Parakram Select Credit Card
ICICI Bank
Exclusively for Defence and Paramilitary personnel — not shown to other quiz-takers.
Free
Joining fee
Free
Annual fee
3.5%
Forex markup
4.3 / 5
Rating
Eligibility
No minimum income specified
No minimum CIBIL score required
Age: 21+
Restricted to Indian Defence and Paramilitary personnel exclusively
Lounge access
8 domestic / 2 international visits per year
Domestic stated as 2 visits/quarter; international stated directly as 2/year.
Note: Lounge benefits limited to primary cardholder only (official).
Key features
- Designed for Indian Defence/Paramilitary personnel
- 2 domestic lounge visits/quarter + 2 international/year
- 10 pts/₹100 at grocery/department stores/CSD
Reward details
2 points per Rs 100 on domestic spend
- 10 points per Rs 100 (official) vs. '5X reward points' per CardInsider for the same categories - discrepancy, official treated as primary on Grocery/department stores/CSDs — 1,000 points/month
- 1 point per Rs 100 on Insurance/utilities (CardInsider-sourced only)
Category caps
- Grocery/department/CSD accelerated points: 1,000 points/month
Redemption
Health & beauty, travel & luggage, shopping vouchers, home appliances, electronics, fashion & lifestyle.
Ratio: CardInsider estimates roughly Rs 0.25/point
- 1 complimentary monthly golf round, gated by Rs 50,000 prior-month spend, max 1/month
- 1% fuel surcharge waiver at any fuel outlet
- Personal accident insurance Rs 2,00,000
- Air accident insurance Rs 20,00,000
Real-world feedback
CardInsider notes limited feedback overall; one commenter expressed interest in obtaining the card, suggesting appeal among the target demographic. No specific complaints documented in this fetch.
Sources
- Official — fees, eligibility, forex, lounge, rewards
- Aggregator — reward rate framing, redemption fee, sentiment