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Side-by-Side Comparison|Updated March 2026

ICICI Bank Diamant World Mastercard Credit Card vs Axis Bank Reserve Credit Card

Detailed comparison of fees, rewards, benefits, and value to help you choose the right credit card for your spending pattern.

ICICI Bank

ICICI Bank Diamant World Mastercard Credit Card

8/10
Annual Fee₹10,000
Base Rewards0.1875%
NetworkMastercard
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Axis Bank

Axis Bank Reserve Credit Card

8.2/10
Annual Fee₹50,000
Base Rewards0.2%
NetworkVisa
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Feature-by-Feature Comparison

FeatureICICI Bank Diamant World Mastercard Credit CardAxis Bank Reserve Credit Card
Annual Fee₹10,000₹50,000
Joining Fee₹1,25,000₹50,000
Fee Waiver Spend₹25,00,000₹35,00,000
Base Reward Rate0.1875%0.2%
Reward CurrencyICICI Reward PointsEDGE REWARD Points
NetworkMastercardVisa
Editor Rating8/108.2/10
Forex Markup3.5%3.5%

Accelerated Rewards

ICICI Bank Diamant World Mastercard Credit Card

  • 0% on International

Axis Bank Reserve Credit Card

No accelerated rewards listed

Pros & Cons

ICICI Bank Diamant World Mastercard Credit Card

Pros

  • Complimentary Apple MacBook Air as a welcome gift upon joining fee payment.
  • Unlimited complimentary domestic and international lounge access for both primary holder and guests.
  • Unlimited complimentary golf rounds and lessons at premier courses globally.
  • Buy 1 Get 1 free movie tickets on BookMyShow for up to 4 tickets per month with no price cap.

Cons

  • Extremely high one-time joining fee of ₹1,25,000.
  • Relatively low base reward rate of 0.75% compared to other super-premium cards.
  • Strictly invite-only, making it inaccessible to most applicants.

Axis Bank Reserve Credit Card

Pros

  • Unlimited domestic and international lounge access for primary and add-on members with 12 guest visits.
  • Comprehensive luxury hotel memberships including Accor Plus, Club Marriott, and ITC Culinaire.
  • Low foreign currency markup fee of 1.5%, ideal for high international spenders.
  • 8 complimentary VIP Airport Concierge services for seamless check-in and immigration.

Cons

  • High annual fee of ₹50,000 with no renewal bonus points (discontinued April 2024).
  • Steep annual fee waiver threshold of ₹35 Lakhs.
  • Significant reward exclusions including fuel, gold, insurance, and utilities.

Our Verdict

Both ICICI Bank Diamant World Mastercard Credit Card and Axis Bank Reserve Credit Card are strong options. Your choice should depend on your spending pattern and which card's rewards align better with your lifestyle.

Choose ICICI Bank Diamant World Mastercard Credit Card if

Designed for elite private banking clients who value bespoke luxury experiences and concierge services over raw reward points.

Choose Axis Bank Reserve Credit Card if

Offers unparalleled airport services, unlimited lounge access for family, and premium hotel memberships.

Frequently Asked Questions

Which is better: ICICI Bank Diamant World Mastercard Credit Card or Axis Bank Reserve Credit Card?
Both ICICI Bank Diamant World Mastercard Credit Card and Axis Bank Reserve Credit Card are strong options. Your choice should depend on your spending pattern and which card's rewards align better with your lifestyle.
What is the annual fee difference between ICICI Bank Diamant World Mastercard Credit Card and Axis Bank Reserve Credit Card?
ICICI Bank Diamant World Mastercard Credit Card has an annual fee of ₹10,000, while Axis Bank Reserve Credit Card has an annual fee of ₹50,000. ICICI Bank Diamant World Mastercard Credit Card offers a fee waiver on ₹25,00,000 annual spend. Axis Bank Reserve Credit Card offers a fee waiver on ₹35,00,000 annual spend.
Which card has better rewards: ICICI Bank Diamant World Mastercard Credit Card or Axis Bank Reserve Credit Card?
ICICI Bank Diamant World Mastercard Credit Card offers a base reward rate of 0.1875% with accelerated rewards on International. Axis Bank Reserve Credit Card offers 0.2% base rewards. The better choice depends on your primary spending categories.
Can I have both ICICI Bank Diamant World Mastercard Credit Card and Axis Bank Reserve Credit Card?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. ICICI Bank Diamant World Mastercard Credit Card and Axis Bank Reserve Credit Card can complement each other if they cover different reward categories.
Which card is better for beginners: ICICI Bank Diamant World Mastercard Credit Card or Axis Bank Reserve Credit Card?
For beginners, ICICI Bank Diamant World Mastercard Credit Card may be more approachable with a lower annual fee of ₹10,000. However, evaluate based on your expected spending pattern rather than fee alone.

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