Who should use the Parakram Credit Card from ICICI Bank?

The Parakram Credit Card from ICICI Bank is best suited for Defence personnel.

What are the benefits of the ICICI Bank Parakram Credit Card?

The ICICI Bank Parakram Credit Card comes with benefits such as reward points on CSD purchases, airport lounge access, insurance benefits and fuel surcharge waiver.

How many reward points can be earned on everyday purchases with the Parakram Credit Card?

Earn 1 reward point for every ₹100 spent and 5 accelerated reward points for every ₹100 spent at grocery stores, department stores and Canteen Stores Departments (CSD), with a maximum of 1,000 reward points earned per month.

Can I make an online purchase with the ICICI Bank Parakram Credit Card?

Yes. You can easily make online purchases in India as well as at select overseas online stores using the ICICI Bank Parakram Credit Card.

What are the lounge benefits that the Parakram Credit Card offers?

The Parakram Credit Card comes with 1 airport lounge access per quarter. To enjoy domestic lounge access, you must spend ₹ 75,000 or more on your Parakram Credit Card in a calendar quarter. This entitles you to avail the lounge access benefit in the following calendar quarter. The benefit is exclusively applicable to the primary Cardholder. Please note that the airport lounge access benefit is available only for primary Cardholders.

Which Credit Card is ideal for Defence personnel?

The ICICI Bank Parakram Credit Card is an excellent choice for Defence personnel. It offers reward points on almost every purchase.

What are the insurance benefits of the Parakram Credit Card?

The ICICI Bank Parakram Credit Card has personal insurance cover of ₹2 lakh and air accident insurance cover of ₹20 lakh.

DefenceVisa

ICICI Bank Parakram Credit Card

Defence personnel card with lifetime free status and lounge access

Annual feeLifetime Free

Rewards1.00%1 Reward Point per ₹100

Forex markup3.5%3.5%

Apply Now Check Eligibility →

Secure · Free · No spam calls

Rewards

Base earn rate

Earn 1 reward point for every ₹100 spent

Category	Rate	Cap
Grocery Stores	—	—
Department Stores	—	—
Canteen Stores Department Csd	—	—

• Redemption fee: ₹99

Lounge access

Domestic

4visits / year

Max 1 per quarter
Requires ₹75,000 prior spend

International

Not included

Fees & charges

Joining fee: Joining fee- Nil
Annual / renewal fee: Lifetime free
Add-on card fee: ₹199
Interest rate: Pay 3.75% interest per month
Interest-free period: 48 days
Cash advance fee: ATM withdrawal - Pay 3.75% interest per month
Overlimit fee: 2.5%, min ₹550
Payment dishonour: ₹500
Forex markup: 3.5%
DCC markup: 3.50%
Reward redemption: ₹99 per redemption
Fuel surcharge: 1% waiver, on ₹400–₹4000 txns, max ₹50,000/cycle

Late payment

For late bill payment - Ranging from ₹100 to ₹1300

View official MITC →

Insurance covers

Air accident

₹20L

Get an Air Accident Insurance cover up to ₹20 lakhs

Credit liability

₹2L

Eligibility

Age: 21+ years

Employment types

Defence PersonnelParamilitary Personnel

Required documents

identity_proof
address_proof
income_proof

Features

✓ International usage

Additional features

Defence Services title embossed on your Card
Can make online purchases in India as well as at select overseas online stores

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DefenceVisa

ICICI Bank Parakram Credit Card

Defence personnel card with lifetime free status and lounge access

Annual feeLifetime Free

Rewards1.00%1 Reward Point per ₹100

Forex markup3.5%3.5%

Apply Now Check Eligibility →

Secure · Free · No spam calls

Rewards

Base earn rate

Earn 1 reward point for every ₹100 spent

Category	Rate	Cap
Grocery Stores	—	—
Department Stores	—	—
Canteen Stores Department Csd	—	—

• Redemption fee: ₹99

Lounge access

Domestic

4visits / year

Max 1 per quarter
Requires ₹75,000 prior spend

International

Not included

Fees & charges

Joining fee: Joining fee- Nil
Annual / renewal fee: Lifetime free
Add-on card fee: ₹199
Interest rate: Pay 3.75% interest per month
Interest-free period: 48 days
Cash advance fee: ATM withdrawal - Pay 3.75% interest per month
Overlimit fee: 2.5%, min ₹550
Payment dishonour: ₹500
Forex markup: 3.5%
DCC markup: 3.50%
Reward redemption: ₹99 per redemption
Fuel surcharge: 1% waiver, on ₹400–₹4000 txns, max ₹50,000/cycle

Late payment

For late bill payment - Ranging from ₹100 to ₹1300

View official MITC →

Insurance covers

Air accident

₹20L

Get an Air Accident Insurance cover up to ₹20 lakhs

Credit liability

₹2L

Eligibility

Age: 21+ years

Employment types

Defence PersonnelParamilitary Personnel

Required documents

identity_proof
address_proof
income_proof

Features

✓ International usage

Additional features

Defence Services title embossed on your Card
Can make online purchases in India as well as at select overseas online stores

ICICI Bank Parakram Credit Card

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ICICI Bank Parakram Credit Card

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