ICICI Bank
Gold · Parakram
ICICI Bank Parakram Credit Card
ICICI Bank
A basic lifetime-free credit card with enhanced CSD and grocery rewards for defence personnel
Annual Fee
Free
Joining Fee
Free
Reward Rate
0.3%
Forex Markup
3.5%
Value Analysis
Annual Net Value
₹1,500
Total Annual Benefits
₹1,500
Total Annual Charges
₹0
ROI
100%
Card Analytics
Visual breakdown of value, benefits, and limits
Value Breakdown
Benefits Distribution
Transaction Limits
Card Scorecard
Charges Breakdown
No charges applicable
Benefits & Perks
Reward Points (2)
5X Reward Points on CSD & Grocery
Earn 5X reward points on CSD (Canteen Stores Department) and grocery spends
- • Valid at CSD canteens and grocery stores
- • 5X multiplier on base earn rate
5X RP
Reward Points on Other Spends
Earn 1 reward point per ₹100 on all other transactions
- • Excludes fuel, cash advances, EMI conversion
1 RP per ₹100
Fuel Benefits (1)
Fuel Surcharge Waiver
1% fuel surcharge waiver on transactions between ₹400–₹4,000
- • Valid on transactions ₹400–₹4,000
- • Max ₹100 per statement cycle
1% waiver
₹1,200/yr
Cashback Benefits (1)
No Annual Fee
Lifetime free card with no joining or annual fees for defence personnel
- • No minimum spend required to maintain free status
LTF
Reward Program
Program
ICICI Reward Points
5X on CSD/grocery, 1 RP per ₹100 on others
Effective cashback: 0.25%
Points expire: 3 years from date of accrual
Redemption Options
- → Products & Vouchers from ICICI Rewards Catalogue
- → Statement credit
Bonus Categories
CSD & Grocery
5x multiplier
5X reward points on CSD and grocery spends
All Other Spends
1x multiplier
1 RP per ₹100 on all other transactions
Fees & Charges
| Charge | Amount |
|---|---|
| Joining Fee | Free Free (Lifetime) |
| Annual Fee | Free Free (Lifetime) |
| Add-on Card Fee | Free Free |
Transaction Charges
- Forex Markup
- 3.5%
- Interest Rate (Monthly)
- 3.53%
- Late Payment Fee
- ₹1,200
- Cash Advance Fee
- 2.5%
ATM Charges
- Own Bank Withdrawal
- ₹200
- Other Bank Withdrawal
- ₹200
- Intl. Withdrawal Fee
- 3.5% + ₹250
Fuel Surcharge Waiver
1% waiver on transactions between ₹400 – ₹4,000. Max waiver: ₹100/cycle.
Eligibility
Requirements
- Min. Monthly Income
- ₹15,000
- Min. Annual Income
- ₹2,00,000
- Min. Credit Score
- 650
- Age Range
- 21 – 60 years
- Employment
- Salaried
Notes
- • Exclusively for defence personnel and their families
- • Salaried: Gross Monthly Income > ₹15,000
- • Age 21–60
- • Valid defence ID required during application
Airport Lounge Access
Domestic
0 visits/year
Not available
International
0 visits/year
Not available
- • No complimentary lounge access on this card
Transaction Limits
ATM Withdrawal / Day
₹15,000
POS & E-Commerce / Day
₹1,50,000
Contactless / Txn
₹2,000
Features
Lifetime free (no annual fee) Contactless payments EMV chip security Designed for defence personnel Add-on cards available EMI conversion facility 5X rewards on CSD and grocery CSD canteen benefits Easy approval for defence families
EMI Options
Min. Transaction
₹2,500
Interest / Month
1.5%
Tenure Options
3, 6, 9, 12 months
Processing Fee
1%
Ready to Apply?
The ICICI Bank Parakram Credit Card is a Visa Gold lifetime-free card designed for defence personnel. It offers 5X reward points on CSD (Canteen Store...
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