ICICI Bank Parakram Select Credit Card – Features, Benefits, and How It Salutes Indian Defence and Paramilitary Forces

The bravery and dedication of our armed forces and paramilitary forces in India is unsurpassed. In honour of those sacrifices, ICICI Bank presents Parakram Select Credit Card. Designed for the Indian Defense and Paramilitary personnels, the credit card comes with a range of benefits so that they live with pride and indulge in a lifestyle of their choice.

In today’s post, through this blog we will delve deep into ICICI Bank Parakram Select Credit Card, its features, benefits, rewards, fees, eligibility, how it is different from other credit cards – all at one place. If you are in the Indian Defense or Paramilitary forces, or have friends or family members who are, this post will help you understand the humongous value this card brings.

Summary of ICICI Bank Parakram Select Credit Card

This credit card is offered to the family members of Indian soldiers in the armed forces, who wish to support the Indian soldier.

About ICICI Bank Parakram Select Credit Card

Created for the nation’s heroes belonging to the defense and paramilitary forces, the ICICI Bank Parakram Select credit card offers them a wide range of financial benefits, lifestyle privileges and rewards, customized to their esteemed requirements. It's a premium card that not only shows your appreciation but also helps Service Members and retirees take advantage of benefits they've earned—with benefits that are perfect for both every day use and special occasions.

For those who are always on the move and serve as a defence or paramilitary personnel, ICICI Bank, a leader in bringing fresh, innovative financial products to the market, this card is handcrafted to suit the needs of defence and paramilitary officials, giving them something back with every expense and giving them a taste of rewards, lounge and insurance offerings, that enhance their lives each day.

Highlights of the ICICI Bank Parakram Select Credit Card

Here are some of the features that differentiate this card in the market:

Reward Points System

Here are a few of the characteristics of the ICICI Bank Parakram Select Credit Card that make it a good choice if you are a credit cardholder:

• 5 Reward Points for every ₹100: On spends on groceries, department stores and Canteen Stores Departments (CSDs), capped up to 1,000 points/month.
  
  
• 2 Reward Points per ₹100: On other eligible spends such as dining, entertainment, and travel.
  
  
• 1 Reward Point for every ₹100: On utility and insurance payments.
  
  

These points can then be used towards a range of options such as flights, accommodation, merchandise or even tickets to the movies. Furthermore, the RP will be automatically added to your account, which facilitates them being accumulated and used.

Lounge Access Benefits

Do you travel often for business or recreation? The ICICI Bank Parakram Select Credit Card also offers complimentary access to airport lounges, which is a nice benefit for frequent travelers. The card comes with:

• Access to Domestic Lounges: 2 x complimentary visits per quarter to help you relax and unwind during your travel.
  
  
• International Lounge Access: Cardmembers receive 1 free international lounge visit per year so you can have a relaxing place to wait for your flight while traveling outside of the US.
  
  

Golf Privileges

Following are the Exclusive Benefits available to the Golf Enthusiast on ICICI Bank Parakram Select Credit Card:

• 4 Free Golf Games: Get 4 free rounds of golf each month on spending ₹50,000/m in Platinum membership.
  
  
• Free Golf Lessons: The card comes with up to 1 free golf lesson per month.
  
  

Insurance Coverage

The card has you covered with insurance that is very comprehensive, providing peace of mind to cardholders. Some of the most important insurance benefits are:

• Personal Accident Insurance: Enjoy a personal accident cover of up to ₹2 lakh.
  
  
• Air Accident Insurance: Provides cover of up to ₹20 lakh in case of air accidents.
  
  

Fuel Surcharge Waiver

Gas costs can also be an issue if you drive long distances. ICICI Bank Parakram Select Credit Card provides:

• Waiver of 1% Fuel Surcharge on fuel transactions of value between ₹400 and ₹5,000.
  
  

Lifestyle and Dining Privileges

• Dining Privileges: Access to the ICICI Bank Culinary Treats programme, with discounts at over 2500 restaurants across India.
  
  
• Shopping Advantage: Discounts and deals at top retail brands and major online shopping websites.
  
  

Fees and Charges

Like all credit cards, there are fees and charges associated with it. Here are the details:

• Joining Fee: ₹0
  
  
• Renewal Fee: ₹0 (waived on ₹1,00,000 annual spend)
  
  
• Add-on Card Fee: ₹199 + GST per add-on card
  
  
• Fuel Surcharge: 1% waiver on fuel across all petrol pumps in India
  
  
• Late Payment: ₹100 to ₹750, based on the amount owed
  
  

The fee isn't too steep compared with a lot of other premium cards, and the fact that the renewal fee is waived for those who spend ₹1,00,000 at least annually makes this card a good one for regular users.

Eligibility Criteria

The ICICI Bank Parakram Select Credit Card is available only for Indian Defense Services and Paramilitary Forces. The enrollment criterion is as follows:

• Age: Combatants have to be aged between 18 and 60.
  
  
• Proof of Income: Must provide valid proof of income.
  
  
• Occupation: Only for personnel of Indian Defense and paramilitary forces.
  
  

This makes the card a unique and distinctive product for the courageous men and women who protect the country on several fronts in the defense sector.

How ICICI Bank Parakram Select Credit Card Stands Out?

The ICICI Bank Parakram Select Credit Card is a premium product for Indian armed forces and paramilitary units, designed specifically to offer the most relevant rewards and experiences for this select segment of the Indian population. Unlike normal credit cards, this card is tailored to get them the benefits and rewards they’ve earned. Here’s why it stands out:

• Exclusivity for Defense Personnel: A unique offering for defense and paramilitary forces.
  
  
• Rewarding System: 5X points on grocery and department store spends; 2X on eligible spends.
  
  
• Travel with Golf Privileges: Lounge access and golf experiences at no additional cost.
  
  
• Full Insurance Coverage: Comprehensive personal and air accident insurance.
  
  
• Low Fees: Nominal charges and renewal fee waived with reasonable annual spending.
  
  

Final Thoughts

The ICICI Bank Parakram Select credit card is a card for excellence that provides more than what a normal credit card does. It not just provides benefits and brilliant points to its users but also fills their lives with extras such as lounge access, golf privileges, and insurance.

For those serving in the defense and paramilitary forces of India, the card is an act of remembrance and an appreciation by a credit card tailored for their needs. From travel to dining to shopping, the ICICI Bank Parakram Select Credit Card is truly an all-rounder for those looking to maximize their spendings and want some bonus gifts to go along.

That’s because if you’re eligible for this card, it could end up being the ticket you need to access a slew of rewarding perks that significantly improve your everyday life.