IDFC First Bank has partnered with LIC to roll out two unique credit cards, the LIC IDFC Classic and Select. These cards are tailored for LIC policyholders, allowing them to accrue rewards on premium payments. Users of the Classic card earn six times the points on LIC payments, and triple points on spending in areas like railways, utilities, and education. These points can be redeemed in future transactions, offering significant savings.
On LIC IDFC Website
Updated: 29-05-2024 10:08:21 AM
| Joining & Annual Fee | Nil |
| Best Suited For | Shopping |
| Welcome Benefits | 1,000 Reward Points on Spending Rs. 5,000 Within 30 Days of Card Issuance |
| Rewards Rate | Receive 6X Reward Points for LIC expenditures and 3X on utilities, education, railway, and government transactions. |
| Railway Lounge Access | 2 per quarter, 8 per year |
| Domestic Airport Lounge Access | 1 per quarter |
| Details | IDFC LIC Classic Credit Card |
|---|---|
| Monthly Interest Rate | 0.75% – 3.5% |
| Annual Interest Rate | 9% – 42% |
| Fuel Surcharge | 1% waiver upto Rs. 200 |
| Cash Advance Fee | Rs. 199 |
| Forex Markup Fee | 3.5% |
| Add on Card Charge | Nil |
Securing an IDFC First bank LIC Classic Credit Card is a straightforward procedure that necessitates the provision of certain documents for the purpose of KYC (Know Your Customer) compliance and to assess your qualification. Here’s a detailed list of the documents you’ll need to prepare:
Key Documents for KYC:
To earn max rewards & redeem cashback, value back offers, discounts & exclusive deals. Select the best Credit Card as per need
There are no joining or annual fees associated with the IDFC Bank LIC Classic Credit Card, making it a cost-effective option for users.
New cardholders are greeted with a welcome benefit of 1,000 Reward Points when they spend Rs. 5,000 within the first 30 days of card issuance.
Cardholders earn 6X Reward Points on LIC insurance premium payments and 3X Reward Points on expenses across utilities, education, railway, and government transactions.
Yes, cardholders enjoy complimentary access to railway lounges twice per quarter (up to 8 times a year) and domestic airport lounge access once per quarter.
The monthly interest rate varies between 0.75% and 3.5%, with an annual interest rate ranging from 9% to 42%. Other charges include a 1% fuel surcharge waiver up to Rs. 200, a cash advance fee of Rs. 199, and a 3.5% forex markup fee. There is no charge for add-on cards.
