What is the ICICI Bank Parakram Credit Card and its primary purpose?

The ICICI Bank Parakram Credit Card is designed exclusively for Indian Defence and Paramilitary personnel, offering tailored benefits including lounge access, insurance, and accelerated rewards on specific purchases.

Who is eligible to apply for the ICICI Bank Parakram Credit Card?

Indian citizens over 21 years of age, specifically those serving in the Indian Defence and Paramilitary forces, are eligible for the Parakram Credit Card.

Does the ICICI Bank Parakram Credit Card have any joining or annual fees?

No, the ICICI Bank Parakram Credit Card comes with Nil joining fees and Nil renewal fees, making it a cost-effective option for cardholders.

What are the main reward earning benefits of the ICICI Bank Parakram Credit Card?

Cardholders earn 5 reward points per ₹100 on CSD, groceries, and department store spends (capped at 1,000 points/month), and 1 point for other domestic transactions, plus 6x-12x on iShop.

What insurance coverage is offered with the ICICI Bank Parakram Credit Card?

The ICICI Bank Parakram Credit Card provides ₹2 lakh personal accident insurance and ₹20 lakh air accident insurance cover, offering significant protection.

Are there any charges for redeeming reward points on the ICICI Bank Parakram Credit Card?

Yes, a fee of ₹99 is charged for every reward redemption request made with the ICICI Bank Parakram Credit Card.

What is the foreign currency markup applicable on the ICICI Bank Parakram Credit Card?

The ICICI Bank Parakram Credit Card applies a foreign currency markup of 3.5% on all international transactions, which is important to consider for overseas spending.

Does the ICICI Bank Parakram Credit Card provide fuel surcharge waiver?

Yes, the ICICI Bank Parakram Credit Card provides a 1% fuel surcharge waiver on all fuel purchases across all stations in India, enhancing daily savings.

How can I redeem reward points earned on my ICICI Bank Parakram Credit Card?

You can redeem your ICICI Bank Parakram Credit Card reward points on the bank's official website for various options or for vouchers across shopping, travel, and lifestyle categories.

ICICI Bank

ICICI Bank Parakram Credit Card

Q: Does the ICICI Bank Parakram Credit Card offer complimentary lounge access?

Yes, the Parakram Credit Card provides 1 complimentary domestic airport lounge access per quarter (spend-based) and complimentary railway lounge access.

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Last updated: 27 October 2025

Benefits & Features

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Welcome Offer

Not Applicable

Rewards Rate

Earn 5 points per ₹100 on CSD, groceries, department stores (capped at 1,000/month); 1 point per ₹100 on other domestic spends; 6x-12x on iShop.

Reward Type

Reward Points

Reward Redemption

Reward points can be redeemed against various options on the bank's website or for vouchers from desired brands (Health & Beauty, Travel & Luggage, Shopping, Home Appliances, Electronics, Fashion & Lifestyle). Value: 1 RP = ₹0.25.

Domestic Lounge Access

Get 1 complimentary domestic airport lounge access every quarter. Condition: Spend ₹75,000+ in a calendar quarter to avail access in the following quarter.

International Lounge Access

Not Applicable

Premium Benefits

Not Applicable

Insurance Coverage

Personal accident insurance cover of ₹2 lakh and air accident insurance cover of ₹20 lakh.

Movie

Not Applicable

Dining

Receive dining discounts and exclusive privileges with the ICICI Bank Culinary Treats Programme.

Travel Benefits

Get 1 complimentary domestic airport lounge access per quarter (spend-based) and complimentary railway lounge access.

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