IDFC First Bank has launched a pair of credit cards, the LIC Classic and LIC Select, specifically targeting LIC policyholders. These cards provide enhanced reward points for payments of LIC premiums and routine purchases. The accumulated points can be used for various online redemptions, including future LIC premium payments. Additional benefits include lifestyle perks such as access to airport and railway lounges, roadside assistance, and various insurance protections.
On LIC IDFC Website
Updated: 08-05-2024 04:25:52 PM
LIC IDFC Cards Variants | LIC Classic | LIC Select |
Joining & Annual Fee | Nil | Nil |
Best Suited For | Shopping | Shopping, Travel |
Welcome Benefits | 1,000 Reward Points on Spending Rs. 5,000 Within 30 Days of Card Issuance | 2,000 Reward Points on Spending ₹10,000 Within 30 Days of Card Issuance |
Rewards Rate | Receive 6X Reward Points for LIC expenditures and 3X on utilities, education, railway, and government transactions. | Earn 10X Reward Points on LIC Insurance expenses and 5X on utilities, education, groceries, and railway purchases. |
Railway Lounge Access | 2 per quarter, 8 per year | 4 per quarter, 16 per year |
Domestic Airport Lounge Access | 1 per quarter | 2 per quarter |
Feature Category | LIC IDFC Classic Credit Card | LIC IDFC Select Credit Card |
---|---|---|
Joining Benefits | – 1,000 Rewards on spending ₹5,000 within 30 days of card issuance. | – Free 1-year Lenskart Gold Membership worth ₹500. |
– 6 months PharmEasy Plus Membership worth ₹399. | – Free 6 months PharmEasy Plus Membership worth ₹399. | |
– Free 1-year Lenskart Gold Membership worth ₹500. | – 2,000 Reward Points on spends of ₹10,000 within 30 days of card generation. | |
Discounts & Offers | – 5% cashback on first EMI within 30 days of card issuance, max ₹1,000. | – 5% cashback on the first EMI transaction within 30 days, max ₹1,000. |
– Flat ₹500 off on Domestic Flights on Yatra. | – ₹500 off on Domestic Flights booking on Yatra. | |
– ₹500 off on purchases of ₹899 or above on MYGLAMM. | – ₹500 off on purchases of ₹899 or above on MYGLAMM. | |
Complimentary Lounge Access | – One domestic lounge access/month on spending ₹5,000 (primary & add-on cardholders). | – Free access to railway lounges, 4 times/quarter. |
– Complimentary Domestic Airport Lounge, twice/quarter on spending ₹5,000. | ||
Additional Benefits | – Road-Side Assistance (RSA), four times a year. |
Details | IDFC LIC Classic Credit Card | IDFC LIC Select Credit Card |
---|---|---|
Monthly Interest Rate | 0.75% – 3.5% | 0.75% – 3.5% |
Annual Interest Rate | 9% – 42% | 9% – 42% |
Fuel Surcharge | 1% waiver upto Rs. 200 | 1% waiver upto Rs. 300 |
Cash Advance Fee | Rs. 199 | Rs. 199 |
Forex Markup Fee | 3.5% | 3.5% |
Add on Card Fee | Nil | Nil |