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rupayselectcredit
ICICI Bank Parakram Select Credit Card
ICICI Bank
shopping
Annual Fee
FREE
Joining Fee
Nil
Base Reward
5% points
Foreign Markup
3.5% per month or 42% annually
Interest Rate
3.40% per month or 40.8% annually
Welcome Benefits
N/A
Product Highlights
- 5X reward points on every ₹100 spent on groceries, department stores, and CSDs.
- 2 reward points for every ₹100 spent on other applicable expenses.
- Complimentary domestic airport lounge access, max capped 2 per quarter.
- Complimentary golf round on spending over ₹50,000 in a month, max capped 4 times per month.
- 1% fuel surcharge waiver on all fuel transactions across the country.
Rewards
5X reward points on every ₹100 spent on groceries, department stores, and CSDs. 2 reward points for every ₹100 spent on other applicable expenses. 1 reward point on every ₹100 spent on insurance and utility bills.
Redemption
₹0.25 = 1 RP
Category Rewards
| Category | Reward Rate | Monthly Cap |
|---|---|---|
grocery | 5%(5X reward points) | No cap |
other | 2%(2 reward points) | No cap |
utilities | 1%(1 reward point) | No cap |
Benefits & Features
Domestic: 2 complimentary domestic airport lounge access per quarter (Max capped at 8 visits per year) International: 1 complimentary airport lounge access each year Complimentary domestic airport lounge access, max capped 2 per quarter.
Fees & Charges
Annual FeeFREE
Joining FeeNil
Foreign Markup3.5% per month or 42% annually
Interest Rate3.40% per month or 40.8% annually
Cash Advance2.50% of the withdrawn amount or subject to a minimum of ₹300 charges
Redemption Fee₹99 charged on every reward redemption request
Eligibility
Available Networks
rupay
Pros & Cons
Pros
- No joining or annual fee.
- 5X reward points on groceries, department stores, and CSDs.
- Complimentary domestic lounge access.
- Complimentary golf rounds for high spenders.
Cons
- Redemption fee of ₹99 for every reward redemption request.
- Limited international lounge access.
Additional Info
Max capped at 1,000 points per month for 5X rewards.
Excluded Categories
fuelATM withdrawalbalance transfercash withdrawalEMIsPLCCfeesother charges