ICICI Bank
ICICI Bank Parakram Credit Card
Best for defence personnel
₹1,000/yr annual fee
By FinWiz24 Research Desk · Last reviewed · How we review
FinWiz24 Research Desk
Verified independently against issuer Terms & Conditions
Editorial Team
Annual fee
₹1,000/yr
Reward rate
Not published
Min. income
₹3,00,000
Forex markup
Not published
Lounge access
None
Eligibility
₹3 lakh/yr · CIBIL 700+
Reward cap
₹2,000/month
Welcome benefit
None beyond the reward rate
Who is this for
- Defence personnel
- Armed forces
What we like
- 1.5% on everything
- Fee waiver for defence
Watch out for
- Rs 1,000 annual fee
Issuer
Fees and charges
| Fee | Amount | Waiver |
|---|---|---|
| Joining fee | ₹1,000 | Waived for defence personnel |
| Annual fee | ₹1,000 | Waived for defence personnel |
| Late payment | ₹500 | Not waivable |
Rewards
| Spend category | Rate | Cap | Redemption |
|---|---|---|---|
| All spends | 1.50 | ₹2,000/month | 1.00 |
| SHOPPING | 3.00 | ₹500/month | 1.00 |
Benefits
-
Defence benefits Highlight
1.5% cashback on all purchases for defence personnel
-
Shopping benefits
3% cashback on shopping at partner stores
-
Fuel surcharge waiver
1% waiver on fuel transactions Rs 500-3,000
Eligibility
- Age
- 21–60 years
- Min. income
- ₹3,00,000
- Min. credit score
- 700+
- Score note
- Good credit history
- Employment
- defence
- Documents
- PAN, Aadhaar, salary slips / ITR, defence ID
ICICI Bank Parakram Credit Card is a VISA credit card from ICICI Bank. It is best suited for defence personnel.
Fees and rewards
- Annual fee: Rs 1,000 (waived for defence personnel)
- Joining fee: Rs 1,000 (waived for defence personnel)
- Rewards: 1.5% cashback on all purchases; 3% on shopping
Eligibility
PAN, Aadhaar, salary slips / ITR, defence ID
Card data compiled from issuer published fee schedules. Status: active.
Apply for ICICI Bank Parakram Credit Card
Last reviewed · How we review
FinWiz24 may earn a commission from issuer links. Our editorial process is independent and unbiased.
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Frequently asked questions
Is the ICICI Bank Parakram Credit Card worth it?
What is the annual fee for the ICICI Bank Parakram Credit Card?
How does the ICICI Bank Parakram Credit Card reward rate work?
What are the eligibility requirements for the ICICI Bank Parakram Credit Card?
Does the ICICI Bank Parakram Credit Card offer airport lounge access?
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