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ICICI Bank Parakram Credit Card
Visa
ICICI Bank Parakram Credit Card
The base tier of ICICI's Defence and Paramilitary personnel co-brand series — a zero-fee card with useful insurance cover and modest everyday rewards.
Rates and fees last verified 14 September 2026.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
1%
Card network
Visa
Card tier
Entry
Reward rates by category
- Groceries5%
Eligibility
- Employment: salaried
Benefits
- 1 complimentary domestic airport lounge visit per quarter (min ₹75,000 quarterly spend)
- Personal accident insurance cover of ₹2 lakh and air accident insurance cover of ₹20 lakh
- 1% fuel surcharge waiver at all fuel stations
Pros
- + Lifetime free for Defence/Paramilitary personnel
- + ₹2L personal accident plus ₹20L air accident insurance included
- + Fuel surcharge waiver at all fuel stations, not just one brand
Cons
- − Restricted to Defence and Paramilitary personnel
- − Modest base reward rate (1 point per ₹100)
- − Lounge access gated behind a quarterly spend threshold
Applying takes you to ICICI Bank's site. We may earn a commission if you're approved — see our disclaimer. Final terms and approval are solely at the issuer's discretion.