ICICI Bank Parakram Select Credit Card

  • Joining Fee: Nil
  • Renewal Fee: Nil
  • Best Suited For: Shopping
  • Reward Type: Reward Points |
  • Welcome Benefites: N/A
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ICICI Bank has launched two credit cards for the JAWANS who serve the country which are ICICI BANK PARAKRAM SELECT Credit Card and ICICI BANK PARAKRAM Credit Card. These credit cards are solely for individuals “dedicating their lives to serve the nation” as the bank quoted. Now the 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 ICICI BANK PARAKRAM SELECT Credit Card get 5X with the expenses on groceries, department stores, and CSDs (Canteen Store Departments). The cardholders will also be able to get complimentary domestic airport and railway lounge access every year. Along with that, they will also be eligible for golf rounds upon reaching a milestone every month. The ICICI Bank has presented the PARAKRAM SELECT with a specialized rewards plan with which the cardholder will get a value back on every type of expense they make. This credit card comes with a microchip embedded in it for additional security against any counterfeit and duplicate cards. 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:

New Features

Spend Based Waiver

Nil


Interest Rates

3.40% per month or 40.8% annually


Add-on Card Fee

Nil

Rewards Redemption Fee

Rs. 99 charged on every reward redemption request


Fuel Surcharge

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

Foreign Currency Markup

3.5% per month or 42% annually


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2.50% of the withdrawn amount or the subject to a minimum of Rs. 300 charges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


Travel

2 complimentary domestic airport and railway lounge visits per quarter.


International Lounge Access

N/A

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.


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.

Reward Redemption

The reward redemption rate is Rs. 0.25 = 1 RP


Domestic Lounge Access

2 complimentary domestic airport lounge access and 2 complimentary domestic railway lounge access per quarter.


Zero Liability Protection

Once reported, the cardholder will not be liable for any transactions made with the card.

Pros

No data available

Cons

No data available

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