ICICI Bank Parakram Credit Card

Gaurav

The ICICI Bank Parakram Credit Card is specially designed for defense personnel, offering great rewards and benefits. Cardholders earn 5X reward points on purchases made at Canteen Stores Departments (CSDs) and also get savings on groceries and departmental stores. It includes perks like complimentary railway lounge access, making travel easier for soldiers. The card also provides extra security with a microchip to prevent fraud.

This credit card comes in two variants—Parakram Credit Card and Parakram Select Credit Card—both available only to members of the Indian Army, Air Force, Navy, and Paramilitary Forces. It offers free domestic lounge access, while the Select variant includes international lounge and golf access. With no annual fee, this card is a great option for defense personnel looking to save on everyday expenses while enjoying exclusive benefits.

Credit Card Detail
ICICI Bank Parakram Credit Card
Joining Fee
Rs. 0.00 +GST
Renewal Fee
Rs. 0.00 +GST
Best Suited For
Shopping | Travel
Reward Type
Reward Points
Welcome Benefits
N/A
Apply Now
Rewards Rate
Earn 5X ICICI Bank reward points for every ₹100 spent on groceries, department stores, and CSD, up to 1,000 points per month.
Reward Redemption
A fee of Rs. 99 is charged per reward redemption request.
Movie & Dining
Get restaurant discounts with the ICICI Bank Culinary Treats Program.
Travel
N/A
Golf
N/A
Domestic Lounge Access
Get one free domestic airport lounge visit every three months.
International Lounge Access
N/A
Insurance Benefits
Get ₹2 lakh personal accident insurance and ₹20 lakh air accident cover.
Interest Rates
340% per month or 40.8% per year.
Spend-Based Waiver
N/A
Rewards Redemption Fee
Rs. 99 (plus applicable taxes) per redemption request
Cash Advance Charges
2.50% of the withdrawn amount or at least ₹300.
Foreign Currency Markup
3.50% +GST
Fuel Surcharge
Get a 1% waiver on fuel surcharge for all fuel purchases.
Card Details
  • Get up to three free add-on credit cards at no extra cost.
  • Earn 5X reward points on every ₹100 spent at CSDs, groceries, and departmental stores, with a maximum cap of 1,000 points per month.
  • Receive 1 reward point for every ₹100 spent on all other eligible expenses.
  • Benefit from a 1% fuel surcharge waiver at any fuel outlet nationwide.
  • Enjoy ₹2 lakh personal accident insurance and ₹20 lakh air accident cover.
  • Avail one complimentary domestic airport lounge visit per quarter.
  • Access exclusive dining privileges through the ICICI Bank Culinary Treats Programme.
Related Credit Cards

ICICI Bank Manchester United Platinum Credit Card

ICICI Bank Manchester United Platinum Credit Card Know More

ICICI Bank Coral Credit Card

ICICI Bank Coral Credit Card Know More

Adani One ICICI Bank Platinum Credit Card

Adani One ICICI Bank Platinum Credit Card Know More

ICICI Bank Platinum Chip Credit Card

ICICI Bank Platinum Chip Credit Card Know More
Frequently Asked Questions

Are there any joining or annual fees for this credit card?

No, the ICICI Bank Parakram Credit Card does not have any joining or annual fees.

What is the fuel surcharge waiver on this card?

You get a 1% waiver on fuel surcharge across all fuel stations in India.

Is there a fee for redeeming reward points?

Yes, a charge of ₹99 applies to each reward redemption request.

What are the interest rates for the ICICI Bank Parakram Credit Card?

The interest rate is 3.40% per month or 40.8% per year.

Does this credit card offer golf rounds?

No, golf rounds are not included. However, they are available as a milestone benefit with the ICICI Bank Parakram Select Credit Card.

Leave a Reply

About text formats

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.