ICICI Parakram Credit Card
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
Cashback Rate
Users will get 5 reward points per INR 100 spent at grocery stores, department stores and Canteen Store Departments (CSDs). Value of 1 reward point = INR 0.25. Cashback rate: 1.25%.
1 reward point on spend of Rs. 100 on all other categories. General cashback rate: 0.25%.
Movie Benefits
Dining Benefits
Other Benefits
Insurance benefits. Personal air accident insurance of Rs Rs 20 Lakhs.; Personal accident insurance of Rs Rs 2 Lakhs.
Lounge Access
Fees & Charges
Joining Fee
Nil.
Annual Fee
(Second year onwards): Nil
Cash Advance Fee
Cash Withdrawal Fee: 2.5% on advanced amount , subject to minimum of INR 300.
Interest rate
3.4% per month (or 40.8% per annum)
Late Payment Fee
Late Payment Charges: 0-1200 depending on the outstanding amount.il
Foreign Currency Transactions Fee
Forex Marku: 3.5%
Other Fees
Rewards Redemption Fee: INR 99
Cons
No free movie tickets.
Limited value add features.
Low cashback rate.
Reward System: Users will get 5 reward points per INR 100 spent at grocery stores, department stores and Canteen Store Departments (CSDs). Value of 1 reward point = INR 0.25. Cashback rate: 1.25%. 1 reward point on spend of Rs. 100 on all other categories. General cashback rate: 0.25%. A maximum of 1000 reward points can be earned per month.
1 free domestic airport lounge per year.
Personal air accident insurance of INR 20 lakh.
Personal accident insurance of INR 2 lakh.
Rewards & Benifits
Welcome Benefits
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Rewards System
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International Forex Markup
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Welcome Benefits and Reward System
Special Features
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Eligibility Criteria
Age: You must be a minimum of 21 years old for primary cardholder (18 years old for supplementary cardholders).
Employment: You must be either defence personnel, i.e., Commissioned Officers, Junior Commissioned Officers, and other ranks of the Indian Army, Navy, and Air Force (both active and retired).
Paramilitary Personnel: Members of Central Armed Police Forces (BSF, CRPF, CISF, ITBP, SSB), Assam Rifles, Indian Coast Guard (both active and retired).
Credit Score: You must have a good credit score. This means no recent defaults or delinquencies on loans or credit cards.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
1. Online:
Visit ICICI Bank website.
Fill out the online application form with the correct details.
Upload the required documents when prompted.
Submit the application and track its status online.
2. Bank Branch:
Visit the ICICI Bank branch nearest to you.
Meet a customer service representative and express your interest of availing the credit card.
Provide them with your KYC documents and fill out the application form.
Submit the application and inquire about further processing steps.
Contact Details
1800 1080
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Reward System: Users will get 5 reward points per INR 100 spent at grocery stores, department stores and Canteen Store Departments (CSDs). Value of 1 reward point = INR 0.25. Cashback rate: 1.25%. 1 reward point on spend of Rs. 100 on all other categories. General cashback rate: 0.25%. A maximum of 1000 reward points can be earned per month.
1 free domestic airport lounge per year.
Personal air accident insurance of INR 20 lakh.
Personal accident insurance of INR 2 lakh.
No free movie tickets.
Limited value add features.
Low cashback rate.
The card offers low cashback rate. The card's USP is that it offers cashback on purchases from CSD canteens. Otherwise the cards offers limited value add benefits.
The card offers low cashback rate. The card's USP is that it offers cashback on purchases from CSD canteens. Otherwise the cards offers limited value add benefits.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
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Fuel Surcharge
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Billing Cycle
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