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1st Year Fee: ₹ 0
Reward Points
Up to 5 reward points per Rs. 100 spent
Lounge Access
4 domestic lounge visits every year
Fuel Benefits
Save up to Rs. 3,000 every year
Author: Shruti Sharma
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ICICI Parakram is one of the cards designed for defence personnel of the Indian Defence Services. The card offers 5 reward points per Rs. 100 spent at grocery stores, departmental stores and canteen stores, along with a base reward rate of 1 reward point per Rs. 100 on other eligible categories.
In addition to rewards, the card offers 1 complimentary domestic airport lounge access per quarter. It also other basic benefits like insurance coverage, fuel surcharge waiver and more. With the Defence Services embossed on the card, ICICI Parakram Credit Card can be a suitable option for eligible defence personnel looking for a credit card with rewards and basic travel benefits.
Note: This Card is not available on Paisabazaar. The content on this page is for information only. To express interest in this card, please visit ICICI Bank’s website.
Reward Points1
Lounge Access
Other Benefits

| Fee Type | Amount | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Nil | ||||||||||||||||||
| Annual Fee | Nil | ||||||||||||||||||
| Finance Charges | 3.75% p.m. | 45% p.a. | ||||||||||||||||||
| Late Payment Charges |
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You are a defence personnel looking for a credit card designed specifically for Defence Services
You frequently spend on groceries, departmental stores or canteen stores and want to earn accelerated rewards
You can spend Rs. 75,000 every quarter to maximize complimentary lounge visits
You are looking for a card that with basic rewards and travel benefits
Travel2.5/5
Rewards3.0/5
Fuel Benefits3.0/5
ICICI Parakram Credit Card stands out for its focus on the spending needs of Defence Services personnel. The accelerated reward rate of 5 points per Rs. 100 at grocery stores, departmental stores and canteen stores can be useful for cardholders who frequently spend on these categories. In addition to this, the card also offers basic travel and insurance benefits. Overall, ICICI Parakram Credit Card is best suited for eligible Defence Services personnel who regularly spend on grocery, departmental and canteen stores and want a card offering basic benefits.
Everything you need to know about this credit card
ICICI Parakram Credit Card is designed for eligible personnel of the Indian Defence Services. Applicants should check the latest eligibility criteria with ICICI Bank before applying.
Cardholders can earn 5 reward points per Rs. 100 spent at eligible grocery stores, departmental stores and canteen stores. The accelerated reward earning is capped at 1,000 points per month.
The card offers 1 reward point per Rs. 100 spent on eligible domestic transactions outside the accelerated reward categories.
Yes. Cardholders can avail 1 complimentary domestic airport lounge access per quarter by spending Rs. 75,000 or more in the previous quarter.
5 reward points per Rs. 100 spend is applicable to eligible spends at grocery stores, departmental stores and canteen stores. The accelerated reward earning is subject to a monthly cap of 1,000 reward points.
The card is specifically designed for Defence Services personnel and features an embossing of the Defence Services on the card. It also offers accelerated rewards on select everyday spends with lounge access and insurance benefits.
Eligible Defence Services personnel seeking a credit card with accelerated rewards on grocery, departmental and canteen store spends, along with airport lounge access and insurance benefits can consider this card.
Click here to know More Terms and Conditions
Shruti Sharma is a skilled content writer with a passion for simplifying personal finance for consumers. Specializing in credit cards and financial planning, she offers valuable insights that empower individuals to make informed financial choices. Through her writing, she shares practical tips and guides readers through the nuances of credit card usage.
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