ICICI Bank Parakram Select Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

Earn 5 times the reward points for every Rs. 100 spent on groceries, department stores, and CSDs, with a maximum cap of 400 points per month. Receive 2 reward points for every Rs. 100 spent on other eligible expenses. Get 1 reward point for every Rs. 100 spent on insurance and utility bills. Fuel transactions, ATM withdrawals, balance transfers, cash withdrawals, EMIs, PLCC, fees, and other charges do not earn reward points. Enjoy complimentary access to domestic airport lounges, with a maximum cap of 2 visits per quarter. Get complimentary access to domestic railway lounges, with a maximum cap of 2 visits per quarter. Receive a complimentary round of golf on spending over Rs. 50,000 in a month, with a maximum cap of 4 times per month. Get a 1% fuel surcharge waiver on all fuel transactions nationwide. Receive personal accident insurance coverage of Rs. 2 Lakh. Benefit from air accident insurance coverage of Rs. 20 Lakh. Receive up to 3 additional credit cards with no additional fee. Enjoy dining benefits through the ICICI Bank Culinary Treats Programme.

The ICICI Bank Parakram Select Credit Card is an excellent option for avid shoppers.

With no joining fee or renewal fee, it offers great value for your money.

When it comes to rewards, this credit card provides Reward Points as the reward type.

You can earn 5X reward points on every Rs. 100 spent on grocery, department stores, and CSDs.

For other applicable expenses, you will earn 2 reward points for every Rs. 100 spent.

Insurance and utility bills will earn you 1 reward point for every Rs. 100 spent.

For movie and dining enthusiasts, the ICICI Bank Culinary Treats Programme offers great dining offers.

If you enjoy traveling, this credit card has you covered with 2 complimentary domestic airport and railway lounge visits per quarter.

If golf is your game, you'll be delighted to know that you can enjoy complimentary golf rounds if you spend more than Rs. 50,000 in a month.

However, please note that this benefit is capped at 4 times per month.

In terms of insurance benefits, this credit card provides personal accident insurance of Rs. 2 Lakh and Air Accident Cover of Rs. 20 Lakh.

There is no spend based waiver available for this credit card, and a rewards redemption fee of Rs. 99 is charged on every reward redemption request.

For foreign currency transactions, a markup of 3.5% per month or 42% annually is applicable.

The interest rate on this credit card is 3.40% per month or 40.8% annually.

When it comes to fuel purchases, you will benefit from a 1% fuel surcharge waiver on all fuel transactions across the country.

If you need cash advance, the charges are set at 2.50% of the withdrawn amount or a minimum of Rs. 300, whichever is higher.

Overall, the ICICI Bank Parakram Select Credit Card offers a range of benefits for shopping, dining, travel, and more.

With its attractive reward points system and various complimentary perks, this credit card is a great choice for those who want to make the most of their spends.