ICICI Bank Parakram Credit Card

It is a lifetime-free card — there is no annual fee.

The strongest published rate is 5% on groceries, capped at ₹250 per month — so roughly ₹5,000 of spend reaches the maximum on that tier. The calculator above prices your own basket with every cap and exclusion applied.

Yes. The issuer publishes no additional spend condition for this card's lounge access.

Only RuPay credit cards can be linked to UPI, so this card cannot be used to pay by UPI.

The issuer publishes no earning exclusions for this card The issuer publishes no earning exclusions for this card. The issuer publishes no excluded spend categories for this card.

Statement credit against the outstanding card balance, ICICI Bank rewards catalogue, Partner vouchers

You can apply online through our website by filling out the application form and uploading the required documents. You may also visit your nearest branch for in-person assistance.

Yes, you can request a limit increase through internet banking, mobile app, or by contacting customer care. Approval depends on your credit history and income. If you want, I can also create a more engaging, SEO-friendly FAQ section for your credit card website that boosts trust and conversions. Would you like me to prepare that next?

A late payment fee and interest will be charged. Missing payments can also impact your credit score.

Yes. ICICI Bank publishes a joining fee of Nil and an annual fee of Nil, with no spend condition attached — so it is lifetime free, not first-year-free and not a waiver you have to earn. Only a handful of cards in our catalogue are genuinely in that position.

5 Reward Points per Rs. 100 at Canteen Stores Department outlets, grocery stores and departmental stores, and 1 point per Rs. 100 everywhere else, with accelerated earning capped at 1,000 Reward Points a month. At ICICI Bank's published Rs. 0.25 a point that is 1.25% in those categories and 0.25% outside them.

It is designed for Defence personnel, and the accelerated category list reflects that by including Canteen Stores Department outlets. ICICI Bank does not publish an age or income requirement for it, so the service criteria and the bank's own assessment are what decide the application.

Personal accident cover of Rs. 2 lakh and air accident cover of up to Rs. 20 lakh. On a card with no annual fee that cover is effectively free, which is unusual — most cards carrying accident cover of this size charge for it.

One complimentary domestic airport lounge visit a quarter for the primary cardholder, and only if eligible spending reached Rs. 75,000 or more in the preceding quarter. There is no international lounge access. Four visits a year on a lifetime free card is still a genuine benefit, as long as the quarterly spend condition is met.

At about Rs. 20,000 a month of CSD, grocery and departmental store spending, which is where 1,000 Reward Points is reached. Past that those categories earn the 1-point base rate, so the accelerated layer is worth up to Rs. 250 a month.