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ICICI Bank Parakram Credit Card

A basic lifetime-free credit card with enhanced CSD and grocery rewards for defence personnel

JOIN
LTF
ANNUAL
LTF
REWARDS
0.25% to 1.25%
APR
42.36% p.a.
VISA CREDIT Gold Plastic VIRTUAL OK
[ APPLY ON ICICI BANK → ]

§ BENEFITS

rewards

5X Reward Points on CSD & Grocery

Earn 5X reward points on CSD (Canteen Stores Department) and grocery spends

5X RP

rewards

Reward Points on Other Spends

Earn 1 reward point per ₹100 on all other transactions

1 RP per ₹100

fuel

Fuel Surcharge Waiver

1% fuel surcharge waiver on transactions between ₹400–₹4,000

1% waiver

cashback

No Annual Fee

Lifetime free card with no joining or annual fees for defence personnel

LTF

§ ELIGIBILITY

Employment
Salaried
Min annual income
₹2,00,000
Min monthly salary
₹15,000
Age
21 – 60
Min credit score
650
Existing account?
Not required
Invitation only?
No

§ FEES

Joining fee
Lifetime free

† Free (Lifetime)

Annual fee
Lifetime free

† Free (Lifetime)

APR (monthly)
3.53% p.m.
APR (annual)
42.36% p.a.
Late payment fee
₹1,200

† per cycle, charged to statement

Over-limit fee
₹500
Cheque bounce
₹500
Grace period
48 days
Min due
5%

† or ₹200, whichever higher

§ ATM & CASH

Own bank free / month
0
Own bank charge
₹200
Other bank free / month
0
Other bank charge
₹200
International withdrawal
₹250

† + 3.5% of txn

Cash advance fee
2.5%

† min ₹500

§ TRANSACTIONS

Currency markup
3.5%
DCC fee
1%
Cross-border fee
SMS alert / month
PIN regen
₹100
Physical statement
₹100

§ FUEL

Surcharge waiver
1%
Min txn
₹400
Max txn
₹4,000
Max waiver / cycle
₹100
Networks
All

§ LIMITS

ATM / day
₹15,000
POS + e-com / day
₹1,50,000
Contactless / txn
₹2,000
Contactless / day
₹15,000

§ INSURANCE

Insurance
Not provided

§ REWARDS

Programme
ICICI Reward Points
Earn rate
5X on CSD/grocery, 1 RP per ₹100 on others
Point value
₹0.25
Effective cashback
0.25%
Min redemption
500 pts
Expiry
3 years from date of accrual

§ LOUNGE

Domestic
Not available
International
Not available
Domestic guests allowed?
No
International guests allowed?
No

§ SIMILAR CARDS

Information here is for reference. Always verify on the issuing bank's site before applying. oriz · cards is not affiliated with ICICI Bank and earns no commission on applications.