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ICICI Bank
Lifetime free, with 5X reward points at Canteen Stores Department and grocery stores
One-time
Zero renewal fee
Capped at ₹250/month
Score 700+
Applying takes you to ICICI Bank. CredSpy does not process applications, and the ranking on this site is never influenced by commission.
Best for
Terms structured from published copy
2 reward rates with their caps, taken from ICICI Bank’s own published wording rather than checked against its terms document. Verify before you rely on a figure.
Terms effective from 9 Oct 2026.
See where each figure came fromGroceries
Pays up to ₹250 a month — reached at about ₹5,000 of spend
Everything else
No published ceiling on this tier
Data-driven verdict based on net earnings after fees and caps.
Key strength
5% on Groceries — Canteen Stores Department outlets, grocery stores and departmental stores. Capped at 1,000 Reward Points a month., up to ₹250 per month.
Biggest limitation
The 5X rate caps at 1,000 Reward Points a month, about Rs. 20,000 of CSD, grocery and departmental store spending.
Priced with caps, exclusions, and annual fee deducted live.
Monthly spending — ₹54,000
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Import a statement and this runs on your real spending instead of the sliders.
Click any drawer below to inspect fee schedules, lounge terms, reward multipliers, and exclusions.
Everything else the issuer publishes about this card. All of it is on this page and searchable — open only what you need.
5 pts
cappedGroceries
Pays up to ₹250 per month — reached at about ₹5,000 of spend.
Canteen Stores Department outlets, grocery stores and departmental stores. Capped at 1,000 Reward Points a month.
1 pts
uncappedEverything else
| Charge | Amount | Condition |
|---|---|---|
| Joining fee | Nil | — |
| Annual / renewal fee | Lifetime free | — |
| Cash withdrawal | 2.5% | 2.5% of the amount withdrawn, subject to a minimum of Rs. 500 |
| Late payment | A slab-based late payment fee that varies with the total amount due, published in ICICI Bank's card MITC rather than in the summary schedule of charges | — |
| Foreign currency markup | 3.5% | — |
Interest only applies if a balance is carried past the due date. Paying in full each month costs nothing, and no reward rate on this card comes close to offsetting the interest if you do not.
Fees exclude GST unless stated. Charges can change — confirm against the issuer's current schedule before applying.
Year one
Rewards only
no welcome value is recorded
Every year after
No fee, ever
the rewards simply continue
We do not have fuel surcharge waiver recorded for this card. Check the issuer's page before relying on it.
We do not have upi payments recorded for this card. Check the issuer's page before relying on it.
We do not have insurance & protection recorded for this card. Check the issuer's page before relying on it.
We do not have welcome or milestone benefits recorded for this card. Check the issuer's page before relying on it.
We do not have a list of excluded categories recorded for this card. Check the issuer's page before relying on it.
Scored against these published criteria only. No bureau pull, and no approval guarantee — the issuer decides.
No reviews yet
CredSpy publishes only reviews left by real cardholders. Nothing here is generated, bought or seeded — so this stays empty until someone who holds the card writes one.
ICICI BankEmirates Skywards ICICI Bank Rubyx Credit Card₹1,180
ICICI BankAdani One ICICI Bank Signature Credit Card BK₹5,000
ICICI BankAdani One ICICI Bank Platinum Credit Card BK₹750
ICICI BankICICI Bank Coral Credit Card BK₹500
ICICI BankICICI Bank Coral RuPay Credit Card BK₹500
STATE BANKSBI Card Unnati₹589| Card | Annual fee | Headline rate | Lounge |
|---|---|---|---|
| ICICI Bank Parakram Credit Card · this card | Lifetime free | 5% groceries | Included |
| Emirates Skywards ICICI Bank Rubyx Credit Card | ₹1,180 | Up to 1 miles per ₹100 | Included |
| Adani One ICICI Bank Signature Credit Card BK | ₹5,000 | Up to 7 reward points per ₹100 | Included |
| Adani One ICICI Bank Platinum Credit Card BK | ₹750 | Up to 3 reward points per ₹100 | Included |
| ICICI Bank Coral Credit Card BK | ₹500 | Up to 2 reward points per ₹100 | Included |
Headline rates are not comparable on their own — each card caps and excludes differently. Run your own spending through the switch calculator to see which of these actually pays you more.
It is a lifetime-free card — there is no annual fee.
The strongest published rate is 5% on groceries, capped at ₹250 per month — so roughly ₹5,000 of spend reaches the maximum on that tier. The calculator above prices your own basket with every cap and exclusion applied.
Yes. See the benefits section above.
We do not have UPI details recorded for this card.
We do not have an exclusions list recorded for this card. Check the issuer’s terms.
Statement credit against the outstanding card balance, ICICI Bank rewards catalogue, Partner vouchers
You can apply online through our website by filling out the application form and uploading the required documents. You may also visit your nearest branch for in-person assistance.
Yes, you can request a limit increase through internet banking, mobile app, or by contacting customer care. Approval depends on your credit history and income. If you want, I can also create a more engaging, SEO-friendly FAQ section for your credit card website that boosts trust and conversions. Would you like me to prepare that next?
A late payment fee and interest will be charged. Missing payments can also impact your credit score.
We do not hold the issuer's own terms, fee-schedule or MITC links for this card yet.
Credit card fees, rewards and benefits change. Please verify the latest terms on the issuer's website before applying. CredSpy earns a commission on some applications; it never affects rankings or what is written here.
ICICI Bank Parakram Credit Card — 5% on groceries, up to ₹250 per month. No annual fee.