Summary
The ICICI Bank Parakram Credit Card is a special card for India’s defence personnel, i.e., serving and retired defence personnel of the Army, Navy, Air Force, and paramilitary forces. The card offers several benefits and privileges as a token of appreciation for the services of these war heroes.
Affordability is the most prominent feature of the card. As there is no annual charge and no joining fee, defence personnel can afford the card. The card provides 5X reward points on certain categories such as grocery expenses, CSD expenses, and fuel transactions and 1 reward point on other expenses for every ₹100.
The other advantages of the ICICI Parakram Credit Card are fuel surcharge rebates, special dining offers under the Culinary Treats Programme, and free use of domestic airport lounges. The credit card also offers necessary insurance covers like personal accident and air accident covers, which makes the card even more convenient.
Introduction
In today’s fast-paced world, credit cards have made their way into our daily lives. They offer ease, security, and a plethora of rewards. It is not just a piece of plastic—it is a symbol of respect, motivation, and pride for those who guard our country.
ICICI Bank Parakram Credit Card offers a host of premium rewards like cashback on grocery shopping, fuel surcharge waiver, and dining offers. It also includes easy online access, contactless payment, and high security. There are two versions of the card – one is ICICI Bank Parakram Select Credit Card and the other is ICICI Parakram Credit Card.
One of the biggest advantages of this card is that it does not charge either a joining fee or an annual fee. So, it’s very inexpensive for defence personnel. Also, reward points are earned to card members every time they spend on groceries, utility bills, or even petrol. These reward points can then be claimed as gifts, vouchers, or other wonderful alternatives through ICICI Bank’s rewards portal.
One of the other great features is the waiver of the fuel surcharge. This means you will not be charged extra when refilling petrol at petrol stations, and this can save you a lot of money in the long term. And with up to 15% off on partner restaurants, you can go out and have your meals with your family and friends without worrying about the price tag.
What is the ICICI Bank Parakram Credit Card?
The ICICI Bank Parakram Credit Card is a customized credit card designed particularly for the courageous serving people of India’s defense forces. Active and retired personnel of the defense forces of Indian Army, Navy, Air Force, and all paramilitary organizations can apply for the card. The card gives a variety of useful benefits such as cashback on regular spend, fuel charge rebate, restaurant discount, and reward points.
It also has zero joining fees and zero annual fees, making it a very affordable option. It is ICICI Bank’s gesture of gratitude to our defence heroes by offering them a card that meets their financial requirements and provides special privileges.
How is the design of the ICICI Bank Parakram Credit Card?
The ICICI Bank Parakram Credit Card is designed with utmost care to honor the sacrifice of the defence forces of India. Even though specific visual features of the card are not disclosed, it should have a professional and dignified appearance befitting the pride and sacrifice of the defence forces. The card is offered in two versions—Parakram and Parakram Select—and both run on the RuPay network, and thus, they are widely accepted everywhere in India.
Apart from its appearance, the card also includes functional features like contactless payment for convenience and security. The card design is simple and minimal, with core information readily available, thus making the overall use experience better.
What are the benefits of the ICICI Bank Parakram Credit Card?
These are the main advantages of this card:
Reward Points
- 5X Reward Points: Earn 5 reward points for every ₹100 spent on Canteen Stores Departments (CSD), departmental shops, and supermarket shops up to a maximum of 1,000 points monthly.
- 1 Reward Point: Earn 1 reward point for every ₹100 on all other purchases.
- Redemption: One can redeem all the reward points in terms of ₹0.25 to purchase varied products and vouchers from the ICICI Bank rewards website.
Travel Benefits
- Domestic Airport Lounge Privileges: Get complimentary domestic airport lounge access once a quarter.
Fuel Surcharge Waiver
- 1% Waiver: Get a 1% waiver of fuel surcharge on spend between ₹400 to ₹4,000 with a limit of ₹250 per month.
Insurance Coverage
- Personal Accident Insurance: ₹2 lakh coverage.
- Air Accident Cover: ₹20 lakh cover.
Dining Discounts
- Culinary Treats Programme: Dine at partner restaurants and avail special dining benefits and discounts through ICICI Bank’s Culinary Treats Programme.
Additional Benefits
- Lifetime Free: No joining or annual fee, hence cost-saving.
- Add-on Cards: Facility to get up to three add-on credit cards without
What are the fees for the ICICI Bank Parakram Credit Card?
Here is a simple breakdown of the ICICI Parakram Credit Card fees.
| Joining Fee | Nil |
| Annual Fee | Nil |
| Add-on Card Fee | No charges for additional cards for family members. |
| Finance Charges | 3.40% per month (40.80% annually) on the outstanding balance if you don’t pay your bill in full. |
| Cash Advance Fee | 2.5% of the amount withdrawn or ₹500, whichever is higher. |
| Late Payment Fee | For Statement Balance Less than Rs. 101 – Nil Rs. 101 – Rs. 500 – Rs. 150 Rs. 501 – Rs. 5,000 – Rs. 500 Rs. 5,001 – Rs. 20,000 – Rs. 750 Rs. 20,000 & above – Rs. 1,000 |
What are the criteria for getting an ICICI Bank Parakram Credit Card?
1. Age Requirement:
- You should be between 18 to 65 years of age.
2. Income Requirement:
- Salaried Applicants: The minimum net monthly income is required; however, the bank fixes the amount, which can differ based on the applicant’s profile.
- Self-Employed Applicants: A minimum ITR amount is needed; the bank fixes the specific amount and can differ with applicants.
3. Employment Status:
- You should have a regular job or business with a fixed income source.
4. Credit Score:
- A CIBIL score of 700 and above is preferred for sanction.
5. Residency:
- You should be an Indian resident and have a valid address proof.
What documents are required to get an ICICI Bank Parakram Credit Card?
The documents that you will have to submit to get an ICICI Parakram Credit Card are as below:
| Identity Proof | Aadhaar card, Passport, Voter ID, Driving license, PAN card |
| Address Proof | Utility bills like electricity, water, etcRent agreement, Bank statement, or passbook with your address |
| Income Proof | Salary slip for the last 3 months, if you are a salaried employeeBank statement for the last 3 monthsITR for self-employed persons |
| Photograph | The latest passport-sized photograph |
Where can the ICICI Bank Parakram Credit Card be used?
Here is the list of places where you can use it:
- With the ICICI Bank Parakram Credit Card, you can shop for clothing, electronics, accessories, and more at almost every retail outlet, shopping mall, and e-shopping website.
- You can also use it on websites like Amazon, Flipkart, etc., and also make bookings on websites like MakeMyTrip, Yatra, etc.
- You can use the card to pay for your meals in restaurants, cafes, and fast food outlets.
- You can use it to book flight, train, or bus tickets, as well as to pay for taxi, Uber, Ola, or hotel bookings.
- You can use your credit card to pay electricity and water bills, mobile bills, and internet services.
- You can use your ICICI Bank Parakram Credit Card to pay for expensive items such as electronics or appliances through easy monthly installments (EMIs).
What is the credit limit of the ICICI Bank Parakram Credit Card?
The credit amount you can spend is what you are provided with an ICICI Bank Parakram Credit Card. It is based on your income, credit score, and other financial history when you are selected for this credit card by the bank.
For instance, if you have a credit limit of ₹50,000, you can spend up to that amount only. If you want to spend more than the limit, the bank will not consider it.
The actual credit limit varies with the person. A credit limit could be ₹30,000 for someone and ₹1,00,000 for another, or even more, considering his/her profile and financial background.
How do you apply for an ICICI Bank Parakram Credit Card?
Apply it through both these modes:
Online Application Process:
- Visit the official website of the ICICI Bank, i.e.
- Go to ‘Cards’, followed by ‘Credit Cards’.
- On that page, you can see numerous options for credit cards issued by ICICI Bank; for instance, you can choose the ICICI Bank Parakram Credit Card.
- Just hover your cursor on the ICICI Bank Parakram Credit Card, followed by selecting ‘Apply Now‘ from there.
- You will be asked to fill out your details, including your name, contact information, income details, and employment status.
- Be accurate and updated with the information provided.
- You are required to upload documents like your identity proof, address proof, income proof, and photograph, as per the list of documents mentioned above.
- After filling out the details and uploading the documents, review your application to make sure everything is correct.
- Apply online through the application form.
- The bank will check your application after you submit it. They can ask for extra documents or information if required.
- You will be informed about the status of your application, and if approved, your card will be delivered to you.
Offline Application Process:
- You can walk into the nearest ICICI Bank branch to apply for the ICICI Bank Parakram Credit Card.
- Request for the credit card application form of the ICICI Bank Parakram Credit Card. They will provide you with the form and proceed accordingly.
- Fill in the details in the application form wherever it is required. Care should be taken that all the information about personal details, income, and jobs provided by the applicant should be correct.
- Along with the form, furnish the relevant documents. The list of documents includes Identity proof, Address proof, Proof of income, and pas photograph.
- Your application will be processed, and your information will be cross-checked at the bank level.
- In case of successful completion, the bank will sanction the credit card with a reply and forward it to the registered address.
- You will receive the ICICI Bank Parakram Credit Card by post at the same postal address.
- Once you receive your card, you need to activate it by following the instructions given in the envelope, either through the ICICI Bank Card website, mobile app, or by calling their customer service.
- You must set your PIN (Personal Identification Number) for security purposes before you can start using your credit card.
Would getting an ICICI Bank Parakram Credit Card in 2025 be right?
Yes, getting an ICICI Bank Parakram Credit Card in 2025 can be a good option if you require a credit card with great offers, especially for those who shop for lifestyle products. The reward is excellent and comes with the purchase of items such as jewelry. On top of that, the bank provides discounts and easy access to the EMI facility.
ICICI Bank is also a strong bank with high customer service, so it is dependable. But don’t forget that you should make sure that you can handle your credit responsibly in terms of paying the bills and keeping your credit from exceeding its limit. Provided that you are stable in terms of income and you have good credit, it might be a very good option in 2025.
Conclusion
The ICICI Parakram Credit Card is a great money tool that has numerous advantages for people who have worked their whole life for the nation. Created particularly for the Indian defence personnel, the card is a great mix of rewards, savings, and dignity. Being a member of the Army, Navy, Air Force, or any paramilitary force, you will find respect for the toil and hard work on your part with this card.
One of the most popular benefits of the ICICI Bank Parakram Credit Card is how affordable it is. There is no joining fee and no yearly fee, which means this is the perfect option for defence personnel seeking a credit card that does not cost a lot. And, the card rewards 5X reward points on specific transactions, so you get more back when you shop for groceries, petrol, or at partner restaurants. The reward points can be redeemed to take advantage of a huge amount of thrilling gifts or vouchers, and this contributes to the overall worth of the card.
Aside from the rewards, the card also gives some handy benefits like fuel surcharge rebates, access to airport lounges, and dining discounts, which are designed to make daily existence more convenient and enjoyable. Insurance benefits included in the card are also a positive feature, which provides with protection through personal accident and air accident cover.
Frequently Asked Questions (FAQ’s)
Ans: Yes, the ICICI Parakram Credit Card can be used internationally wherever there is the RuPay network. It is an international card, so you can do both local and international purchases easily.
Ans: You can exchange your reward points earned on your ICICI Bank Parakram Credit Card at the ICICI Bank Rewards Portal. The points can be exchanged for an assortment of rewards, i.e., shopping vouchers, gifts, etc.
Ans: The card provides a 1% fuel surcharge waiver on transactions of ₹400 to ₹4,000 made at Indian fuel stations. You can receive a maximum waiver of up to ₹250 per month.
Ans: The contactless payment option allows you to make quick and secure payments by just tapping your credit card at a contactless-enabled point-of-sale terminal. It’s a convenient and quick mode of payment without the need to enter your PIN for smaller amounts.
Ans: Yes, you shall earn 5X reward points on qualifying spends of a maximum ₹1,000 per month in grocery, CSD, and select categories. For the remaining spends, you shall earn 1 reward point for each ₹100 spent.
Ans: The ICICI Parakram Credit Card credit limit would depend on your income, other financials, and past credit card history. ICICI Bank would decide the limit upon approving the application.
