Elite Defense Officers Credit Card with Airport Lounge Access & Comprehensive Travel Cover
Commissioned officers of the Indian Army, Navy, Air Force, and Paramilitary seeking upgraded lifestyle perks, airport lounge visits, and zero maintenance costs.
Free
One-time upfrontFree
Lifetime Free — no renewal fee5X reward points on every Rs. 100 spent on grocery, departments store, and CSDs and 2 reward points for every Rs. 100 spent on other applicable expenses, and 1 reward point on e...
On eligible spends1 Domestic visits/quarter + 2 International visits/year · ₹75k quarterly spend required (Domestic)
Complimentary visitsLast verified 3 Oct 2026
Objective editorial assessment, ideal spender profile, and primary trade-offs
The ICICI Bank Parakram Select Credit Card represents the upgraded, officer-tier continuation of ICICI Bank's armed forces card portfolio. Tailored specifically for commissioned officers in the Indian Army, Navy, Air Force, and senior leadership in central paramilitary formations, the card is provided completely Lifetime Free (₹0 joining fee and ₹0 annual fee) as a dedicated institutional privilege. Unlike the standard defense variant, the Parakram Select elevates everyday utility with accelerated rewards: cardholders earn 4 ICICI Reward Points per ₹100 spent on domestic retail (a 1% effective value return), doubled from the base tier. Crucially for officers frequenting official duty air transit, it includes 1 complimentary domestic airport lounge visit per calendar quarter across major airport terminals in India upon achieving modest quarterly retail spend criteria. The insurance package is doubled to an extraordinary ₹2 Crore Personal Air Accidental Death cover, backed by comprehensive lost baggage and travel insurance. With lifetime-free pricing, elevated rewards, duty lounge access, and peerless defense insurance cover, the Parakram Select is universally recognized as one of India's finest defense payment privileges.
5X reward points on every Rs. 100 spent on grocery, departments store, and CSDs and 2 reward points for every Rs. 100 spent on other applicable expenses, and 1 reward point on every Rs. 100 spent on insurance and utility bills.
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Base earning rates, partner merchant acceleration, redemption options, and exclusions
| Spend Category | Earn Rate | Reward Cap | Conditions |
|---|---|---|---|
| Retail Spends | 2 Reward Points per ₹100 spent (1 RP = ₹0.25) | No Cap | Standard terms apply |
| Utilities & Insurance | 1 Reward Point per ₹100 spent | No Cap | Standard terms apply |
Calculate estimated net cashback and points across your actual spending pattern.
Estimate your rewards using the card's current reward rates, monthly caps and applicable fee-waiver rules.
Customize monthly spend in each category. Category amounts sum directly to your monthly spend.
| Category / Reward Bucket | Monthly Spend | Rate | Effective Rate | Cap Period | Eligible Reward | Cap Status |
|---|---|---|---|---|---|---|
| Retail Spends | ₹6,000 | 2 Reward Points per ₹100 spent (1 RP = ₹0.25) | — | None | Calculating... | Under cap |
| Utilities & Insurance | ₹6,000 | 1 Reward Point per ₹100 spent | — | None | Calculating... | Under cap |
| Total Monthly Cashback | ₹30,000 | - | — | - | ₹0 / mo | Zero cap loss |
₹3.6 lakh
12 billing cycles₹0
0% blended return₹0
Standard renewal+₹0 / yr
Rewards - FeeDomestic and international lounge privileges, spend hurdles, and participating terminals
Verify this card against live departure gates and specific terminal lounges across India.
This card includes complimentary admission across verified Indian airport terminals. Check individual terminal lounges and spend criteria before you travel.
Complete breakdown of joining, renewal, forex, financing APR, and transaction charges
• Eligibility: Exclusively for Commissioned Officers of the Indian Armed Forces, Coast Guard, and Senior Paramilitary Cadres. • Joining & Annual Fee: Lifetime Free (₹0 joining fee and ₹0 annual renewal fee). • Accelerated Rewards: 4 ICICI Reward Points per ₹100 spent on all eligible domestic purchases (1% value back). • Airport Lounge Access: 1 complimentary domestic airport lounge visit per calendar quarter upon meeting quarterly spend criteria. • Insurance Envelope: Up to ₹2 Crore Personal Air Accident Death Insurance; baggage loss and flight delay cover. • Fuel Surcharge: 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at petrol stations nationwide. • Dining Delights: Up to 15% discount across 2,500+ partner restaurants via ICICI Culinary Treats.
Evaluate whether this card's perks and waiver threshold justify its Free renewal fee.
Income criteria, minimum age, CIBIL score benchmark, and verification checklist
Eligibility criteria not specified
Verified eligibility criteria are not currently available for this card. Check the issuer's latest terms before applying.
Common questions regarding ICICI Bank Parakram Select Credit Card application, fees, reward redemption, and eligibility
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Direct online application on the official ICICI Bank portal with paperless verification.
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