ICICI Bank Parakram Credit Card
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 (≈1.1% value) on grocery department stores spends in the form of icici reward points (points).
Cardholders get 1 quarterly domestic airport lounge access.
- Joining FeeFree
- Annual FeeFree
- Best Suited ForEveryday spends
- Reward TypeICICI Reward Points (points)
- 5 pts per ₹100 on grocery department stores (cap 1000 points / monthly)
- Base 0.22% on other spends
- Not applicable
ICICIentryLifetime freeRewards and Benefits
- personal accident: ₹2,00,000
- air accident: ₹20,00,000
- Title embossing — Defence Services title embossed on the card.
See the math — accelerations & caps
What you'd realistically keep — caps applied, channel premiums cut when you don't route through them, realized redemption value.
- Groceries₹88/mo
You spend ₹8,000 · earns 1.1% = ₹88 uncapped
- Capped at ₹220/mo
- Valued at realized redemption value
Base-rate spend
Non-accelerated spend, summarized at this card's base rate.
- Online shopping₹15,000 · 0.2% = ₹33/mo
- Dining & food delivery₹8,000 · 0.2% = ₹18/mo
- Fuel₹4,000 · 0.2% = ₹9/mo
- Travel & hotels₹10,000 · 0.2% = ₹22/mo
- Utilities & bills₹5,000 · 0.0% = ₹0/mo
₹2,033 rewards − ₹0 annual fee. Estimate for the spend you entered.
Fees & Charges
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
- Lifetime-free — no joining or annual fee.
- Complimentary domestic airport lounge access (1/quarterly).
- 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
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 5 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.