ICICI Bank Parakram Select Credit Card

ICICI Bank · Open to apply

ICICI's no-fee premium card for Indian defence and paramilitary personnel: 2 points per ₹100, 10 points on groceries and department stores (including CSD) up to 1,000 points a month, lounges, golf rounds on spend, and personal and air accident cover.

Annual fee
Lifetime free
Joining fee
None
Base rate
Domestic retail spends, 2 points per ₹100: 2 ICICI Bank Reward Points per ₹100 (about 0.5% at cash value)
Lounges
Domestic: 2 visits a calendar quarter after ₹75,000 spend; International: 1 visit a calendar year
Forex markup
3.5%
Data
From bank documents, checked 6 Nov 2026

Main earn rates

  • Groceries, department stores and CSD, 10 points per ₹100, up to 1,000 points a month: 10 ICICI Bank Reward Points per ₹100 (about 2.5% at cash value)

Earns nothing on

  • No points on international spends
  • No points on insurance, utilities, cash, rent, e-wallet loads or EMI

Where the sources disagree

  • International lounge visits: The T&C (updated 2026-05-25) gives 1 international lounge access a year; the product page's benefit list and FAQ give 2 a year. We use the T&C.
  • Golf rounds a month: The T&C gives a round for each ₹50,000 spent, up to 4 rounds a month; the page's benefit list and FAQ say 1 round (or lesson) a month for ₹50,000 spent in the previous calendar month. The page text names no change date; we keep the T&C's cap and record the page's.

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

Compare this card · Find the best card for your spending