LIC Platinum credit card is designed with benefits such as complimentary insurance cover, fuel surcharge waiver, added advantages on shopping, dining, travel and lifestyle. LIC Platinum credit card users can avail bonus rewards points on various spend categories, alongside exclusive rewards on LIC policy premium payments.
On LIC IDFC Website
LIC Platinum credit card boasts a powerful rewards program wherein a card member can earn rewards points on every spend, while accelerated rewards points are available on international payments and LIC policy premium payments.
Axis Bank LIC Platinum credit card also provides complimentary lost card liability insurance cover up to the existing credit limit of the card.
| Joining Fee | NIL |
| Annual Fee | NIL |
| Add-on Card Joining Fee | NIL |
| Add-on Card Annual Fee | NIL |
| Card Replacement Fee | NIL |
| Cash Payment Fees | Rs 100 |
| Duplicate Statement Fee | Waived off |
| Charge Slip Retrieval or Copy Request Fee | Waived |
| Outstation Cheque Fee | Waived |
| Mobile Alerts For Transactions | Free |
| Hotlisting Charges | NIL |
| Balance Enquiry Charges | Waived |
| Finance Charges (retail purchases and cash) | Waived |
| Cash Withdrawal Fee | 2.5% (min Rs 500) of the withdrawal amount |
| Overdue Penalty or Late Repayment Fee | NIL is total repayment is below Rs 500 |
| Rs 500 is the total due payment is between Rs 501 and Rs 5,000 | |
| Rs 750 is the total due payment is between Rs 5,001 and 10,000 | |
| Rs 1,200 is the total payment due is more than Rs 10,000 | |
| Overlimit Penalty | 2.5% of the over limit amount subject to a minimum of Rs 500 |
| Fees for Cheque Bounce/Dishonour/Auto-Debit Reversal | 2% of the payment amount subject to a minimum of Rs 450 and maximum of Rs 1,500 |
| Foreign Currency Transaction Fee | 3.50% of the transaction value |
| Rewards Points Redemption Fee | NIL |
| Rent Transactions Fee | 1% capped at Rs 1,500 per rent payment transactions (applicable from 5th march 2023) |
| Dynamic Currency Coversion Markup Fee | 1% on international transaction performed in Indian currency at international location or transactions performed in Indian currency with merchants located in India but registered in foreign nation |
For LIC Platinum credit cards, the basic eligibility parameters are the age of the applicant and the residential status.
The eligibility factors including age, residential status and credit score is only indicative as the approval for credit card applicants may vary from profile to profile. LIC and Axis Bank reserves the right to approve or decline an application for LIC Platinum credit card.
In order to obtain a LIC Platinum credit card, an applicant should provide a copy of PAN card or Form 60, a proof showcasing income, a coloured photograph, a proof of residence and a proof of identity.
You can submit a copy of any one of the following documents:
For identity proof, you can submit a copy of any of the following documents:
To verify the earnings, you can submit a copy of any of the following documents:
The aforementioned documents are generic as there can be different requirements depending on the nature of the profile. For example, you may be asked to submit a proof for current address verification, if any of the documents including Aadhaar, Passport, Electricity Bill, Landline Telephone Bill and Ration Card contains a different address.
You can apply for a LIC Platinum credit card through My Money Mantra.
To earn max rewards & redeem cashback, value back offers, discounts & exclusive deals. Select the best Credit Card as per need.
For every Rs 100 spent through LIC Platinum credit card on LIC insurance premium payments and foreign exchange transactions, you can earn 2 rewards points, while the 1 reward point is issued on all other spend categories excluding wallet top-ups, fuel purchases and EMI conversions.
Yes. LIC Platinum credit card can be used outside India. Interestingly, you’ll earn 2 reward point for every Rs 100 spent on forex transactions.
You can activate LIC Platinum credit card through various ways including customer care support, internet banking facility of Axis Bank, mobile banking and Axis Bank ATMs.
LIC Platinum credit card is offered for free. There is no joining or annual fee either for the primary credit card holder or for add-on cardholders.
