ICICI Bank Parakram Credit Cards for Defence Personnel

ICICI Bank recently launched the Parakram and Parakram Select credit cards exclusively for defence personnel serving our nation. Credit cards are easy to use and offers great deals and offers for the cardholders. The rate of credit card usage in India is growing steadily and card issuers are coming up with cards that cater to a specific category of customers.

The ICICI Bank Parakram and Parakram Select credit cards are defence cards and feature concentrated, exclusive privileges and offers for them. The cards are designed keeping in mind the needs of Air Force, Navy, Indian Army, and Paramilitary forces.

Read further to know more about these credit cards by ICICI Bank and their rewards and benefits for defence personnel.

ICICI Bank Parakram Credit Card – Features and Benefits

The following are the features and benefits offered by the Parakram Credit Card –

Joining Fees

The card does not charge any joining or annual fees from the customer

Reward Points

• You earn 1 ICICI Bank reward point per Rs. 100 spent with the card on all categories.
• You earn 5x ICICI Bank reward points per Rs. 100 spent on departmental stores, grocery, and canteen store departments. Reward points are capped at a maximum of 400 per month.
• Cash advance, EMI expenditures, ATM withdrawals, PLCC, balance transfer, fees, and other charges are not eligible to earn reward points.

Travel

Get 2 complimentary domestic railway lounge access per quarter. You have to spend Rs. 5000 or more in a quarter to avail this benefit in the next quarter.

Dining Benefits

Get exclusive offers and discounts on dining at partner restaurants across the country under the Culinary Treats program.

Insurance Benefits

• Get a personal accident insurance cover worth Rs. 2 Lakhs
• Get air accident insurance cover worth Rs. 20 Lakhs

Add-On Cards

You can get up to 3 free Add-On cards for your loved ones without any extra cost.

Fuel Surcharge Waiver

Get a 1% fuel surcharge waiver at all fuel stations across the country

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ICICI Bank Parakram Select Credit Card

The following are the features and benefits offered by the ICICI Bank Parakram Select credit card –

Joining Fees

The card does not charge any joining or annual fee from the customers

Reward Points

• Up to 2 ICICI Bank reward points per Rs. 100 spent with the card on various categories
• 5x ICICI Bank reward points per Rs. 100 spent on grocery, canteen store departments, and departmental stores. You can earn a maximum of 400 reward points per month.
• 1 ICICI Bank reward point per RS. 100 spent on utility and insurance spends
• Fuel, ATM withdrawal, cash advance, Balance transfer, EMI spends, PLCC, fees ad other charges are not eligible to earn reward points.

Travel Benefits

Get 2 complimentary domestic airport and domestic railway lounge access per quarter. Spend Rs. 50,000 or more in a quarter to claim this benefit in the next quarter

Dining Benefits

Get exclusive offers and discounts on dining at partner restaurants across the country under the Culinary Treats program.

Golf Benefits

Complimentary golf round on spending Rs. 50,000 per round. You can claim this benefit 4 times every month after spending the target amount.

Insurance Benefits

• Get a personal accident insurance cover worth Rs. 2 Lakhs
• Get air accident insurance cover worth Rs. 20 Lakhs

Fuel Surcharge Waiver

Get a 1% fuel surcharge waiver at all fuel stations across the country

Apply Now

Bottom Line

The defence personnel across forces like the Army, Paramilitary, Navy, and Airforce serve our nation with passion and dedication. Many top card issuers in our country have come up with exclusive credit cards for defence personnel and the ICICI Bank Parakram and Parakram Select credit card fall under this category.

The cards do not charge any joining or annual fee and have multiple features and benefits for defence personnel. Similar to these cards, you can also check out other defence credit cards like SBI Shaurya and the Axis Bank Pride Signature Credit Card. Those who serve our nation deserve the best and these credit cards aim to provide the best services and privileges to them.

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