a rate of 1 reward point = Re. 0.25.
• A Rs. 99 redemption fee (plus applicable taxes) is applicable for each redemption request.

Entertainment Benefits

• Complimentary movie tickets: You can enjoy up to 4 free movie tickets each month through BookMyShow, ensuring endless entertainment.
• No cap on the price of the movie tickets under this offer.

Dining Privileges

• Minimum 15% discount on dining bills at partner restaurants through the ICICI Bank Culinary Treats program.
• Complimentary Club ITC Culinaire membership, providing exclusive discounts at ITC hotels including ITC, ITC Heritage, ITC Welcome, and ITC Welcome Heritage hotels.

Travel Benefits

• Unlimited complimentary airport lounge access (domestic and international) via the Dreamfolks Lounge Access Program and the MasterCard Airport Lounge Program.
• Taj Epicure Plus membership: Enjoy luxury stays and exclusive benefits at Taj hotels.
• InnerCircle Gold membership: offers further benefits at Taj Hotels, including discounts on dining and spa services.

Golf Privileges

Cardholders who love golf will appreciate the unlimited complimentary access to domestic and international golf courses across 90+ countries, ensuring you enjoy premium golfing experiences worldwide.

Insurance Benefits

For peace of mind, the ICICI Bank Diamant Credit Card comes with a range of insurance benefits:

• Personal air accident insurance cover of up to Rs. 3 crore.
• Credit shield cover of Rs. 50,000 in case of an unfortunate event.
• Baggage insurance: Up to Rs. 25,000 for lost luggage.
• Coverage of USD 500 for loss of travel documents.
• Coverage of USD 1,200 for lost checked-in baggage.
• USD 300 cover for delayed baggage (over 12 hours delay).

Fuel surcharge Waiver

For those who drive frequently, the ICICI Bank Diamant Credit Card offers a 1% fuel surcharge waiver on transactions up to Rs. 4,000 at fuel stations across India, helping you save on fuel expenses.

Renewal fee waiver

To reward high spenders, the card offers a waiver of the Rs. 10,000 annual renewal fee if your annual spending in the previous year was Rs. 25 lakh or more.

How to Earn and Redeem ICICI Bank Diamant Credit Card Reward Points?

Earning ICICI Bank Diamant Credit Card Rewards Points

1. International Spends:
   • Earn 6 reward points for every Rs. 100 spent on international transactions. This is ideal for those who frequently travel or shop overseas.
2. Domestic Spends:
   • Earn 3 reward points for every Rs. 100 spent on domestic transactions. This includes purchases made in India, whether online or at physical stores.
3. Special Categories:
   • Certain categories, like dining, entertainment, and travel, may also offer opportunities to earn more points, depending on ongoing promotions from ICICI Bank.

Redeeming ICICI Bank Diamant Credit Card Reward Points

Against Cashback:

• Reward points can be redeemed for cashback at the rate of 1 reward point = Re. 0.25. To redeem your points for cashback:
  • Call the ICICI customer care number: 080-40146444.
  • The equivalent amount will be credited to your card account within 7 days.

Against Gifts:

• You can also redeem your reward points for a variety of gifts and merchandise from the ICICI Rewards catalog. To redeem:
  • Call the customer care number: 1860-258-5000.
  • Your chosen gift will be delivered to your registered address within 10 days.

Redemption Charges:

• Every redemption request incurs a fee of Rs. 99 plus applicable taxes.

ICICI Bank Diamant Credit Card Fees and Charges

1. Reward Redemption Fee: Rs. 99 + applicable taxes per request
2. Foreign Currency Markup Fee: 3.5% of the transaction amount
3. Interest Rates (Finance Charges): 3.4% per month (or 40.8% per annum)
4. Cash Advance Charges: 2.5% of the amount withdrawn, subject to a minimum charge of Rs. 300
5. Fuel Surcharge Waiver: 1% of the fuel transaction amount (waived). The fuel surcharge is waived for transactions up to Rs. 4,000 at fuel stations across India.
6. Late Payment Charges

• Rs. 0 to Rs. 100: No charge
• Rs. 100 to Rs. 500: Rs. 100
• Rs. 501 to Rs. 10,000: Rs. 500
• Rs. 10,001 and above: Rs. 750

7. Over-limit Charges: 2.5% of the over-limit amount, subject to a minimum of Rs. 500
8. Duplicate Statement Fee: Rs. 100 per request
9. Cheque or Auto-Debit Return Fee: 2% of the payment amount, subject to a minimum of Rs. 450

ICICI Bank Diamant Credit Card Product Details

1. Earn 6 reward points per Rs. 100 on international transactions and 3 reward points per Rs. 100 on domestic spending.
2. Get up to 4 complimentary movie tickets monthly through BookMyShow with no cap on ticket price.
3. Minimum 15% discount at partner restaurants via the Culinary Treats Program and exclusive dining offers at ITC hotels with Club ITC Culinaire membership.
4. Unlimited complimentary domestic and international lounge access with Taj Epicure Plus and InnerCircle Gold memberships.
5. Enjoy unlimited complimentary access to over 90 domestic and international golf courses.
6. Includes personal air accident cover of Rs. 3 crore and credit shield of Rs. 50,000.

ICICI Bank Diamant Credit Card Eligibility Criteria

1. Age Requirement:
   • The primary applicant must be between 21 and 60 years of age.
   • For add-on cards, the minimum age limit is 15 years.
2. Invitation-Only:
   • Being a super premium credit card, it is offered strictly on an invitation-only basis, ensuring exclusivity.
3. Credit Score:
   • A good credit score of 750 or above is required, with no history of credit defaults.

Documents Required for ICICI Bank Diamant Credit Card

1. Identity Proof:
   • Aadhar card, passport, voter ID, or any government-issued ID.
2. Address Proof:
   • Utility bills, rental agreement, passport, or any document reflecting the current address.
3. Income Proof:
   • Salary slips for the last 3 months, bank statements for the last 6 months, or income tax returns (ITR).

How to Activate ICICI Bank Diamant Credit Card Online

1. Go to the official ICICI Bank website or use the ICICI Mobile Banking app.
2. Sign in to your account using your user ID and password. If you don’t have an account, you may need to register first.
3. Find the option for “Card Services” or “Activate Credit Card.”
4. Input the required information, such as your credit card number and other personal details, as prompted.
5. Follow the on-screen instructions to complete the activation process. You may receive a confirmation message once it’s activated.

FAQs