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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.
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) |
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:
You can earn up to 2X reward points on your transactions as per the below details:
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:
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:
|
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 |
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.
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 |
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
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