ICICI Bank Parakram Credit Card Review

24.06.2025 04:54 PM - Comment(s)

ICICI Bank Parakram Credit Card

Financial Expert Advice

Choose Your First (or Next) Credit Card Wisely

"Limit yourself to holding two credit cards A/C—one for daily expenses and auto-debits, and another reserved for emergencies.

Avoid chasing cashback, miles, rewards or Investments, as this can distract from sound financial management;

and lead to unnecessary debt. Focus on stability & discipline."

ICICI Bank Parakram Credit Card Review
"Pride. Perks. Parakram."

Introduction

The ICICI Bank Parakram Credit Card is a specialized, lifetime-free credit card designed exclusively for Indian defence and paramilitary personnel—including active and retired members of the Army, Navy, Air Force, and Central Armed Police Forces. With accelerated rewards on essential spends, robust travel perks, and comprehensive insurance coverage, this card is tailored to support the unique lifestyle and financial needs of those who serve the nation, Here’s a detailed review to help you decide if this card is right for you.

Key Features and Benefits

Title Embossing

Get your Defence Services title embossed on the Card.

Reward Structure

Earn 2 reward points for every ₹100 spent on domestic transactions, turning everyday purchases into meaningful rewards.
Redeem points across popular categories like Health & Beauty, Travel & Luggage, Shopping Vouchers, Home Appliances, Electronics, and Fashion & Lifestyle.

Lounge Access

Get 1 complimentary domestic airport lounge accesses every quarter, making layovers a little more luxurious.

Insurance Benefits

Get Personnel and Air Accident insurance.

Culinary Delights

Get dining discounts with Culinary Treats Programme.

Fuel surcharge waiver

Get 1% waiver on fuel purchases at all fuel stations.

Fees And Charges

Annual Fee Nil.
Joining fee Nil.

Struggling to keep up with mounting credit card bills?

click here See how CDMS can guide you toward relief and a fresh financial start.

Card Essential

Type	Reward Points
Welcome Benefits	----
Annual Fee	----
Reward Structure	Rewards On SPENDS
Renewal Benefit	----

Rewards and Benefits Analysis

The ICICI Bank Parakram Credit Card is best suited for defence and paramilitary personnel who want to maximize rewards on everyday and essential spends, enjoy travel perks, and access exclusive lifestyle benefits—all without paying any annual or joining fees. The card’s rewards at grocery, department store, and CSD spends, along with robust lounge access and insurance coverage, make it a compelling choice for eligible users.

Practical Considerations

Best for: Defence and paramilitary personnel, frequent travelers, and those who value rewards, lounge access, and insurance benefits.
Annual Fee Waiver: Not needed—card is lifetime free.
Reward Redemption: Points can be redeemed for gifts, vouchers, or merchandise.

Redemption Options

Redeem reward points for shopping, travel, and lifestyle products.

Ideal User Profile

Indian defence and paramilitary personnel.
Individuals who want to simple rewards on grocery, department store, and CSD spends.

Final Thoughts

The ICICI Bank Parakram Credit Card stands out as a comprehensive financial tool for defence and paramilitary personnel, delivering rewards, travel perks, and exclusive lifestyle benefits—all with no annual or joining fees. Its unique features and eligibility criteria make it a top choice for those who serve the nation and want to enjoy credit card experiences.

Additional Tips for Applicants

Maximize rewards by using the card for all eligible grocery, department store, and CSD purchases.

This review provides a balanced view of the card's strengths and weaknesses, helping readers make informed decisions about whether the ICICI Bank Parakram Credit Card aligns with their

Spending Habits And Financial Goals.

! Disclaimer - We strive for accuracy, but this content is for informational purposes only. For the latest product details and offers, please check the official site directly.

Author And Publisher: Gyro 3.o

Financial Insights Engine Cashon.Cards

https://www.cashon.cards/

Gyro - Your Financial Compass Is A Constantly Updating Financial Insights Engine That Aggregates Data From Various Sources To Provide Up-To-Date insights On Banking Products. Cashon.cards Offers Blogs, Videos, And Podcasts To Help Users Make Informed Financial Decisions.