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ICICI Bank Parakram Select Credit Card
ICICI Bank

ICICI Bank Parakram Select Credit Card

Not rated yet - COFFER rates a card only after reading every document the bank publishes for it. How we rate

Open to new applications · Earns Reward Points

First-year fee

₹0

Nil

Annual fee

₹0

What it gives back

2 Reward Points per ₹100 · everyday spends

Read from 7 ICICI Bank documents, last checked 19 Oct 2026.

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How it compares

Compared with the cards we have read

No annual fee: one of 78 cards that state none, out of the 274 open cards whose annual fee we have read.

3.5% forex markup: of the 291 other open cards whose forex markup we have read, 103 state a lower one and 188 state the same.

Fees

  • Joining feeAnnual fee

    ₹0Nil

  • Add-on card fee

    ₹199.

Rewards

  • Reward rate

    2 Reward Points per ₹100 · everyday spendsEarn 2 ICICI Bank Reward Points for every ₹100 spent.

  • Fuel earning

    No reward points are provided for the Fuel category; this does not apply to the ICICI Bank Parakram Select Credit Card.

  • Groceries earning

    10 reward points per ₹100 at grocery stores; department stores and CSDs (max 1,000 points per month)

  • Reward exclusions

    No reward points will be provided for transactions falling under the Cash and Rent categories.

  • Reward caps

    Maximum 1,000 reward points earned per month at grocery stores, department stores and CSDs

  • Catalogue redemption

    Redeem reward points for Health & Beauty, Travel & Luggage, Shopping Vouchers, Home Appliances, Electronics, Fashion & Lifestyle.

  • Voucher and product redemption

    Redeem reward points for Shopping Vouchers.

  • Point expiry

    Reward points have expiry of 36 months from the date of issuance.

Card benefits

  • International lounge access

    2 complimentary lounge accesses at international airports every year.

  • Domestic lounge access

    Get 2 Domestic Airport Lounge access quarterly for primary cardholders; you must spend ₹75,000 or more in a calendar quarter.

  • Priority Pass

    Complimentary Priority Pass Membership for primary cardholder; access 1,400+ lounges in 145+ countries worldwide.

  • Golf

    1 round or lesson of golf per month for every ₹50,000 spent on retail purchases in the previous calendar month; maximum 1 round per month

  • Concierge

    iAssist 24x7 concierge service available on 1800-26-70731 (toll free for MTNL/BSNL lines) or 022-67872016 (standard call charges applicable)

Also included

  • Fuel surcharge waiver

    1% surcharge waiver on fuel purchases at any fuel outlet.

  • 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.

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 advance interest

    3.75% per month

  • 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

  • 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)

  • 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 ageResidency

    An Indian citizen over 21 years of age.

  • Documents required

    Identity Proof, Address Proof, Income Proof; 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 avail the lounge access benefit in the following calendar quarter.

  • What happens to unredeemed points if the card is closed

    If the ICICI Bank Credit Card is terminated, whether voluntarily by the Primary Card Member or by the Bank, the Card Member will immediately cease to be eligible for earning reward points or cashback. All unused or unredeemed reward points or cashback shall automatically be forfeited immediately after voluntary or involuntary cancellation.

  • 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 - 7 documents from ICICI Bank, checked 19 Oct 2026

7 documents from ICICI Bank, checked 19 Oct 2026.

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