What is the annual fee of the ICICI Diamant World Mastercard?

Rs 10,000 a year, before GST. It is waived if you spend Rs 25,00,000 in a year.

What is the forex markup on the ICICI Diamant World Mastercard?

3.5% of each foreign-currency transaction, before GST.

Which spends earn no rewards on the ICICI Diamant World Mastercard?

No reward points on rent (MCC 6513), per MITC

M16S / ICICI Bank / ICICI Diamant World Mastercard

super-premium · rewards, travel

ICICI Diamant World Mastercard

ICICI BankMastercardLast checked 31 Oct 2026closed to new applicants fees only

The ICICI Diamant World Mastercard costs Rs 10,000 a year, waived if you spend Rs 25,00,000 in a year. The forex markup is 3.5%. Read from the issuer's own documents on 31 Oct 2026.

Annual fee: Rs 10,000+ GST
Fee waived at: Rs 25,00,000annual spend
Base return: —
Forex markup: 3.5%
Interest: 3.75%a month

What changed on this card

6 Nov 2026 · takes effect 11 Dec 2026 CutICICI cards lose air accident cover and INOX, fees rise, Dec 2026
From 15 December 2026, ICICI Bank ends air accident cover on 7 cards, CFAR cover on 4 and the INOX benefit on 9. Card replacement goes to Rs 300 plus GST from 11 December.

Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.

Fees

Joining fee	Rs 1,25,000
Annual fee	Rs 10,000
Annual spend that waives the fee	Rs 25,00,000
Fee notes	Fees from MITC. Add-on free.

Rewards

Spends that earn nothing	No reward points on rent (MCC 6513), per MITC

Travel and perks

Lounge conditions	Exempt from the Rs 75,000 quarterly spend rule (MITC)
Forex markupunverified	3.5%

Charges and eligibility

Interest per month	3.75%
Late payment fee	Nil <Rs 100; Rs 100 (Rs 100-500); Rs 500 (Rs 501-1,000); Rs 600 (Rs 1,001-5,000); Rs 750 (Rs 5,001-10,000); Rs 900 (Rs 10,001-25,000); Rs 1,100 (Rs 25,001-50,000); Rs 1,300 (>Rs 50,000)
Cash advance fee	2.5% min Rs 500
Fine-print notes	Card Insider lists Diamant as discontinued. Only MITC fee data read. Bank-wide transaction fees (MITC): 1% on rent; 1% on fuel txns above Rs 10,000; 1% on utility txns above Rs 50,000; 1% on transportation above Rs 50,000; 1% on education paid via third-party apps; 1% on wallet loads of Rs 5,000+; 2% on skill-based gaming. DCC fee on INR transactions abroad equals the card's forex markup from 15 Jan 2026. Fee-waiver spend excludes rent, government and education payments; a fee reversal forfeits annual gifts.

Questions

What is the annual fee of the ICICI Diamant World Mastercard?: Rs 10,000 a year, before GST. It is waived if you spend Rs 25,00,000 in a year.
What is the forex markup on the ICICI Diamant World Mastercard?: 3.5% of each foreign-currency transaction, before GST.
Which spends earn no rewards on the ICICI Diamant World Mastercard?: No reward points on rent (MCC 6513), per MITC