Cards · ICICI Bank

ICICI Bank Parakram Select Credit Card: rewards, caps and exclusions

The ICICI Bank Parakram Select Credit Card pays about 2.5% on Groceries, on the first ₹10,000 of spend a month, and 0.5% on everything else. Below is every rate, cap and exclusion in ICICI Bank's published terms, as we last checked them on 9 October 2026.

No annual feePaid in points

What it earns

≈2.5%Grocerieson the first ₹10,000 of spend a month

≈0.5%Transporton the first ₹10,000 of spend a cycle

≈0.5%Everything elseno cap stated

≈ marks a rate paid in points, valued at ₹0.25 a point. That is Zenidhi's conservative valuation, the same one the audit uses: the cheap end of what the points can be redeemed for, never the best transfer. Redeemed well, they can be worth more.

What earns nothing

Spend in these categories earns no rewards on this card, however it is paid for:

Insurance premiums (since 15 April 2024)
Utility bills (since 15 April 2024)
Telecom bills (since 15 April 2024)
Government payments (since 15 April 2024)
International spends (since 15 April 2024)
Cash withdrawals and fees
EMI conversions
Money transfers
Rent
Wallet loads

What costs extra

Worse than earning nothing: ICICI Bank charges a fee for these.

1% on Rent pay, plus GST
1% on Fuel Transaction (w.e.f. Nov 15, 2024), plus GST

Fees

Annual fee: none
Joining fee: none

Where this comes from

Transcribed from ICICI Bank's own documents and checked against them on 9 October 2026:

Banks change these terms, sometimes with a month's notice. If a figure here disagrees with ICICI Bank's current document, the bank's document is right. Tell us at support@zenidhi.com and we'll fix the rule, here and in the app.

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Zenidhi reads your ICICI Bank statements and transaction alerts in Gmail, replays every swipe against the rules on this page, and shows you what you missed, and which card in your wallet to use next time. Get my audit · How the audit works