ICICI Bank Parakram Credit Card
Updated 3 Jul 2026Source-linked
The ICICI Bank Parakram Credit Card is a entry credit card from ICICI Bank, with a joining fee of ₹0 + GST.
It earns up to 5 pts per ₹100 (≈1.3% value) on grocery department stores spends in the form of icici reward points (points).
Cardholders get 1 quarterly domestic airport lounge access.
ICICI Bank Parakram Credit Card
- Joining FeeFree
- Annual FeeFree
- Best Suited ForEveryday spends
- Reward TypeICICI Reward Points (points)
Rewards Rate
- 5 pts per ₹100 on grocery department stores (cap 1000 points / monthly)
- Base 0.25% on other spends
Welcome Benefits
- Not applicable
ICICIentryLifetime freeRewards and Benefits
Rewards Rate
5 pts per ₹100 on grocery department stores (cap 1000 points / monthly)
Base 0.25% on other spends.
Reward Redemption
ICICI Rewards: Redeem for Health & Beauty, Travel & Luggage, shopping vouchers, home appliances, electronics, fashion & lifestyle. Redemption handling fee ₹99 + GST.
Welcome Benefits
N/A
Milestone Rewards
N/A
Domestic Lounge Access
1 visit each quarterly.
International Lounge Access
N/A
Travel
N/A
Movie & Dining
N/A
Golf
N/A
Insurance Benefits
- personal accident: ₹2,00,000
- air accident: ₹20,00,000
Other Benefits
- Title embossing — Defence Services title embossed on the card.
Fees & Charges
Spend-Based Waiver
Not waivable
Rewards Redemption Fee
₹99 + GST per redemption
Foreign Currency Markup
3.50%
Interest Rates
3.75% per month (45.0% annualised)
Fuel Surcharge Waiver
1.0% waiver on transactions between ₹400 and ₹4,000, capped at ₹250 per monthly.
Cash Advance Charges
2.5% or ₹500 (whichever is higher)
Product Details
- entry card issued by ICICI Bank.
- Lifetime free — no joining or annual fee.
- Available on the Visa network.
- Complimentary airport lounge access: domestic (1/quarterly).
- Insurance cover bundled: personal accident, air accident.
Pros & Cons
Pros
- Lifetime-free — no joining or annual fee.
- Complimentary domestic airport lounge access (1/quarterly).
Cons
- Standard forex markup of 3.50% — suboptimal for international spend.
Accelerated rewards
- 5 pts per ₹100 on grocery department stores (cap 1000 points / monthly)5 Reward Points per ₹100 on grocery & department stores (capped at 1,000 RP/month, w.e.f Apr 15, 2024).
Exclusions
The following spend categories earn no rewards on this card:
- insurance premiums
- utilities
- emi
- cash advance
Airport lounge access
Domestic
1 visit(s) / quarterly.
Insurance benefits
- personal accident: ₹2,00,000
- air accident: ₹20,00,000Air Accident Insurance cover up to ₹20 lakh.
Fuel surcharge waiver
1.0% waiver on fuel transactions between ₹400 and ₹4,000, capped at ₹250 per monthly.
Other benefits
- Title embossing. Defence Services title embossed on the card.
Sources
- : www.icici.bank.in · retrieved 3 Jul 2026
Last verified 3 Jul 2026. Verify with the issuer before applying.
Eligibility
- Age
- —
- Credit score
- 700+
- Income (salaried)
- —
- Income (self-employed)
- —
For Indian Defence and Paramilitary personnel. Indian citizen over 21 years of age.