ICICI Diamant Credit Card Review: Issuance Paused, Benefits for Existing Holders

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Issuance stopped — existing cardholders only

Status: ICICI Bank says it has temporarily stopped issuing new Diamant cards. Existing cardholders continue to get the same benefits. This page is kept for current holders.
Verified October 2026 against ICICI Bank’s Diamant card pages. Issuance of new cards temporarily stopped; existing holders keep benefits. Earns 6 points per ₹100 on international spends and 3 per ₹100 domestic. Mastercard World. Issued to ICICI private-banking customers.

ICICI Bank Diamant Credit Card Review (Existing Cardholders)

ICICI Bank · Private banking · Mastercard World · New issuance paused
Our score: 7.0 / 10
Issuance paused
Unlimited lounge access
6 RP per ₹100 abroad
Private-banking card

The ICICI Bank Diamant is the bank’s invitation-based card for its private-banking clients. ICICI has temporarily stopped issuing new Diamant cards, but existing holders keep their benefits.

For new customers, ICICI’s Emeralde Private Metal is now the bank’s top publicly available card.

In short: Not available to new customers at present. Existing holders earn 6 points per ₹100 abroad and 3 per ₹100 in India, with unlimited lounge access and movie benefits. New applicants should look at the ICICI Emeralde Private Metal instead.
What we like
  • Unlimited lounge access
  • 6 points per ₹100 on international spends
  • Up to 4 free movie tickets a month
  • Concierge services for private-banking clients
  • Benefits continue for existing holders
Watch out for
  • New issuance temporarily stopped
  • Only for ICICI private-banking clients
  • Fees are not published on ICICI’s current page
  • Reward value modest compared with newer super-premium cards

Fees and charges

ItemDetail
Joining / annual feeNot published on ICICI’s current page; existing holders should check their statement or the MITC
StatusIssuance temporarily stopped

Rewards: how the card earns

SpendReward points per ₹100
International6
Domestic3

ICICI’s older pages value points at ₹0.25 as cash; travel and catalogue options may differ.

Worked example: An existing holder spending ₹2 lakh a month in India and ₹50,000 abroad earns 6,000 + 3,000 = 9,000 points a month, or 108,000 a year — about ₹27,000 at ₹0.25 a point.

Other benefits

BenefitDetail
Lounge accessUnlimited (per ICICI’s Diamant pages)
MoviesUp to 4 free movie tickets a month
ConciergeLifestyle concierge for private-banking clients
NetworkMastercard World

Eligibility

Issuer

ICICI Bank

For

ICICI private-banking clients

Status

New issuance temporarily stopped

Who this card is for

  • Good fit: existing Diamant holders — keep using it.
  • Skip if: you are a new applicant; the card is not being issued.

Alternatives worth comparing

Final verdict

A legacy private-banking card with strong lifestyle perks for existing holders. New customers cannot get it at present; the Emeralde Private Metal is ICICI’s current flagship.

Frequently asked questions

Can I apply for the ICICI Diamant?

Not at present. ICICI has temporarily stopped issuing new Diamant cards.

Will existing cards keep their benefits?

Yes. ICICI says existing cardholders will continue to get the same benefits.

How many points does it earn?

6 points per ₹100 on international spends and 3 per ₹100 domestically.

Which network is it on?

Mastercard World.

What should new customers consider?

ICICI’s Emeralde Private Metal is the bank’s top card currently open to applicants.

Last verified: October 2026, against ICICI Bank’s Diamant card pages. Card terms change often; confirm the current fees and reward rules on the issuer’s website before you apply. All fees are plus 18% GST.

This card is no longer issued
This review stays up for existing cardholders. For a card you can apply for today, see our card reviews.
A
ArunChartered Accountant
Arun is a Chartered Accountant with 14 years in finance leadership. He writes and maintains every review and calculator on CreditSmart, cross-checking each figure against issuer MITC documents, RBI notifications and official rate sheets before publication. He accepts no commissions or payments from card issuers.

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