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Credit Cards · India

ICICI Bank Parakram Select Credit Card

Updated 3 Jul 2026Source-linked

The ICICI Bank Parakram Select Credit Card is a mid credit card from ICICI Bank, with a joining fee of ₹0 + GST.

It earns up to 10 pts per ₹100 (≈2.5% value) on grocery department stores spends in the form of icici reward points (points).

Cardholders get 2 quarterly domestic + 1 annual international airport lounge access.

ICICI Bank logo
ICICI Bank Parakram Select Credit Card
Visa logo
  • Joining FeeFree
  • Annual FeeFree
  • Best Suited ForEveryday spends
  • Reward TypeICICI Reward Points (points)
Rewards Rate
  • 10 pts per ₹100 on grocery department stores (cap 1000 points / monthly)
  • Base 0.50% on other spends
Welcome Benefits
  • Not applicable
ICICI Bank logoICICIVisa logomidLifetime free
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Rewards and Benefits

Rewards Rate
10 pts per ₹100 on grocery department stores (cap 1000 points / monthly)
Base 0.50% 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
2 visits each quarterly.
International Lounge Access
1 visit each annual.
Travel
N/A
Movie & Dining
N/A
Golf
4 round(s) / monthly.
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

  • mid card issued by ICICI Bank.
  • Lifetime free — no joining or annual fee.
  • Available on the Visa network.
  • Complimentary airport lounge access: domestic (2/quarterly) + international (1/annual).
  • Insurance cover bundled: personal accident, air accident.

Pros & Cons

Pros
  • Lifetime-free — no joining or annual fee.
  • Complimentary international airport lounge access.
Cons
  • Standard forex markup of 3.50% — suboptimal for international spend.
Pros & cons are heuristically derived from the card's fees, rewards and benefits. Not editorial opinion.

Accelerated rewards

  • 10 pts per ₹100 on grocery department stores (cap 1000 points / monthly)
    10 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
2 visit(s) / quarterly.
International
1 visit(s) / annual.

Insurance benefits

  • personal accident: ₹2,00,000
  • air accident: ₹20,00,000
    Air 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

Last verified 3 Jul 2026. Verify with the issuer before applying.

Eligibility

Age
—
Credit score
720+
Income (salaried)
—
Income (self-employed)
—

For Indian Defence and Paramilitary personnel. Indian citizen over 21 years of age.

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