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ICICI Bank
ICICI Bank Parakram Select Credit Card
Visa
ICICI Bank Parakram Select Credit Card
A free lifetime credit card exclusively for Indian Defence and Paramilitary personnel, offering lounge access, golf and insurance benefits well above its zero-fee price point.
Rates and fees last verified 14 September 2026.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
2%
Card network
Visa
Card tier
Entry
Reward rates by category
- Groceries10%
Eligibility
- Employment: salaried
Benefits
- 2 complimentary international lounge visits a year; 2 complimentary domestic lounge visits per quarter
- 1 complimentary golf round a month on ₹50,000+ spend in the prior month
- Personal accident insurance cover of ₹2 lakh and air accident insurance cover of ₹20 lakh
- 1% fuel surcharge waiver on fuel purchases at all outlets
Pros
- + No joining or annual fee
- + Strong lounge access and monthly golf benefit for a free card
- + ₹2L personal accident plus ₹20L air accident insurance included
Cons
- − Restricted to Defence and Paramilitary personnel
- − Grocery bonus points are capped monthly
- − Base reward rate is modest outside bonus categories
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.