DefenceMidVisa

Parakram Select Credit Card

Premium travel perks, zero annual cost

Annual feeLifetime Free

RewardsEarn 2 ICICI Bank Reward Points for every ₹100 spent using the Card on certain categories of spends

Forex markup3.5%3.5%

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Rewards

Base earn rate

Earn 2 ICICI Bank Reward Points for every ₹100 spent using the Card on certain categories of spends

ICICI Bank Reward Points

Category	Details
Groceries	Earn 10 ICICI Bank Reward Points per ₹100 spent at grocery stores, department stores and CSDs, with maximum 1,000 reward points earned per month
Department Stores	Earn 10 ICICI Bank Reward Points per ₹100 spent at grocery stores, department stores and CSDs, with maximum 1,000 reward points earned per month
Canteen Stores Department (CSD)	Earn 10 ICICI Bank Reward Points per ₹100 spent at grocery stores, department stores and CSDs, with maximum 1,000 reward points earned per month

Redemption options

Health & BeautyTravel & LuggageShopping VouchersHome AppliancesElectronicsFashion & Lifestyle

• Redemption fee: ₹99

Milestone benefits

Complimentary golf round per month on spends of ₹50,000

Lounge access

Domestic

8visits / year

Max 2 per quarter
Requires ₹75,000 prior spend

DreamFolks lounge programme →

International

Priority Pass

—complimentary visits

Priority Pass lounge programme →

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

Outstanding amount	Late fee
₹0 – ₹100	₹0
₹101 – ₹500	₹100
₹501 – ₹1,000	₹500
₹1,001 – ₹5,000	₹600
₹5,001 – ₹10,000	₹750
₹10,001 – ₹25,000	₹900
₹25,001 – ₹50,000	₹1,100
Above ₹50,001	₹1,300

View official MITC →

Insurance covers

Air accident

₹20L

Get an Air Accident Insurance cover up to ₹20 lakhs

Fraud liability

Cardholders are protected against fraudulent transactions with Counterfeit Card Liability, ensuring coverage against unauthorised usage. Additionally, the Card provides an Account Takeover Cover, which safeguards you in case your personal information is accessed or misused by a third party without your consent.

Credit liability

₹2L