ICICI Bank Parakram Select Credit Card
ICICI Bank
ICICI Bank Parakram Select Credit Card
ICICI Bank
Annual Fee
FREE
Effective Rate
0.25%
Network
VISA
Point Value
₹0.25/pt
About ICICI Bank Parakram Select Credit Card
Lifetime free. 2 RP/₹100 domestic. 2 intl + 2 domestic lounge/year. 1 golf round/month on ₹50K previous-month spend. ₹20L personal accident insurance. 1% fuel waiver.
Best For
Pros & Cons
thumb_upPros
- check_circle2 Intl + 2 Domestic Lounge/Year
- check_circleLifetime free — no annual fee ever
- check_circle1 Golf Round/Month
thumb_downCons
- cancelForeign transaction fee applies on overseas spends
- cancelPoints redemption catalog may limit flexibility
Reward Earning Structure
Each point is worth ₹0.25 — an effective return of 0.25% on spend.
| Category | Earn Rate | Per ₹10,000 Spent |
|---|---|---|
| All other spends | 2% | 200 pts≈ ₹50 |
Points can typically be redeemed for flight tickets, hotel bookings, cashback, gift vouchers, or merchandise via the ICICI Bank rewards portal. Redemption value may vary by option.
Card Benefits
2 Intl + 2 Domestic Lounge/Year
2 international + 2 domestic lounge visits per year.
1 Golf Round/Month
1 complimentary golf round per month on spending ₹50,000 in the previous month.
₹20L Personal Accident Insurance
Personal accident cover of ₹20 lakh.
1% Fuel Surcharge Waiver
1% fuel waiver at all fuel stations.
Fees & Charges
Key fees at a glance. For the complete schedule refer to the official Key Fact Statement (KFS) on the ICICI Bank website.
| Annual Fee | Lifetime Free |
| Forex Markup | As per issuer schedule |
| Interest Rate (APR) | Refer to KFS |
| Late Payment Charges | Refer to KFS |
| Cash Advance Fee | Refer to KFS |
Eligibility & Documents Required
Eligibility Criteria
- checkAge: 18–70 years (primary cardholder)
- checkMinimum annual income: As per bank norms
- checkCIBIL score: 750+ recommended
- checkEmployment: Salaried or self-employed Indian resident
Documents Required
- descriptionPAN Card (mandatory)
- descriptionAadhaar / Passport / Voter ID (address proof)
- descriptionSalary slips — last 3 months (salaried)
- descriptionLatest ITR or Form 16 (self-employed / salaried)
- descriptionBank statements — last 3 months
- descriptionPassport-size photograph
Frequently Asked Questions
Common questions about ICICI Bank Parakram Select Credit Card.
Ready to apply for ICICI Bank Parakram Select Credit Card?
Apply directly on the ICICI Bank website. Most decisions within 7–10 working days.
Affiliate disclosure: CreditBrain may earn a referral fee if you apply via our link. This does not affect our editorial independence.