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ICICI Bank Parakram Credit Cards: For Defence Personnel

Home Credit Card ICICI Bank Credit Card Parakram Credit Cards
Updated: 14-08-2025 11:44:36 AM

Similar to many other ICICI Bank credit cards that cater specifically to different customer segments, the ICICI Bank Parakram Credit Cards are exclusively designed for the Defence personnel. The cards come in two variants- ICICI Bank Parakram Credit Card and ICICI Bank Parakram Select Credit Card.

These are offered only to people serving in the Indian Army, Air Force, Navy, or Paramilitary Forces. To match best with the targeted groups, the cards offer accelerated rewards on spends at  the CSD – Canteen Stores Departments. Additionally, cardholders can also save on other everyday categories like grocery and departmental stores. The benefit is also extended towards travel via the complimentary domestic lounge access. Select variant users can even avail the lounge access feature at international lounges and complimentary golf access, too good features for a lifetime free card.

ICICI Bank Parakram Credit Cards: Key Highlights
ICICI Bank Parakram Credit Card ICICI Bank Parakram Select Credit Card
Fee Lifetime Free Lifetime Free
Offered to Indian Defence & Paramilitary Personnel Indian Defence & Paramilitary Personnel
Best Feature Accelerated rewards at  Canteen Stores Departments Accelerated rewards at  Canteen Stores Departments
Rewards Up to 5 rewards per Rs. 100 Up to 10 rewards per Rs. 100
Lounge Access Domestic Airports Domestic and International Airports

Note: This Card is not available on Paisabazaar.com. The content on this page is for information only. To apply for this card, please visit ICICI Bank website

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ICICI Bank Parakram Credit Cards: Features & Benefits
ICICI Parakram Credit Cards: Fees & Charges
ICICI Parakram Credit Cards: Eligibility & Documentation
ICICI Bank Parakram Credit Cards: Features & Benefits

ICICI Bank Parakram Credit Card 

  • 1 complimentary domestic airport lounge access per quarter
  • 1 ICICI Bank reward point per Rs. 100 on all categories
  • 5X ICICI Bank reward points per Rs. 100 on grocery, department stores & Canteen Stores Departments (CSD)- 1000 points max per month

ICICI Bank Parakram Select Credit Card

  • 2 complimentary domestic airport lounge accesses per quarter
  • 1 complimentary International airport lounge access per quarter
  • 1 complimentary golf round on spending Rs. 50,000
  • Up to 2 ICICI Bank reward points per Rs. 100 spent on various categories
  • 5X ICICI Bank reward points per Rs. 100 on grocery, department stores & Canteen Stores Departments (CSD) -1000 points max per month

Common Features Across both Variants

  • Excluded categories: Fuel, cash advance, ATM cash withdrawal, international spends, utility, insurance, expenditure in the form of EMI payment, balance transfer, personal loan on credit card (PLCC), fees and other charges.
  • 1% fuel surcharge waiver on transactions at any fuel outlet
  • Personal accident insurance of Rs 2 lakh
  • Air accident cover of Rs 20 lakh
  • Up to 3 free add-on cards
ICICI Parakram Credit Cards: Fees & Charges
Fee Type Amount
Joining Fee Nil
Annual Fee Nil
Finance Charges 3.67% p.m.| 44% p.a.
Late Payment Charges For Statement Balance:

  • Below Rs. 100: Nil
  • Between Rs. 100 to Rs. 500: Rs. 100
  • Between Rs. 501 to Rs. 5,000: Rs. 500
  • Between Rs. 5,001 to Rs. 10,000: Rs. 750
  • Between Rs. 10,001 to Rs. 25,000: Rs. 900
  • Between Rs. 25,001 to Rs. 50,000: Rs. 1,000
  • Above Rs. 50,000: Rs. 1,200

Click here to check more details on fees and charges associated with ICICI Parakram Credit Cards.

ICICI Parakram Credit Cards: Eligibility & Documentation

The ICICI Parakram credit cards are exclusively offered to Indian Defence & Paramilitary Personnel, but some general eligibility requirements are as follows:

Criteria Details
Age 18 to 60 years
Serviceable Cities Click here for the list of eligible cities
Documents Required Click here for the list of acceptable documents
Credit Card Annual Fee Best Feature
BoB Indian Army Yoddha Credit Card Nil Up to 10 reward points per Rs. 100
BoB Vikram Credit Card Nil Up to 5 rewards per Rs. 100 spent
Axis Bank Pride Signature Credit Card Rs. 500 8 EDGE rewards per Rs. 200 spent
Shaurya Select SBI Card Rs. 1,499 Up to 10 rewards per Rs. 100 spent

Know more on Credit Cards for Defence Personnel

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