The verdict
A no-fee defence card with lounge, golf and category points, subject to eligibility, qualifying-spend and program terms.
The maths for it
No joining or annual fee is listed. Benefit quantities are stated, but their realized rupee value is not established.
The maths against
Point redemption value, lounge eligibility details and insurance exclusions are not fully established by this capture.
✓What works
- +Nil joining and annual fee on the product page.
- +2 international lounge visits annually and 2 domestic visits quarterly, with the stated domestic spend gate.
✕What doesn't
- −Restricted to eligible Indian Defence and Paramilitary personnel.
- −Reward redemption and benefit program conditions need further verification.
What it earns
10 points/₹100 on the listed grocery, department-store and CSD categories; 2 points/₹100 domestic spend. Category and exclusion terms need checking.
| Category | Reward Rate | Monthly Cap | Per ₹1L spent |
|---|---|---|---|
| Groceries, department stores and CSD canteens | 10 points / ₹100 | — | — |
| Domestic spend | 2 points / ₹100 | — | — |
Accelerated earn
This card does not offer merchant portal or accelerated multiplier rates.
Redemption options
The page lists merchandise and voucher redemption categories; point value and charges remain unverified.
Reward Scope: Inclusions & Exclusions
✓Eligible Spends (Inclusions)
- +1% fuel surcharge waiver advertised at any fuel outlet; transaction limits and caps unverified.
- +Air accident insurance up to ₹20 lakh and personal accident cover of ₹2 lakh, subject to policy terms.
Fee Schedule & Waiver Criteria
| Fee Component | Amount / Rate |
|---|---|
| Joining fee | Nil |
| Annual fee | Nil |
| Forex markup | 3.5%; tax and transaction conditions pending |
| Finance charge | 3.75% monthly stated for ATM withdrawal/minimum due; complete MITC scope pending |
Eligibility & Approval Criteria
| Criteria | Requirement |
|---|---|
| Applicant | Indian citizen over 21 and Indian Defence or Paramilitary personnel |
Frequently Asked Questions
Kya ICICI Bank Parakram Select Credit Card par airport lounge access milta hai?
Haan. 2 international/year; 2 domestic/quarter after ₹75,000 eligible preceding quarter spend
ICICI Bank Parakram Select Credit Card ke MITC charges, annual fee aur interest rate kya hain?
Annual renewal fee Nil hai. Fee waiver condition: Joining and annual fees nil on official product page. Revolving credit interest rate: 3.75% monthly stated for ATM withdrawal/minimum due; complete MITC scope pending. Foreign currency markup: 3.5%; tax and transaction conditions pending. Baaki ya missing charges ke liye bank ka current MITC check karein.
ICICI Bank Parakram Select Credit Card par reward rate aur points ki real rupee value kya hai?
Published earn rate: 10 points/₹100 groceries, department stores and CSD canteens; 2 points/₹100 domestic spend; point value unverified. Point value ke liye bank ke current terms check karein.
ICICI Bank Parakram Select Credit Card par kin spends par rewards nahi milte aur fuel terms kya hain?
Verified card details mein reward exclusions listed nahi hain. Fuel surcharge waiver ke liye bank ke terms check karein.
2026 mein ICICI Bank Parakram Select Credit Card kin users ke liye best suited hai?
Card details ke mutabik yeh "Eligible Indian Defence and Paramilitary personnel" ke liye suited hai. Apne spends aur annual fee se value compare karein.
Editorial Deep-Dive Analysis
Detailed Overview: ICICI Bank Parakram Select Credit Card
ICICI Bank Parakram Select Credit Card Indian Armed Forces, Paramilitary forces aur defence establishments ke serving aur retired personnel ke samman aur service ke liye specially designed ek lifetime-free credit card hai. Yeh card defence canteens aur household shopping par accelerated rewards ke saath international aur domestic travel privileges bina kisi annual maintenance charge ke provide karta hai.
Key Privileges aur Everyday Benefits
- Lifetime Free Structure:
- Zero Joining aur Zero Annual Fee: Is card par koi joining ya renewal fees charge nahi hoti, jisse yeh zero recurring cost par premium banking privileges deliver karta hai.
- Accelerated CSD aur Grocery Rewards:
- Groceries, departmental stores aur official CSD (Canteen Stores Department) canteens par spends karne par ₹100 par 10 reward points milte hain.
- General Retail Rewards:
- Domestic retail transactions par ₹100 spend karne par 2 reward points earn hote hain.
- Travel aur Airport Lounge Access:
- International Airport Lounges: Primary cardholder ke liye per calendar year 2 complimentary international airport lounge visits.
- Domestic Airport Lounges: Desh bhar ke participating domestic airport lounges mein per calendar quarter 2 complimentary visits (preceding quarter spend criteria meet karne ke baad active hoti hai).
- Golf Privileges:
- Premier golf courses par per calendar month 1 complimentary golf round ya training lesson (preceding calendar month mein ₹50,000 eligible spend complete karne par).
- Complimentary Insurance Coverage:
- Defence personnel aur unki family ki security ke liye ₹20 lakh tak ka Air Accident Cover aur ₹2 lakh ka Personal Accident Cover complimentary milta hai.
- Fuel Surcharge Relief:
- Desh bhar ke fuel stations par 1% fuel surcharge complete waive off hota hai.
Important Terms aur Spend Conditions jo Samajhna Zaroori Hai
Card ke benefits ko smoothly utilize karne ke liye yeh operational guidelines dhyaan mein rakhna zaroori hai:
- Eligibility Verification: Yeh card exclusively Indian Army, Navy, Air Force, Coast Guard aur Paramilitary forces ke serving aur veteran personnel ke liye available hai, jiska verification service credentials ke basis par hota hai.
- Quarterly Domestic Lounge Threshold: Domestic lounge access avail karne ke liye preceding calendar quarter mein ₹75,000 ka eligible spend complete hona required hai, jabki international lounge access annual complimentary basis par milta hai.
- Golf Booking Guidelines: Monthly complimentary golf round ke liye preceding month mein ₹50,000 ka spend required hota hai aur booking ICICI concierge portal ke through advance mein karni hoti hai.
- Reward Points Valuation: Earned points ko ICICI Rewards portal par shopping vouchers, merchandise ya travel bookings ke liye redeem kiya ja sakta hai.
Yeh Card Kinke Liye Best Fit Hai
- Serving aur Veteran Defence Personnel: Officers, JCOs aur jawans jo apni military service ke honour mein bina kisi annual charges ke ek premium card chahte hain.
- Regular CSD Canteen Shoppers: Families jo routine grocery aur household shopping military canteens se karti hain aur un par accelerated points accumulate karna chahti hain.
- Air Bases aur Metros mein Posted Commuters: Personnel jo official transit ya annual leave travel ke time domestic aur international airport lounges ka comfortable access chahte hain.
Independent Editorial & Legal Disclaimers
Institutional Transparency & Nominative Fair Use Statement
CredSutra ek independent credit card discovery platform hai. CredSutra koi Bank, NBFC ya Direct Selling Agent (DSA) nahi hai.
⚖️ Trademark & Intellectual Property Ownership:Is page par mention kiye gaye sabhi registered trademarks, brand names, aur card titles—jaise ki ICICI Bank, HDFC Bank, Axis Bank, SBI Card, ICICI Bank, RBL Bank, American Express, Visa, Mastercard, RuPay—unke respective banks ke exclusive intellectual property hain. CredSutra in marks par koi ownership claim nahi karta.
🏛️ Nominative Fair Use (Trade Marks Act, 1999):Brand aur card names ka use Trade Marks Act 1999 Section 30 ke tehat strictly comparative identification aur consumer education purpose ke liye kiya gaya hai. CredSutra ICICI Bank se affiliated ya endorsed nahi hai.
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📋 Official Bank Terms & MITC Verification:Reward rates aur fees publicly available bank circulars aur MITC documents par based hain. Apply karne se pehle official bank portal par terms zaroor verify karein. Approval ka final decision exclusively ICICI Bank ke paas hota hai.
Read Full Legal & Regulatory Disclaimers →Section 30 Trade Marks Act, 1999 & Rule 3(2) IT Rules 2021