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ICICI Bank Parakram Select Credit Card

ICICI Bank

Annual / renewal fee

  • Nil first year.
  • Nil second year onwards (no annual fee).

VerifiedMost Important Terms & Conditions (MITC) – ICICI Bank Credit Cards (covers Parakram Select)3 Aug 2026, 9:45 PM ISTICICI Bank

Earn rate

  • 10 ICICI Bank Reward Points per ₹100 spent on Grocery & Department Stores (capped at 1,000 Reward Points per month, w.e.f. Apr 15, 2024).
  • 2 Reward Points per ₹100 in all other categories (excluding those listed below).
  • 0 points on Insurance, Utility and International spends (w.e.f. Apr 15, 2024).

Verifiedharvested from product page3 Aug 2026, 9:45 PM ISTICICI Bank

View on official site →

This is the issuer's own page for this card. We earn nothing from this link.

You'll land on the issuer's official application portal at icici.bank.in — if a different card is shown first, use its card selector to pick this one.

Source-traced to issuer Verified 2026-08-03
View on official site →

This is the issuer's own page for this card. We earn nothing from this link.

You'll land on the issuer's official application portal at icici.bank.in — if a different card is shown first, use its card selector to pick this one.

Overview

ICICI Bank Parakram Select Credit Card by ICICI Bank. Facts on this page are extracted and verified automatically from official issuer documents.

Fees

Joining fee

Rs. Nil (no joining fee).

VerifiedMost Important Terms & Conditions (MITC) – ICICI Bank Credit Cards (covers Parakram Select)3 Aug 2026, 9:45 PM ISTICICI Bank

Annual / renewal fee

  • Nil first year.
  • Nil second year onwards (no annual fee).

VerifiedMost Important Terms & Conditions (MITC) – ICICI Bank Credit Cards (covers Parakram Select)3 Aug 2026, 9:45 PM ISTICICI Bank

Fee waiver

No annual fee reversal criteria applicable (NA) - the card carries no joining or annual fee, so no minimum spend waiver requirement applies.

VerifiedMost Important Terms & Conditions (MITC) – ICICI Bank Credit Cards (covers Parakram Select)3 Aug 2026, 9:45 PM ISTICICI Bank

Renewal fee

₹0 (Nil) 2nd year onwards.

VerifiedMost Important Terms & Conditions (MITC) – ICICI Bank Credit Cards (covers Parakram Select)3 Aug 2026, 9:45 PM ISTICICI Bank

Rewards

  • 10 ICICI Bank Reward Points per ₹100 spent on Grocery & Department Stores (capped at 1,000 Reward Points per month, w.e.f. Apr 15, 2024).
  • 2 Reward Points per ₹100 in all other categories (excluding those listed below).
  • 0 points on Insurance, Utility and International spends (w.e.f. Apr 15, 2024).

Verifiedharvested from product page3 Aug 2026, 9:45 PM IST

Redemption value

  • Redemption handling fee of ₹99 plus GST charged towards handling and delivery on every redemption request for reward points earned on ICICI Bank Credit Cards.
  • Reward points expire 36 months from date of issuance.

Verifiedharvested from product page3 Aug 2026, 9:45 PM ISTICICI Bank

Reward cap

  • Grocery & Department Stores earning capped at 1,000 Reward Points per month.
  • Per statement cycle MCC caps: Utility Spend ₹40,000, Insurance Spend ₹40,000, Grocery/Departmental NA (w.e.f. Nov 15, 2024).
  • Transportation Transaction capped at ₹10,000 per statement cycle (w.e.f. Feb 01, 2026).

VerifiedMost Important Terms & Conditions (MITC) – ICICI Bank Credit Cards (covers Parakram Select)3 Aug 2026, 9:45 PM ISTICICI Bank

Reward exclusion

Cash advanceATM withdrawalEMIBalance transferPLCCFees and other charges; 0 points on InsuranceUtility and International spends; no points on Fuel category (Parakram Select exempt from fuel exclusion per MITC)

Verifiedharvested from product page3 Aug 2026, 9:45 PM ISTICICI Bank

Travel & lounge

Lounge access

  • 2 complimentary Domestic Airport lounge accesses per quarter.
  • 1 complimentary International Airport lounge access per year (w.e.f. Apr 15, 2024).
  • Access subject to lounge availability on first-come first-serve basis.

Verifiedharvested from product page3 Aug 2026, 9:45 PM ISTICICI Bank

Dining, golf, concierge, insurance, milestones & welcome

Welcome benefit

  • Up to 3 free add-on cards (no additional fee).
  • No other joining/welcome benefit stated on official source.
  • Threshold not stated on official source.

Verifiedharvested from product page3 Aug 2026, 9:45 PM ISTICICI Bank

Golf benefit

  • 1 complimentary round of golf on spending ₹50,000 on the Card.
  • Maximum 4 rounds per month.
  • ₹50,000 spend required for each round.
  • Access via third party vendors.

Verifiedharvested from product page3 Aug 2026, 9:45 PM ISTICICI Bank

Insurance

  • Personal Accident insurance of ₹2 lakh (Accidental Death) and Air Accident cover of ₹20 lakh.
  • Benefit applies only in a personal capacity for non-service related events.
  • A POS/E-com transaction on the card in the last 30 days prior to date of loss is required for eligibility.
  • Insurer: ICICI Lombard General Insurance Co. Ltd.

Verifiedharvested from product page3 Aug 2026, 9:45 PM ISTICICI Bank

Milestone benefit

  • BookMyShow offer: enjoy the offer on the Card by spending ₹25,000 or more in the preceding quarter (w.e.f. Jan 15, 2026).
  • Cycle repeats every quarter.
  • ICICI Bank Parakram Select Credit Card is listed among eligible cards.

VerifiedMost Important Terms & Conditions (MITC) – ICICI Bank Credit Cards (covers Parakram Select)3 Aug 2026, 9:45 PM ISTICICI Bank

Eligibility

Eligibility

Available to Defence Personnel - individuals who are part of the Defence services as identified by the Bank's product grid (subject to updation and changes in the grid).

Verifiedharvested from product page3 Aug 2026, 9:45 PM ISTICICI Bank

Charges & interest

Forex markup

  • Foreign currency transaction mark-up of 3.50%.
  • A refund initiated by the customer on similar Foreign Currency transactions will also attract a 3.5% Mark-up fee.

VerifiedMost Important Terms & Conditions (MITC) – ICICI Bank Credit Cards (covers Parakram Select)3 Aug 2026, 9:45 PM ISTICICI Bank

Charge

  • Finance charges: 3.75% per month (45% p.a.) on retail and cash advances (w.e.f. Nov 15, 2024).
  • Cash advance transaction fee: 2.5% of advanced amount, min ₹500.
  • Add-on/Supplementary card fee: ₹199 (w.e.f. Nov 15, 2024).
  • Card replacement fee: ₹200 for all cards (w.e.f. July 1, 2024).
  • Dynamic Currency Conversion fee: 3.5% (w.e.f. Jan 15, 2026, from earlier 1%).
  • Rent Pay: 1% of transaction (MCC 6513).
  • Fuel transaction: 1% on fuel transactions exceeding ₹10,000 (w.e.f. Nov 15, 2024).
  • Utility transaction: 1% on utility payments exceeding ₹50,000 (w.e.f. Nov 15, 2024).
  • Transportation transaction: 1% on transactions exceeding ₹50,000 (w.e.f. Jan 15, 2026).
  • Education payment via third-party apps: 1% (w.e.f. Nov 15, 2024).
  • Skill-based gaming: 2% (w.e.f. Jan 15, 2026).
  • Wallet load: 1% on transactions of ₹5,000 or more (w.e.f. Jan 15, 2026).
  • Over-limit charge: 2.50% of over-limit amount (min ₹550).
  • Fee on cash payment at branches: ₹150 per payment transaction (w.e.f. Jan 15, 2026).
  • Late payment charges: None below ₹100, up to ₹1,300 for outstanding more than ₹50,000.
  • Return of cheque / Auto-debit return fee: 2% of Total Amount Due (min ₹500).
  • GST at 18% applicable on fees and charges.

VerifiedMost Important Terms & Conditions (MITC) – ICICI Bank Credit Cards (covers Parakram Select)3 Aug 2026, 9:45 PM ISTICICI Bank

Fuel surcharge waiver

1% fuel surcharge waiver, applicable on transactions between ₹400 and ₹4,000, maximum monthly waiver capped at ₹250, applicable on all petrol pumps.

Verifiedharvested from product page3 Aug 2026, 9:45 PM ISTICICI Bank

Interest-free period

  • Interest-free period ranges from 18 to 48 days.
  • A grace period of 3 days is given after the payment due date.

VerifiedMost Important Terms & Conditions (MITC) – ICICI Bank Credit Cards (covers Parakram Select)3 Aug 2026, 9:45 PM ISTICICI Bank

Transfers

Not published in the official documents on file — see the official T&C link below.

Common questions

What is the annual fee on the ICICI Bank Parakram Select Credit Card?

Officially traced: Nil first year.

Most Important Terms & Conditions (MITC) – ICICI Bank Credit Cards (covers Parakram Select)

What is the joining fee on the ICICI Bank Parakram Select Credit Card?

Officially traced: Nil (no joining fee).

Most Important Terms & Conditions (MITC) – ICICI Bank Credit Cards (covers Parakram Select)

Is the ICICI Bank Parakram Select Credit Card annual fee ever waived?

No annual fee reversal criteria applicable (NA) - the card carries no joining or annual fee, so no minimum spend waiver requirement applies.

Most Important Terms & Conditions (MITC) – ICICI Bank Credit Cards (covers Parakram Select)

How does the ICICI Bank Parakram Select Credit Card earn rewards?

10 ICICI Bank Reward Points per Rs. 100 spent on Grocery & Department Stores (capped at 1,000 Reward Points per month, w.e.f.

harvested from product page

What lounge access does the ICICI Bank Parakram Select Credit Card include?

2 complimentary Domestic Airport lounge accesses per quarter; 1 complimentary International Airport lounge access per year (w.e.f.

harvested from product page

What welcome benefit does the ICICI Bank Parakram Select Credit Card offer?

Up to 3 free add-on cards (no additional fee).

harvested from product page

What are the transfer ratios for ICICI Bank Parakram Select Credit Card points?

Transfer ratios are not shown here as a confident value. Confirm the current ratio in your issuer account before transferring.

Other verified details

Not published in the official documents on file — see the official T&C link below.

Official documents & verification

Official issuer pageMost Important Terms & Conditions (MITC) – ICICI Bank Credit Cards (covers Parakram Select)harvested from product page

Verified 2026-08-03 · facts from the official issuer page. Issuers may change fees, earn rates, lounge counts and waivers without notice — always confirm before applying.

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