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REWARD POINTS CARD

ICICI Bank Parakram Select Credit Card

ICICI Bank

A no-fee card for Indian Defence and Paramilitary personnel, with reward points, domestic airport lounge access, international lounge access via Priority Pass, golf rounds, insurance cover and a fuel surcharge waiver.

Domestic lounge access needs ₹75,000 spend in the preceding calendar quarter; each golf round needs ₹50,000 spend in the previous month; insurance, utility and international spends earn no reward points.

ICICI Bank Parakram Select Credit Card
ANNUAL FEE
No annual fee
JOINING FEE
No joining fee
REWARDS
Not stated
Earning terms not yet recorded
KEY BENEFIT
10 ICICI Bank Reward Points per ₹100 spent at grocery and department stores.
BEST FOR
Included: Indian Defence and Paramilitary personnel who want a no-fee card with travel, golf and insurance benefits.
Included: May suit those who spend regularly at grocery and department stores.
Included: May suit those who fly domestically and use airport lounges.
Included: May suit golfers who spend ₹50,000 or more a month on the card.
Limitation: Large international spends may wish to compare other cards.
Limitation: Those with large international spends, which earn no points and attract a 3.5% markup may wish to compare other cards.
Limitation: Those who want rewards on insurance or utility bill payments may wish to compare other cards.
Limitation: Those applicants who are not Defence or Paramilitary personnel may wish to compare other cards.
Typical fit only. This is not personalised advice and not an indication of approval.
GOOD TO KNOW
Condition: Insurance cover applies only in a personal capacity and not to events that occur during service.
Condition: Golf benefit is for primary cardholders only; credited golf rounds are valid for 60 days.

Rewards & real value

What the card earns, and what changes that figure in practice.
WHAT THE CARD EARNS
EVERYTHING ELSE
Not stated
No earning rate recorded for this card
REWARD POINT VALUE
Not stated
Effective return cannot be calculated without it

Eligibility

Minimum income
Not stated
Minimum age
21
Maximum age
Not stated

Fees & ownership

Joining fee
No joining fee
Annual / renewal fee
No annual fee
Fee waived at
Not stated
Forex markup
3.5%
Finance charge
3.75% per month
Cash withdrawal fee
2.5% of the amount, minimum ₹500
Late-payment charge
Not stated
Interest-free period
18–48 days

Benefits & privileges

TRAVEL
Domestic airport lounge
2 visits per quarter — 2 visits per quarter · Primary cardholder only; unlocked by ₹75,000 spend in the preceding calendar quarter · ₹75,000 in the preceding calendar quarter
International airport lounge
Not stated
Railway lounge
Not stated
Lounge spend requirement
Not stated
Lounge programme
Priority Pass
EVERYDAY
Fuel
1% on transactions of ₹400–₹4,000; max ₹250 per month; all petrol pumps
Dining
Not stated
RuPay / UPI
Not stated

Caps, exclusions and redemption

Major excluded categories
No points on cash advance, ATM withdrawal, EMI, balance transfer, PLCC, fees and charges, insurance, utility, international spends, rent and e-wallet loads; Insurance, utility and international spends; cash advance, ATM withdrawal, EMI, balance transfer, PLCC, fees and charges; rent; e-wallet loads
Categories earning nothing
Not stated
Monthly reward cap
Not stated
Annual reward cap
Not stated
Reward point value
Not stated
Points expiry
36 months
Redemption fee
₹99
Minimum redemption
Not stated
Credited automatically
Credited automatically

Who this card may suit

MAY SUIT
Included: 10 ICICI Bank Reward Points per ₹100 spent at grocery and department stores.
Included: Defence Services title embossed on the card
Included: Personal accident cover of ₹2 lakh and air accident cover of ₹20 lakh
MAY NOT SUIT
Not stated
Typical fit only, based on the card’s own published terms. This is not personalised advice and not an indication of approval.
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Figures last checked 31 Oct 2026 against the issuer’s published terms.