ICICI Bank Parakram Credit Card Review: Fees, Rewards & Benefits
Explore the ICICI Bank Parakram Credit Card for defense personnel. Features 5X rewards on CSD, zero annual fees, and complimentary lounge access. Apply now.
The ICICI Bank Parakram Credit Card is an excellent entry-level lifetime free card for defense personnel, offering solid value on daily essentials and CSD spends. While the lounge access spend criteria have increased, the insurance benefits and zero fees make it a reliable secondary or primary card for service members.
Dedicated to those who dedicate their lives to the nation.
The Bottom Line
The ICICI Bank Parakram Credit Card is an excellent entry-level lifetime free card for defense personnel, offering solid value on daily essentials and CSD spends. While the lounge access spend criteria have increased, the insurance benefits and zero fees make it a reliable secondary or primary card for service members. With no annual fee, it offers 0% rewards on csd purchases and title embossing. For anyone researching icici bank parakram credit card, the verdict is simple: recommended.
It earns a base reward rate of 0.25% and stacks best when your spending lines up with defense-personnel, frequent-rail-traveler.
Who Should Get This Card
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Best fit for
IdealTailored benefits for CSD purchases and zero maintenance costs.
Offers 2 complimentary railway lounge visits per quarter with a low spend threshold.
Probably not for
SkipStandard 3.5% forex markup and no international lounge access on the base variant.
Is It Worth It For You?
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Reward Rates
ICICI Bank Parakram Credit Card offers 0.25% basic reward rate.
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Milestone Benefits
1 Complimentary Domestic Airport Lounge Access for the next quarter
Fees & Charges
Eligibility
- Min Income: ₹3 Lakhs
- Min Credit Score: 700
- Exclusively for Indian Defence and Paramilitary personnel (Army, Navy, Air Force, and Paramilitary Forces). Applicant must be between 21 and 65 years of age.
Exclusions & Terms
Fuel
- Eligible for surcharge waiver instead
Rent
- Standard ICICI exclusion
Insurance
- Standard ICICI exclusion
Utilities
- Standard ICICI exclusion
Cash Advance
- Non-rewardable transaction
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Frequently Asked Questions
3 data-backed answers from our card database