ICICI Bank Diamant Credit Card Review

Diamonds are precious and rare, so as the ICICI Bank Diamond credit card. It offers some of the incredible benefits for its selected invite-only customers. As a welcome gift, this credit card offers MacBook Air not only that it also offers incredible offers like exclusive entry at a private island, luxury yacht, offer special offers on private jet too. Also, it offers some of the premier membership benefits in Taj and ITC, so the list is very long. Let’s check the details.

ICICI Bank Diamant Credit Card Review

Eligibility Criteria:

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 21 to 60 yrs. 
    • Income: ₹5 lakh monthly. 
  • For self-employed person:
    • Age: 21 to 65 yrs. 
    • Income: Income tax return should be greater than ₹60 lakh. 
  • Very Good CIBIL Score. (more than 750)
  • Good relation with the bank. 

Required Documents:

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      •  Salary Slip of the last 3 months 
      • ITR
    • Self-employed person
      • Income tax return of the last year 
      • Proof of business
      • Recent audited financial report. 

Fee:

  • Joining Fee: ₹1.25 lakh + GST
  • Annual Fee: ₹10,000 + GST. (Can be waived off if ₹25 lakh is spent within a year)

Benefits:

  • Welcome benefit:

With the activation of the card, you will get a MacBook Air as a welcome gift. 

  • Reward benefit:

You will get 6 PAYBACK points for each ₹100 international spendings, and 3 PAYBACK points for each ₹100 spends in India.

1 reward point = ₹0.25

  • Private Island:

Across the Indian Ocean, Caribbean Isles, Aegean Sea, Mediterranean Sea, and around the coasts of Australia and New Zealand it offers entry to some of the exotic islands at preferential rates.

  • Private Jet:

Get private jet charters from Club One Air, India’s largest air charter operator, with a world-class fleet at partial rates.

  • Luxury yachts:

Enjoy sailing on a chartered luxury yacht from the Mumbai coast into the Arabian Sea with family and friends. The charter services are available to Diamant customers free of cost and include F&B services.

  • Lounge Access:

This card offers unlimited free access to around 600 airport lounges worldwide. You will also get complimentary snacks, internet, conference rooms, etc. 

  • Hotel booking:

You will get a complementary EPICURE PLUS and INNER CIRCLE GOLD membership with this card. You will get exclusive benefits with Taj and other Hotels.  

  • Movie benefit:

This card offers up to 4 free movie tickets per month. 

  • Dining benefit:

With this card, you can enjoy dining at partners’ restaurants with up to a 15% discount on your dining bill. 

  • Golf access:

This card offers unlimited free golf access at some of the premium golf courses in India. 

  • Insurance Coverage:

This card offers personal accidental coverage of ₹3 crores, USD 500 coverage for loss of travel documents, and USD 1200 for loss of checked-in baggage. 

  • Lost card liability coverage:

For lost or stolen cards, you will get coverage of ₹50,000. To avail the most of the benefits, you have to report the loss as soon as possible. 

  • Concierge service:

This card offers a world-class concierge service, emergency auto assistance, medical privileges like scheduled doctor appointments, emergency hospitalization, and lots more. 

Charges:

  • Cash Withdrawal Charge: 2.50% against the withdrawn amount, min ₹300 
  • Finance Charge: 3.40% monthly. 
  • Foreign currency transaction: 3.50% against the transaction amount. 

Contact Details:

Call: 1860 120 7777

Mail: You can mail the service authority just by visiting their website here: https://www.icicibank.com/complaints/complaints.page 

Dispute Resolution Process:

100xGain Ratings: 6/10

Final Opinion:

Needless to say, this is a premium credit card from ICICI Bank and it offers a lot of premium benefits to its users. But there are some major drawbacks to this card. The high fees of the card cannot be justified with the kind of benefits offered by this card. The joining fee of the card is way too high, and the high foreign currency conversion charge is not acceptable after paying so much. 

Therefore if you want a super-premium lifestyle, then you can go for this card, it will surely offer you the best possible lifestyle benefits at an affordable rate. Otherwise, I would recommend you go for the HDFC Infinia Card.   

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