ICICI Bank Parakram Select Credit Card Review

24.06.2025 04:47 PM - Comment(s)

ICICI Bank Parakram Select 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 Select Credit Card Review
"Privileges for Patriots"

Introduction

The ICICI Bank Parakram Select Credit Card is a premium offering exclusively designed for Indian defence and paramilitary personnel, including both active and retired members of the Army, Navy, Air Force, and Central Armed Police Forces. Tailored to the unique needs of those who serve the nation, this card delivers accelerated rewards, robust travel perks, and exclusive lifestyle benefits—all with no joining or annual fees, 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.

Insurance Benefits

Get Personal Accident insurance cover of ₹2 lakh.
Get Air Accident insurance cover of ₹20 lakh.

golf Benefits

Get a complimentary golf round per month on spending over ₹50,000 the previous month.

Lounge Access

Enjoy 2 complimentary international airport lounge accesses every year—travel in comfort wherever you go.
Get 2 complimentary domestic airport lounge accesses every quarter, making layovers a little more luxurious.

Culinary Delights

Get dining discounts with Culinary Treats Programme.

Fuel Surcharge Waiver

Get 1% surcharge waiver on fuel purchases at any fuel outlet.

Fees And Charges

Annual Fee Nil.
Joining fee Nil.

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Card Essential

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

Rewards and Benefits Analysis

The ICICI Bank Parakram Select 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 joining or annual fees. The card’s accelerated rewards at grocery, department stores, and CSD, along with robust lounge access and golf privileges, 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 golf privileges.
Annual Fee Waiver: Not needed—card is lifetime free.
Reward Redemption: Points can be redeemed for gifts, vouchers, or cashback.

Redemption Options

Redeem reward points for shopping, travel, and lifestyle products.
Use dining, lounge access, and golf benefits for added value.

Ideal User Profile

Indian defence and paramilitary personnel.
Frequent travelers who value lounge access and golf privileges.
Individuals who want to maximize rewards on grocery, department store, and CSD spends.

Final Thoughts

The ICICI Bank Parakram Select Credit Card is a standout offering for defence and paramilitary personnel, delivering accelerated rewards, robust 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 premium credit card experiences.

Additional Tips for Applicants

Maximize rewards by using the card for all eligible grocery, department store, and CSD purchases.
Take advantage of dining, golf, and lounge access benefits.

This review provides a balanced view of the card's strengths and weaknesses, helping readers make informed decisions about whether the ICICI Bank Parakram Select 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.

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