ICICI Parakram Select Credit Card
ICICI Bank
last updated: Oct 28, 2025
₹999
₹999
1.99%
10 visits/yr
Contents
A premium lifestyle and rewards card tailored for defence personnel and frequent travellers. Earn accelerated reward points on groceries and selected categories, plus complimentary lounge access. Comes with travel and purchase protections and convenient digital features for everyday use.
Features of ICICI Parakram Select Credit Card which makes it unique
Smart EMI
Instant EMI conversion at checkout
Flexible repayment
Faster than many peers
Spend Analyzer
Track monthly expenses by category
Better budgeting
AI-assisted insights
Rewards Structure of ICICI Parakram Select Credit Card
Milestones of ICICI Parakram Select Credit Card
Quarterly Milestone
₹50,000 : ₹500 cashback
Annual Milestone
₹2,00,000 : Free flight ticket
Fees & Charges of ICICI Parakram Select Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹999 |
| Annual Fee | ₹999 |
| Forex Markup Fee | 1.99% |
| Cash Advance Fee | 2.5% |
| Late Payment Fee | ₹750 |
| Over Limit Fee | ₹500 |
| Returned Payment Fee | ₹350 |
| Cash Withdrawal Fee | 2% |
Renewal Conditions:Waived on ₹1,00,000 annual spend
Fee Explanation Standard bank interest and fees apply on overdue amounts as per bank policy.
Lounge Access Benefits with ICICI Parakram Select Credit Card
domestic Lounges
goldVisits per year: 8
Guest access: No
Valid for primary cardholder; some visits may require prior spend in preceding quarter
international Lounges
platinumVisits per year: 2
Guest access: Yes
Access via partner network or Priority Pass where applicable
Insurance Coverage with ICICI Parakram Select Credit Card
Travel Insurance
₹10,00,000Valid on international trips; terms apply
Purchase Protection
₹50,000Within 90 days of purchase; subject to claim terms
Additional Features of ICICI Parakram Select Credit Card
Contactless Payments
Tap and pay enabled
Add-on Cards
Up to 3 free add-on cards
Welcome Bonus with ICICI Parakram Select Credit Card
Welcome Bonus: 10,000 reward points
Bonus Conditions: Valid for new customers only; points credited after verification and merchant validations.
Application Process for ICICI Parakram Select Credit Card
Processing Time
5–7 business days
Online Application
Available
Instant Approval
Available
Step-by-Step Process
Apply online via Finanjo portal
Upload KYC documents
Receive verification call
Card dispatched within 7 days
Required Documents for ICICI Parakram Select Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
ICICI Parakram Select Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide coverage across India
International Acceptance
Accepted globally
Online Acceptance
Yes
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for ICICI Parakram Select Credit Card
Quick Eligibility Check
Minimum Age
21+
Credit Score
700+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹30,000
Minimum annual income
Self-Employed Applicants
₹40,000
Minimum annual income
Who Can Apply
Important Conditions
- Customer must have a valid PAN and Aadhaar card.
How Approval Is Decided
- Minimum income ₹30,000/month
- Indian resident
- Credit score above 700
Pros of ICICI Parakram Select Credit Card
- Strong reward structure
- Free lounge visits
- Attractive milestone bonuses
Cons of ICICI Parakram Select Credit Card
- Annual fee applies
- Some offers restricted to select merchants
Frequently Asked Questions about ICICI Parakram Select Credit Card
Is there a joining fee?
Yes. Joining fee is ₹999. It may be waived on promotional offers. Check bank T&Cs for details.
How can I get the annual fee waived?
Annual fee waiver applies on ₹1,00,000 annual spend. Check your statement for waiver eligibility.
What is the welcome bonus eligibility?
Welcome bonus: 10,000 reward points after ₹20,000 spend within first 90 days. Valid for new customers only.
How many lounge visits are included?
The card includes domestic and international lounge visits as listed; some visits may require prior spend in the preceding quarter.
Which documents are required to apply?
PAN and Aadhaar are required. Income proof (payslip or Form 16) may be required for salaried applicants.
Are mobile wallets supported?
Yes. Supported wallets include google pay, phone pay and paytm.
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