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ICICI Bank Parakram Select Credit Card

ICICI Bank has launched two credit cards for the JAWANS who serve the country: the ICICI BANK PARAKRAM SELECT Credit Card and the ICICI BANK PARAKRAM

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ICICI Bank Parakram Select Credit Card

Meet ICICI Bank Parakram Select Credit Card

ICICI Bank has launched two credit cards for the JAWANS who serve the country: the ICICI BANK PARAKRAM SELECT Credit Card and the ICICI BANK PARAKRAM Credit Card. These credit cards are solely for individuals “dedicating their lives to serve the nation,” as the bank quoted. Now, soldiers of the Indian Army or serving any other forces of the country have the privilege to borrow money whenever they need it. They can use credit cards and even earn rewards for their daily expenses. The rewards with the ICICI BANK PARAKRAM SELECT Credit Card include 5X the expenses on groceries, department stores, and CSDs (Canteen Store Departments). Cardholders can also get complimentary domestic airport and railway lounge access every year. They will also be eligible for golf rounds upon reaching a milestone every month. ICICI Bank has presented the PARAKRAM SELECT with a specialized rewards plan with which the cardholder will get value back on every type of expense they make. The best part is that there is no joining or annual fee to get this credit card. The applicant just had to meet the eligibility criteria. To get a detailed view of the ICICI BANK PARAKRAM SELECT Credit Card, keep reading:

ICICI Bank Parakram Select Credit Card MEMBERSHIP

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Detailed Card Information

Everything You Need to Know

Discover the comprehensive benefits and features that make ICICI Bank Parakram Select Credit Card the perfect choice for those who demand excellence.

Spend- Based Waiver

Nil

Rewards Redemption Fee

Rs. 99 charged on every reward redemption request

Foreign Currency Markup

3.5% per month or 42% annually

Interest Rates

3.40% per month or 40.8% annually

Fuel Surcharge

1% fuel surcharge waiver on all fuel transactions across the country

Cash Advance Charges

2.50% of the withdrawn amount or the subject to a minimum of Rs. 300 charges

Movie & Dining

Dining offers under ICICI Bank Culinary Treats Programme.

Rewards Rate

5X reward points on every Rs. 100 spent on grocery, departments store, and CSDs and 2 reward points for every Rs. 100 spent on other applicable expenses, and 1 reward point on every Rs. 100 spent on insurance and utility bills.

Reward Redemption

The reward redemption rate is Rs. 0.25 = 1 RP

Travel

N/A

Domestic Lounge Access

2 complimentary domestic airport lounge access

International Lounge Access

1 complimentary airport lounge access each year

Golf

Complimentary golf rounds if you spend more than Rs. 50,000 in a month (max capped 4 times per month)

Insurance Benefits

Personal accident insurance of Rs. 2 Lakh and Air Accident Cover of Rs. 20 Lakh.

5X Reward Points

This feature enables cardholders to earn five times the normal reward points for every Rs. 100 spent on groceries, department stores, and CSDs. However, this benefit is capped at a maximum of 400 points per month. This means you can earn up to 400 reward points every month for your regular shopping.

2X Reward Points

Under this feature, cardholders are eligible to earn 2 reward points for every Rs. 100 spent on other applicable expenses. This is a great way to keep earning rewards for your regular spending, thereby deriving more value from your credit card.

Ineligible Transactions

Certain transactions such as fuel, ATM withdrawals, balance transfers, cash withdrawals, EMIs, PLCC, fees, and other charges are not eligible to earn reward points. This is important to know to avoid any surprises when checking your reward points tally.

Complimentary Lounge Access

This feature offers complimentary domestic airport lounge access, capped at a maximum of 2 visits per quarter. This can make your travel experiences more comfortable and enjoyable, providing you access to amenities such as free Wi-Fi, comfortable seating, free refreshments, and more.

Golf Round Privileges

Cardholders can enjoy a complimentary round of golf when they spend over Rs. 50,000 within a month, capped at a maximum of 4 rounds per month. This is a great perk for golf enthusiasts, offering a chance to indulge their passion while saving on costs.

Fuel Surcharge Waiver

This card comes with a 1% fuel surcharge waiver on all fuel transactions across the country. This can result in significant savings over time, especially for those who spend heavily on fuel.

Personal Accident Insurance

This feature offers personal accident insurance cover of Rs. 2 lakh. This provides financial protection in the unfortunate event of an accident, thereby giving cardholders peace of mind.

Air Accident Cover

The card also comes with an air accident cover of Rs. 20 lakh. This is a significant coverage amount that can provide financial relief in the event of an air accident.

Add-on Cards

Cardholders have the option to get up to three add-on credit cards without any additional fee. This can be a convenient way to extend the benefits of your credit card to your family members.

Dining Benefits

This card offers dining benefits under the ICICI Bank Culinary Treats Programme. This could include discounts and special offers at participating restaurants, providing you with a chance to enjoy culinary delights at lower prices.

Why Choose ICICI Bank Parakram Select Credit Card

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5X Reward Points

This feature enables cardholders to earn five times the normal reward points for every Rs. 100 spent on groceries, department stores, and CSDs. However, this benefit is capped at a maximum of 400 points per month. This means you can earn up to 400 reward points every month for your regular shopping.

2X Reward Points

Under this feature, cardholders are eligible to earn 2 reward points for every Rs. 100 spent on other applicable expenses. This is a great way to keep earning rewards for your regular spending, thereby deriving more value from your credit card.

Ineligible Transactions

Certain transactions such as fuel, ATM withdrawals, balance transfers, cash withdrawals, EMIs, PLCC, fees, and other charges are not eligible to earn reward points. This is important to know to avoid any surprises when checking your reward points tally.

Complimentary Lounge Access

This feature offers complimentary domestic airport lounge access, capped at a maximum of 2 visits per quarter. This can make your travel experiences more comfortable and enjoyable, providing you access to amenities such as free Wi-Fi, comfortable seating, free refreshments, and more.

Golf Round Privileges

Cardholders can enjoy a complimentary round of golf when they spend over Rs. 50,000 within a month, capped at a maximum of 4 rounds per month. This is a great perk for golf enthusiasts, offering a chance to indulge their passion while saving on costs.

Fuel Surcharge Waiver

This card comes with a 1% fuel surcharge waiver on all fuel transactions across the country. This can result in significant savings over time, especially for those who spend heavily on fuel.

Personal Accident Insurance

This feature offers personal accident insurance cover of Rs. 2 lakh. This provides financial protection in the unfortunate event of an accident, thereby giving cardholders peace of mind.

Air Accident Cover

The card also comes with an air accident cover of Rs. 20 lakh. This is a significant coverage amount that can provide financial relief in the event of an air accident.

Add-on Cards

Cardholders have the option to get up to three add-on credit cards without any additional fee. This can be a convenient way to extend the benefits of your credit card to your family members.

Dining Benefits

This card offers dining benefits under the ICICI Bank Culinary Treats Programme. This could include discounts and special offers at participating restaurants, providing you with a chance to enjoy culinary delights at lower prices.

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