ICICI Bank Parakram Credit Card for Defence Personnel

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ICICI Bank Parakram Credit Card for Defence Personnel: It is one of the best credit cards for the defence personnel from ICICI Bank. As the name suggests, Parakram is denoted for the bravery and valour of Defence personnel.

Two new cards from ICICI Bank are exclusively intended for use by military personnel. Railway lounges and the ICICI Bank Parakram Credit Card are these cards.

When it comes to the ICICI Bank Parakram Credit Card, it offers unique, rewarding benefits. Having these cards comes with many wonderful advantages, such as access to a unique reward program that allows you to accrue five reward points in certain areas.

The ICICI Bank Culinary pleasures Program adds on the benefit of culinary pleasures. The microchip in the card has an additional layer of protection added to it to guard against fraud, counterfeiting, and duplication.

Because the card is specifically made to meet the demands of military troops, every transaction you make with Canteen Store Departments also earns you 5X reward points.

The best thing about this credit card is that you can access railway lounges for free. Many soldiers will find it easier to travel in order to report for duty thanks to this feature.

The following are the Key Features & Benefits of ICICI Bank Parakram Credit Card for Defence Personnel:

Joining and Renewal Fee: ICICI Bank Parakram Credit Card for Defence Personnel

Joining Fee: Nil

Renewal Fee: Nil

Rewards and Benefits: ICICI Bank Parakram Credit Card for Defence Personnel

Dining benefits with ICICI Bank Culinary Treats Programme
5X reward points for every Rs. 100 spent on Canteen Store Departments (CSDs), groceries, and departmental stores
1 reward point for every Rs. 100 spent on all other expenses
2 Complimentary domestic railway lounge access

Insurance Benefits: ICICI Bank Parakram Credit Card for Defence Personnel

Personal accident insurance of Rs. 2 Lakh
Air Accident Cover of Rs. 20 Lakh

Zero Liability Protection: ICICI Bank Parakram Credit Card for Defence Personnel

Cardholder not liable for transactions after reporting theft or misplacement

Fees & Charges: ICICI Bank Parakram Credit Card for Defence Personnel

Rewards Redemption Fee: Rs. 99 per request
Foreign Currency Markup: 3.5% per month or 42% annually
Interest Rates: 3.40% per month or 40.8% annually
Fuel Surcharge: 1% waiver on all fuel transactions
Cash Advance Charges: 2.50% of the withdrawn amount or minimum Rs. 300

Product Details: ICICI Bank Parakram Credit Card for Defence Personnel

5X reward points on CSDs, groceries, and departmental stores (max capped at 400 points per month)
Dining benefits with partner restaurants
Complimentary railway lounge access (2 per quarter with a minimum spend of Rs. 5,000 in the previous quarter)
Personal accident and air accident insurance up to 3 add-on credit cards with no additional fees

Reward Redemption: ICICI Bank Parakram Credit Card for Defence Personnel

Redeem rewards against various options on the bank’s website
Redemption fee: Rs. 99 per request
1 Reward Point = Rs. 0.25

Below is the Link to Apply Online for ICICI Bank Parakram Credit Card for Defence Personnel:

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