ICICI Bank Parakram Credit Card
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Open to new applications · Earns reward point
First-year fee
₹0
NilAnnual fee
₹0
NilWhat it gives back
1 reward point per ₹100 · everyday spends
How it compares
Compared with the cards we have read
Fees
Joining feeAnnual fee
₹0Nil
Add-on card fee
₹199.
Rewards
Reward rate
1 reward point per ₹100 · everyday spendsEarn 1 reward point for every ₹100 spent.
Fuel earning
No reward points are provided for the Fuel category; this does not apply to the ICICI Bank Parakram Credit Card.
Groceries earning
5 accelerated reward points for every ₹100 spent at grocery stores, department stores and Canteen Stores Departments (CSD)
Reward exclusions
Insurance, utility and international spends: 0 ICICI Bank Reward Points (With effect from Apr 15, 2024)
Reward caps
A maximum of 1,000 reward points earned per month
Catalogue redemption
Redeem reward points for Health & Beauty, Travel & Luggage, Shopping Voucher, Home Appliances, Electronics, Fashion & Lifestyle.
Voucher and product redemption
Redeem reward points for Shopping Voucher.
Point expiry
Reward points have expiry of 36 months from the date of issuance.
Card benefits
Domestic lounge access
Get 1 Domestic Airport Lounge access quarterly for primary cardholders; you must spend ₹75,000 or more in a calendar quarter.
Also included
Fuel surcharge waiver
1% fuel surcharge waiver, applicable on transactions between ₹400 and ₹4,000; maximum monthly waiver capped at ₹250; applicable at all petrol pumps
Surcharge on railway tickets
1.80% of transaction value for Internet transactions and 2.50% for other bookings. For cards on American Express network: 1.80% of transaction value or ₹10 whichever is higher
Air accident cover
Air accident cover of ₹20 lakh (not applicable during the service; applicable only in a personal capacity and for non-service related events)
Charges
Forex markup
3.5% on foreign currency transactions.
Dynamic currency conversion markup
3.5%3.5% Dynamic Currency Conversion fee on all transactions conducted in Indian currency at international locations or transactions carried out in Indian currency at merchants located in India but registered in a foreign nation (Charges w.e.f. Jan 15, 2026)
Cash advance fee
2.5% on advanced amount, subject to minimum of ₹500
Cash withdrawal limit
The Credit Limit and Cash Withdrawal Limit are communicated at the time of delivery of the Card and are indicated in the monthly statements.
Interest on unpaid balance
3.75% per month i.e., 45% per annum.
Interest-free period
18 to 48 days interest-free when you pay in full.
Late payment fee
Ranging from ₹100 to ₹1300.
Over-limit fee
2.50% of the over-limit amount, subject to a minimum of ₹550
Payment return or dishonour fee
Return of cheque or Auto-Debit return: 2% of Total Amount Due (Min. ₹500)
Card replacement fee
₹200 for all cards with effect from July 1, 2024. Exception: ₹3500 for Emeralde Private Metal Credit Card and Times Black ICICI Bank Credit Card; ₹5000 for 1838 Reserve ICICI Bank Credit Card
Cash payment / cash deposit fee
A fee of ₹150 per payment transaction w.e.f. Jan 15, 2026 on cash deposited at any of the branches of ICICI Bank towards the Card payment
Education / school fee charge
A fee of 1% of the transaction amount for education payments made through third-party apps (w.e.f. Nov 15, 2024)
EMI conversion fee
Processing fee of 2.99%, capped at a maximum of ₹299 + 18% GST on all Instant EMI transactions with effect from Sep 01, 2025; processing fee of up to 2% of the transaction value on all EMI on Call transactions
Fee on online skill-based gaming spends
A fee of 2% of the transaction amount for skill-based gaming transactions (w.e.f. Jan 15, 2026)
Reward redemption fee
₹99 (subject to revision) plus GST
Wallet load charge
A fee of 1% of the transaction amount for wallet load transactions of ₹5,000 or more (w.e.f. Jan 15, 2026)
What the card's fee or benefit year means
The ICICI Bank Reward Points earning system follows an Anniversary Year of reward earning
Fuel transaction fee
A fee of 1% of the transaction amount for fuel transactions exceeding ₹10,000 (w.e.f. Nov 15, 2024)
Rent transaction fee
1% fee on transaction amount (Merchant Category Code: 6513)
Utility transaction fee
A fee of 1% of the transaction amount for utility payment transactions exceeding ₹50,000 (w.e.f. Nov 15, 2024)
GST note
GST may be applicable from time-to-time; presently the GST rate for banking and financial services is at 18% applicable on all fees, interest, surcharge and other charges
Grace days after the due date
Late Payment Charges will be applicable if the Minimum Amount Due is not paid by the payment due date (grace period of 3 days)
Minimum amount due
5% of the outstanding amount or such other amount as may be determined by ICICI Bank at its sole discretion.
Eligibility
Minimum age
An Indian citizen over 21 years of age.
Documents required
No physical documents required
In the terms, not the brochure (3)
Spend that unlocks lounge visits in the next period
Spend ₹75,000 or more in a calendar quarter to enjoy domestic lounge access.
What happens to unredeemed points if the card is closed
ICICI Bank reserves the right to nullify the Reward Points earned by the Card Member under the respective Schemes in case of ICICI Bank induced closure of the Card Account or the termination or cancellation of the card or of the respective Scheme.
Whether carrying a balance ends the interest-free period
No interest free period if the Total Amount Due is not paid by the payment due date + 3 days grace.
How we know - 6 documents from ICICI Bank, checked 19 Oct 2026
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