michael mac pro services

Address: No:2, 4th Avenue, Newyork, USA, Near to Airport

Send an enquiry

Axis LIC Signature Credit Card

LIC Cards in collaboration with Axis Bank offers LIC Signature Credit Card. This credit card lets you earn reward points on every purchase be it online or offline shopping. However, being a co-branded credit card, you can earn maximum benefits on your LIC premium payments. Besides rewards, this credit card is also loaded with lot of other privileges, including free domestic lounge access, fuel surcharge waiver and insurance coverage. Explore to know more about Axis Bank LIC Signature Credit Card.

Key Highlights of LIC Signature Credit Card

Best Suited for Reward Points
Joining Fee Nil
Renewal Fee Nil
Income Requirement Rs. 15 lakh p.a.
Best Feature 2 reward points for every Rs. 100 spent on foreign currency and LIC premium payments
Travel Benefits 2 complimentary domestic lounge access every quarter
TheMoneyTrunk’s Rating *** (4.5/5)

LIC Signature Credit Card: Features & Benefits

With LIC credit cards, you can earn reward points on every transaction, along with other benefits, such as fuel surcharge waiver, lounge access and more. Below mentioned are some of the major features and benefits of LIC Signature Credit Card:

Up to 2X Reward Points

You can earn up to 2X reward points on your transactions as per the below details:

  • 2 reward points for every Rs. 100 spent on foreign currency and LIC premium payments
  • 1 reward point for every Rs. 100 spent on other categories, except for fuel, wallet load & EMI transactions
  • Reward points are valid for a period of 12 months

Other Benefits

Some of the other benefits offered by this credit card are mentioned below:

Complimentary Lounge Access: 2 complimentary lounge access every quarter to select airport lounges in India.

Click here for detailed terms and conditions.

Fuel Surcharge Waiver: 1% fuel surcharge waiver (Max. Rs. 400 per month) across all petrol pumps in India on transactions between Rs. 400 to Rs. 4,000.

Also read: Best Credit Cards for Fuel Transactions

Insurance Coverage: You can get insurance coverage of up to Rs. 1 crore as per the below details:

  • Complimentary lost card liability insurance cover of up to your credit limit
  • Purchase protection cover of Rs. 5 lakh
  • Air accidental insurance of Rs. 1 crore

LIC Signature Credit Card: Fees & Charges

The fees and charges related to Axis Bank LIC Signature Credit Card are mentioned in the table below:

Type of Fee or Charge Amount
Joining Fee Nil
Annual/ Renewal Fee Nil
Finance Charges 3.6% p.m. (52.86% p.a.)
Late Payment Charges For Statement Balance:
  • Up to Rs. 300: Nil
  • Between Rs. 301 to Rs. 500: Rs. 100
  • Between Rs. 501 to Rs. 1,000: Rs. 500
  • Between Rs. 1,001 to Rs. 10,000: Rs. 500
  • Between Rs. 10,001 to Rs. 25,000: Rs. 750
  • Between Rs. 25,001 to Rs. 50,000: Rs. 1,000
  • Above Rs. 50,000: Rs. 1,000

LIC Signature Credit Card: Eligibility & Documentation

You must be an Indian resident to apply for Axis LIC Signature Credit Card. Besides this, you must also fulfill the below-mentioned eligibility criteria:

Criteria Details
Minimum Age Requirement 18 years
Maximum Age Requirement 70 years
Occupation Salaried or Self-employed
Income Requirement Rs. 15 lakh p.a.
Documents Required Click here for the list of documents

Should you apply for LIC Signature Credit Card?

LIC Signature Credit Card is offered in collaboration with Axis Bank. The card gives you good value back for your purchases in the form of reward points. However, being a co-branded credit card, you can only earn maximum reward points on your LIC premium payments. Apart from rewards, this credit card also offers complimentary domestic lounge access every quarter. This credit card also offers a fuel surcharge waiver of 1% on your transactions, which is offered on almost all entry-level credit cards. The good thing is that it is a lifetime free credit card as it comes with no joining and annual fees. Overall, this is a decent option if you are a LIC customer and looking for a basic credit card.

Other Rewards Credit Cards

If you are looking for a credit card that offers decent reward points on your transactions, then you can consider the below-mentioned options:

Credit Card Annual Fee Key Feature
Citibank Rewards Credit Card Rs. 1,000 10 reward points on every Rs. 125 spent on apparel and departmental stores (online & in-store)
Standard Chartered Platinum Rewards Credit Card Rs. 250 5 reward points for every Rs. 150 spent on dining, fuel and 1 reward point on other categories
HDFC Regalia Credit Card Rs. 2,500 4 reward points for every Rs. 150 spent via this credit card
SBI Prime Credit Card Rs. 2,999 10 reward points on every Rs. 100 spent on dining, groceries, departmental stores and movies
Axis Bank Privilege Credit Card Rs. 1,500 10 reward points on every Rs. 200 spent via this credit card

Trending Offers

  • Axis Bank Credit Cards

  • SBI Credit Cards

  • HDFC Credit Cards

Help & Support
close

What service do you need? TheMoneyTrunk will help you

#1 Banking Service Provider

We are fastest growing service provider with aim to generate more profit for our franchises and partners.

Copyright © 2023 TheMoneyTrunk. Proudly powered by Rupi Bazaar