ICICI Bank Parakram Credit Card
ICICI Bank · Open to apply
ICICI's no-fee card for Indian defence personnel: 1 point per ₹100, 5 points on groceries and department stores (including CSD) up to 1,000 points a month, a domestic lounge visit a quarter on spend, and personal and air accident cover.
- Annual fee
- Lifetime free
- Joining fee
- None
- Base rate
- Domestic retail spends, 1 point per ₹100: 1 ICICI Bank Reward Points per ₹100 (about 0.25% at cash value)
- Lounges
- Domestic: 1 visit a calendar quarter after ₹75,000 spend
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- Groceries, department stores and CSD, 5 points per ₹100, up to 1,000 points a month: 5 ICICI Bank Reward Points per ₹100 (about 1.25% at cash value)
Earns nothing on
- No points on international spends
- No points on insurance, utilities, cash, rent, e-wallet loads or EMI
Terms the calculator does not value
- ICICI publishes no rupee value per reward point; the calculator uses the third-party ₹0.25.
- The T&C does not say what the 2024-04-15 rates replaced, so the earlier terms are not entered. Canteen Stores Department outlets have no category of their own and earn the base rate unless they are coded as groceries or department stores.
Sources
- ICICI Bank Parakram Credit Card product page (Product page, the bank's own, read 6 Nov 2026)
- General MITC for ICICI Bank credit cards (last updated 2026-11-06) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- Terms and Conditions governing ICICI Bank Parakram Credit Card (updated 2026-05-25) (Reward terms, the bank's own, read 6 Nov 2026)
- How to redeem ICICI credit card reward points (CardInsider; third party, gives ₹0.25 a point) (Third-party site, read 20 Oct 2026)