Amazon Pay ICICI Bank Credit Card VS ICICI Bank Parakram Credit Card VS ICICI Bank Parakram Select Credit Card VS ICICI Bank Platinum Chip Credit Card
Fees & Charges
Rewards & Benefits
Travel & Lifestyle
Security & Other
Amazon Pay ICICI Bank Credit Card
ICICI Bank Parakram Credit Card
ICICI Bank Parakram Select Credit Card
ICICI Bank Platinum Chip Credit Card
Who is it for?
Who is it for?
Who is it for?
Who is it for?
Pros
Key benefits and features.
Most useful for Amazon loyalists who fulfill their online shopping via Amazon, particularly Prime members.
Lifetime free with no joining or annual fees, offering significant long-term value.
Unlimited cashback with no maximum capping on the Amazon Pay balance earned.
Reward points are automatically credited as Amazon Pay balance and have no expiry date.
Low international forex mark-up at 1.99% makes international spends more economical.
Pros
Key benefits and features.
Zero joining and annual fees make the ICICI Bank Parakram Credit Card highly accessible.
Earn 5X reward points on essential spends at CSD, groceries, and department stores.
Comprehensive insurance benefits include ₹2 lakh personal and ₹20 lakh air accident cover.
Enjoy complimentary domestic lounge access quarterly, enhancing travel comfort.
Designed specifically for Defence personnel, offering tailored benefits and recognition.
Pros
Key benefits and features.
Zero joining and annual fees make it a cost-effective choice for users.
Accelerated reward points on essential spending like groceries and CSDs.
Complimentary domestic and international airport lounge access for travel.
Valuable insurance benefits including personal and air accident cover.
Exclusive golf privileges and dining offers enhance lifestyle benefits.
Pros
Key benefits and features.
The ICICI Bank Platinum Chip Credit Card is lifetime free with no joining or annual fees.
Earns valuable reward points on everyday retail, utility, and insurance expenditures.
Enjoy significant savings with up to 15% discount on dining via the Culinary Treats Programme.
Benefit from a 1% fuel surcharge waiver at HPCL pumps for transactions between ₹400 and ₹4,000.
Conveniently convert your large purchases into easy and manageable EMI options.
Cons
Key drawbacks and limitations.
Primarily focused on Amazon shopping, limiting benefits for other spending categories.
Does not provide other benefits like lounge access or entertainment, unsuitable for travelers.
Less useful for shopping on platforms other than Amazon, where the base reward rate is only 1%.
The reward rate on Amazon for non-Prime members is lower at 3% compared to 5% for Prime members.
Cons
Key drawbacks and limitations.
Domestic lounge access is spend-based, requiring ₹75,000 in the preceding quarter.
A ₹99 fee is charged for every reward redemption request, reducing value.
Accelerated reward points are capped at 1,000 per month in specific categories.
High foreign currency markup of 3.5% makes international spends expensive.
The card is exclusively for Defence personnel, limiting its general availability.
Cons
Key drawbacks and limitations.
Strictly limited to Indian Defence and Paramilitary personnel, not for general public.
Reward redemption incurs a fee of Rs. 99 per request, reducing value.
Lounge and golf access are spend-based, requiring high quarterly/monthly spends.
High foreign currency markup of 3.5% per month for international transactions.
Discrepancies in stated reward rates and access limits across sources.
Cons
Key drawbacks and limitations.
A redemption fee of ₹99 + GST is applicable for each reward point redemption request.
The card levies a relatively high foreign currency markup fee of 3.5% on international transactions.
High interest rates of 3.75% per month apply to overdue amounts and cash advances.
Significant cash advance fees are charged, which can be costly for emergency withdrawals.