Travel on Points

ICICI Bank Parakram Select Credit Card

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  • Joining fee

    Nil

  • Annual fee

    Nil

  • Best suited for

    Shopping

  • Reward type

    Reward Points

Rewards

  • 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.

  • Reward redemption

    The reward redemption rate is Rs. 0.25 = 1 RP

Benefits

  • Movie & dining

    Dining offers under ICICI Bank Culinary Treats Programme.

  • Domestic lounge

    2 complimentary domestic airport lounge access

  • International lounge

    1 complimentary airport lounge access each year

  • Golf

    Complimentary golf rounds if you spend more than Rs. 50,000 in a month (max capped 4 times per month)

  • Insurance

    Personal accident insurance of Rs. 2 Lakh and Air Accident Cover of Rs. 20 Lakh.

Fees & charges

  • Spend-based waiver

    Nil

  • Rewards redemption fee

    Rs. 99 charged on every reward redemption request

  • Foreign currency markup

    3.5% per month or 42% annually

  • Interest rates

    3.40% per month or 40.8% annually

  • Fuel surcharge waiver

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

  • Cash advance charges

    2.50% of the withdrawn amount or the subject to a minimum of Rs. 300 charges

Product highlights

  • 5X reward points on every Rs. 100 spent on groceries, department stores, and CSDs (max capped at 400 points per month).
  • 2 reward points for every Rs. 100 spent on other applicable expenses.
  • Fuel, ATM withdrawal, balance transfer, cash withdrawal, EMIs, PLCC, fees, and other charges are not eligible to earn reward points.
  • Complimentary domestic airport lounge access, max capped 2 per quarter.
  • Complimentary golf round on spending over Rs. 50,000 in a month, max capped 4 times per month.
  • 1% fuel surcharge waiver on all fuel transactions across the country.
  • Personal accident insurance of Rs. 2 Lakh.
  • Air Accident Cover of Rs. 20 Lakh.
  • Up to 3 add-on credit cards, no added fee.
  • Dining benefits with ICICI Bank Culinary Treats Programme.

FAQs

What is the reward rate with the ICICI Bank Parakram Select Credit Card?

You can get 2 reward points for every Rs. 100 spent on other applicable expenses and 5X reward points for every Rs. 100 spent on groceries, department stores, and CSDs. The reward redemption rate is 1RP = Rs. 0.25.

How many domestic airport lounge access can a cardholder get with this credit card?

You will get 2 complimentary airport lounge visits with this credit card which makes 8 visits in a year.

Is there any milestone benefits with ICICI Bank Parakram Select Credit Card?

Yes, there is. If you spend more than Rs. 50,000 in a month, you can avail a complimentary golf round. You can only avail this benefits 4 times in a month.

Are there any insurances with ICICI Bank Parakram Select Credit Card ?

You will get a Personal accident insurance of Rs. 2 Lakh and an Air Accident Cover of Rs. 20 Lakh.