ICICI Parakram Credit Card
ICICI Bank
Last updated: Feb 03, 2026
₹0
₹0
3.5%
4 visits/yr
Contents
The ICICI Bank Parakram Credit Card is tailored for Defence personnel, offering accelerated reward points at groceries, department stores and CSD. It includes complimentary domestic lounge access (subject to spend criteria) and personal and air accident insurance. The card is designed for everyday rewards, fuel surcharge waiver and easy redemption of points.
Features of ICICI Parakram Credit Card which makes it unique
Defence Title Embossing
Option to emboss Defence Services title on the card
Personalised card identification for Defence personnel
Unique to Parakram range
Accelerated CSD Rewards
Higher earn rate for CSD purchases and departmental stores
Better value on commonplace purchases for target users
Tailored to Defence personnel spending patterns
Rewards Structure of ICICI Parakram Credit Card
Dining
baseAll restaurants and dining merchants
Standard earn rate; check bank site for offers
Grocery
acceleratedGrocery stores, departmental stores and CSD purchases
Accelerated points apply to groceries, department stores and CSD (subject to monthly cap).
Shopping
baseAll merchants
Standard earn on general spends; exclusions may apply (EMI, cash advances, fees).
Milestones of ICICI Parakram Credit Card
Quarterly Spend Benefit
₹75,000 per calendar quarter (to qualify for lounge access next quarter) : Domestic lounge access entitlement for following quarter
Fees & Charges of ICICI Parakram Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | 0 |
| Annual Fee | 0 |
| Forex Markup Fee | 3.5% |
| Cash Advance Fee | 3.75% |
| Late Payment Fee | ₹500 |
| Over Limit Fee | ₹500 |
| Returned Payment Fee | ₹350 |
| Cash Withdrawal Fee | 4% |
Renewal Conditions:No renewal fee; standard bank T&Cs apply.
Fee Explanation Fees and charges follow ICICI Bank's published terms; refer to bank T&Cs for full details.
Detailed Explanation of ICICI Parakram Credit Card Fees
Joining Fee: 0 (one-time)
Nil joining fee as per bank page
Annual Fee: 0 (yearly)
Nil annual fee as per bank page
Forex Markup: 3.5 (transaction)
Standard forex markup as per ICICI T&Cs
Lounge Access Benefits with ICICI Parakram Credit Card
domestic Lounges
silverVisits per year: 4
Guest access: No
1 domestic airport lounge access per quarter; eligible primary cardholders must meet the spend criteria (₹75,000 per calendar quarter) to avail the benefit in the following quarter.
Insurance Coverage with ICICI Parakram Credit Card
Personal Accident Insurance
₹200,000As per card T&Cs
Air Accident Insurance
₹2,000,000As per card T&Cs
Additional Features of ICICI Parakram Credit Card
Contactless Payments
Tap and pay enabled
Title Embossing
Defence Services title can be embossed on the card
Available for eligible Defence personnel
Welcome Bonus with ICICI Parakram Credit Card
Welcome Bonus: ₹1,000 reward points.
Bonus Conditions: Welcome voucher and offers subject to bank T&Cs; available for eligible Defence personnel on first-time issuance. See ICICI T&Cs for exact eligibility.
Application Process for ICICI Parakram Credit Card
Processing Time
Varies (apply via bank portal)
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Apply online via ICICI Bank Parakram application page
Upload KYC and supporting documents
Bank verifies details and contacts applicant
Card issued as per bank's processing time
Required Documents for ICICI Parakram Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
as applicableAccepted documents:
ICICI Parakram Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide coverage across India
International Acceptance
Accepted at participating international merchants (subject to network acceptance)
Online Acceptance
Yes
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for ICICI Parakram Credit Card
Quick Eligibility Check
Minimum Age
21+
Credit Score
0+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹0
Minimum annual income
Self-Employed Applicants
₹0
Minimum annual income
Who Can Apply
Important Conditions
- Card is primarily for Defence and Paramilitary personnel; title embossing available for Defence service members.
How Approval Is Decided
- Primary focus on Defence and Paramilitary personnel
- Applicant must satisfy identity and KYC norms
- Other eligibility as per bank policy
Pros of ICICI Parakram Credit Card
- Strong accelerated rewards on grocery and department store spends
- Complimentary domestic lounge access (subject to spend)
- Insurance covers for personal and air accidents
Cons of ICICI Parakram Credit Card
- Designed primarily for Defence personnel (limited broader availability)
- Lounge access subject to quarterly spend criteria
Frequently Asked Questions about ICICI Parakram Credit Card
Who is eligible for the Parakram Credit Card?
The card is designed for Indian Defence and Paramilitary personnel. Eligibility and documentation are detailed on the ICICI Bank application page.
Is there a joining or annual fee?
No — joining fee and annual fee are nil as per the bank's published product page.
How many reward points do I earn?
Earn 1 reward point for every ₹100 on domestic transactions and 5 points per ₹100 on groceries, department stores and CSD purchases (max 1,000 points per month).
What lounge access is included?
Cardholders get one domestic airport lounge access per quarter. To qualify, primary cardholders must meet the spend criteria (₹75,000 per calendar quarter) to avail the benefit in the following quarter.
Are there insurance benefits?
Yes — the card includes personal accident cover (₹2 lakh) and air accident cover (₹20 lakh) as published by the bank.
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